Putnam Funds Trust - Putnam Ultra Short Duration Income Fd USD Cls R6
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$10.09
$13 B
0.00%
0.34%
Vitals
YTD Return
1.7%
1 yr return
6.0%
3 Yr Avg Return
2.8%
5 Yr Avg Return
2.3%
Net Assets
$13 B
Holdings in Top 10
6.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.34%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 63.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$10.09
$13 B
0.00%
0.34%
PSDQX - Profile
Distributions
- YTD Total Return 1.7%
- 3 Yr Annualized Total Return 2.8%
- 5 Yr Annualized Total Return 2.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.46%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePutnam Funds Trust - Putnam Ultra Short Duration Income Fd USD Cls R6
-
Fund Family NamePutnam
-
Inception DateJul 02, 2012
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichael Salm
Fund Description
PSDQX - Performance
Return Ranking - Trailing
Period | PSDQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.7% | -1.4% | 2.7% | 49.31% |
1 Yr | 6.0% | -0.4% | 11.3% | 35.19% |
3 Yr | 2.8%* | -2.1% | 5.8% | 17.48% |
5 Yr | 2.3%* | -1.0% | 3.9% | 27.66% |
10 Yr | 1.8%* | -4.5% | 27.5% | 36.75% |
* Annualized
Return Ranking - Calendar
Period | PSDQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.0% | -2.3% | 4.3% | 58.99% |
2022 | -0.8% | -6.5% | 0.5% | 23.81% |
2021 | -0.3% | -2.1% | 0.3% | 29.41% |
2020 | 0.5% | -3.1% | 1.8% | 32.31% |
2019 | 0.3% | -1.2% | 6.1% | 72.28% |
Total Return Ranking - Trailing
Period | PSDQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.7% | -1.4% | 2.7% | 49.31% |
1 Yr | 6.0% | -0.4% | 11.3% | 35.19% |
3 Yr | 2.8%* | -2.1% | 5.8% | 17.48% |
5 Yr | 2.3%* | -1.0% | 3.9% | 27.66% |
10 Yr | 1.8%* | -4.5% | 27.5% | 36.75% |
* Annualized
Total Return Ranking - Calendar
Period | PSDQX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.5% | 0.8% | 12.1% | 20.28% |
2022 | 1.0% | -5.1% | 2.5% | 11.90% |
2021 | 0.1% | -2.1% | 14.5% | 46.57% |
2020 | 1.8% | -1.0% | 3.6% | 42.05% |
2019 | 2.9% | 0.3% | 9.6% | 59.24% |
NAV & Total Return History
PSDQX - Holdings
Concentration Analysis
PSDQX | Category Low | Category High | PSDQX % Rank | |
---|---|---|---|---|
Net Assets | 13 B | 25.6 K | 22.6 B | 3.62% |
Number of Holdings | 591 | 2 | 1291 | 15.84% |
Net Assets in Top 10 | 792 M | 32.5 K | 18.4 B | 21.72% |
Weighting of Top 10 | 6.08% | 5.6% | 163.3% | 97.29% |
Top 10 Holdings
- Putnam Fds Tr 1.33%
- Mitsubishi UFJ Financial Group, Inc. 2.074% 0.76%
- Citigroup Inc. 2.603% 0.68%
- Secured Forward-Backed Nt 2021- 144A FRN 1.316% 0.63%
- Verizon Communications Inc. 2.511% 0.62%
- Federal Farm Credit Banks 0.47% 0.62%
- Becton Dickinson Euro Finance S.A.R.L. 0.174% 0.60%
- Nordea Bank ABP 4.25% 0.58%
- Air Lease Corporation 0.49% 0.57%
- Massmutual Global Funding II 0.995% 0.57%
Asset Allocation
Weighting | Return Low | Return High | PSDQX % Rank | |
---|---|---|---|---|
Bonds | 66.25% | 0.00% | 128.16% | 72.40% |
Cash | 23.45% | 0.00% | 109.89% | 12.22% |
Convertible Bonds | 10.30% | 0.00% | 15.25% | 8.18% |
Stocks | 0.00% | 0.00% | 97.29% | 80.54% |
Preferred Stocks | 0.00% | 0.00% | 0.00% | 75.11% |
Other | 0.00% | -29.59% | 99.92% | 85.07% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PSDQX % Rank | |
---|---|---|---|---|
Corporate | 67.18% | 0.00% | 99.91% | 9.09% |
Cash & Equivalents | 24.05% | 0.00% | 109.89% | 12.22% |
Securitized | 8.77% | 0.00% | 100.00% | 69.55% |
Derivative | 0.00% | -29.59% | 21.59% | 53.85% |
Municipal | 0.00% | 0.00% | 70.39% | 88.18% |
Government | 0.00% | 0.00% | 100.00% | 94.55% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PSDQX % Rank | |
---|---|---|---|---|
US | 44.01% | 0.00% | 128.16% | 88.69% |
Non US | 22.24% | 0.00% | 22.24% | 1.81% |
PSDQX - Expenses
Operational Fees
PSDQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.34% | 0.02% | 28.11% | 72.60% |
Management Fee | 0.27% | 0.00% | 1.19% | 60.63% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
PSDQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
PSDQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 1.00% | 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.
PSDQX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 63.00% | 0.00% | 369.54% | 41.94% |
PSDQX - Distributions
Dividend Yield Analysis
PSDQX | Category Low | Category High | PSDQX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 8.13% | 27.15% |
Dividend Distribution Analysis
PSDQX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
PSDQX | Category Low | Category High | PSDQX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.46% | -1.30% | 14.86% | 51.64% |
Capital Gain Distribution Analysis
PSDQX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.045 | OrdinaryDividend |
Feb 29, 2024 | $0.043 | DailyAccrualFund |
Jan 31, 2024 | $0.045 | DailyAccrualFund |
Dec 29, 2023 | $0.045 | DailyAccrualFund |
Nov 30, 2023 | $0.044 | DailyAccrualFund |
Oct 31, 2023 | $0.043 | DailyAccrualFund |
Sep 29, 2023 | $0.045 | DailyAccrualFund |
Aug 31, 2023 | $0.043 | DailyAccrualFund |
Jul 31, 2023 | $0.039 | DailyAccrualFund |
Jun 30, 2023 | $0.044 | DailyAccrualFund |
May 31, 2023 | $0.042 | DailyAccrualFund |
Apr 28, 2023 | $0.036 | DailyAccrualFund |
Mar 31, 2023 | $0.042 | DailyAccrualFund |
Feb 28, 2023 | $0.035 | DailyAccrualFund |
Jan 31, 2023 | $0.037 | DailyAccrualFund |
Dec 30, 2022 | $0.034 | DailyAccrualFund |
Nov 30, 2022 | $0.030 | DailyAccrualFund |
Oct 31, 2022 | $0.024 | DailyAccrualFund |
Sep 30, 2022 | $0.023 | DailyAccrualFund |
Aug 31, 2022 | $0.018 | DailyAccrualFund |
Jul 29, 2022 | $0.015 | DailyAccrualFund |
Jun 30, 2022 | $0.010 | DailyAccrualFund |
May 31, 2022 | $0.008 | DailyAccrualFund |
Apr 29, 2022 | $0.006 | DailyAccrualFund |
Mar 31, 2022 | $0.004 | DailyAccrualFund |
Feb 28, 2022 | $0.003 | DailyAccrualFund |
Jan 31, 2022 | $0.003 | DailyAccrualFund |
Dec 31, 2021 | $0.003 | DailyAccrualFund |
Nov 30, 2021 | $0.003 | DailyAccrualFund |
Oct 29, 2021 | $0.003 | DailyAccrualFund |
Sep 30, 2021 | $0.003 | DailyAccrualFund |
Aug 31, 2021 | $0.002 | DailyAccrualFund |
Jul 30, 2021 | $0.003 | DailyAccrualFund |
Jun 30, 2021 | $0.003 | DailyAccrualFund |
May 28, 2021 | $0.003 | DailyAccrualFund |
Apr 30, 2021 | $0.004 | DailyAccrualFund |
Mar 31, 2021 | $0.004 | DailyAccrualFund |
Feb 26, 2021 | $0.004 | DailyAccrualFund |
Jan 29, 2021 | $0.004 | DailyAccrualFund |
Dec 31, 2020 | $0.004 | DailyAccrualFund |
Nov 30, 2020 | $0.004 | DailyAccrualFund |
Oct 30, 2020 | $0.004 | DailyAccrualFund |
Sep 30, 2020 | $0.005 | DailyAccrualFund |
Aug 31, 2020 | $0.005 | DailyAccrualFund |
Jul 31, 2020 | $0.006 | DailyAccrualFund |
Jun 30, 2020 | $0.008 | DailyAccrualFund |
May 29, 2020 | $0.012 | DailyAccrualFund |
Apr 30, 2020 | $0.014 | DailyAccrualFund |
Mar 31, 2020 | $0.015 | DailyAccrualFund |
Feb 28, 2020 | $0.015 | DailyAccrualFund |
Jan 31, 2020 | $0.018 | DailyAccrualFund |
Dec 31, 2019 | $0.017 | DailyAccrualFund |
Nov 29, 2019 | $0.018 | DailyAccrualFund |
Oct 31, 2019 | $0.019 | DailyAccrualFund |
Sep 30, 2019 | $0.018 | DailyAccrualFund |
Aug 30, 2019 | $0.023 | DailyAccrualFund |
Jul 31, 2019 | $0.022 | DailyAccrualFund |
May 31, 2019 | $0.025 | DailyAccrualFund |
Apr 30, 2019 | $0.023 | DailyAccrualFund |
Mar 29, 2019 | $0.024 | DailyAccrualFund |
Feb 28, 2019 | $0.021 | DailyAccrualFund |
Jan 31, 2019 | $0.024 | DailyAccrualFund |
Dec 31, 2018 | $0.021 | DailyAccrualFund |
Nov 30, 2018 | $0.022 | DailyAccrualFund |
Oct 31, 2018 | $0.020 | DailyAccrualFund |
Aug 31, 2018 | $0.022 | DailyAccrualFund |
Jul 31, 2018 | $0.019 | DailyAccrualFund |
Jun 29, 2018 | $0.020 | DailyAccrualFund |
May 31, 2018 | $0.019 | DailyAccrualFund |
Apr 30, 2018 | $0.017 | DailyAccrualFund |
Mar 29, 2018 | $0.017 | DailyAccrualFund |
Feb 28, 2018 | $0.014 | DailyAccrualFund |
Jan 31, 2018 | $0.014 | DailyAccrualFund |
Nov 30, 2017 | $0.012 | DailyAccrualFund |
Oct 31, 2017 | $0.012 | DailyAccrualFund |
Sep 29, 2017 | $0.012 | DailyAccrualFund |
Aug 31, 2017 | $0.012 | DailyAccrualFund |
Jul 31, 2017 | $0.011 | DailyAccrualFund |
Jun 30, 2017 | $0.011 | DailyAccrualFund |
May 31, 2017 | $0.010 | DailyAccrualFund |
Apr 28, 2017 | $0.009 | DailyAccrualFund |
Mar 31, 2017 | $0.010 | DailyAccrualFund |
Feb 28, 2017 | $0.008 | DailyAccrualFund |
Jan 31, 2017 | $0.009 | DailyAccrualFund |
Dec 30, 2016 | $0.008 | DailyAccrualFund |
Nov 30, 2016 | $0.008 | DailyAccrualFund |
Oct 31, 2016 | $0.007 | DailyAccrualFund |
Sep 30, 2016 | $0.008 | DailyAccrualFund |
Aug 31, 2016 | $0.008 | DailyAccrualFund |
Jul 29, 2016 | $0.008 | DailyAccrualFund |
Jun 30, 2016 | $0.007 | DailyAccrualFund |
May 31, 2016 | $0.007 | DailyAccrualFund |
Apr 29, 2016 | $0.008 | DailyAccrualFund |
Mar 31, 2016 | $0.007 | DailyAccrualFund |
Feb 29, 2016 | $0.007 | DailyAccrualFund |
Jan 29, 2016 | $0.006 | DailyAccrualFund |
Nov 30, 2015 | $0.006 | DailyAccrualFund |
Oct 30, 2015 | $0.005 | DailyAccrualFund |
Sep 30, 2015 | $0.004 | DailyAccrualFund |
Aug 31, 2015 | $0.004 | DailyAccrualFund |
Jul 31, 2015 | $0.004 | DailyAccrualFund |
Jun 30, 2015 | $0.005 | DailyAccrualFund |
May 29, 2015 | $0.004 | DailyAccrualFund |
Apr 30, 2015 | $0.005 | DailyAccrualFund |
Mar 31, 2015 | $0.005 | DailyAccrualFund |
Feb 27, 2015 | $0.004 | DailyAccrualFund |
Jan 30, 2015 | $0.005 | DailyAccrualFund |
Nov 28, 2014 | $0.005 | DailyAccrualFund |
Oct 31, 2014 | $0.004 | DailyAccrualFund |
Sep 30, 2014 | $0.005 | DailyAccrualFund |
Aug 29, 2014 | $0.003 | DailyAccrualFund |
Jul 31, 2014 | $0.004 | DailyAccrualFund |
Jun 30, 2014 | $0.005 | DailyAccrualFund |
May 30, 2014 | $0.004 | DailyAccrualFund |
Apr 30, 2014 | $0.005 | DailyAccrualFund |
Mar 31, 2014 | $0.005 | DailyAccrualFund |
Feb 28, 2014 | $0.005 | DailyAccrualFund |
Jan 31, 2014 | $0.005 | DailyAccrualFund |
Nov 29, 2013 | $0.005 | DailyAccrualFund |
Oct 31, 2013 | $0.005 | DailyAccrualFund |
Sep 30, 2013 | $0.005 | DailyAccrualFund |
Aug 30, 2013 | $0.005 | DailyAccrualFund |
Jul 31, 2013 | $0.005 | DailyAccrualFund |
Jun 28, 2013 | $0.005 | DailyAccrualFund |
May 31, 2013 | $0.006 | DailyAccrualFund |
Apr 30, 2013 | $0.006 | DailyAccrualFund |
Mar 28, 2013 | $0.004 | DailyAccrualFund |
Feb 28, 2013 | $0.007 | DailyAccrualFund |
Jan 31, 2013 | $0.005 | DailyAccrualFund |
Nov 30, 2012 | $0.006 | DailyAccrualFund |
Oct 31, 2012 | $0.007 | DailyAccrualFund |
Sep 28, 2012 | $0.005 | DailyAccrualFund |
Aug 31, 2012 | $0.005 | DailyAccrualFund |
PSDQX - Fund Manager Analysis
Managers
Michael Salm
Start Date
Tenure
Tenure Rank
Oct 17, 2011
10.63
10.6%
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.
Joanne Driscoll
Start Date
Tenure
Tenure Rank
Oct 17, 2011
10.63
10.6%
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
Apr 30, 2019
3.09
3.1%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 32.44 | 6.56 | 0.13 |