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Morningstar

Putnam Global Income B PGLBX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 10.16  /  0.69 %
  • Total Assets 146.5 Mil
  • Adj. Expense Ratio
    1.660%
  • Expense Ratio 1.630%
  • Distribution Fee Level Low
  • Share Class Type —
  • Category Global Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 1.26%
  • Effective Duration 6.02 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:59 PM GMT+00:00

Morningstar’s Analysis PGLBX

Will PGLBX 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 PGLBX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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

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

Senior Analyst

Summary

| by Peter Marchese

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 manager in March 2022, and the team’s execution of its somewhat complex investment process has led to mediocre returns relative to its Bloomberg Global Aggregate Index benchmark over the past five years ending Jan. 31, 2022. Most of the share classes of the Putnam Global Income Trust mutual fund retain a Morningstar Analyst Rating of Neutral, while its most expensive B and C share classes have retained a Negative rating.

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