Putnam Multi-Asset Income Fund Class R6 is an actively managed **mutual fund** designed to deliver total return with an emphasis on income while maintaining capital conservation. The strategy primarily allocates to **fixed-income securities**, including U.S. and foreign government bonds, corporate credit, and securitized debt across a range of credit qualities, complemented by selective exposures that broaden income sources and manage risk across market cycles. The fund distributes income **monthly**, reflecting its income-oriented design, and operates with an institutional R6 share class structure focused on lower ongoing costs relative to retail classes. Notable characteristics include a diversified portfolio spanning more than a thousand holdings and an expense ratio positioned for scale-sensitive retirement and advisory platforms. Within the broader market, the fund serves as a **core income allocation** for investors seeking a multi-asset approach to bond and credit markets, balancing yield generation with risk management and providing a consolidated vehicle for accessing multiple fixed-income sectors under a unified process and oversight.
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