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Putnam High Yield Fund
mutual fund
PHYIX
Dividend policy
No Change
Price as of:
$5.93
+0.01
+0%
primary theme
High Yield Bond
PHYIX (Mutual Fund)
Putnam High Yield Fund
Dividend policy
No Change
Price as of:
$5.93
+0.01
+0%
primary theme
High Yield Bond
PHYIX - Snapshot
Vitals
- YTD Return 0.2%
- 3 Yr Annualized Return 5.0%
- 5 Yr Annualized Return 7.4%
- Net Assets $1.29 B
- Holdings in Top 10 5.9%
52 WEEK LOW AND HIGH
$5.92
$4.65
$5.94
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.02%
SALES FEES
- Front Load 4.00%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 37.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $0
- IRA N/A
Fund Classification
- Primary Theme High Yield Bond
- Fund Type Open End Mutual Fund
- Investment Style High Yield Bond
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$5.97
0.00%
$28.52 B
4.63%
$0.28
blocked
blocked
blocked
-0.17%
-
$7.78
+0.13%
$27.69 B
5.12%
$0.40
blocked
blocked
blocked
-0.13%
-
$10.18
+0.10%
$17.91 B
5.80%
$0.59
blocked
blocked
blocked
0.39%
-
$5.61
+0.18%
$12.60 B
4.71%
$0.26
blocked
blocked
blocked
0.18%
-
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$87.25
-0.02%
$25.72 B
4.88%
$4.26
blocked
blocked
blocked
-0.06%
-
$108.85
-0.04%
$12.49 B
5.12%
$5.57
blocked
blocked
blocked
-0.08%
-
$50.08
0.00%
$7.47 B
5.23%
$2.62
blocked
blocked
blocked
-0.02%
-
$45.46
-0.11%
$5.75 B
5.06%
$2.30
blocked
blocked
blocked
0.04%
-
$32.22
+0.22%
$4.08 B
4.66%
$1.50
blocked
blocked
blocked
0.37%
-
PHYIX - Profile
Distributions
- YTD Total Return 0.2%
- 3 Yr Annualized Total Return 3.6%
- 5 Yr Annualized Total Return 6.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.94%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePutnam High Yield Fund
-
Fund Family NamePutnam
-
Inception DateMar 25, 1986
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPaul Scanlon
Fund Description
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. Under normal circumstances, it invests at least 80% of its net assets in securities rated below-investment-grade. The adviser 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. The fund may also invest in other debt instruments, including loans.
PHYIX - Performance
Return Ranking - Trailing
| Period | PHYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.2% | -1.1% | 1.9% | 37.18% |
| 1 Yr | 5.5% | -45.8% | 14.9% | 43.66% |
| 3 Yr | 5.0%* | -15.9% | 10.1% | 48.92% |
| 5 Yr | 7.4%* | -6.7% | 12.6% | 39.00% |
| 10 Yr | 5.7%* | 1.3% | 9.7% | 52.11% |
* Annualized
Return Ranking - Calendar
| Period | PHYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 0.5% | -46.8% | 399.1% | 39.16% |
| 2019 | 8.5% | -10.3% | 226.1% | 37.18% |
| 2018 | -8.4% | -18.4% | -0.2% | 63.62% |
| 2017 | 1.4% | -9.5% | 18.8% | 41.50% |
| 2016 | 8.9% | -9.1% | 28.6% | 19.61% |
Total Return Ranking - Trailing
| Period | PHYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.2% | -1.1% | 1.9% | 37.18% |
| 1 Yr | 1.3% | -45.8% | 14.9% | 83.84% |
| 3 Yr | 3.6%* | -15.9% | 10.1% | 79.57% |
| 5 Yr | 6.5%* | -6.7% | 12.6% | 65.71% |
| 10 Yr | 5.3%* | 1.3% | 9.7% | 67.00% |
* Annualized
Total Return Ranking - Calendar
| Period | PHYIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 0.5% | -46.8% | 399.1% | 39.16% |
| 2019 | 8.5% | -8.1% | 23.9% | 40.63% |
| 2018 | -8.4% | -18.4% | 1.3% | 70.47% |
| 2017 | 1.4% | -8.5% | 18.8% | 56.17% |
| 2016 | 8.9% | -9.1% | 39.0% | 36.54% |
NAV & Total Return History
PHYIX - Holdings
Concentration Analysis
| PHYIX | Category Low | Category High | PHYIX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.29 B | 3.56 M | 28.5 B | 30.31% |
| Number of Holdings | 624 | 3 | 2239 | 19.54% |
| Net Assets in Top 10 | 76.4 M | -492 M | 3.1 B | 43.26% |
| Weighting of Top 10 | 5.93% | 2.7% | 100.0% | 95.08% |
Top 10 Holdings
- CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.38% 1.16%
- Ally Financial Inc. 8% 0.65%
- Community Health Systems Incorporated 6.25% 0.65%
- Dell International L.L.C. and EMC Corporation 6.02% 0.59%
- T-Mobile US, Inc. 7.88% 0.59%
- Pulte Group Inc 7.88% 0.55%
- Tempo Acquisition LLC / Tempo Acquisition Fin Corp 6.75% 0.55%
- Sprint Capital Corporation 6.88% 0.53%
- Tenet Healthcare Corporation 4.88% 0.49%
- Staples, Inc. 7.5% 0.48%
Asset Allocation
| Weighting | Return Low | Return High | PHYIX % Rank | |
|---|---|---|---|---|
| Bonds | 88.81% | 6.16% | 145.56% | 82.48% |
| Cash | 6.38% | -48.94% | 75.30% | 16.04% |
| Convertible Bonds | 2.86% | 0.00% | 18.92% | 28.17% |
| Stocks | 1.10% | -28.46% | 30.63% | 23.58% |
| Preferred Stocks | 0.86% | 0.00% | 13.45% | 16.17% |
| Other | 0.00% | -50.78% | 52.10% | 90.16% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PHYIX % Rank | |
|---|---|---|---|---|
| Communication Services | 39.95% | 0.00% | 100.00% | 6.99% |
| Utilities | 30.75% | 0.00% | 99.51% | 10.48% |
| Real Estate | 17.81% | 0.00% | 100.00% | 4.80% |
| Energy | 10.97% | 0.00% | 100.00% | 50.22% |
| Healthcare | 0.51% | 0.00% | 100.00% | 26.64% |
| Industrials | 0.01% | 0.00% | 100.00% | 35.81% |
| Technology | 0.00% | 0.00% | 47.66% | 91.27% |
| Financial Services | 0.00% | 0.00% | 100.00% | 92.36% |
| Consumer Defense | 0.00% | 0.00% | 52.26% | 90.39% |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | 93.45% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 94.32% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PHYIX % Rank | |
|---|---|---|---|---|
| US | 1.09% | -28.07% | 21.00% | 21.70% |
| Non US | 0.01% | -0.39% | 14.70% | 24.39% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | PHYIX % Rank | |
|---|---|---|---|---|
| Corporate | 93.55% | 0.00% | 100.00% | 68.02% |
| Cash & Equivalents | 6.44% | 0.00% | 92.44% | 16.87% |
| Derivative | 0.01% | 0.00% | 51.02% | 22.67% |
| Securitized | 0.00% | 0.00% | 93.82% | 95.01% |
| Municipal | 0.00% | 0.00% | 13.37% | 89.34% |
| Government | 0.00% | 0.00% | 74.11% | 92.04% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | PHYIX % Rank | |
|---|---|---|---|---|
| US | 77.17% | 0.00% | 125.17% | 64.82% |
| Non US | 11.64% | -26.62% | 97.16% | 62.94% |
PHYIX - Expenses
Operational Fees
| PHYIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.02% | 0.03% | 20.43% | 50.35% |
| Management Fee | 0.56% | 0.00% | 1.84% | 53.60% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 54.40% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| PHYIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.00% | 2.00% | 5.75% | 58.40% |
| Deferred Load | N/A | 1.00% | 5.50% | 86.30% |
Trading Fees
| PHYIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 96.94% |
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.
| PHYIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 37.00% | 0.00% | 349.00% | 19.58% |
PHYIX - Distributions
Dividend Yield Analysis
| PHYIX | Category Low | Category High | PHYIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.00% | 90.19% |
Dividend Distribution Analysis
| PHYIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| PHYIX | Category Low | Category High | PHYIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.94% | -2.17% | 10.93% | 59.01% |
Capital Gain Distribution Analysis
| PHYIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 25, 2019 | $0.024 |
| Feb 25, 2019 | $0.024 |
| Jan 25, 2019 | $0.024 |
| Dec 26, 2018 | $0.024 |
| Nov 26, 2018 | $0.024 |
| Oct 25, 2018 | $0.024 |
| Sep 25, 2018 | $0.024 |
| Aug 27, 2018 | $0.024 |
| Jul 25, 2018 | $0.024 |
| Jun 25, 2018 | $0.024 |
| May 25, 2018 | $0.024 |
| Apr 25, 2018 | $0.024 |
| Mar 26, 2018 | $0.024 |
| Feb 26, 2018 | $0.024 |
| Jan 25, 2018 | $0.024 |
| Dec 26, 2017 | $0.024 |
| Nov 27, 2017 | $0.024 |
| Oct 25, 2017 | $0.024 |
| Sep 25, 2017 | $0.024 |
| Aug 25, 2017 | $0.024 |
| Jul 25, 2017 | $0.024 |
| Jun 26, 2017 | $0.027 |
| May 25, 2017 | $0.027 |
| Apr 25, 2017 | $0.027 |
| Mar 27, 2017 | $0.027 |
| Feb 27, 2017 | $0.027 |
| Jan 25, 2017 | $0.027 |
| Dec 27, 2016 | $0.027 |
| Nov 25, 2016 | $0.027 |
| Oct 25, 2016 | $0.027 |
| Sep 26, 2016 | $0.027 |
| Aug 25, 2016 | $0.027 |
| Jul 25, 2016 | $0.027 |
| Jun 27, 2016 | $0.027 |
| May 25, 2016 | $0.027 |
| Apr 25, 2016 | $0.027 |
| Mar 28, 2016 | $0.027 |
| Feb 25, 2016 | $0.027 |
| Jan 25, 2016 | $0.027 |
| Dec 28, 2015 | $0.027 |
| Nov 25, 2015 | $0.027 |
| Oct 26, 2015 | $0.027 |
| Sep 25, 2015 | $0.027 |
| Aug 25, 2015 | $0.027 |
| Jul 27, 2015 | $0.027 |
| Jun 25, 2015 | $0.027 |
| May 26, 2015 | $0.027 |
| Apr 27, 2015 | $0.027 |
| Mar 25, 2015 | $0.027 |
| Feb 25, 2015 | $0.027 |
| Jan 26, 2015 | $0.027 |
| Dec 26, 2014 | $0.027 |
| Nov 25, 2014 | $0.027 |
| Oct 27, 2014 | $0.027 |
| Sep 25, 2014 | $0.027 |
| Aug 25, 2014 | $0.027 |
| Jul 25, 2014 | $0.027 |
| Jun 25, 2014 | $0.027 |
| May 27, 2014 | $0.027 |
| Apr 25, 2014 | $0.027 |
| Mar 25, 2014 | $0.027 |
| Feb 25, 2014 | $0.027 |
| Jan 27, 2014 | $0.027 |
| Dec 26, 2013 | $0.027 |
| Nov 25, 2013 | $0.031 |
| Oct 25, 2013 | $0.031 |
| Sep 25, 2013 | $0.031 |
| Aug 26, 2013 | $0.031 |
| Jul 25, 2013 | $0.031 |
| Jun 25, 2013 | $0.031 |
| May 28, 2013 | $0.031 |
| Apr 25, 2013 | $0.031 |
| Mar 25, 2013 | $0.031 |
| Feb 25, 2013 | $0.031 |
| Jan 25, 2013 | $0.031 |
| Dec 26, 2012 | $0.015 |
| Nov 26, 2012 | $0.031 |
| Oct 25, 2012 | $0.031 |
| Sep 25, 2012 | $0.031 |
| Aug 27, 2012 | $0.031 |
| Jul 25, 2012 | $0.031 |
| Jun 25, 2012 | $0.031 |
| May 25, 2012 | $0.031 |
| Apr 25, 2012 | $0.031 |
| Mar 26, 2012 | $0.035 |
| Feb 27, 2012 | $0.035 |
| Jan 25, 2012 | $0.035 |
| Dec 27, 2011 | $0.015 |
| Nov 25, 2011 | $0.035 |
| Oct 25, 2011 | $0.035 |
| Sep 26, 2011 | $0.035 |
| Aug 25, 2011 | $0.035 |
| Jul 25, 2011 | $0.035 |
| Jun 27, 2011 | $0.035 |
| May 25, 2011 | $0.035 |
| Apr 25, 2011 | $0.035 |
| Mar 25, 2011 | $0.035 |
| Feb 25, 2011 | $0.035 |
| Jan 25, 2011 | $0.035 |
| Dec 27, 2010 | $0.019 |
| Nov 26, 2010 | $0.035 |
| Oct 25, 2010 | $0.035 |
| Sep 27, 2010 | $0.035 |
| Aug 25, 2010 | $0.035 |
| Jul 26, 2010 | $0.035 |
| Jun 25, 2010 | $0.035 |
| May 25, 2010 | $0.035 |
| Apr 26, 2010 | $0.035 |
| Mar 25, 2010 | $0.035 |
| Feb 25, 2010 | $0.035 |
| Jan 25, 2010 | $0.035 |
| Dec 28, 2009 | $0.035 |
| Nov 25, 2009 | $0.035 |
| Oct 26, 2009 | $0.035 |
| Sep 25, 2009 | $0.035 |
| Aug 25, 2009 | $0.035 |
| Jul 27, 2009 | $0.035 |
| Jun 25, 2009 | $0.035 |
| May 26, 2009 | $0.035 |
| Apr 27, 2009 | $0.035 |
| Mar 25, 2009 | $0.035 |
| Feb 25, 2009 | $0.035 |
| Jan 26, 2009 | $0.035 |
| Dec 26, 2008 | $0.020 |
| Nov 25, 2008 | $0.035 |
| Oct 27, 2008 | $0.035 |
| Sep 25, 2008 | $0.035 |
| Aug 25, 2008 | $0.035 |
| Jul 25, 2008 | $0.035 |
| Jun 25, 2008 | $0.035 |
| May 27, 2008 | $0.035 |
| Apr 25, 2008 | $0.035 |
| Mar 25, 2008 | $0.035 |
| Feb 25, 2008 | $0.035 |
| Jan 25, 2008 | $0.035 |
| Dec 29, 2007 | $0.316 |
| Dec 26, 2007 | $0.035 |
| Nov 26, 2007 | $0.033 |
| Oct 25, 2007 | $0.033 |
| Sep 25, 2007 | $0.032 |
| Aug 27, 2007 | $0.032 |
| Jul 27, 2007 | $0.032 |
| Jun 25, 2007 | $0.032 |
| May 25, 2007 | $0.032 |
| Apr 25, 2007 | $0.032 |
| Mar 26, 2007 | $0.032 |
| Feb 26, 2007 | $0.032 |
| Jan 25, 2007 | $0.032 |
| Dec 26, 2006 | $0.035 |
| Nov 27, 2006 | $0.032 |
| Oct 25, 2006 | $0.032 |
| Sep 25, 2006 | $0.032 |
| Aug 25, 2006 | $0.032 |
| Jul 25, 2006 | $0.032 |
| Jun 26, 2006 | $0.032 |
| May 25, 2006 | $0.032 |
| Apr 25, 2006 | $0.032 |
| Mar 27, 2006 | $0.032 |
| Feb 27, 2006 | $0.032 |
| Jan 25, 2006 | $0.032 |
| Dec 27, 2005 | $0.032 |
| Nov 25, 2005 | $0.032 |
| Oct 25, 2005 | $0.032 |
| Sep 26, 2005 | $0.032 |
| Aug 25, 2005 | $0.032 |
| Jul 25, 2005 | $0.032 |
| Jun 27, 2005 | $0.032 |
| May 25, 2005 | $0.032 |
| Apr 25, 2005 | $0.032 |
| Mar 28, 2005 | $0.032 |
| Feb 25, 2005 | $0.032 |
| Jan 25, 2005 | $0.032 |
| Dec 27, 2004 | $0.032 |
| Nov 26, 2004 | $0.032 |
| Oct 25, 2004 | $0.032 |
| Sep 27, 2004 | $0.034 |
| Aug 25, 2004 | $0.034 |
| Jul 26, 2004 | $0.034 |
| Jun 25, 2004 | $0.034 |
| May 25, 2004 | $0.034 |
| Apr 26, 2004 | $0.034 |
| Mar 25, 2004 | $0.034 |
| Feb 25, 2004 | $0.034 |
| Jan 26, 2004 | $0.034 |
| Dec 26, 2003 | $0.034 |
| Nov 25, 2003 | $0.034 |
| Oct 27, 2003 | $0.034 |
| Sep 25, 2003 | $0.040 |
| Aug 25, 2003 | $0.040 |
| Jul 25, 2003 | $0.040 |
| Jun 25, 2003 | $0.040 |
| May 27, 2003 | $0.040 |
| Apr 25, 2003 | $0.040 |
| Mar 25, 2003 | $0.040 |
| Feb 25, 2003 | $0.040 |
| Jan 27, 2003 | $0.040 |
| Dec 26, 2002 | $0.040 |
| Nov 25, 2002 | $0.045 |
| Oct 25, 2002 | $0.045 |
| Sep 25, 2002 | $0.045 |
| Aug 26, 2002 | $0.045 |
| Jul 25, 2002 | $0.045 |
| Jun 25, 2002 | $0.045 |
| May 28, 2002 | $0.045 |
| Apr 25, 2002 | $0.045 |
| Mar 25, 2002 | $0.051 |
| Feb 25, 2002 | $0.051 |
| Jan 25, 2002 | $0.051 |
| Dec 26, 2001 | $0.051 |
| Nov 26, 2001 | $0.055 |
| Oct 25, 2001 | $0.055 |
| Sep 25, 2001 | $0.055 |
| Jun 25, 2001 | $0.055 |
| May 25, 2001 | $0.055 |
| Apr 25, 2001 | $0.055 |
| Mar 26, 2001 | $0.055 |
| Feb 26, 2001 | $0.064 |
| Jan 25, 2001 | $0.064 |
| Dec 26, 2000 | $0.064 |
| Nov 27, 2000 | $0.064 |
| Oct 25, 2000 | $0.064 |
| Sep 25, 2000 | $0.064 |
| Aug 25, 2000 | $0.064 |
| Jul 25, 2000 | $0.064 |
| Jun 26, 2000 | $0.064 |
| May 25, 2000 | $0.064 |
| Apr 25, 2000 | $0.064 |
| Mar 27, 2000 | $0.064 |
| Jan 25, 2000 | $0.064 |
| Dec 27, 1999 | $0.064 |
| Nov 26, 1999 | $0.064 |
| Oct 25, 1999 | $0.064 |
| Sep 27, 1999 | $0.064 |
| Aug 25, 1999 | $0.064 |
| Jul 26, 1999 | $0.064 |
| Jun 25, 1999 | $0.068 |
| May 25, 1999 | $0.068 |
| Apr 26, 1999 | $0.068 |
| Mar 25, 1999 | $0.068 |
| Feb 25, 1999 | $0.068 |
| Jan 25, 1999 | $0.071 |
| Dec 28, 1998 | $0.071 |
| Nov 25, 1998 | $0.071 |
| Oct 26, 1998 | $0.071 |
| Sep 25, 1998 | $0.071 |
| Aug 25, 1998 | $0.071 |
| Jul 27, 1998 | $0.072 |
| Jun 25, 1998 | $0.072 |
| May 26, 1998 | $0.072 |
| Apr 27, 1998 | $0.072 |
| Mar 25, 1998 | $0.074 |
| Feb 25, 1998 | $0.076 |
| Jan 26, 1998 | $0.076 |
| Dec 26, 1997 | $0.076 |
| Nov 25, 1997 | $0.076 |
| Oct 27, 1997 | $0.076 |
| Sep 25, 1997 | $0.076 |
| Aug 25, 1997 | $0.076 |
PHYIX - Fund Manager Analysis
Managers
Paul Scanlon
Start Date
Tenure
Tenure Rank
Dec 31, 2002
18.01
18.0%
Mr. Scanlon is a Co-Head of Fixed Income, specializing in global credit and tax-exempt strategies. He is responsible for managing all facets of the corporate credit investment process and overseeing Putnam's taxexempt team. In addition, he is accountable for the research, trading, and creation of stand-alone corporate credit portfolios as well as a number of multi-sector strategies. Mr. Scanlon joined Putnam in 1999 and has been in the investment industry since 1986. Paul is a CFA charterholder.
Norman Boucher
Start Date
Tenure
Tenure Rank
Nov 30, 2005
15.1
15.1%
Norman is responsible for managing the cyclical part of Putnam’s high-yield portfolios. He joined Putnam as an Analyst covering the automotive, aerospace, and technology sectors. He served as a Portfolio Manager on the U.S. High Yield group before moving to Putnam’s London office to manage European high-yield portfolios. He rejoined the U.S. High Yield team in 2005. Norman joined Putnam in 1998 and has been in the investment industry since 1985.
Robert Salvin
Start Date
Tenure
Tenure Rank
Nov 30, 2005
15.1
15.1%
Mr. Salvin is a Portfolio Manager of Putnam's global credit strategies. He is responsible for managing convertible securities, U.S. high-yield, global high-yield, and floating rate loan strategies. Mr. Salvin joined Putnam in 2000 and has been in the investment industry since 1986. Prior to joining Putnam, Mr. Salvin was a Managing Director at BancBoston Robertson Stephens from 1997 to 1999, a Director at SBC Warburg Inc. from 1996 to 1997, an Associate at Chase Securities from 1993 to 1996, and an Analyst at Broadview Associates from 1986 to 1991.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 36.38 | 6.61 | 1.5 |
