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Morningstar

Putnam Global Income A PGGIX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 9.52  /  0.11 %
  • Total Assets 145.8 Mil
  • Adj. Expense Ratio
    0.910%
  • Expense Ratio 0.910%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Global Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 1.79%
  • Effective Duration 6.03 years

USD | NAV as of Sep 28, 2023 | 1-Day Return as of Sep 28, 2023, 11:32 PM GMT+0

Morningstar’s Analysis PGGIX

Will PGGIX outperform in future?

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

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PGGIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PGGIX 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 PGGIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

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

Senior Analyst Peter Marchese

Peter Marchese

Senior Analyst

Summary

Putnam Global Income is not for the faint of heart. The experienced group of managers use an uncommon strategy that focuses on hedging or adding exposure to various risks and makes liberal use of derivatives to do so. However, the execution of this complex process has led to mediocre returns. Most of the share classes retain a Morningstar Analyst Rating of Neutral, while its most expensive B and C share classes have retained a Negative rating.

by Peter Marchese
Rated on Published on

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Portfolio Holdings PGGIX

More PGGIX Holdings
  • Current Portfolio Date
  • Equity Holdings 3
  • Bond Holdings 597
  • Other Holdings 277
  • % Assets in Top 10 Holdings 9.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association 6%

10.41
14,037,734
Securitized

US 5 Year Note (CBT) Dec13

4.60
6,201,469
Government

Government National Mortgage Association 4.5%

3.53
4,764,914
Securitized

Federal National Mortgage Association 3.5%

3.31
4,467,774
Securitized

Federal National Mortgage Association 2.5%

3.07
4,143,946
Securitized

US 10 Year Note (CBT) Dec13

3.05
4,108,156
Government

Federal National Mortgage Association 2%

2.95
3,980,322
Securitized

Federal National Mortgage Association 5.5%

2.93
3,951,250
Securitized

Government National Mortgage Association 4%

2.76
3,727,556
Securitized

Federal National Mortgage Association 4%

2.74
3,692,500
Securitized