PUTNAM DIVERSIFIED INCOME TRUST II
NSAR-A, EX-27, 2000-11-29
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam Strategic Income Fund
</LEGEND>
<SERIES>
   <NUMBER> 4
   <NAME> CLASS A

<S>                             <C>
<PERIOD-TYPE>                   SEMI
<FISCAL-YEAR-END>                          MAR-31-2000
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                      221,963,058
<INVESTMENTS-AT-VALUE>                     203,665,392
<RECEIVABLES>                                7,901,004
<ASSETS-OTHER>                                 179,741
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             211,746,137
<PAYABLE-FOR-SECURITIES>                    11,411,863
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,308,383
<TOTAL-LIABILITIES>                         13,720,246
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   239,674,110
<SHARES-COMMON-STOCK>                       10,843,192
<SHARES-COMMON-PRIOR>                       10,758,869
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                     (3,022,573)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (20,247,499)
<ACCUM-APPREC-OR-DEPREC>                  (18,378,147)
<NET-ASSETS>                               198,025,891
<DIVIDEND-INCOME>                              330,752
<INTEREST-INCOME>                            9,753,151
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,730,337
<NET-INVESTMENT-INCOME>                      8,353,566
<REALIZED-GAINS-CURRENT>                   (3,348,281)
<APPREC-INCREASE-CURRENT>                  (5,207,939)
<NET-CHANGE-FROM-OPS>                        (202,654)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (3,407,131)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,359,008
<NUMBER-OF-SHARES-REDEEMED>                (1,616,447)
<SHARES-REINVESTED>                            341,762
<NET-CHANGE-IN-ASSETS>                     (8,526,788)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                    (2,639,291)
<OVERDIST-NET-GAINS-PRIOR>                (16,899,218)
<GROSS-ADVISORY-FEES>                          705,206
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,769,934
<AVERAGE-NET-ASSETS>                        74,375,956
<PER-SHARE-NAV-BEGIN>                             7.12
<PER-SHARE-NII>                                    .31
<PER-SHARE-GAIN-APPREC>                          (.30)
<PER-SHARE-DIVIDEND>                             (.32)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               6.81
<EXPENSE-RATIO>                                    .65
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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