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Putnam High Yield Fund Class Y: (MF: PHAYX)

(NASDAQ Mutual Funds) As of Oct 2, 2026 05:47 PM ET

$5.66 USD

+0.02 (0.35%)

Zacks MF Rank

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Zacks Rank Definition
1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

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3-Hold of 5     3    

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Zacks Premium Research for PHAYX

Zacks MF Rank

This is our Mutual Fund rating system that serves as a timeliness indicator for Mutual Fund's over the next 6 months:

Zacks Rank Definition
1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

Zacks Mutual Fund Rank FAQ - Learn more about the Zacks Mutual Fund Rank
Zacks Mutual Fund Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank

Hold 3
MF Report

Fund Description

The fund was incepted in March 1986 and is managed by Putnam Management. The fund seeks high current income. Capital growth is a secondary goal when consistent with achieving high current income. The fund mainly invests in bonds that are obligations of U.S. companies, are below investment-grade in quality (junk bonds) and have intermediate to long-term maturities (three years or longer). Under normal circumstances, the fund invests at least 80% of its net assets in securities rated below investment grade. The fund distributes dividends monthly. Capital gains are distributed annually.

Load Information

Ticker Max
Load %		 Deferred
Load %		 Red.
Fee %		 12B-1
Fee %		 Mgmt
Fee %		 Expense
Ratio %
Putnam High Yield Y PHAYX NA NA 0.00 0.00 0.54 0.73

Return Data

Ticker Nav Inception Date % yield 1 year return 2 year return 3 year return
Putnam High Yield Advantage A PHYIX 5.33 3/25/1986 5.98 5.54 8.28 3.70
Putnam High Yield Advantage M PHYMX 5.28 6/13/1995 5.78 5.33 8.02 3.49
Putnam High Yield Advantage Y PHAYX 5.66 4/19/2007 5.73 5.70 8.53 3.97
Putnam High Yield Advantage R PFJAX 5.28 1/20/2009 5.78 5.33 8.09 3.49
Putnam High Yield Advantage C PHYLX 5.06 1/25/2011 5.57 4.66 7.48 2.93

Investment Information

Ticker Minimum Initial Investment ($) Minimum Subsequent Investment ($) Minimum Initial IRA ($) Dividend Frequency
Putnam High Yield Y PHAYX 0 0 0 M

Contact Information

Family Franklin
Address One Franklin Parkway
San Mateo, CA 94403
Phone 800 342-5236