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Morningstar

Putnam Ultra Short Duration Income R6 PSDQX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 10.05  /  0.01 %
  • Total Assets 10.4 Bil
  • Adj. Expense Ratio
    0.290%
  • Expense Ratio 0.290%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Large
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 4.27%
  • Effective Duration 0.41 years

USD | NAV as of Sep 26, 2023 | 1-Day Return as of Sep 26, 2023, 10:24 PM GMT+0

Morningstar’s Analysis PSDQX

Will PSDQX 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 PSDQX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PSDQX 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 PSDQX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A compelling strategy to navigate the short-term bond markets.

Senior Analyst Peter Marchese

Peter Marchese

Senior Analyst

Summary

Putnam Ultra Short Duration Income’s experienced management team and robust, conservative process merits a Morningstar Analyst Rating of Bronze for its cheaper Y and R6 share classes, while its more expensive share classes are rated Neutral.

by Peter Marchese
Rated on Published on

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Portfolio Holdings PSDQX

More PSDQX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 341
  • Other Holdings 139
  • % Assets in Top 10 Holdings 5.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Energy Transfer LP 0%

1.05
110,918,438
Cash and Equivalents

Aviation Capital Group LLC 0%

0.95
100,258,455
Cash and Equivalents

AutoNation, Inc. 0%

0.88
93,660,170
Cash and Equivalents

FMC Corporation 0%

0.71
74,987,411
Cash and Equivalents

Massmutual Global Funding II 5.65%

0.71
74,762,622
Corporate

Bank of Nova Scotia 5.742%

0.70
73,943,227
Corporate

National Australia Bank Ltd. 5.67%

0.67
70,734,573
Corporate

Banque Federative du Credit Mutuel 5.745%

0.66
69,877,252
Corporate

BPCE SA 6.78%

0.66
69,777,326
Cash and Equivalents

ING Groep N.V. 6.533%

0.64
68,013,110
Corporate