PIM is a mutual fund that focuses on providing investors with intermediate-term income through a diverse portfolio of fixed-income securities. Managed by Putnam Investments, this fund seeks to generate consistent returns while managing risk through a combination of government, corporate, and mortgage-backed bonds. With a focus on intermediate maturities, PIM aims to provide a balance between income and potential for capital appreciation. This fund may be suitable for investors seeking a steady stream of income with a moderate level of risk.