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Putnam Investments managed assets worth $149 billion as of the end of March 2020, with $74 billion allocated to more than 100 mutual funds. The company operates in North America, Europe and Asia through offices in Boston, London, Sydney, Frankfurt, Singapore and Tokyo.
After the introduction of its fund in 1937, Putnam Investments gradually evolved as one of the most-renowned global financial investment companies. It provides a wide range of financial services, including 60 institutional strategies. At present, this Boston-based company has more than 170 investment professionals.
George Putnam Balanced Fund Class Y (PGEYX - Free Report) aims to provide both capital appreciation and current income. The fund seeks to offer a balanced investment, which comprises a well-diversified portfolio of stocks and bonds. PGEYX has three-year annualized returns of 5.4%.
PGEYX has an expense ratio of 0.74% compared with the category average of 0.82%.
Putnam Income Fund Class A (PINCX - Free Report) seeks high current income consistent with prudent risk. The fund invests the majority of its assets in bonds and other obligations of companies and governments globally, denominated in U.S. dollars, are either investment-grade or below investment-grade and have intermediate- to long-term maturities. PINCX has three-year annualized returns of 4.8%.
As of the end of March 2020, PINCX held 1,381 issues, with 10.14% of its assets invested in 5 Year Treasury Note Future June 20.
Putnam Fixed Income Absolute Return Fund Class A (PTRNX - Free Report) aims for positive total return. The fund invests the majority of its assets in fixed-income securities. These securities could consist of debt instruments and derivatives. PTRNX has three-year annualized returns of 1.4%.
D. William Kohli is the fund manager of PTRNX since 2008.
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3 Putnam Mutual Funds for Your Portfolio
Putnam Investments managed assets worth $149 billion as of the end of March 2020, with $74 billion allocated to more than 100 mutual funds. The company operates in North America, Europe and Asia through offices in Boston, London, Sydney, Frankfurt, Singapore and Tokyo.
After the introduction of its fund in 1937, Putnam Investments gradually evolved as one of the most-renowned global financial investment companies. It provides a wide range of financial services, including 60 institutional strategies. At present, this Boston-based company has more than 170 investment professionals.
Below we share with you three top-ranked Putnam mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) or #2 (Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
George Putnam Balanced Fund Class Y (PGEYX - Free Report) aims to provide both capital appreciation and current income. The fund seeks to offer a balanced investment, which comprises a well-diversified portfolio of stocks and bonds. PGEYX has three-year annualized returns of 5.4%.
PGEYX has an expense ratio of 0.74% compared with the category average of 0.82%.
Putnam Income Fund Class A (PINCX - Free Report) seeks high current income consistent with prudent risk. The fund invests the majority of its assets in bonds and other obligations of companies and governments globally, denominated in U.S. dollars, are either investment-grade or below investment-grade and have intermediate- to long-term maturities. PINCX has three-year annualized returns of 4.8%.
As of the end of March 2020, PINCX held 1,381 issues, with 10.14% of its assets invested in 5 Year Treasury Note Future June 20.
Putnam Fixed Income Absolute Return Fund Class A (PTRNX - Free Report) aims for positive total return. The fund invests the majority of its assets in fixed-income securities. These securities could consist of debt instruments and derivatives. PTRNX has three-year annualized returns of 1.4%.
D. William Kohli is the fund manager of PTRNX since 2008.
To view the Zacks Rank and past performance of all Putnam Investment mutual funds, investors can click here to see the complete list of funds.
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