Skip to Content
ETFs

Putnam ESG High Yield ETF

PHYD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 19 2023
Expense Ratio
0.55%
Type
US Bonds
Fund Owner
Putnam Investments
Volume (1m avg. daily)
$174,453
AUM
$104,125,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Net Cash
5.69%
CSTM5002699
CONSTELLIUM SE P/P 144A 05.6250 06/15/2028
0.88%
SU5150122
SENSATA TECH BV P/P 144A 04.0000 04/15/2029
0.81%
ERI5257445
CAESARS ENT INC. P/P 144A 04.6250 10/15/2029
0.74%
GPK5299693
GRAPHIC PACKAGING IN P/P 144A 03.7500 02/01/2030
0.73%
CLH5527919
CLEAN HARBORS INC P/P 144A 06.3750 02/01/2031
0.72%
CHTR4885914
CCO HOLDINGS LLC P/P 144A 04.7500 03/01/2030
0.71%
IMLR5160973
IMOLA MERGER CORP P/P 144A 04.7500 05/15/2029
0.68%
n/a
ZI TECH/ZI FIN P/P 144A 03.8750 02/01/2029
0.67%
BYD5193292
BOYD GAMING CORP P/P 144A 04.7500 06/15/2031
0.67%
Invest with PHYD

What is PHYD?

The fund invests mainly in bonds that are below investment grade in quality (sometimes referred to as "junk bonds") with a focus on companies or issuers that Putnam Investment Management, LLC ("Putnam Management"), the fund's investment manager, believes meet relevant environmental, social or governance ("ESG") criteria on a sector-specific basis ("ESG criteria"). The fund invests mainly in bonds that also have one or more of the following characteristics: (1) are obligations of U.S. companies or issuers and (2) have intermediate- to long-term maturities (three years or longer). The fund invests with a focus on companies or issuers that Putnam Management believes meet relevant environmental, social or governance ("ESG") criteria on a sector-specific basis ("ESG criteria"). The fund may consider, among other factors, a company's or issuer's ESG criteria (as described below), credit, interest rate, liquidity and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.

ETFs related toPHYD

ETFs correlated to PHYD include JNK, USHY, UJB

PHYD
Putnam ETF Trust - Putnam ESG High Yield ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
SPHY
SPDR Series Trust - SPDR Portfolio High Yield Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
FDHY
Fidelity Covington Trust - Fidelity High Yield Factor ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPHYD

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with PHYD using Composer

FAQ

PHYD is a US Bonds ETF. The fund invests mainly in bonds that are below investment grade in quality (sometimes referred to as "junk bonds") with a focus on companies or issuers that Putnam Investment Management, LLC ("Putnam Management"), the fund's investment manager, believes meet relevant environmental, social or governance ("ESG") criteria on a sector-specific basis ("ESG criteria"). The fund invests mainly in bonds that also have one or more of the following characteristics: (1) are obligations of U.S. companies or issuers and (2) have intermediate- to long-term maturities (three years or longer). The fund invests with a focus on companies or issuers that Putnam Management believes meet relevant environmental, social or governance ("ESG") criteria on a sector-specific basis ("ESG criteria"). The fund may consider, among other factors, a company's or issuer's ESG criteria (as described below), credit, interest rate, liquidity and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.

Yes, PHYD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PHYD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PHYD is -0.0015%. This is the percent change in the value of PHYD over the most recent 1-month period. The 3-month return on PHYD is 0.0109%. This is the percent change in the value of PHYD over the most recent 3-month period.

ETFs similar to PHYD include IGSB, SPIB, and VCIT.

ETFs correlated to PHYD include JNK, USHY, and UJB.

ETFs that are inversely correlated to PHYD include SJB, SPDN, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.