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Mutual Fund Insights: Putnam High Yield Advantage Y Fund (PHAYX)

In-depth Analysis of Putnam High Yield Advantage Y Fund (PHAYX)

Mutual fund chart: Putnam High Yield Advantage Y Fund (PHAYX)

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See Putnam High Yield Advantage Y Fund (PHAYX) performance details as of February 28, 2010

  

    Last Trade: $5.92 on 3/19/2010, Change: -0.03 (-0.5%)

  

Fund Manager - Paul D. Scanlon

Fund Manager Tenure: 7.6 years   [Similar Funds: PHYYX ]
Fundmojo Fund Grade: A (Score: 0.73)     (What does this score mean?)
Paul D. Scanlon is a managing director and portfolio manager with Putnam Investments, his employer since 1999. Paul D. Scanlon specializes in dealing with high-yield corporate bonds. Previously, Paul D. Scanlon was a senior vice president for Olympus Health Care Group from 1997 to 1999. Prior to that, Scanlon worked as a senior analyst at Fidelity Investments.  Get more insights on Paul D. Scanlon

  

What we like about Putnam High Yield Advantage Y Fund (PHAYX) What we like about Putnam High Yield Advantage Y Fund (PHAYX)

Data for Putnam High Yield Advantage Y Fund (PHAYX) as of February 28, 2010

  • Putnam High Yield Advantage Y Fund (PHAYX) management has been with Putnam High Yield Advantage Y Fund for 7.6 years
  • Putnam High Yield Advantage Y Fund (PHAYX) has good mid-term performance (3-year return 4.54% vs 2.71 % High Yield Bond category average)
  • Putnam High Yield Advantage Y Fund (PHAYX) has good Long-term performance (5-year return 6.29% vs 4.33 % High Yield Bond category average)
  • Putnam High Yield Advantage Y Fund (PHAYX) ratio of up-years vs down years is greater than 2
  • Putnam High Yield Advantage Y Fund (PHAYX) has a Morningstar rating of 4 and above
  • Putnam High Yield Advantage Y Fund (PHAYX) has an annual stock turnover rate of 58.99% vs High Yield Bond average of 97.73%. It is good that Putnam High Yield Advantage Y management does not trade extensively for its return.
  • Putnam High Yield Advantage Y Fund (PHAYX) is less volatile than its peers as it has a 3-year Standard Deviation of 14.51, lower than category average of 15.37
  • Putnam High Yield Advantage Y Fund (PHAYX) has a lower management fee than its High Yield Bond average: 0.88% vs 1.21%
  • Putnam High Yield Advantage Y Fund (PHAYX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

What we are cautious about Putnam High Yield Advantage Y Fund (PHAYX) What we are cautious about Putnam High Yield Advantage Y Fund (PHAYX)

Data for Putnam High Yield Advantage Y Fund (PHAYX) as of February 28, 2010

  • Putnam High Yield Advantage Y Fund (PHAYX) has a less-than-ideal short-term performance (1-year return 44.82% vs 45.45 % High Yield Bond category average)
See Putnam High Yield Advantage Y Fund (PHAYX) performance details as of February 28, 2010

  

  

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Putnam High Yield Advantage Y Fund (PHAYX) Net Asset

Track net asset change of Putnam High Yield Advantage Y fund (PHAYX)

DateNet Asset
02/2010$771.19M
01/2010$63.17M
11/2009$66.69M
More historic net asset information on Putnam High Yield Advantage Y Fund (PHAYX)

  

Putnam High Yield Advantage Y Fund (PHAYX) Portfolio Allocation

Track portfolio allocation change of Putnam High Yield Advantage Y fund (PHAYX)

DateCashStockBondOther
09/20098.99%0%87.41%3.6%
06/20099.91%0%85.24%4.85%
03/20096.6%0%89.8%3.61%
Click here to see more historic asset allocation information on Putnam High Yield Advantage Y Fund (PHAYX)

  

Most Recent Top 10 Holdings in Putnam High Yield Advantage Y Fund (PHAYX)

Discover what Putnam High Yield Advantage Y Fund (PHAYX) manager is buying

30-Sep-09
Nrg Engy 7.375% [0.99%]
Freeport-Mcmoran Copper & Gold 8.375% [0.96%]
HCA Inc 9.13% [0.7%]
Ford Motor Credit 9.875% [0.66%]
Intelsat 11.25% [0.64%]
Txu Energy T/L B2 L+350 [0.61%]
Arch Westn Fin 6.75% [0.57%]
Sungard Data Sys 9.125% [0.54%]
First Data 10.55% [0.53%]
Chesapeake Engy 7.5% [0.53%]

30-Jun-09
Nrg Engy 7.375% [1.1%]
Freeport-Mcmoran Copper & Gold 8.375% [0.82%]
Intelsat 11.25% [0.73%]
Txu Energy T/L B2 L+350 [0.63%]
Arch Westn Fin 6.75% [0.6%]
Peabody Engy 7.375% [0.6%]
Ford Motor Credit 9.875% [0.58%]
Sungard Data Sys 9.125% [0.58%]
Chesapeake Engy 7.5% [0.58%]
Echostar Dbs 6.375% [0.57%]

31-Mar-09
Nrg Engy 7.375% [1.19%]
Freeport-Mcmoran Copper & Gold 8.375% [0.94%]
Hca 9.25% [0.92%]
Intelsat 11.25% [0.86%]
Chs / Cmnty Health Sys 8.875% [0.79%]
Peabody Engy 7.375% [0.78%]
Arch Westn Fin 6.75% [0.75%]
Txu Energy T/L B2 L+350 [0.73%]
Directv Hldgs 6.375% [0.71%]
Echostar Dbs 6.375% [0.7%]
Click here for Stock Holding Change Map in Putnam High Yield Advantage Y Fund (PHAYX)

  

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