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Putnam Income M PNCMX

Analyst rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 5.30  /  0.19 %
  • Total Assets 1.6 Bil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 0.980%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 7.70%
  • Effective Duration 5.84 years

Morningstar’s Analysis PNCMX

Will PNCMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A mortgage-focused fund with high levels of mortgage credit and prepayment risks.

Senior Analyst

Summary

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Putnam Income’s complex, mortgage-focused portfolio is quite sensitive to securitized credit market swings and changes in mortgage prepayment speeds, and merits a Morningstar Analyst Rating of Neutral for most share classes, and Negative for its two most expensive classes.

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