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Name

As of 09/05/2024

Price

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

Putnam Core Bond Fund

PTRBX | Fund

$8.40

$437 M

3.86%

$0.32

0.84%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$437 M

Holdings in Top 10

29.4%

52 WEEK LOW AND HIGH

$8.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.84%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 09/05/2024

Price

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

Putnam Core Bond Fund

PTRBX | Fund

$8.40

$437 M

3.86%

$0.32

0.84%

PTRBX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.24%
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Putnam Core Bond Fund
  • Fund Family Name
    Putnam Family of Funds
  • Inception Date
    Jan 02, 2009
  • Shares Outstanding
    N/A
  • Share Class
    B
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Salm

Fund Description

Investments

The fund invests mainly in a diversified portfolio of investment-grade fixed-income securities. The fund invests mainly in bonds of governments and private companies that are investment-grade in quality with intermediate- to long-term maturities (three years or longer). Investment-grade securities are rated at least BBB or its equivalent at the time of purchase by a nationally recognized securities rating organization, or are unrated investments that Putnam Management believes are of comparable quality.

The fund may invest in below-investment-grade investments. However, the fund will not invest in securities that are rated lower than B or its equivalent by each rating agency rating the investment, or are unrated securities that Putnam Management believes are of comparable quality. The fund will not necessarily sell an investment if its rating is reduced (or increased) after purchase.

The fund may consider, among other factors, a company’s or issuer’s credit, interest rate, liquidity and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.

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. In addition to bonds, the fund may also invest in other fixed-income instruments. The fund may also use derivatives, such as futures, options, certain foreign currency transactions and swap contracts, for both hedging and non-hedging purposes.

Read More

PTRBX - Performance

Return Ranking - Trailing

Period PTRBX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -8.3% 14.5% 75.15%
1 Yr N/A -6.6% 24.6% 59.15%
3 Yr N/A* -17.2% 17.1% 26.60%
5 Yr N/A* -14.2% 14.3% 78.00%
10 Yr N/A* -7.1% 6.9% 77.93%

* Annualized

Return Ranking - Calendar

Period PTRBX Return Category Return Low Category Return High Rank in Category (%)
2025 -0.2% -12.0% 15.7% 88.15%
2024 -6.1% -31.8% 18.4% 14.64%
2023 -8.0% -26.6% 25.7% 96.46%
2022 -2.5% -49.2% 18.7% 79.55%
2021 4.5% -35.1% 15.3% 52.64%

Total Return Ranking - Trailing

Period PTRBX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -8.3% 14.5% 75.15%
1 Yr N/A -6.6% 24.6% 59.15%
3 Yr N/A* -17.2% 17.1% 26.60%
5 Yr N/A* -14.2% 14.3% 78.00%
10 Yr N/A* -7.1% 6.9% 77.93%

* Annualized

Total Return Ranking - Calendar

Period PTRBX Return Category Return Low Category Return High Rank in Category (%)
2025 4.3% -7.0% 22.2% 87.39%
2024 -0.7% -31.8% 21.1% 6.39%
2023 -4.1% -13.5% 49.9% 96.94%
2022 0.4% -28.6% 24.1% 85.14%
2021 8.8% -4.8% 19.1% 49.25%

NAV & Total Return History

PTRBX - Holdings

Concentration Analysis

PTRBX Category Low Category High PTRBX % Rank
Net Assets 437 M 2.53 M 143 B 56.11%
Number of Holdings 616 4 9195 41.26%
Net Assets in Top 10 129 M -204 M 80.4 B 53.99%
Weighting of Top 10 29.45% 5.8% 209.5% 44.82%

Top 10 Holdings

  1. SHORT TERM INV FUND 3.97%
  2. FNMA TBA 3.81%
  3. U.S. T. NOTE 3.68%
  4. U.S. T. NOTE 3.32%
  5. U.S. T. BOND 3.01%
  6. U.S. T. BOND 2.54%
  7. U.S. T. NOTE 2.46%
  8. FNMA TBA 2.46%
  9. FNMA TBA 2.18%
  10. U.S. T. BOND 2.03%

Asset Allocation

Weighting Return Low Return High PTRBX % Rank
Bonds 		112.01% 0.00% 192.97% 12.58%
Cash 		3.97% -94.66% 91.07% 42.48%
Convertible Bonds 		1.22% 0.00% 33.50% 49.76%
Stocks 		0.00% -4.92% 99.64% 79.91%
Preferred Stocks 		0.00% 0.00% 26.42% 55.98%
Other 		0.00% -73.61% 112.16% 76.99%

Bond Sector Breakdown

Weighting Return Low Return High PTRBX % Rank
Securitized 		55.70% 0.00% 99.65% 12.97%
Corporate 		14.46% 0.00% 96.66% 73.58%
Government 		7.46% 0.00% 99.43% 59.97%
Cash & Equivalents 		3.97% 0.00% 88.00% 41.38%
Derivative 		0.00% -73.61% 112.16% 52.15%
Municipal 		0.00% 0.00% 54.26% 53.80%

Bond Geographic Breakdown

Weighting Return Low Return High PTRBX % Rank
US 		112.01% 0.00% 192.97% 8.13%
Non US 		0.00% 0.00% 74.14% 72.85%

PTRBX - Expenses

Operational Fees

PTRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.84% 0.03% 20.67% 71.41%
Management Fee 0.39% 0.00% 2.29% 8.98%
12b-1 Fee 0.45% 0.00% 1.00% 60.51%
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

PTRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 38.82%

Trading Fees

PTRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

PTRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 632.00% 93.05%

PTRBX - Distributions

Dividend Yield Analysis

PTRBX Category Low Category High PTRBX % Rank
Dividend Yield 3.86% 0.00% 23.30% 67.63%

Dividend Distribution Analysis

PTRBX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Monthly

Net Income Ratio Analysis

PTRBX Category Low Category High PTRBX % Rank
Net Income Ratio 3.24% -1.55% 11.51% 38.32%

Capital Gain Distribution Analysis

PTRBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PTRBX - Fund Manager Analysis

Managers

Michael Salm

Start Date

Tenure

Tenure Rank

Dec 23, 2008

13.44

13.4%

Mr. Salm is a Co-Head of Fixed Income, specializing in liquid markets and securitized strategies. In this role, he oversees investment strategies related to mortgage and securitized products, interest-rate and volatility derivatives, and money markets. In addition, he manages trading operations and Putnam's Fixed Income quantitative teams. He is a portfolio manager of core global, core plus, global government, fixed income global alpha, and dedicated mortgage strategies, as well as fixed income hedge funds. Mr. Salm joined Putnam in 1997 and has been in the investment industry since 1989. Previously at Putnam, he served as a Portfolio Manager responsible for mortgage strategies in fixed income portfolios. Prior to joining Putnam, Mr. Salm was a Mortgage Specialist at BlackRock Financal Management from 1996 to 1997, a Vice President and Trader at Nomura Securities from 1994 to 1996, a Vice President and Structurer at Nikko Securities from 1993 to 1994, and an Analyst at Fitch Investor Services from 1991 to 1992. Mr. Salm earned a B.S. from Cornell University.

Albert Chan

Start Date

Tenure

Tenure Rank

Feb 28, 2017

5.25

5.3%

Norman Boucher

Start Date

Tenure

Tenure Rank

Mar 31, 2022

0.17

0.2%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.73 3.19

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