The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PGGDX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the PGGDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of PGGDX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Complicated without reason.
Saraja Samant
Analyst
Summary
A newly assembled management team and an unnecessarily complex approach undermine our confidence in Putnam Global Income.