Morningstar

Putnam Ultra Short Duration Income R6 PSDQX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.16  /  +0.14 %
  • Total Assets 9.6 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 0
  • Status Open
  • TTM Yield 5.33%
  • Effective Duration 0.53 years

USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 10:17 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.

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.

by Mike Mulach
Rated on Published on

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Portfolio Holdings PSDQX

More PSDQX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

AutoNation, Inc. 0%

1.02 96.9 Mil
Cash and Equivalents

TARGA RES CORP 0%

0.86 82.1 Mil
Cash and Equivalents

AVIATION CAP GROUP LLC 0%

0.77 73.7 Mil
Cash and Equivalents

Banque Federative du Credit Mutuel 5.78251%

0.74 70.4 Mil
Corporate

AES Corp. 0%

0.71 67.4 Mil
Cash and Equivalents

Cooperatieve Rabobank U.A. New York Branch 5.75352%

0.67 63.6 Mil
Corporate

National Australia Bank Ltd. 5.74559%

0.67 63.3 Mil
Corporate

HSBC USA, Inc. 5.625%

0.61 57.8 Mil
Corporate

Capital One Multi Asset Execution Trust 6.03137%

0.61 57.7 Mil
Securitized

Hyatt Hotels Corporation 1.8%

0.60 57.5 Mil
Cash and Equivalents

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