Structured finance may not always be an easy feat to tackle for pension funds, endowments and foundations and Taft-Hartley plans, but if you mix one part sophistication with one part Putnam Investments' Structured Opportunities strategy, you'll find the reward is well worth the risk, said Rob Bloemker, managing director, portfolio manager and team leader for the Boston-based firm's core fixed-income team's mortgage- and asset-backed securities and government group.

"We typically have greater luck discussing this with more sophisticated investors," he said. "We realize that to most people this sounds very complex, but with the experience that we have with many of our team members having been in this market since the inception of these securities, we feel very comfortable with such complexity. In fact, it seems to be the norm for us.

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