Putnam High Yield Fund
Data updated: 2026-07-27
C000049233 — Putnam High Yield Fund. Intermediate Corporate Bond · $831.18M AUM · 1.24% expense ratio. Holdings, fees, performance and SEC filings.
C000049233 Fund Overview
Putnam High Yield Fund is a US mutual fund managed by Putnam High Yield Fund, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Putnam High Yield Fund
- Category: Intermediate Corporate Bond
- Assets under management: $831.18M
- 1-year return: 8.0%
- SEC CIK: 0000787836
- SEC series ID: S000005762
- Share class ID: C000049233
C000049233 Investment Objective and Strategy
Putnam High Yield Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Putnam High Yield Fund.
Investment objective
Putnam High Yield Fund seeks high current income.
Principal investment strategy
We invest mainly in bonds that are obligations of U.S. companies, are below investment-grade in quality (sometimes referred to as junk bonds), and have intermediate- to long-term maturities (three years or longer). Under normal circumstances, we invest at least 80% of the funds net assets in securities rated below investment-grade. This policy may be changed only after 60 days notice to shareholders. We may also invest in other debt instruments, including loans. 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 swap contracts, for both hedging and non-hedging purposes.
C000049233 Holdings
Top 10 holdings of Putnam High Yield Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Putnam Short Term Investment Fund | 2.89% |
| Kedrion SpA | 0.83% |
| CCO Holdings LLC / CCO Holdings Capital Corp. | 0.80% |
| Jane Street Group / JSG Finance, Inc. | 0.76% |
| APLD ComputeCo LLC | 0.74% |
| Edged Compute LLC | 0.72% |
| RR Donnelley & Sons Co. | 0.71% |
| PHH Escrow Issuer LLC | 0.69% |
| Rain Carbon, Inc. | 0.68% |
| DaVita, Inc. | 0.68% |
C000049233 Portfolio Allocation
Asset-class allocation of Putnam High Yield Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 89.9% |
| Loans | 4.2% |
| Other | 2.9% |
| Equity | 1.5% |
| Cash & Equivalents | 0.1% |
C000049233 Performance
Total returns for C000049233 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.0% |
| 1 year | 8.0% |
| 3 years (annualised) | 8.8% |
| 5 years (annualised) | 3.7% |
C000049233 Risk Information
Risk metrics for C000049233, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.9%
C000049233 Costs and Fees
C000049233 costs about $124 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.24%
- Gross expense ratio: 1.24%
- Portfolio turnover: 45%
- Brokerage commissions: 0.09 bps of average net assets (SEC N-CEN)
C000049233 Cashflows
Over the 12 months to 2026-05, Putnam High Yield Fund had net outflows of $54.59M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$2.41M |
| 2026-04 | $32.71K |
| 2026-03 | −$22.43M |
| 2026-02 | −$3.97M |
| 2026-01 | −$5.74M |
| 2025-12 | −$2.66M |
C000049233 Debt Constituents
Largest debt holdings of Putnam High Yield Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Kedrion SpA | 0.83% |
| CCO Holdings LLC / CCO Holdings Capital Corp. | 0.80% |
| Jane Street Group / JSG Finance, Inc. | 0.76% |
| APLD ComputeCo LLC | 0.74% |
| Edged Compute LLC | 0.72% |
| RR Donnelley & Sons Co. | 0.71% |
| PHH Escrow Issuer LLC | 0.69% |
| Rain Carbon, Inc. | 0.68% |
| DaVita, Inc. | 0.68% |
| Opal Bidco SAS | 0.67% |
C000049233 Prospectus and SEC Filings
Official Putnam High Yield Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-03-25
- Prospectus (485BPOS) — filed 2025-03-27
- Prospectus (485BPOS) — filed 2024-03-28
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-23
- Portfolio holdings (N-PORT) — filed 2026-01-27
- Annual census (N-CEN) — filed 2026-02-06
- Annual census (N-CEN) — filed 2025-02-06
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.