Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Putnam Short Duration Bond R PRARX
- NAV / 1-Day Return 9.75 / +0.22 %
- Total Assets 1.3 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.870%
- Distribution Fee Level Below Average
- Share Class Type Retirement, Medium
- Category Short-Term Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment —
- Status Open
- TTM Yield 3.72%
- Effective Duration 1.71 years
USD | NAV as of Apr 29, 2024 | 1-Day Return as of Apr 29, 2024, 10:15 PM GMT+0
Morningstar’s Analysis PRARX
Will PRARX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 9.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Net Cash | 5.46 | 70.2 Mil | Cash and Equivalents |
Bank of America Corp. 6.204% | 1.67 | 21.5 Mil | Corporate |
Banco Santander, S.A. 1.722% | 1.39 | 17.9 Mil | Corporate |
Bank of America Corp. 4.2% | 1.13 | 14.5 Mil | Corporate |
General Motors Financial Company Inc 1.5% | 1.07 | 13.8 Mil | Corporate |
Goldman Sachs Group, Inc. 1.948% | 1.07 | 13.8 Mil | Corporate |
Targa Resources Corp 87613Ed10 Dcp 04/01/2024 | 1.00 | 12.8 Mil | Cash and Equivalents |
Aviation Capital Group LLC 0% | 1.00 | 12.8 Mil | Cash and Equivalents |
VMware Inc 1.4% | 0.99 | 12.8 Mil | Corporate |
Athene Global Funding 1.73% | 0.85 | 10.9 Mil | Corporate |