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Putnam Ultra Short Duration Income R PSDRX

Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.08  /  +0.01 %
  • Total Assets 9.9 Bil
  • Adj. Expense Ratio
    0.820%
  • Expense Ratio 0.820%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment
  • Status Open
  • TTM Yield 4.54%
  • Effective Duration 0.47 years

USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:23 PM GMT+0

Morningstar’s Analysis PSDRX

Will PSDRX outperform in future?

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

Remains a top conservative pick for ultrashort bond exposure.

Senior Analyst Mike Mulach

Mike Mulach

Senior Analyst

Summary

We have qualitatively reviewed this strategy and reaffirmed its Above Average Process and People ratings. Longtime lead manager Joanne Driscoll’s focus on providing a more conservative approach to short-term bond markets should continue to serve investors well. The following text is from Feb. 22, 2023.

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Portfolio Holdings PSDRX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 5.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

1.07 105.4 Mil
Government

AutoNation, Inc. 0%

0.99 97.2 Mil
Cash and Equivalents

AVIATION CAPITAL GROUP LLC 0%

0.91 89.9 Mil
Cash and Equivalents

FMC Corp. 0%

0.87 85.6 Mil
Cash and Equivalents

Targa Resources Corp 87613Ec11 Dcp 03/01/2024

0.80 79.2 Mil
Cash and Equivalents

Massmutual Global Funding II 5.705%

0.76 74.8 Mil
Cash and Equivalents

Bank of Nova Scotia 5.79%

0.75 74.0 Mil
Corporate

Banque Federative du Credit Mutuel 5.755%

0.71 70.4 Mil
Corporate

Cooperatieve Rabobank U.A. New York Branch 5.725%

0.65 63.7 Mil
Corporate

National Australia Bank Ltd. 5.725%

0.64 63.4 Mil
Corporate