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Morningstar

Putnam Income Y PNCYX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 5.39  /  0.56 %
  • Total Assets 1.3 Bil
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.500%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 9.57%
  • Effective Duration 6.08 years

USD | NAV as of Nov 29, 2023 | 1-Day Return as of Nov 29, 2023, 11:21 PM GMT+0

Morningstar’s Analysis PNCYX

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

People Pillar

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

Unique and difficult to use.

Senior Analyst Mike Mulach

Mike Mulach

Senior Analyst

Summary

Putnam Income's complex, mortgage-focused portfolio is sensitive to securitized credit market swings and changes in mortgage prepayment speeds.

by Mike Mulach
Rated on Published on

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Portfolio Holdings PNCYX

More PNCYX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1297
  • Other Holdings 141
  • % Assets in Top 10 Holdings 72.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

5 Year Treasury Note Future Dec 23

14.56
183,042,938
Government

Federal National Mortgage Association 6%

9.29
116,756,256
Securitized

10 Year Treasury Note Future Dec 23

8.06
101,394,141
Government

Ultra US Treasury Bond Future Dec 23

7.40
93,089,188
Government

Federal National Mortgage Association 2.5%

6.64
83,525,512
Securitized

2 Year Treasury Note Future Dec 23

6.58
82,790,547
Government

Federal National Mortgage Association 2%

6.19
77,805,240
Securitized

Ultra 10 Year US Treasury Note Future Dec 23

5.38
67,691,094
Government

Government National Mortgage Association 4.5%

5.10
64,081,014
Securitized

Government National Mortgage Association 4%

3.35
42,168,610
Securitized