Morningstar

Putnam Income Fund Class R5 PINFX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 5.14  /  0.00
  • Total Assets 966.7M
  • Adj. Expense Ratio
    0.450%
  • Expense Ratio 0.450%
  • Distribution Fee Level Above Average
  • Share Class Type Retirement, Large
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.74%
  • Effective Duration 5.66 years

USD | NAV as of Jul 17, 2026 | 1-Day Return as of Jul 17, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PINFX

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

  • People Pillar

    The People Pillar is our evaluation of the PINFX 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 PINFX’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 PINFX

More PINFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 29.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association 2%

5.38 51M
Securitized

Putnam Fds Tr

4.68 44M
—

Federal National Mortgage Association 2.5%

3.98 38M
Securitized

Government National Mortgage Association 5.5%

3.96 38M
Securitized

Franklin Ultra Short Bond ETF

2.67 25M
—

Federal National Mortgage Association 4.5%

2.56 24M
Securitized

Federal National Mortgage Association 6%

2.47 24M
Securitized

United States Treasury Bills 0%

1.64 16M
Government

Federal National Mortgage Association 3%

1.39 13M
Securitized

Government National Mortgage Association 6.5%

1.20 11M
Securitized

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