Putnam Investment has more than 100 mutual funds and 60 institutional strategies across a range of asset classes and investment styles. More than 180 investment professionals work in offices globally in Boston, London, Tokyo, Sydney, Singapore and Frankfurt, Germany.
Is Putnam owned by Great-West?
Putnam is a subsidiary of Great-West Lifeco Inc. and a member of the Power Financial Corporation group of companies.
What are the fees for Putnam floating rate income fund?
For class A and class M shares, the current maximum initial sales charges are 5.75% and 3.50% for equity funds and 4.00% and 3.25% for income funds, respectively (with these exceptions: 2.25% for class A of Putnam Floating Rate Income Fund, Short-Term Municipal Income, Short Duration Bond Fund, and Fixed Income Absolute Return Fund).
What kind of mortgage bonds does Putnam invest in?
Broad securitized opportunities The fund invests in mortgage sectors, including agency MBS and CMOs, and non-agency RMBS and CMBS, and ABS. Higher potential returns By investing in mortgage-backed bonds, the fund can offer the potential for higher returns than an investment strategy focused only on agency MBS.
What kind of fund is Putnam absolute return?
Prior to June 1, 2018, the fund was known as Putnam Absolute Return 100 Fund. All fund data for dates prior to June 1, 2018, reflect the fund’s previous investment strategy in effect at that time. The fund seeks as high a rate of current income as we believe is consistent with preservation of capital.
Are there Class Y shares in Putnam Mutual Funds?
Class Y shares are generally only available for corporate and institutional clients and have no initial sales charge. Performance for class R5/R6 shares before their inception are derived from the historical performance of class Y shares, which have not been adjusted for the lower expenses; had they, returns would have been higher.
