Putnam Short Duration Bond Fund (PARYX)
The investment seeks as high a rate of current income as Putnam Management believes is consistent with preservation of capital. The fund invests in a diversified portfolio of fixed income securities. Its investments may include corporate credit, including investment-grade debt, below-investment-grade debt, bank loans and structured credit; sovereign debt, including obligations of governments in developed and emerging markets; and securitized assets, including asset-backed securities, residential mortgage-backed securities, commercial mortgage-backed securities and collateralized mortgage obligations.
Fund Info
| ISIN | US7467643802 |
|---|---|
| Issuer | Putnam |
| Inception Date | Dec 23, 2008 |
| Category | Short-Term Bond |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
PARYX features an expense ratio of 0.37%, falling within the medium range.
Share Price Chart
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Popular comparisons: PARYX vs. FTSM
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Putnam Short Duration Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Putnam Short Duration Bond Fund had a return of 4.82% year-to-date (YTD) and 7.17% in the last 12 months. Over the past 10 years, Putnam Short Duration Bond Fund had an annualized return of 2.34%, while the S&P 500 had an annualized return of 11.31%, indicating that Putnam Short Duration Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.82% | 24.72% |
| 1 month | -0.05% | 2.30% |
| 6 months | 3.20% | 12.31% |
| 1 year | 7.17% | 32.12% |
| 5 years (annualized) | 2.28% | 13.81% |
| 10 years (annualized) | 2.34% | 11.31% |
Monthly Returns
The table below presents the monthly returns of PARYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.64% | -0.17% | 0.55% | -0.17% | 0.87% | 0.45% | 1.29% | 0.97% | 0.87% | -0.45% | 4.82% | ||
| 2023 | 1.39% | -0.69% | 1.09% | 0.68% | -0.21% | -0.11% | 0.63% | 0.43% | 0.01% | 0.12% | 1.69% | 1.39% | 6.58% |
| 2022 | -0.75% | -0.56% | -1.37% | -0.77% | 0.36% | -1.08% | 0.90% | -0.64% | -1.25% | -0.30% | 1.19% | 0.22% | -4.01% |
| 2021 | 0.25% | 0.16% | -0.05% | 0.25% | 0.25% | 0.05% | 0.15% | 0.06% | 0.05% | -0.45% | -0.17% | -0.15% | 0.41% |
| 2020 | 0.70% | 0.60% | -3.97% | 1.94% | 1.23% | 1.15% | 0.37% | 0.33% | 0.14% | 0.14% | 0.45% | 0.36% | 3.37% |
| 2019 | 0.86% | 0.46% | 0.66% | 0.36% | 0.55% | 0.55% | 0.06% | 0.55% | 0.06% | 0.25% | 0.22% | 0.22% | 4.90% |
| 2018 | 0.50% | 0.00% | 0.20% | 0.20% | 0.20% | 0.10% | 0.19% | 0.25% | 0.15% | -0.14% | 0.16% | 0.40% | 2.23% |
| 2017 | 0.91% | 0.40% | 0.30% | 0.10% | 0.10% | 0.20% | 0.30% | 0.10% | 0.59% | 0.10% | 0.10% | 0.23% | 3.48% |
| 2016 | -0.81% | -0.91% | 0.82% | 0.81% | 0.20% | 0.10% | 0.81% | 0.60% | 0.10% | 0.00% | 0.30% | 0.42% | 2.44% |
| 2015 | -0.10% | 0.40% | 0.00% | 0.20% | 0.00% | 0.00% | -0.20% | -0.20% | -0.39% | 0.20% | 0.10% | -0.26% | -0.26% |
| 2014 | -0.00% | 0.29% | 0.20% | 0.20% | 0.10% | 0.29% | -0.10% | -0.10% | 0.29% | -0.10% | 0.00% | -0.09% | 0.99% |
| 2013 | 0.49% | 0.10% | 0.20% | 0.39% | 0.19% | -0.29% | -0.10% | 0.10% | 0.00% | 0.39% | 0.29% | 0.26% | 2.04% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PARYX is 94, placing it in the top 6% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Putnam Short Duration Bond Fund (PARYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Putnam Short Duration Bond Fund provided a 4.53% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.38 | $0.21 | $0.18 | $0.22 | $0.30 | $0.21 | $0.25 | $0.27 | $0.18 | $0.16 | $0.17 |
Dividend yield | 4.53% | 3.93% | 2.25% | 1.79% | 2.11% | 2.98% | 2.11% | 2.54% | 2.75% | 1.86% | 1.56% | 1.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Short Duration Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.00 | $0.34 | |
| 2023 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.38 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.21 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.18 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.22 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.30 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.21 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2013 | $0.17 | $0.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Short Duration Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam Short Duration Bond Fund was 7.68%, occurring on Mar 24, 2020. Recovery took 87 trading sessions.
The current Putnam Short Duration Bond Fund drawdown is 0.55%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.68% | Mar 6, 2020 | 13 | Mar 24, 2020 | 87 | Jul 28, 2020 | 100 |
| -6.76% | Oct 4, 2021 | 265 | Oct 20, 2022 | 279 | Nov 30, 2023 | 544 |
| -4.78% | May 13, 2011 | 156 | Dec 22, 2011 | 266 | Jan 17, 2013 | 422 |
| -2.54% | Jun 29, 2015 | 165 | Feb 23, 2016 | 104 | Jul 21, 2016 | 269 |
| -1.75% | Dec 4, 2014 | 12 | Dec 19, 2014 | 46 | Feb 27, 2015 | 58 |
Volatility
Volatility Chart
The current Putnam Short Duration Bond Fund volatility is 0.61%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.