M&A: PUTNAM GLOBAL INCOME TRUST

Form Type: N-CSR

Filing Date: 2024-12-27

Corporate Action: Merger

Type: Update

Accession Number: 000092881624002155

Comments: Putnam Global Income Trust's annual report for the period ending October 31, 2024, highlights significant changes in management and structure due to a merger transaction between Franklin Templeton and Great-West Lifeco Inc. completed on January 1, 2024. The report details the new management contract transitioning from Putnam Management to Franklin Advisers, along with the sub-advisory agreement changes. It includes fund performance metrics showing a 10.35% return for Class A shares, contrasting with the benchmark return of 9.54%. Additionally, the report identifies major contributors and detractors to the fund's performance, discusses investment strategies, and provides statistics regarding total net assets and management fees.

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