Welded joint generally has heterogeneity of strength, material, and fracture toughness and it is important to understand the characteristics of material strength and fracture of welded joint considering heterogeneous effect. Characteristics of strength and fracture of an undermatched joint under dynamic loading was studied by round-bar tension tests and thermal elastic-plastic analyses in this paper. The strength and fracture of the undermatched joints should be evaluated based on the effects of the strain rate and the temperature including temperature rise during the dynamic loading. The differences of fracture characteristics like such as ductile-to-brittle transition behavior are well precisely explained from the stress-strain distribution obtained by numerical analysis.