Putnam Global Income Trust (PGGIX)

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Putnam Global Income Trust (PGGIX) is up 0.3% since the beginning of the year. PGGIX is currently trading at $10 per share. Investors who bought $1,000 worth of PGGIX shares 5 years ago would now be looking at an investment worth $917.

Putnam Global Income Trust (PGGIX) has returned 0.28% so far this year and 2.65% over the past 12 months. Over the last ten years, PGGIX has returned 0.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since May 29, 1987, PGGIX's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.

Historically, 59% of months were positive and 41% were negative. The best month was Dec 2008 with a return of +8.8%, while the worst month was Nov 2008 at -10.1%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 8 months.

On a daily basis, PGGIX closed higher 47% of trading days. The best single day was Nov 30, 1987 with a return of +5.4%, while the worst single day was Dec 23, 1988 at -2.9%.

Putnam Global Income Trust has an annualized alpha of 4.29%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 29, 1987.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.02%) than losses (9.29%) - typical of diversified or defensive assets.
• Beta of 0.02 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PGGIX has an expense ratio of 0.91%, placing it in the medium range.

PGGIX ranks 9 for risk / return — in the bottom 9% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Putnam Global Income Trust provided a 3.34% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Putnam Global Income Trust. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Putnam Global Income Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Putnam Global Income Trust was 26.81%, occurring on Dec 5, 2008. Recovery took 155 trading sessions.

The current Putnam Global Income Trust drawdown is 11.15%.

The chart below shows the rolling one-month volatility.