4 / 5 Stars
5 5 4 2 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
#13 in Intermediate-Term Bond
U.S. News evaluated 280 Intermediate-Term Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 3.33 percent over the past year, 6.16 percent over the past three years, 12.49 percent over the past five years, and 5.77 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||1.6%|
|3 Years (Annualized)||6.2%|
|5 Years (Annualized)||12.5%|
|10 Years (Annualized)||5.8%|
The investment seeks high current income consistent with prudent risk. The fund invests mainly in bonds that are securitized debt instruments (such as mortgage-backed investments) and other obligations of companies and governments worldwide denominated in U.S. dollars, are either investment-grade or below-investment-grade in quality (sometimes referred to as "junk bonds") and have intermediate- to long-term maturities (three years or longer). It typically uses to a significant extent derivatives, such as futures, options and swap contracts, for both hedging and non-hedging purposes.
Fees are Above Average compared to funds in the same category.
Putnam Income Fund has an expense ratio of 0.87 percent.
Risk is High compared to funds in the same category according to Morningstar.