Putnam Diversified Income A (PDINX)
Putnam Diversified Income A operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $4.86, down 0.41% on the session, giving a market capitalisation of $891.3M. Its beta of 0.76 implies it has historically moved less than the broad market.
This fund primarily allocates its assets to a diverse range of fixed-income securities. Its portfolio largely consists of securitized debt instruments, such as mortgage-backed investments, and associated derivative contracts. It also encompasses other debt obligations issued by corporations and governments globally. Additionally, the fund invests in bank loans, which span the credit spectrum from higher-quality (investment-grade) to those considered below-investment-grade (often referred to as 'junk bonds'). A key characteristic of these holdings is their intermediate to long-term maturities, generally three years or longer.
Putnam Diversified Income A is most often compared with the following Financial Services names: