The managers behind Putnam Convertible Securities are experienced, but turnover across its supporting research teams and mediocre security selection limit its appeal. The strategy's cheapest share classes earn Morningstar Analyst Ratings of Neutral, while its more expensive offerings warrant Negative ratings.
Will PCGYX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PCGYX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PCGYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PCGYX’s parent organization’s priorities and whether they’re in line with investors’ interests.