Putnam Multi-Asset Income Fund
Data updated: 2026-07-27
C000217944 — Putnam Multi-Asset Income Fund. Long Total / Aggregate Bond · $891.99M AUM · 0.44% expense ratio. Holdings, fees, performance and SEC filings.
C000217944 Fund Overview
Putnam Multi-Asset Income Fund is a US mutual fund managed by Putnam Asset Allocation Funds, categorised as Long Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Putnam Asset Allocation Funds
- Category: Long Total / Aggregate Bond
- Assets under management: $891.99M
- 1-year return: 14.7%
- SEC CIK: 0000914209
- SEC series ID: S000067964
- Share class ID: C000217944
C000217944 Investment Objective and Strategy
Putnam Multi-Asset Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Putnam Asset Allocation Funds.
Investment objective
The fund seeks total return consistent with conservation of capital. Within the funds total return orientation, the fund seeks to provide current income, along with long-term capital appreciation.
Principal investment strategy
The fund invests mainly in fixed income investments, including U.S. and foreign (including emerging market) government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments) of any credit quality. The fund also invests, to a lesser extent, in equity securities (growth or value stocks or both) of U.S. and foreign (including emerging market) companies of any size. The fund has a strategic, or typical, allocation between equity and fixed income investments. Using qualitative analysis and quantitative models and techniques, the Investment Manager adjusts portfolio allocations from time to time within a certain range to try to optimize the funds performance consistent with its goal. The strategic allocation and the range of allowable allocation for the fund is shown below: Class Strategic Allocation Range Equity 27% 5-50% Fixed Income 73% 50-95% The Investment Manager may consider, among other factors, a companys valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments.
The Investment Manager may also consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell fixed-income investments. The fund typically uses derivatives to a significant extent, such as futures, options, certain foreign currency transactions, warrants and interest rate and total return swap contracts, for both hedging and non-hedging purposes. The fund may also use derivatives and debt instruments with terms determined by reference to a particular commodity or to all or portions of a commodities index. The fund may invest directly or indirectly through its wholly-owned and controlled Subsidiary, which like the fund, is advised by the Investment Manager. The fund may invest no more than 25% of its assets in the Subsidiary.
Currently, the fund does not expect to invest significantly in the Subsidiary. The Subsidiary will invest primarily in commodity futures and swaps on commodity futures, but it may also invest in other commodity-related instruments (such as financial futures, option and swap contracts) or other asset classes (including through derivatives). Unlike the fund, the Subsidiary may invest without limitation in commodity-related instruments. Unless indicated otherwise, references to the funds investments, investment exposures or risks include its indirect investments, investment exposures and risks through the Subsidiary.
C000217944 Holdings
Top 10 holdings of Putnam Multi-Asset Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Putnam Government Money Market Fund | 19.03% |
| Putnam Short Term Investment Fund | 4.97% |
| NVIDIA Corp. | 1.88% |
| Apple, Inc. | 1.78% |
| Alphabet, Inc. | 1.60% |
| FNMA or FHLMC | 1.59% |
| FNMA or FHLMC | 1.35% |
| FNMA or FHLMC | 1.24% |
| Gnma | 1.18% |
| FNMA or FHLMC | 1.00% |
C000217944 Portfolio Allocation
Asset-class allocation of Putnam Multi-Asset Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 33.1% |
| Equity | 27.7% |
| Securitized | 25.2% |
| Cash & Equivalents | 19.5% |
| Other | 5.4% |
| Loans | 0.5% |
| Derivatives | 0.3% |
C000217944 Performance
Total returns for C000217944 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 5.0% |
| 1 year | 14.7% |
| 3 years (annualised) | 11.4% |
| 5 years (annualised) | 5.3% |
C000217944 Risk Information
Risk metrics for C000217944, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.7%
C000217944 Costs and Fees
C000217944 costs about $44 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.44%
- Gross expense ratio: 0.66%
- Portfolio turnover: 101%
- Brokerage commissions: 3.29 bps of average net assets (SEC N-CEN)
C000217944 Cashflows
Over the 12 months to 2026-05, Putnam Multi-Asset Income Fund had net inflows of $637.00M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$1.70M |
| 2026-04 | $19.72M |
| 2026-03 | $10.43M |
| 2026-02 | $616.98M |
| 2026-01 | $1.26M |
| 2025-12 | −$216.68K |
C000217944 Debt Constituents
Largest debt holdings of Putnam Multi-Asset Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States of America | 0.43% |
| United States of America | 0.41% |
| United States of America | 0.29% |
| CCO Holdings LLC / CCO Holdings Capital Corp. | 0.27% |
| Medline Borrower LP | 0.19% |
| United States of America | 0.18% |
| Howmet Aerospace, Inc. | 0.18% |
| Teva Pharmaceutical Finance Netherlands III BV | 0.18% |
| Carnival Corp. Ltd. | 0.17% |
| Jane Street Group / JSG Finance, Inc. | 0.17% |
C000217944 Prospectus and SEC Filings
Official Putnam Multi-Asset Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-23
- Prospectus (485BPOS) — filed 2024-12-27
- Prospectus (485BPOS) — filed 2023-12-29
- Portfolio holdings (N-PORT) — filed 2026-07-27
- Portfolio holdings (N-PORT) — filed 2026-04-23
- Portfolio holdings (N-PORT) — filed 2026-01-27
- Annual census (N-CEN) — filed 2025-11-10
- Annual census (N-CEN) — filed 2024-11-13
Related Funds
Other Long Total / Aggregate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.