PHYBX Fees and Costs — Putnam High Yield Fund, Class B
Data updated: 2026-07-27
The net expense ratio is 1.80%: a 0.56% management fee, a 1.00% 12b-1 fee plus 0.24% other expenses. This share class carries a deferred sales charge of up to 5.00%. In fiscal 2025 the fund paid $8K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 45%.
PHYBX Fees and Expenses
Annual operating expenses and sales charges of PHYBX. Prospectus, as of March 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.56% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.80% |
| Fee waiver | — |
| Net expense ratio | 1.80% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 5.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PHYBX Costs Over Time
On $10,000 invested in PHYBX, assuming 5% a year before costs, total costs come to $1,109 over 5 years, cutting the return by 1.89% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $516 | $0 | $0 |
| Fund expenses (net expense ratio 1.80%) | $189 | $585 | $1,006 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $29 | $102 |
| Total costs | $705 | $614 | $1,109 |
| Value after costs | $9,795 | $10,962 | $11,654 |
| Impact on return, per year | 7.05% | 1.89% | 1.89% |
PHYBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0009%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 45%
- Securities lending: none during the year
PHYBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets Corp. | $4K | 46.84% |
| Jefferies LLC | $2K | 22.57% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $1K | 18.71% |
| Barclays Capital, Inc. | $815 | 10.39% |
| Goldman Sachs & Co. LLC | $116 | 1.48% |
PHYBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $251.5M | 19.55% |
| Goldman Sachs & Co. LLC | $200.9M | 15.61% |
| BofA Securities, Inc. | $183.8M | 14.28% |
| Morgan Stanley & Co. LLC | $166.1M | 12.91% |
| Barclays Capital, Inc. | $136.1M | 10.58% |
| Wells Fargo Securities, LLC | $104.3M | 8.11% |
| Citigroup Global Markets Inc. | $83.0M | 6.45% |
| Jefferies LLC | $68.8M | 5.34% |
| Deutsche Bank Securities Inc. | $54.3M | 4.22% |
| RBC Capital Markets, LLC | $37.9M | 2.95% |
Putnam High Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000202776 | Class R6 | 0.63% | none |
| C000015835 | Class Y | 0.74% | none |
| PHYIX | Class A | 0.99% | 4.00% |
| PHYMX | Class M | 1.24% | 3.25% |
| C000049233 | Class R | 1.24% | none |
| C000049232 | Class C | 1.74% | none |
| PHYBX | Class B | 1.80% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.