Putnam Income Fund Class A (PINCX)
Putnam Income Fund Class A operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $5.01, up 0.20% on the session, giving a market capitalisation of $979.8M. On trailing twelve-month figures it carries a trailing P/E of 33.40, a net margin of 35.8%. Its beta of 0.97 implies it has historically moved less than the broad market.
This fund principally directs its investments towards fixed-income securities. These encompass securitized debt instruments, such as mortgage-backed securities, alongside other debt obligations issued by corporations and governments across the globe. While the majority of these holdings are denominated in U.S. dollars, a smaller allocation may be in foreign currencies. The portfolio's credit quality spans from investment-grade to below-investment-grade debt, colloquially termed 'junk bonds,' with maturities generally falling within the intermediate to long-term spectrum (three years or more). Additionally, the fund manager frequently makes substantial use of derivatives, including futures, options, and swap contracts, for both risk management (hedging) and pursuing other strategic investment goals.
Putnam Income Fund Class A is most often compared with the following Financial Services names: