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Morningstar

Putnam Short Duration Bond C PARQX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 9.67  /  0.01 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    1.370%
  • Expense Ratio 1.370%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.52%
  • Effective Duration 1.78 years

USD | NAV as of Dec 06, 2023 | 1-Day Return as of Dec 06, 2023, 11:15 PM GMT+0

Morningstar’s Analysis PARQX

Will PARQX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PARQX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PARQX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of PARQX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Putnam Short Duration Bond C's Average People Pillar and Process Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PARQX

More PARQX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 390
  • Other Holdings 62
  • % Assets in Top 10 Holdings 10.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Cash

2.74
33,567,706
Cash and Equivalents

Bank of America Corporation 4.45%

2.50
30,653,093
Corporate

Banco Santander, S.A. 1.722%

1.39
16,988,938
Corporate

Bank of America Corporation 4.2%

1.17
14,329,731
Corporate

General Motors Financial Company Inc 1.5%

1.08
13,241,476
Corporate

Goldman Sachs Group, Inc. 1.948%

1.07
13,155,233
Corporate

Credit Suisse AG New York Branch 1.25%

1.01
12,377,154
Corporate

VMware Inc 1.4%

1.01
12,322,494
Corporate

Athene Global Funding 1.73%

0.85
10,465,558
Corporate

Morgan Stanley 3.875%

0.85
10,396,762
Corporate