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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.01% -5.39% 187.81M 103696.2
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
5.24% 1.07K% -- Upgrade

Basic Info

Investment Strategy
The Fund invests primarily in investment grade bonds of U.S. issuers, high-yield and international fixed income securities with limited maturities. It seeks high current income and relative stability of net asset value. Effective of 9/9/2005, the investment policy allows the Fund to invest without stated limit in bank loans and swap instruments.
General
Security Type Closed-End Fund
Equity Style Small Cap/Value
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Nontraditional Bond
Category Index ICE BofA USD 3M Dep OR CM TR USD
Prospectus Objective Multisector Bond
Fund Owner Firm Name Putnam
Prospectus Benchmark Index
ICE BofA US Treasury Bill TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Paul Scanlon 17.37 yrs
Michael Atkin 14.84 yrs
Michael Salm 11.34 yrs
Brett Kozlowski 5.58 yrs
Robert Davis 5.58 yrs
Albert Chan 2.58 yrs

Net Fund Flows Versus Category

1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
No Data Available
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: --
-949.96M Category Low
2.688B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
Date Unavailable

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
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--
--
--
--
--
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of August 05, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
1.08%
8.81%
10.55%
-5.08%
20.69%
-2.92%
-0.43%
-7.13%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-1.54%
-9.11%
0.22%
7.21%
13.78%
-6.32%
25.51%
-6.47%
-1.79%
-2.59%
--
--
--
--
7.39%
6.64%
1.02%
-4.57%
-7.95%
20.38%
9.30%
-7.70%
30.30%
8.87%
13.12%
-19.25%
--
--
--
--
--
--
--
22.16%
As of August 05, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-5-22) 5.24%
30-Day SEC Yield --
7-Day SEC Yield (10-28-10) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 5.62%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2022

Asset Allocation

As of June 30, 2022.
Type % Net % Long % Short
Cash -10.06% Upgrade Upgrade
Stock 0.18% Upgrade Upgrade
Bond 109.7% Upgrade Upgrade
Convertible 4.25% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other -4.03% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Federal National Mortgage Association 5.5%
10.60% -- --
Federal National Mortgage Association 5%
8.28% -- --
5 Year Treasury Note Future Sept 22
7.74% -- --
Ultra 10 Year US Treasury Note Future Sept 22
5.05% -- --
Federal National Mortgage Association 3.5%
3.65% -- --
Federal National Mortgage Association 4.5%
3.26% -- --
Federal National Mortgage Association 4%
3.20% -- --
United States Treasury Bills 0%
2.49% -- --
United States Treasury Bills 0%
2.33% -- --
Federal National Mortgage Association 3%
2.02% -- --

Basic Info

Investment Strategy
The Fund invests primarily in investment grade bonds of U.S. issuers, high-yield and international fixed income securities with limited maturities. It seeks high current income and relative stability of net asset value. Effective of 9/9/2005, the investment policy allows the Fund to invest without stated limit in bank loans and swap instruments.
General
Security Type Closed-End Fund
Equity Style Small Cap/Value
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Nontraditional Bond
Category Index ICE BofA USD 3M Dep OR CM TR USD
Prospectus Objective Multisector Bond
Fund Owner Firm Name Putnam
Prospectus Benchmark Index
ICE BofA US Treasury Bill TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Paul Scanlon 17.37 yrs
Michael Atkin 14.84 yrs
Michael Salm 11.34 yrs
Brett Kozlowski 5.58 yrs
Robert Davis 5.58 yrs
Albert Chan 2.58 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-5-22) 5.24%
30-Day SEC Yield --
7-Day SEC Yield (10-28-10) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 5.62%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2022

Fund Details

Key Dates
Inception Date 4/29/1988
Last Annual Report Date 9/30/2021
Last Prospectus Date --
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No

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