Putnam Income’s complex, mortgage-focused, derivative-heavy portfolio makes it more sensitive to credit market swings and still merits a Morningstar Analyst Rating of Neutral for most share classes; its two most expensive classes drop to Negative.
Morningstar’s Fund Analysis PUICX
Will PUICX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PUICX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PUICX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PUICX’s parent organization’s priorities and whether they’re in line with investors’ interests.