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Putnam Income Fund Class A (PINCX)

Nasdaq - Nasdaq Delayed Price. Currency in USD
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7.04+0.01 (+0.14%)
At close: 8:03PM EDT

Putnam Income Fund Class A

Putnam Income Fund

One Post Office Sq Mailstop A 14

Boston MA 02109

Management Information
Michael E. Salm,Lead Manager since June 29, 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.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryIntermediate Core-Plus Bond
Fund FamilyPutnam
Net Assets3.69B
YTD Return-2.07%
Morningstar Rating★★★
Inception DateOct 31, 1954

Fund Operations

Last Dividend0.01
Last Cap Gain0.00
Holdings Turnover1,025.00%
Average for CategoryN/A

Fees & Expenses

ExpensePINCXCategory Average
Annual Report Expense Ratio (net)0.73%0.76%
Prospectus Net Expense Ratio0.73%N/A
Prospectus Gross Expense Ratio0.85%N/A
Max 12b1 Fee0.25%N/A
Max Front End Sales Load4.00%3.76%
Max Deferred Sales LoadN/A1.40%
3 Yr Expense Projection649N/A
5 Yr Expense Projection841N/A
10 Yr Expense Projection1,396N/A