Morningstar

Putnam Income Fund Class R PIFRX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $4.84  /  −0.21 %
  • Fund Size $867.0M
  • Adjusted Expense Ratio 0.990%
  • Net Expense Ratio 0.990%
  • Fee Level: Distribution Above Average
  • Share Class Type Retirement, Medium
  • Morningstar Category Intermediate Core-Plus Bond
  • Fixed-Income Style Box (Funds) Medium/Moderate
  • Minimum Initial Investment $0
  • Investment Status Closed
  • TTM Yield 4.59%
  • Average Effective Duration 5.96 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PIFRX

Will PIFRX outperform in the 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 PIFRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

Recalibrating

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

Putnam Income is undergoing a meaningful transformation following Franklin Templeton’s early 2024 acquisition of Putnam Investments. While the integration has expanded resources here, the changes to this strategy’s investment focus and management team are still fresh. While the shifts could enhance and broaden the strategy’s appeal, execution will be key.

by Saraja Samant
Rated on Published on

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Portfolio Holdings PIFRX

More PIFRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Putnam Fds Tr

4.62 38M
—

Franklin Ultra Short Bond ETF

3.11 25M
—

Federal National Mortgage Association 2%

2.93 24M
Securitized

Federal National Mortgage Association 6%

2.54 21M
Securitized

Government National Mortgage Association 5.5%

2.52 21M
Securitized

United States Treasury Bills 0%

1.90 15M
Government

Securitized Cash Collateral - Usd 02/20/2049 Usd

1.80 15M
Cash and Equivalents

Federal National Mortgage Association 2.5%

1.65 13M
Securitized

Federal National Mortgage Association 5%

1.65 13M
Securitized

Federal National Mortgage Association 3%

1.21 10M
Securitized

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