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Trending ETFs

Name

As of 06/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.37

$420 M

8.92%

$0.74

1.22%

Vitals

YTD Return

2.7%

1 yr return

6.3%

3 Yr Avg Return

-3.1%

5 Yr Avg Return

-1.1%

Net Assets

$420 M

Holdings in Top 10

119.4%

52 WEEK LOW AND HIGH

$8.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.22%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.37

$420 M

8.92%

$0.74

1.22%

PGVRX - Profile

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return -3.1%
  • 5 Yr Annualized Total Return -1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.02%
DIVIDENDS
  • Dividend Yield 8.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PUTNAM MORTGAGE SECURITIES FUND
  • Fund Family Name
    Putnam
  • Inception Date
    Jul 30, 2003
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Salm

PGVRX - Performance

Return Ranking - Trailing

Period PGVRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -4.9% 5.1% 20.00%
1 Yr 6.3% -7.7% 12.7% 23.69%
3 Yr -3.1%* -10.6% 26.4% 78.90%
5 Yr -1.1%* -7.2% 191.0% 97.47%
10 Yr 0.0%* -2.5% 73.7% 98.83%

* Annualized

Return Ranking - Calendar

Period PGVRX Return Category Return Low Category Return High Rank in Category (%)
2023 -4.7% -16.2% 8.1% 99.60%
2022 -20.8% -34.7% 131.9% 98.66%
2021 -8.1% -11.6% 4.4% 99.03%
2020 -4.9% -10.1% 946.1% 99.11%
2019 7.1% -1.7% 16.9% 7.90%

Total Return Ranking - Trailing

Period PGVRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -4.9% 5.1% 20.00%
1 Yr 6.3% -7.7% 12.7% 23.69%
3 Yr -3.1%* -10.6% 26.4% 78.90%
5 Yr -1.1%* -7.2% 191.0% 97.47%
10 Yr 0.0%* -2.5% 73.7% 98.83%

* Annualized

Total Return Ranking - Calendar

Period PGVRX Return Category Return Low Category Return High Rank in Category (%)
2023 3.4% -11.3% 11.0% 96.67%
2022 -11.0% -32.2% 131.9% 6.92%
2021 -4.5% -9.4% 9.2% 99.03%
2020 -0.9% -1.9% 1009.0% 99.55%
2019 12.0% 1.1% 21668.0% 1.74%

NAV & Total Return History


PGVRX - Holdings

Concentration Analysis

PGVRX Category Low Category High PGVRX % Rank
Net Assets 420 M 2.9 M 314 B 68.84%
Number of Holdings 461 1 17816 66.67%
Net Assets in Top 10 502 M 1.57 M 34.8 B 45.02%
Weighting of Top 10 119.40% 4.4% 132.5% 0.91%

Top 10 Holdings

  1. GOVERNMENT FUTURES 23.58%
  2. FNMA TBA 19.38%
  3. FNMA TBA 15.70%
  4. FNMA TBA 13.96%
  5. FNMA TBA 12.31%
  6. SHORT TERM INV FUND 9.58%
  7. FNMA TBA 7.02%
  8. FNMA TBA 6.75%
  9. FNMA TBA 6.27%
  10. GNMA TBA 4.86%

Asset Allocation

Weighting Return Low Return High PGVRX % Rank
Bonds
211.59% 0.00% 211.59% 0.60%
Other
27.83% -16.94% 53.20% 4.03%
Cash
12.49% -54.51% 87.74% 12.29%
Stocks
0.00% 0.00% 99.99% 93.17%
Preferred Stocks
0.00% 0.00% 74.98% 93.35%
Convertible Bonds
0.00% 0.00% 7.93% 99.09%

Bond Sector Breakdown

Weighting Return Low Return High PGVRX % Rank
Securitized
70.87% 0.00% 98.40% 5.78%
Derivative
27.83% -9.72% 50.66% 1.31%
Cash & Equivalents
12.49% 0.00% 83.04% 12.39%
Government
5.48% 0.00% 86.23% 90.97%
Corporate
0.67% 0.00% 100.00% 95.03%
Municipal
0.00% 0.00% 100.00% 98.07%

Bond Geographic Breakdown

Weighting Return Low Return High PGVRX % Rank
US
211.59% 0.00% 211.59% 0.60%
Non US
0.00% 0.00% 33.48% 94.16%

PGVRX - Expenses

Operational Fees

PGVRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.01% 39.10% 17.61%
Management Fee 0.39% 0.00% 1.76% 60.73%
12b-1 Fee 0.50% 0.00% 1.00% 76.16%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

PGVRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PGVRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PGVRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% 96.43%

PGVRX - Distributions

Dividend Yield Analysis

PGVRX Category Low Category High PGVRX % Rank
Dividend Yield 8.92% 0.00% 10.11% 0.40%

Dividend Distribution Analysis

PGVRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Quarterly

Net Income Ratio Analysis

PGVRX Category Low Category High PGVRX % Rank
Net Income Ratio 4.02% -1.28% 4.79% 0.85%

Capital Gain Distribution Analysis

PGVRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PGVRX - Fund Manager Analysis

Managers

Michael Salm


Start Date

Tenure

Tenure Rank

Sep 30, 2007

14.68

14.7%

Mr. Salm is a Co-Head of Fixed Income, specializing in liquid markets and securitized strategies. In this role, he oversees investment strategies related to mortgage and securitized products, interest-rate and volatility derivatives, and money markets. In addition, he manages trading operations and Putnam's Fixed Income quantitative teams. He is a portfolio manager of core global, core plus, global government, fixed income global alpha, and dedicated mortgage strategies, as well as fixed income hedge funds. Mr. Salm joined Putnam in 1997 and has been in the investment industry since 1989. Previously at Putnam, he served as a Portfolio Manager responsible for mortgage strategies in fixed income portfolios. Prior to joining Putnam, Mr. Salm was a Mortgage Specialist at BlackRock Financal Management from 1996 to 1997, a Vice President and Trader at Nomura Securities from 1994 to 1996, a Vice President and Structurer at Nikko Securities from 1993 to 1994, and an Analyst at Fitch Investor Services from 1991 to 1992. Mr. Salm earned a B.S. from Cornell University.

Jatin Misra


Start Date

Tenure

Tenure Rank

Feb 28, 2017

5.25

5.3%

Jatin Misra is Portfolio Manager. Previously served as Analyst and Quantitative Analyst. Joined Putnam Management since 2004.

Brett Kozlowski


Start Date

Tenure

Tenure Rank

Apr 19, 2018

4.12

4.1%

Mr. Kozlowski is a Portfolio Manager in the Fixed Income Structured Credit group. He is responsible for developing investment strategies within securitized sectors, including agency mortgage-backed securities (MBS); non-agency residential mortgage-backed securities (RMBS); commercial mortgage-backed securities (CMBS); and asset-backed securities. In addition, he is a Portfolio Manager of Putnam Income Fund and assists in the management of several institutional client portfolios. He joined Putnam in 2008 and has been in the investment industry since 1997. Prior to joining Putnam, Mr. Kozlowski held roles of increasing responsibility at Fidelity Investmentsincluding Portfolio Manager from 2008 to 2006; Research Analyst from 2006 to 2003; Trader from 2001 to 2003; Portfolio Analyst from 2000 to 2001; and Research Associate from 1997 to 2000. He earned a B.S. from Massachusetts Institute of Technology.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.43 6.78 1.16