Fixed Income

Our investment philosophy sets us apart

Identifying and exploiting the risks and opportunities in today’s fixed-income markets require truly active management, a commitment to fundamental research, and the resources to consistently execute. At Putnam, we believe:

  • Abundant opportunities exist outside traditional benchmarks for active managers
  • Portfolio risk is a function of market opportunity: Diversification means more than just multi-sector exposure
  • Sector specialization and flexibility are critical in recognizing and exploiting investment opportunities
  • An integrated portfolio construction and risk management framework provide the necessary balance of potential risk and return to institutional investors

Putnam's veteran team manages a diverse product lineup

  • We offer a full range of benchmark-oriented and absolute-return products
  • Our 16 portfolio managers average nearly 20 years of investment industry experience
  • More than 70 dedicated investment professionals cover the complete spectrum of sectors and markets
  • We oversee $55 billion in fixed-income assets under management as of December 31, 2013

Key investment capabilities

 

Global Alpha Fixed Income

 

Dedicated Mortgage

 

Global Government

 

Core Global

 

U.S. High Yield

 

Global High Yield

* No assurance can be given that the investment objective or target return will be achieved or that an investor will receive a return of all or part of his or her initial investment. Actual results could be materially different from the stated goals. Investors should carefully consider the risks involved before deciding to invest. See the product profile for a summary of risk considerations. As with any investment, there is a potential for profit as well as the possibility of loss.

Assets may include accounts that are not reflected in the composite.

Tracking error is defined as the annualized standard deviation of monthly returns as against the benchmark, measured over three-year periods. No assurance can be given that the target will be achieved. Putnam reserves the right to change this target in its discretion without notice if it considers it appropriate. Achieving tracking error depends primarily on market conditions and may also be affected by differences between the price sources applicable to the measurement of the strategy's performance and those used by index providers.