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.
Will PGBRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PGBRX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PGBRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PGBRX’s parent organization’s priorities and whether they’re in line with investors’ interests.