Morningstar

Putnam Income A PINCX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 5.40  /  −0.37 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.760%
  • Expense Ratio 0.760%
  • Distribution Fee Level Average
  • 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 7.33%
  • Effective Duration 6.11 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 12:18 AM GMT+0

Morningstar’s Analysis PINCX

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

  • People Pillar

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

A unique approach but, it entails higher tail risks.

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

An experienced team manages Putnam Income’s mortgage-focused approach, but the use of niche securitized instruments often leads to greater volatility than peers.

by Saraja Samant
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PINCX

More PINCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 59.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

5 Year Treasury Note Future Dec 24

14.03 167.9 Mil
Government

Ultra US Treasury Bond Future Dec 24

7.65 91.6 Mil
Government

Government National Mortgage Association 4.5%

5.81 69.6 Mil
Securitized

Federal National Mortgage Association 2%

5.61 67.1 Mil
Securitized

Federal National Mortgage Association 2.5%

5.56 66.5 Mil
Securitized

Ultra 10 Year US Treasury Note Future Dec 24

5.55 66.5 Mil
Government

2 Year Treasury Note Future Dec 24

4.49 53.8 Mil
Government

10 Year Treasury Note Future Dec 24

4.17 50.0 Mil
Government

Government National Mortgage Association 4%

3.83 45.9 Mil
Securitized

Federal National Mortgage Association 6%

2.81 33.6 Mil
Securitized

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