Putnam Ultra Short Duration Income Fund (PSDYX)
The fund invests in a diversified portfolio of fixed income securities comprised of short duration, investment-grade money market and other fixed income securities. It may also invest in U.S. dollar-denominated foreign securities of these types. Under normal circumstances, the effective duration of the fund's portfolio will generally not be greater than one year.
Fund Info
| ISIN | US74676P6988 |
|---|---|
| Issuer | Putnam |
| Inception Date | Oct 17, 2011 |
| Category | Ultrashort Bond |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
PSDYX features an expense ratio of 0.30%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: PSDYX vs. FTSM, PSDYX vs. JPST, PSDYX vs. ITOT, PSDYX vs. ICSH, PSDYX vs. SPY, PSDYX vs. PULS
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Putnam Ultra Short Duration Income 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 Ultra Short Duration Income Fund had a return of 4.82% year-to-date (YTD) and 6.18% in the last 12 months. Over the past 10 years, Putnam Ultra Short Duration Income Fund had an annualized return of 2.11%, while the S&P 500 had an annualized return of 11.39%, indicating that Putnam Ultra Short Duration Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.82% | 25.48% |
| 1 month | 0.33% | 2.14% |
| 6 months | 3.00% | 12.76% |
| 1 year | 6.18% | 33.14% |
| 5 years (annualized) | 2.76% | 13.96% |
| 10 years (annualized) | 2.11% | 11.39% |
Monthly Returns
The table below presents the monthly returns of PSDYX, 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 | 0.55% | 0.33% | 0.45% | 0.34% | 0.58% | 0.42% | 0.66% | 0.58% | 0.61% | 0.23% | 4.82% | ||
| 2023 | 0.76% | 0.34% | 0.12% | 0.56% | 0.41% | 0.43% | 0.59% | 0.43% | 0.44% | 0.33% | 0.74% | 0.75% | 6.06% |
| 2022 | 0.03% | -0.07% | -0.26% | -0.04% | 0.08% | -0.20% | 0.14% | 0.38% | 0.03% | 0.14% | 0.40% | 0.44% | 1.08% |
| 2021 | 0.04% | 0.04% | -0.06% | 0.14% | 0.03% | 0.03% | -0.07% | 0.02% | 0.03% | 0.03% | -0.08% | -0.07% | 0.08% |
| 2020 | 0.28% | 0.15% | -1.74% | 1.36% | 0.62% | 0.38% | 0.16% | 0.15% | 0.05% | 0.04% | 0.04% | 0.04% | 1.50% |
| 2019 | 0.33% | 0.31% | 0.24% | 0.33% | 0.25% | 0.21% | 0.22% | 0.23% | 0.18% | 0.19% | 0.18% | 0.17% | 2.87% |
| 2018 | 0.24% | 0.04% | 0.17% | 0.17% | 0.19% | 0.20% | 0.19% | 0.22% | 0.17% | 0.20% | 0.12% | 0.01% | 1.93% |
| 2017 | 0.19% | 0.08% | 0.10% | 0.09% | 0.10% | 0.11% | 0.21% | 0.11% | 0.12% | 0.12% | 0.12% | 0.03% | 1.38% |
| 2016 | -0.04% | 0.07% | 0.17% | 0.18% | 0.07% | 0.07% | 0.18% | 0.08% | 0.08% | 0.07% | 0.08% | 0.08% | 1.09% |
| 2015 | 0.05% | 0.04% | 0.05% | 0.05% | 0.04% | -0.05% | 0.04% | 0.04% | -0.06% | 0.05% | 0.06% | 0.06% | 0.37% |
| 2014 | 0.05% | 0.05% | 0.05% | 0.05% | 0.14% | 0.05% | 0.04% | 0.04% | 0.04% | -0.06% | 0.05% | 0.03% | 0.53% |
| 2013 | 0.05% | 0.07% | 0.05% | 0.06% | 0.06% | -0.14% | 0.15% | 0.05% | 0.15% | 0.05% | 0.16% | 0.09% | 0.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PSDYX is 98, placing it in the top 2% 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 Ultra Short Duration Income Fund (PSDYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Putnam Ultra Short Duration Income Fund provided a 5.28% dividend yield over the last twelve months, with an annual payout of $0.53 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 | $0.53 | $0.49 | $0.18 | $0.04 | $0.11 | $0.25 | $0.22 | $0.13 | $0.09 | $0.06 | $0.06 | $0.07 |
Dividend yield | 5.28% | 4.85% | 1.77% | 0.38% | 1.09% | 2.52% | 2.21% | 1.27% | 0.89% | 0.57% | 0.63% | 0.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Ultra Short Duration Income 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 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.00 | $0.45 | |
| 2023 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.49 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.11 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2015 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.06 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.06 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 |
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 Ultra Short Duration Income 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 Ultra Short Duration Income Fund was 2.58%, occurring on Mar 24, 2020. Recovery took 45 trading sessions.
The current Putnam Ultra Short Duration Income Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.58% | Mar 9, 2020 | 12 | Mar 24, 2020 | 45 | May 28, 2020 | 57 |
| -0.71% | Nov 10, 2021 | 153 | Jun 21, 2022 | 92 | Oct 31, 2022 | 245 |
| -0.5% | Mar 14, 2023 | 10 | Mar 27, 2023 | 4 | Mar 31, 2023 | 14 |
| -0.2% | Dec 4, 2018 | 3 | Dec 7, 2018 | 15 | Dec 31, 2018 | 18 |
| -0.2% | May 4, 2023 | 16 | May 25, 2023 | 3 | May 31, 2023 | 19 |
Volatility
Volatility Chart
The current Putnam Ultra Short Duration Income Fund volatility is 0.47%, 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.