Morningstar

Putnam Income Fund Class R6 PINHX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return$5.03  /  0.00
  • Fund Size$835.2M
  • Adjusted Expense Ratio0.380%
  • Net Expense Ratio0.380%
  • Fee Level: DistributionAverage
  • Share Class TypeRetirement, Large
  • Morningstar CategoryIntermediate Core-Plus Bond
  • Fixed-Income Style Box (Funds)Medium/Moderate
  • Minimum Initial Investment$0
  • Investment StatusClosed
  • TTM Yield4.69%
  • Average Effective Duration5.96 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PINHX

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

  • People Pillar

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

More PINHX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings22.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Putnam Fds Tr

4.6238M
—

Franklin Ultra Short Bond ETF

3.1125M
—

Federal National Mortgage Association 2%

2.9324M
Securitized

Federal National Mortgage Association 6%

2.5421M
Securitized

Government National Mortgage Association 5.5%

2.5221M
Securitized

United States Treasury Bills 0%

1.9015M
Government

Securitized Cash Collateral - Usd 02/20/2049 Usd

1.8015M
Cash and Equivalents

Federal National Mortgage Association 2.5%

1.6513M
Securitized

Federal National Mortgage Association 5%

1.6513M
Securitized

Federal National Mortgage Association 3%

1.2110M
Securitized

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