BOSTON, March 8, 2019 — Putnam Investments today announced that Putnam Income Fund (PNCYX) received a Lipper Fund Award last night at an industry dinner in New York for its outstanding performance over the past 10 years in the Core Bond category.
Putnam Income Fund is managed by Michael V. Salm, Putnam’s Co-Head of Fixed Income; Brett S. Kozlowski; and Emily E. Shanks. The fund seeks high current income consistent with what Putnam management believes to be prudent risk, and pursues opportunities across all sectors of the U.S. bond market, including mortgage-backed securities, corporate bonds and other government obligations.
“Putnam Income Fund has been one of top performers in its category for many years,” said Putnam Investments President and CEO Robert L. Reynolds. “We are pleased to see the fund recognized by Lipper for its long-term track record of solid, risk-adjusted results. Our investment team works tirelessly every single day to uncover opportunities on behalf of our clients and investors, and we are proud to receive this award.”
As of January 31, 2019, Lipper ranked Putnam Income Fund in the 7th percentile for one-year performance; 2nd percentile for three-year performance; 24th percentile for five-year performance; and 1st percentile for 10-year performance, where the fund ranked #1 out of 291 funds in the Core Bond 10-year category.
Additionally, Putnam Income Fund has an overall Morningstar rating of five stars among 877 funds in the Intermediate-Term Bond category. The fund has also received five stars in the three-year and 10-year Morningstar categories and four stars in the five-year category.
Strong performance, strong flows at Putnam
At the end of December 2018, Putnam had 22 actively managed mutual funds* with an overall rating of four or five stars by Morningstar. Moreover, in March 2018, Barron’s ranked Putnam one of the top 10 mutual fund families across multiple time periods for the past decade, based on strong investment performance across asset classes. The firm ranked 7th (out of 58) for one year, 7th (out of 53) for five years and 9th (out of 49) for 10 years.
About the Lipper Fund Awards
The Lipper Fund Awards annually recognize funds and fund management firms for their consistently strong risk-adjusted three-, five- and 10-year performance relative to their peers based upon Lipper’s quantitative, proprietary methodology. The awards are sponsored by Refinitiv, formerly the Financial and Risk business of Thomson Reuters. For more information, visit www.lipperfundawards.com.
About Putnam Investments
Founded in 1937, Putnam Investments is a leading global money management firm with over 80 years of investment experience. At the end of January 2019, Putnam had approximately $169 billion in assets under management. For more information, visit putnam.com.
*Class Y shares as of December 31, 2018