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Trending ETFs

PUTNAM INCOME FUND

mutual fund
PIFRX
Payout Change
Pending
Price as of:
$5.16 +0.01 +0.19%
primary theme
U.S. Intermediate-Term Bond Duration
PIFRX (Mutual Fund)

PUTNAM INCOME FUND

Payout Change
Pending
Price as of:
$5.16 +0.01 +0.19%
primary theme
U.S. Intermediate-Term Bond Duration
PIFRX (Mutual Fund)

PUTNAM INCOME FUND

Payout Change
Pending
Price as of:
$5.16 +0.01 +0.19%
primary theme
U.S. Intermediate-Term Bond Duration

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PUTNAM INCOME FUND

PIFRX | Fund

$5.16

$1.32 B

4.65%

$0.24

1.13%

Vitals

YTD Return

-0.2%

1 yr return

1.6%

3 Yr Avg Return

-3.8%

5 Yr Avg Return

-0.2%

Net Assets

$1.32 B

Holdings in Top 10

83.8%

52 WEEK LOW AND HIGH

$5.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.13%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

PUTNAM INCOME FUND

PIFRX | Fund

$5.16

$1.32 B

4.65%

$0.24

1.13%

PIFRX - Profile

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return -3.8%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.05%
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PUTNAM INCOME FUND
  • Fund Family Name
    Putnam Family of Funds
  • Inception Date
    Jul 30, 2003
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Salm

Fund Description

Investments

We invest mainly in bonds that are securitized debt instruments (such as mortgage-backed investments) and related derivative instruments, and other obligations of companies and governments worldwide denominated in U.S. dollars or (to a lesser extent) foreign currencies, are either investment-grade or below-investment-grade in quality (sometimes referred to as “junk bonds”) and have intermediate- to long-term maturities (three years or longer). The fund currently has significant investment exposure to residential and commercial mortgage-backed securities. We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments. We typically use to a significant extent derivatives, including credit default swaps, interest rate swaps, total return swaps, to-be-announced (TBA) commitments, futures, options, and swaptions, including on mortgage-backed securities and indices, and certain foreign currency transactions, for both hedging and non-hedging purposes including to obtain or adjust exposure to mortgage-backed investments.

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PIFRX - Performance

Return Ranking - Trailing

Period PIFRX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -5.6% 4.3% 11.87%
1 Yr 1.6% -9.7% 17.7% 49.16%
3 Yr -3.8%* -10.5% 26.1% 90.99%
5 Yr -0.2%* -6.6% 191.5% 81.20%
10 Yr 1.0%* -2.3% 73.8% 79.17%

* Annualized

Return Ranking - Calendar

Period PIFRX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.6% -16.2% 8.1% 99.01%
2022 -19.3% -34.7% 131.9% 96.05%
2021 -7.3% -11.6% 4.4% 98.31%
2020 1.1% -10.1% 946.1% 93.67%
2019 6.3% -1.7% 156.4% 25.51%

Total Return Ranking - Trailing

Period PIFRX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -5.6% 4.3% 11.87%
1 Yr 1.6% -9.7% 17.7% 49.16%
3 Yr -3.8%* -10.5% 26.1% 90.99%
5 Yr -0.2%* -6.6% 191.5% 81.20%
10 Yr 1.0%* -2.3% 73.8% 79.17%

* Annualized

Total Return Ranking - Calendar

Period PIFRX Return Category Return Low Category Return High Rank in Category (%)
2023 4.2% -11.3% 11.0% 93.36%
2022 -13.3% -32.2% 131.9% 38.77%
2021 -4.0% -9.4% 9.2% 98.73%
2020 6.6% -1.9% 1009.0% 84.06%
2019 11.2% 1.1% 21668.0% 4.78%

NAV & Total Return History


PIFRX - Holdings

Concentration Analysis

PIFRX Category Low Category High PIFRX % Rank
Net Assets 1.32 B 2.73 M 292 B 49.41%
Number of Holdings 1503 1 17889 25.93%
Net Assets in Top 10 1.05 B -106 M 36.5 B 24.95%
Weighting of Top 10 83.77% 4.4% 134.5% 3.74%

Top 10 Holdings

  1. GOVERNMENT FUTURES 14.56%
  2. FNMA TBA 11.76%
  3. SHORT TERM INV FUND 10.41%
  4. GOVERNMENT FUTURES 8.06%
  5. FNMA TBA 7.68%
  6. GOVERNMENT FUTURES 7.40%
  7. FNMA TBA 6.83%
  8. GOVERNMENT FUTURES 6.58%
  9. GOVERNMENT FUTURES 5.38%
  10. GNMA TBA 5.10%

Asset Allocation

Weighting Return Low Return High PIFRX % Rank
Bonds
145.33% 0.00% 215.98% 2.05%
Other
58.65% -13.23% 58.65% 0.29%
Cash
15.21% -54.51% 88.26% 8.71%
Convertible Bonds
2.04% 0.00% 7.93% 28.87%
Stocks
0.00% 0.00% 99.93% 86.72%
Preferred Stocks
0.00% 0.00% 74.68% 85.13%

Bond Sector Breakdown

Weighting Return Low Return High PIFRX % Rank
Derivative
58.65% -5.38% 58.65% 0.29%
Securitized
51.61% 0.00% 98.40% 12.91%
Government
24.49% 0.00% 86.23% 49.46%
Corporate
16.28% 0.00% 100.00% 89.16%
Cash & Equivalents
15.21% 0.00% 88.06% 9.69%
Municipal
0.06% 0.00% 100.00% 67.19%

Bond Geographic Breakdown

Weighting Return Low Return High PIFRX % Rank
US
145.31% 0.00% 215.98% 1.76%
Non US
0.02% 0.00% 39.04% 38.65%

PIFRX - Expenses

Operational Fees

PIFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.13% 0.01% 39.10% 20.41%
Management Fee 0.39% 0.00% 1.76% 58.50%
12b-1 Fee 0.50% 0.00% 1.00% 74.80%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

PIFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PIFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PIFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% 99.93%

PIFRX - Distributions

Dividend Yield Analysis

PIFRX Category Low Category High PIFRX % Rank
Dividend Yield 4.65% 0.00% 9.77% 1.07%

Dividend Distribution Analysis

PIFRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Annual

Net Income Ratio Analysis

PIFRX Category Low Category High PIFRX % Rank
Net Income Ratio 2.05% -1.28% 4.79% 28.40%

Capital Gain Distribution Analysis

PIFRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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PIFRX - Fund Manager Analysis

Managers

Michael Salm


Start Date

Tenure

Tenure Rank

Jun 30, 2007

14.93

14.9%

Mr. Salm is a Co-Head of Fixed Income, specializing in liquid markets and securitized strategies. In this role, he oversees investment strategies related to mortgage and securitized products, interest-rate and volatility derivatives, and money markets. In addition, he manages trading operations and Putnam's Fixed Income quantitative teams. He is a portfolio manager of core global, core plus, global government, fixed income global alpha, and dedicated mortgage strategies, as well as fixed income hedge funds. Mr. Salm joined Putnam in 1997 and has been in the investment industry since 1989. Previously at Putnam, he served as a Portfolio Manager responsible for mortgage strategies in fixed income portfolios. Prior to joining Putnam, Mr. Salm was a Mortgage Specialist at BlackRock Financal Management from 1996 to 1997, a Vice President and Trader at Nomura Securities from 1994 to 1996, a Vice President and Structurer at Nikko Securities from 1993 to 1994, and an Analyst at Fitch Investor Services from 1991 to 1992. Mr. Salm earned a B.S. from Cornell University.

Brett Kozlowski


Start Date

Tenure

Tenure Rank

Jul 27, 2011

10.85

10.9%

Mr. Kozlowski is a Portfolio Manager in the Fixed Income Structured Credit group. He is responsible for developing investment strategies within securitized sectors, including agency mortgage-backed securities (MBS); non-agency residential mortgage-backed securities (RMBS); commercial mortgage-backed securities (CMBS); and asset-backed securities. In addition, he is a Portfolio Manager of Putnam Income Fund and assists in the management of several institutional client portfolios. He joined Putnam in 2008 and has been in the investment industry since 1997. Prior to joining Putnam, Mr. Kozlowski held roles of increasing responsibility at Fidelity Investmentsincluding Portfolio Manager from 2008 to 2006; Research Analyst from 2006 to 2003; Trader from 2001 to 2003; Portfolio Analyst from 2000 to 2001; and Research Associate from 1997 to 2000. He earned a B.S. from Massachusetts Institute of Technology.

Andrew Benson


Start Date

Tenure

Tenure Rank

Aug 31, 2021

0.75

0.8%

Mr. Benson is a Portfolio Manager in the Fixed Income group. He specializes in investment-grade and crossover strategies within the Corporate and Tax-Exempt Credit team. Mr. Benson is a Portfolio Manager of Putnam’s Core Bond, Core Bond Intermediate, Core Plus, Investment-Grade Corporate Credit, Short Duration Bond, Stable Value, and Ultra Short Duration Income strategies as well as crossover credit and preferred mandates. He collaborates with portfolio managers and analysts on ESG integration, assessing the fundamental relevance of ESG issues at a security level and the potential for alpha generation and risk mitigation at the portfolio level. Mr. Benson has been in the investment industry since he joined Putnam in 2008. Previously at Putnam, Mr. Benson was an Investment-Grade Trader and an Analyst in the Global Credit Research group, focusing on high-yield and investment-grade issuers in the food, beverage, restaurant, and supermarket sectors. Earlier, he served as a High-Yield Trader and Investment Associate, covering the gaming, technology, and auto supplier sectors. Mr. Benson earned a B.A. in Economics from Tufts University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.82 1.16