Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.09% -7.25% 167.53M 60623.57
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
6.00% 1.30K% -- Upgrade

Basic Info

Investment Strategy
The goal of the fund is to seek with equal emphasis high current income and relative stability of net asset value by allocating its investments among the U.S. investment grade sector, high-yield sector, and international sector.
General
Security Type Closed-End Fund
Equity Style --
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
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Multisector Bond
Fund Owner Firm Name Putnam Investment Management, LLC
Prospectus Benchmark Index
ICE BofA US Treasury Bill TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Michael Salm 12.85 yrs
Brett Kozlowski 7.08 yrs
Robert Davis 7.08 yrs
Albert Chan 4.09 yrs
Robert Salvin 1.34 yrs

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)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of March 01, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
10.55%
-5.08%
20.69%
-2.92%
-0.43%
-12.48%
8.57%
1.69%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
-1.30%
13.78%
-6.32%
25.51%
-6.47%
-1.79%
-7.73%
7.43%
1.45%
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--
--
--
31.97%
7.03%
7.77%
--
--
7.39%
6.64%
1.02%
-5.72%
7.71%
0.08%
3.74%
-1.97%
12.01%
0.16%
5.75%
-1.71%
14.68%
2.56%
As of March 01, 2024.

Asset Allocation

As of January 31, 2024.
Type % Net % Long % Short
Cash -27.77% Upgrade Upgrade
Stock 0.01% Upgrade Upgrade
Bond 122.5% Upgrade Upgrade
Convertible 2.95% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 2.33% Upgrade Upgrade

Basic Info

Investment Strategy
The goal of the fund is to seek with equal emphasis high current income and relative stability of net asset value by allocating its investments among the U.S. investment grade sector, high-yield sector, and international sector.
General
Security Type Closed-End Fund
Equity Style --
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
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Multisector Bond
Fund Owner Firm Name Putnam Investment Management, LLC
Prospectus Benchmark Index
ICE BofA US Treasury Bill TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Michael Salm 12.85 yrs
Brett Kozlowski 7.08 yrs
Robert Davis 7.08 yrs
Albert Chan 4.09 yrs
Robert Salvin 1.34 yrs

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