Brett S. Kozlowski, CFA
Co-Head of Structured Credit
Mr. Kozlowski is Co-Head of Structured Credit within Fixed Income, focusing on Putnam's structured
credit strategies as well as 37 Capital's alternative structured credit strategies. He is responsible for
developing investment strategies within structured credit sectors, including commercial mortgage and
structured finance securities. Mr. Kozlowski also leads Putnam’s ESG effort within structured credit. He
collaborates with portfolio managers and analysts on ESG integration to assess the fundamental
relevance of ESG issues at a security level, and the potential for alpha generation and risk mitigation at
the portfolio level.
Mr. Kozlowski is a Portfolio Manager of Putnam Diversified Income Trust, Putnam Income Fund, Putnam
Master Intermediate Income Trust, Putnam Mortgage Opportunities Fund, Putnam Mortgage Securities
Fund, Putnam Premier Income Trust, Putnam Short Duration Bond Fund, and several institutional
portfolios. In addition, he is a Portfolio Manager of 37 Capital’s Structured Credit and Private Mortgage
funds. Mr. Kozlowski joined Putnam in 2008 and has been in the investment industry since 1997.
Closed End Funds |
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Master Intermediate Income Trust | ||||
Premier Income Trust |
More from the Fixed Income team

Sector views
Fixed income markets experienced widespread declines in the U.S. and globally in the third quarter of 2022, as inflation remained high and became more broad-based.

The Fed walks a line between inflation and financial stability
Given the fragilities in financial markets, the Fed will likely move cautiously in monetary tightening to fight inflation.

Will interest rates go down?
Our base case for our strategy remains that a recession will wipe out excess savings, and the relatively low interest-rate environment will return.

U.S. recession outlook as China reopens
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