Putnam Diversified Income A
PDINX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Boston MA 02109 Boston MA United States of America 02109
- IPO Date
- Sep 30, 1988
- CIK
- 0000836622
- Website
- franklintempleton.com
- Similar Companies
- Business
- Putnam Diversified Income Trust Class A (PDINX) is an open-end mutual fund managed by Putnam Investments that seeks as high a level of current income as the managers believe is consistent with preservation of capital by investing across traditional and alternative bond markets. The fund pursues broad diversification through multiple sources of return independent of its benchmark, with flexible risk allocations that dynamically establish diversified risk exposures rather than sector exposures; active duration management to mitigate interest-rate risk; and bottom-up security selection as the primary driver of returns, supplemented by subsector allocations and macro strategies. Core holdings emphasize U.S. agency mortgage-backed securities such as Federal National Mortgage Association (FNMA) pass-throughs and collateralized mortgage obligations; Government National Mortgage Association (GNMA) securities; high-yield and investment-grade corporate bonds; commercial mortgage-backed securities; emerging-market bonds; residential non-agency mortgage-backed securities; convertible securities; bank loans; and asset-backed securities, with additional exposure to U.S. Treasuries/agencies, interest rate swaps, and cash equivalents. Putnam Investments, the fund's investment manager and a subsidiary of Franklin Templeton Investments, was founded in 1937 and is headquartered in Boston, Massachusetts, with additional offices in London, Tokyo, Frankfurt, Sydney, and Singapore. The fund, launched on October 3, 1988, operates primarily in the United States with global fixed-income exposure, including significant allocations to U.S. bonds (approximately 70%), non-U.S. bonds (18%), and emerging markets such as Indonesia, Mexico, Côte d'Ivoire, Dominican Republic, Canada, Colombia, France, and Serbia; it targets taxable income-focused investors through various share classes, including Class A shares with a 4.00% front-end load, 1.03% net expense ratio, and monthly distributions. Recent portfolio management changes include the addition of Matthew Walkup and Patrick Klein as co-managers effective September 30, 2024, alongside existing managers Michael Salm (since April 28, 2011) and Albert Chan (since January 30, 2020), reflecting ongoing enhancements to the team's expertise in fixed-income strategies. The fund maintains net assets of approximately $1.03 billion, with Class A shares comprising $492.55 million, and continues to emphasize agency mortgage-backed securities (37%), corporate bonds (30%), and government securities (10%) as top sectors amid persistent interest-rate volatility and sticky inflation trends noted in late 2023 market outlooks. No major acquisitions, funding rounds, or structural reorganizations specific to the fund have been reported in the last 1-2 years, with operations aligned under Franklin Templeton's broader mutual fund platform.