PNCYX

About PNCYX

Putnam Income Fund Class Y is an open-end mutual fund primarily designed to provide high current income consistent with prudent risk management. Classified as an Intermediate Core-Plus Bond fund, it actively invests in a diverse portfolio of primarily securitized debt instruments, and other bond obligations issued by companies and U.S. government entities, focusing on securities denominated in U.S. dollars with intermediate to long maturities, typically three years or longer. The fund employs a broad investment strategy, spanning all sectors of the U.S. bond market, aiming to deliver steady income through monthly dividend distributions. With over 1,200 holdings and a significant portion allocated to government and agency-backed mortgage securities, the fund manages risk while seeking yield in various bond market sectors. Managed by Putnam Funds since its inception in 1994, the fund is notable for its relatively low expense ratio and institutional share class features. It plays a significant role for investors seeking diversified fixed-income exposure and regular income in the broader financial market.