Morningstar

Putnam High Yield Fund Class A PHYIX

Medalist Rating as of Aug 31, 2026 See Franklin Templeton Investment Hub

Strategy

The investment seeks high current income, and capital growth is a secondary goal when consistent with achieving high current income. The fund invests mainly in bonds that are obligations of U.S. companies, are below investment-grade in quality, and have intermediate- to long-term maturities. Under normal circumstances, it invests at least 80% of its net assets in securities rated below-investment-grade. The adviser 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. The fund may also invest in other debt instruments, including loans.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PHAYX	Putnam High Yield Fund Class Y	Institutional	Open			Dec 31, 1998	$201.96M	0.740%	Above Average	$0	−$32.77M
PHYIX	Putnam High Yield Fund Class A	Front Load	Open			Mar 25, 1986	$540.64M	0.990%	Average	$0	−$35.06M
PHYMX	Putnam High Yield Fund Class M	Front Load	Open			Dec 1, 1994	$35.00M	1.240%	High	$0	−$2.99M
PHYLX	Putnam High Yield Fund Class C	Level Load	Open			Mar 30, 2007	$5.13M	1.740%	Above Average	$0	−$336,639.74
PHYUX	Putnam High Yield Fund Class R6 Shares	Retirement, Large	Open			May 22, 2018	$12.54M	0.630%	Above Average	$0	$3.37M
PFJAX	Putnam High Yield Fund Class R	Retirement, Medium	Open			Mar 30, 2007	$11.18M	1.240%	Above Average	$0	−$919,970.61

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