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Putnam Global Income R PGBRX

Analyst rating as of
NAV / 1-Day Return
11.98  /  0.28 %
Total Assets
242.7 Mil
Adj. Expense Ratio
1.140%
Expense Ratio
1.140%
Fee Level
Average
Longest Manager Tenure
14.33 years
Category
World Bond
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Min. Initial Investment
0
Status
Open
TTM Yield
1.42%
Effective Duration
6.00 years
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Morningstar’s Analysis

Will PGBRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A heavier focus on mortgage credit than most world bond funds.

Summary

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Putnam Global Income is run by an experienced group of portfolio managers with a wide range of sector expertise. However, it is losing a longtime lead manager in mid-2021, and its investment process is complex and has resulted in some steep drawdowns. Despite a notable fee cut of 34 basis points across all share classes in 2020, most of its share classes retain a Morningstar Analyst Rating of Neutral, while its most expensive B and C share classes are downgraded to Negative.

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