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.
Putnam Ultra Short Duration Income R PSDRX
- NAV / 1-Day Return 10.08 / +0.01 %
- Total Assets 9.9 Bil
-
Adj. Expense Ratio
- 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.
People Pillar
Parent Pillar
- 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 |