is readying to launch the Putnam Income Opportunities Fund, a new blended fund, the firm disclosed in an SEC filing
on June 25.
A Putnam spokeswoman said that the fund will be incubated, and that they have no plans to market the fund. The blended fund will invest in domestic and foreign large-cap stocks and bonds.
Putnam will offer A shares of the fund with a 5.25 percent load.
Jeffrey Knight, Robert Kea, Bruce MacDonald and Robert Schoen are slated to manage the fund.
| Yee Haw |
| Putnam Income Opportunities Fund || Portfolio Allocation (%) |
| Global investment grade bonds || 35-65% |
| Global high-yield bonds (junk bonds) || 15-35% |
| Real estate investment trusts (REITs) || 0-7% |
| U.S. and non-U.S. common stocks || 15-35% |
| Source: SEC filing |
Stay ahead of the news ... Sign up for our email alerts now