About PIFRX
Putnam Income Fund Class R is a mutual fund designed to provide investors with high current income while maintaining a prudent level of risk. The fund primarily invests in a diversified portfolio of bonds, which include securitized debt instruments and other obligations issued by companies and governments worldwide, with a particular focus on securities denominated in U.S. dollars and those having intermediate- to long-term maturities of three years or more. Classified under the intermediate core-plus bond category, the fund holds a mix of investment-grade U.S. fixed-income assets, while also retaining the flexibility to include non-core sectors such as high-yield corporate bonds, bank loans, and emerging markets debt. With over 1,200 holdings and a total asset base of approximately $1.54 billion, the fund aims to balance income generation with risk diversification. It distributes dividends on a monthly basis, often offering yields above the category average. The fund is managed with a focus on both income and risk management, making it a notable choice for investors seeking consistent income from a broad array of global fixed-income securities.
Fund Family Franklin Templeton Investments
Category Intermediate Core-Plus Bond
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PIFRX
Share Class Class R Shares
Index Bloomberg U.S. Aggregate Bond TR
PIFRX had a total return of 4.42% in the past year, including dividends.
Since the fund's inception, the average annual return has been 3.34%.
