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Putnam Global Income A PGGIX

Analyst rating as of

Morningstar’s Analysis

Will PGGIX 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.


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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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