3 / 5 Stars
4 4 1 3 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#37 in High Yield Bond
U.S. News evaluated 168 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 8.88 percent over the past year, 8.23 percent over the past three years, 15.75 percent over the past five years, and 7.99 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||6.6%|
|3 Years (Annualized)||8.2%|
|5 Years (Annualized)||15.7%|
|10 Years (Annualized)||8.0%|
The investment seeks high current income; capital growth is a secondary goal when consistent with achieving high current income. The fund invests mainly in bonds that are obligations of U.S. companies, are below investment-grade in quality, and have intermediate- to long-term maturities (three years or longer). The advisor may consider, among other things, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments. It typically uses to a significant extent derivatives, such as futures, options, warrants and swap contracts, for both hedging and non-hedging purposes.
Fees are Above Average compared to funds in the same category.
Putnam High Yield Trust Fund has an expense ratio of 1.02 percent.
Risk is Average compared to funds in the same category according to Morningstar.