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.
Putnam Global Income B PGLBX
NAV / 1-Day Return
11.63
/
0.17
%
Total Assets
234.5 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.640%
Expense Ratio
1.640%
Fee Level
Low
Longest Manager Tenure
14.58
years
Category
World Bond
Credit Quality / Interest Rate Sensitivity
Medium / ExtensiveMin. Initial Investment
0
Status
Open
TTM Yield
0.92%
Effective Duration
6.84
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
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.
