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PPT / PPT: Amortizing Return Of Principal Fund

The Putnam Premier Income Trust pays an 8.8% distribution yield but only earns 10-year average annual returns of 2.1%. The fund, which has $370 million in assets, also has an unusually high turnover rate of over 1600%. The author recommends that investors avoid the PPT fund and other similar 'return of principal' funds, as they risk losing both principal and income in the long term. Read More

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Posted: Jul 20 2023, 03:33

Author Name: Seeking Alpha

PPT News

By Seeking Alpha
July 20, 2023

PPT: Amortizing Return Of Principal Fund

The Putnam Premier Income Trust pays an 8.8% distribution yield but only earns 10-year average annual returns of 2.1%. The fund, which has $370 millio

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