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    Putnam Income A (PINCX)

    6.85 Up 0.01(0.15%) Jun 24

    Profile as of May 30, 2016Get Profile for:
    Putnam Income A
    Putnam Income FundOne Post Office Sq Mailstop A 14Boston MA 02109
    Map
    Phone: 800-225-1581
    Fund Overview 
    Category:Intermediate-Term Bond
    Fund Family:Putnam
    Net Assets:2.17B
    Year-to-Date Return:0.76%
    Yield:2.72%
    Morningstar Rating:2 stars
    Fund Inception Date:1954-11-01
    Morningstar Style Box 
    Intermediate-Term Bond
    [View Category Definition]
    View Top Intermediate-Term Bond Funds
    About the Morningstar Style Box
    Management Information 
    Michael Salm
    Lead Manager since Jun 30, 2007
    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.
    Investment Information 
    Min Initial Investment:0
    Min Initial Investment, IRA:N/A
    Min Initial Investment, AIP:N/A
    Min Subsequent Investment:N/A
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:N/A
    PINCX can be purchased from 147 brokerages.

    Fund Summary 
    The investment seeks high current income consistent with prudent risk. The fund invests mainly in bonds that are securitized debt instruments (such as mortgage-backed investments) and other obligations of companies and governments worldwide denominated in U.S. dollars, 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). It typically uses to a significant extent derivatives, such as futures, options, and swap contracts, for both hedging and non-hedging purposes.

    Fund Operations 
    Last Dividend (Jun 20, 2016) : 0.02
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Jun 22, 2016) : 793.00%
    Average for Category:158.97%
    Fees & Expenses 
    ExpensePINCXCategory Avg
    Annual Report Expense Ratio (net):0.85%0.81%
    Prospectus Net Expense Ratio:0.86%N/A
    Prospectus Gross Expense Ratio:0.86%N/A
    Max 12b1 Fee:0.25%N/A
    Max Front End Sales Load:4.00%4.00%
    Max Deferred Sales Load: N/A1.86%
    3 Yr Expense Projection*:663361
    5 Yr Expense Projection*:858587
    10 Yr Expense Projection*:1,4181,208
    * Per $10,000 invested