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Putnam Short Duration Bond Fund
mutual fund
PARTX
Payout Change
Pending
Price as of:
$9.87
+0.0
+0.0%
primary theme
U.S. Short-Term Bond Duration
share class
PARTX (Mutual Fund)
Putnam Short Duration Bond Fund
Payout Change
Pending
Price as of:
$9.87
+0.0
+0.0%
primary theme
U.S. Short-Term Bond Duration
share class
PARTX (Mutual Fund)
Putnam Short Duration Bond Fund
Payout Change
Pending
Price as of:
$9.87
+0.0
+0.0%
primary theme
U.S. Short-Term Bond Duration
share class
Name
As of 12/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.5%
1 yr return
6.3%
3 Yr Avg Return
2.3%
5 Yr Avg Return
2.1%
Net Assets
$1.27 B
Holdings in Top 10
16.2%
52 WEEK LOW AND HIGH
$9.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.62%
SALES FEES
Front Load 2.25%
Deferred Load N/A
TRADING FEES
Turnover 24.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/03/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
PARTX - Profile
Distributions
- YTD Total Return 5.5%
- 3 Yr Annualized Total Return 2.3%
- 5 Yr Annualized Total Return 2.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.52%
- Dividend Yield 4.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NamePutnam Short Duration Bond Fund
-
Fund Family NamePutnam Family of Funds
-
Inception DateJan 02, 2009
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAlbert Chan
Fund Description
Investments
We invest in a diversified portfolio of fixed income securities. The fund’s investments may include corporate credit, including investment-grade debt, below-investment-grade debt (sometimes referred to as “junk bonds”), bank loans and structured credit; sovereign debt, including obligations of governments in developed and emerging markets; and securitized assets, including asset-backed securities, residential mortgage-backed securities (which may be backed by non-qualified or “sub-prime” mortgages), commercial mortgage-backed securities and collateralized mortgage obligations.
Under normal circumstances, the fund will invest at least 80% of its net assets in bonds (bonds include any debt instrument, and may be represented by other investment instruments, including derivatives). This policy may be changed only after 60 days’ notice to shareholders. We normally maintain an effective duration of three years or less. Effective duration provides a measure of a fund’s interest-rate sensitivity. The longer a fund’s duration, the more sensitive the fund is to shifts in interest rates.
We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments. We may also use derivatives, such as futures, options, certain foreign currency transactions and credit default, total return and interest rate swap contracts, for both hedging and non-hedging purposes.
We may invest in securities that are purchased in private placements, which may be illiquid because they are subject to restrictions on resale.
PARTX - Performance
Return Ranking - Trailing
| Period | PARTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.5% | 1.1% | 19.8% | 29.94% |
| 1 Yr | 6.3% | 2.3% | 21.3% | 41.84% |
| 3 Yr | 2.3%* | -5.1% | 6.1% | 21.01% |
| 5 Yr | 2.1%* | -3.8% | 6.0% | 33.33% |
| 10 Yr | 2.1%* | -18.7% | 170.5% | 32.09% |
* Annualized
Return Ranking - Calendar
| Period | PARTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.3% | -1.6% | 7.6% | 37.12% |
| 2022 | -6.1% | -17.7% | -2.6% | 26.42% |
| 2021 | -1.4% | -4.0% | 4.4% | 29.18% |
| 2020 | 1.3% | -7.1% | 7.6% | 74.28% |
| 2019 | 1.8% | -2.3% | 9.3% | 57.66% |
Total Return Ranking - Trailing
| Period | PARTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.5% | 1.1% | 19.8% | 29.94% |
| 1 Yr | 6.3% | 2.3% | 21.3% | 41.84% |
| 3 Yr | 2.3%* | -5.1% | 6.1% | 21.01% |
| 5 Yr | 2.1%* | -3.8% | 6.0% | 33.33% |
| 10 Yr | 2.1%* | -18.7% | 170.5% | 32.09% |
* Annualized
Total Return Ranking - Calendar
| Period | PARTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.5% | 1.8% | 15.2% | 23.46% |
| 2022 | -3.9% | -17.3% | -1.3% | 26.81% |
| 2021 | 0.5% | -2.7% | 7.7% | 29.58% |
| 2020 | 3.4% | -2.4% | 14.5% | 77.57% |
| 2019 | 4.4% | 0.6% | 12.6% | 61.49% |
NAV & Total Return History
PARTX - Holdings
Concentration Analysis
| PARTX | Category Low | Category High | PARTX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.27 B | 14.5 K | 57.3 B | 50.19% |
| Number of Holdings | 459 | 2 | 8314 | 49.04% |
| Net Assets in Top 10 | 206 M | 1.05 M | 6.81 B | 53.26% |
| Weighting of Top 10 | 16.21% | 2.0% | 108.1% | 74.52% |
Top 10 Holdings
- SHORT TERM INV FUND 5.75%
- VAR.RT. CORP. BONDS 1.71%
- VAR.RT. CORP. BONDS 1.44%
- CORP MED TERM NOTE 1.15%
- CORP. NOTE 1.11%
- VAR.RT. CORP. BONDS 1.11%
- CORP. NOTE 1.03%
- DISC. CP 1.01%
- DISC. CP 1.00%
- CORPORATE BONDS 0.92%
Asset Allocation
| Weighting | Return Low | Return High | PARTX % Rank | |
|---|---|---|---|---|
| Bonds | 88.63% | 0.00% | 131.65% | 46.55% |
| Cash | 10.59% | -20.59% | 68.64% | 15.90% |
| Convertible Bonds | 3.82% | 0.00% | 27.71% | 32.44% |
| Other | 0.98% | -0.97% | 73.75% | 66.86% |
| Stocks | 0.00% | 0.00% | 99.96% | 91.00% |
| Preferred Stocks | 0.00% | 0.00% | 24.12% | 91.95% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PARTX % Rank | |
|---|---|---|---|---|
| Corporate | 58.29% | 0.00% | 99.82% | 20.15% |
| Securitized | 24.37% | 0.00% | 97.27% | 54.32% |
| Cash & Equivalents | 10.59% | 0.00% | 68.64% | 15.33% |
| Derivative | 0.95% | -0.72% | 25.70% | 5.17% |
| Government | 0.78% | 0.00% | 73.63% | 91.94% |
| Municipal | 0.00% | 0.00% | 14.41% | 95.01% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PARTX % Rank | |
|---|---|---|---|---|
| US | 88.63% | 0.00% | 126.86% | 39.08% |
| Non US | 0.00% | 0.00% | 87.70% | 90.42% |
PARTX - Expenses
Operational Fees
| PARTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.62% | 0.01% | 3.29% | 56.15% |
| Management Fee | 0.37% | 0.00% | 1.19% | 68.20% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 56.18% |
| Administrative Fee | N/A | 0.01% | 0.41% | N/A |
Sales Fees
| PARTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 2.25% | 0.50% | 5.75% | 77.03% |
| Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
| PARTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| PARTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 24.00% | 2.00% | 500.00% | 10.61% |
PARTX - Distributions
Dividend Yield Analysis
| PARTX | Category Low | Category High | PARTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.98% | 0.00% | 11.11% | 33.33% |
Dividend Distribution Analysis
| PARTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| PARTX | Category Low | Category High | PARTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.52% | -1.27% | 4.98% | 29.43% |
Capital Gain Distribution Analysis
| PARTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.032 | OrdinaryDividend |
| Oct 31, 2024 | $0.033 | OrdinaryDividend |
| Sep 30, 2024 | $0.034 | OrdinaryDividend |
| Aug 30, 2024 | $0.033 | OrdinaryDividend |
| Jul 31, 2024 | $0.034 | OrdinaryDividend |
| Apr 30, 2024 | $0.031 | OrdinaryDividend |
| Mar 28, 2024 | $0.031 | OrdinaryDividend |
| Feb 29, 2024 | $0.031 | OrdinaryDividend |
| Jan 31, 2024 | $0.030 | OrdinaryDividend |
| Dec 29, 2023 | $0.030 | OrdinaryDividend |
| Dec 27, 2023 | $0.042 | OrdinaryDividend |
| Nov 30, 2023 | $0.030 | OrdinaryDividend |
| Oct 31, 2023 | $0.029 | OrdinaryDividend |
| Sep 29, 2023 | $0.029 | OrdinaryDividend |
| Aug 31, 2023 | $0.029 | OrdinaryDividend |
| Jul 31, 2023 | $0.028 | OrdinaryDividend |
| Jun 30, 2023 | $0.027 | OrdinaryDividend |
| May 31, 2023 | $0.028 | OrdinaryDividend |
| Apr 28, 2023 | $0.023 | OrdinaryDividend |
| Mar 31, 2023 | $0.021 | OrdinaryDividend |
| Feb 28, 2023 | $0.022 | OrdinaryDividend |
| Jan 31, 2023 | $0.020 | OrdinaryDividend |
| Dec 30, 2022 | $0.029 | OrdinaryDividend |
| Dec 28, 2022 | $0.009 | OrdinaryDividend |
| Nov 30, 2022 | $0.020 | OrdinaryDividend |
| Oct 31, 2022 | $0.019 | OrdinaryDividend |
| Sep 30, 2022 | $0.018 | OrdinaryDividend |
| Aug 31, 2022 | $0.016 | OrdinaryDividend |
| Jul 29, 2022 | $0.015 | OrdinaryDividend |
| Jun 30, 2022 | $0.013 | OrdinaryDividend |
| May 31, 2022 | $0.013 | OrdinaryDividend |
| Apr 29, 2022 | $0.011 | OrdinaryDividend |
| Mar 31, 2022 | $0.011 | OrdinaryDividend |
| Feb 28, 2022 | $0.012 | OrdinaryDividend |
| Jan 31, 2022 | $0.012 | OrdinaryDividend |
| Dec 31, 2021 | $0.013 | OrdinaryDividend |
| Dec 31, 2021 | $0.004 | CapitalGainShortTerm |
| Dec 31, 2021 | $0.008 | CapitalGainLongTerm |
| Dec 29, 2021 | $0.004 | CapitalGainShortTerm |
| Dec 29, 2021 | $0.008 | CapitalGainLongTerm |
| Nov 30, 2021 | $0.011 | OrdinaryDividend |
| Oct 29, 2021 | $0.012 | OrdinaryDividend |
| Sep 30, 2021 | $0.013 | OrdinaryDividend |
| Aug 31, 2021 | $0.014 | OrdinaryDividend |
| Jul 30, 2021 | $0.013 | OrdinaryDividend |
| Jun 30, 2021 | $0.013 | OrdinaryDividend |
| May 28, 2021 | $0.014 | OrdinaryDividend |
| Apr 30, 2021 | $0.014 | OrdinaryDividend |
| Mar 31, 2021 | $0.013 | OrdinaryDividend |
| Feb 26, 2021 | $0.014 | OrdinaryDividend |
| Jan 29, 2021 | $0.014 | OrdinaryDividend |
| Dec 31, 2020 | $0.014 | OrdinaryDividend |
| Nov 30, 2020 | $0.014 | OrdinaryDividend |
| Oct 30, 2020 | $0.012 | OrdinaryDividend |
| Sep 30, 2020 | $0.012 | OrdinaryDividend |
| Aug 31, 2020 | $0.012 | OrdinaryDividend |
| Jul 31, 2020 | $0.016 | OrdinaryDividend |
| Jun 30, 2020 | $0.014 | OrdinaryDividend |
| May 29, 2020 | $0.021 | OrdinaryDividend |
| Apr 30, 2020 | $0.018 | OrdinaryDividend |
| Mar 31, 2020 | $0.020 | OrdinaryDividend |
| Feb 28, 2020 | $0.019 | OrdinaryDividend |
| Jan 31, 2020 | $0.019 | OrdinaryDividend |
| Dec 31, 2019 | $0.019 | OrdinaryDividend |
| Nov 29, 2019 | $0.020 | OrdinaryDividend |
| Oct 31, 2019 | $0.021 | OrdinaryDividend |
| Sep 30, 2019 | $0.023 | OrdinaryDividend |
| Aug 30, 2019 | $0.023 | OrdinaryDividend |
| Jul 31, 2019 | $0.023 | OrdinaryDividend |
| May 23, 2019 | $0.024 | OrdinaryDividend |
| Apr 23, 2019 | $0.024 | OrdinaryDividend |
| Mar 21, 2019 | $0.024 | OrdinaryDividend |
| Feb 21, 2019 | $0.024 | OrdinaryDividend |
| Jan 23, 2019 | $0.024 | OrdinaryDividend |
| Dec 21, 2018 | $0.024 | OrdinaryDividend |
| Nov 21, 2018 | $0.024 | OrdinaryDividend |
| Oct 23, 2018 | $0.024 | OrdinaryDividend |
| Sep 21, 2018 | $0.023 | OrdinaryDividend |
| Jul 23, 2018 | $0.023 | OrdinaryDividend |
| Dec 19, 2017 | $0.226 | OrdinaryDividend |
| Dec 20, 2016 | $0.244 | OrdinaryDividend |
| Dec 21, 2015 | $0.158 | OrdinaryDividend |
| Dec 22, 2014 | $0.130 | OrdinaryDividend |
| Dec 23, 2013 | $0.149 | OrdinaryDividend |
| Dec 21, 2012 | $0.075 | OrdinaryDividend |
| Dec 23, 2011 | $0.154 | OrdinaryDividend |
| Dec 23, 2010 | $0.005 | CapitalGainShortTerm |
| Dec 23, 2010 | $0.080 | CapitalGainLongTerm |
| Dec 23, 2010 | $0.125 | OrdinaryDividend |
| Dec 28, 2009 | $0.033 | OrdinaryDividend |
| Dec 28, 2009 | $0.001 | CapitalGainLongTerm |
| Dec 31, 2008 | $0.002 | OrdinaryDividend |
PARTX - Fund Manager Analysis
Managers
Albert Chan
Start Date
Tenure
Tenure Rank
Feb 28, 2017
5.25
5.3%
Brett Kozlowski
Start Date
Tenure
Tenure Rank
Jun 01, 2018
4.0
4.0%
Mr. Kozlowski is a Portfolio Manager in the Fixed Income Structured Credit group. He is responsible for developing investment strategies within securitized sectors, including agency mortgage-backed securities (MBS); non-agency residential mortgage-backed securities (RMBS); commercial mortgage-backed securities (CMBS); and asset-backed securities. In addition, he is a Portfolio Manager of Putnam Income Fund and assists in the management of several institutional client portfolios. He joined Putnam in 2008 and has been in the investment industry since 1997. Prior to joining Putnam, Mr. Kozlowski held roles of increasing responsibility at Fidelity Investmentsincluding Portfolio Manager from 2008 to 2006; Research Analyst from 2006 to 2003; Trader from 2001 to 2003; Portfolio Analyst from 2000 to 2001; and Research Associate from 1997 to 2000. He earned a B.S. from Massachusetts Institute of Technology.
Andrew Benson
Start Date
Tenure
Tenure Rank
Aug 31, 2021
0.75
0.8%
Mr. Benson is a Portfolio Manager in the Fixed Income group. He specializes in investment-grade and crossover strategies within the Corporate and Tax-Exempt Credit team. Mr. Benson is a Portfolio Manager of Putnam’s Core Bond, Core Bond Intermediate, Core Plus, Investment-Grade Corporate Credit, Short Duration Bond, Stable Value, and Ultra Short Duration Income strategies as well as crossover credit and preferred mandates. He collaborates with portfolio managers and analysts on ESG integration, assessing the fundamental relevance of ESG issues at a security level and the potential for alpha generation and risk mitigation at the portfolio level. Mr. Benson has been in the investment industry since he joined Putnam in 2008. Previously at Putnam, Mr. Benson was an Investment-Grade Trader and an Analyst in the Global Credit Research group, focusing on high-yield and investment-grade issuers in the food, beverage, restaurant, and supermarket sectors. Earlier, he served as a High-Yield Trader and Investment Associate, covering the gaming, technology, and auto supplier sectors. Mr. Benson earned a B.A. in Economics from Tufts University.
Joanne Driscoll
Start Date
Tenure
Tenure Rank
Aug 31, 2021
0.75
0.8%
Ms. Driscoll is a Portfolio Manager of Putnam Funds. Ms. Driscoll is responsible for leading the money market investment process and has accountability for the implementation of the group’s work. She joined Putnam in 1995 as the Money Market Credit Analyst with the Cash Management Group. Ms. Driscoll is a CFA charterholder and has been in the investment industry since 1992.
Michael Lima
Start Date
Tenure
Tenure Rank
Aug 31, 2021
0.75
0.8%
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.07 | 28.77 | 6.16 | 2.41 |
