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Morningstar

Putnam Convertible Securities B PCNBX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 20.82  /  0.00
  • Total Assets 585.0 Mil
  • Adj. Expense Ratio
    1.780%
  • Expense Ratio 1.780%
  • Distribution Fee Level Low
  • Share Class Type —
  • Category Convertibles
  • Investment Style Large Blend
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 0.42%
  • Turnover 37%

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:19 PM GMT+0

Morningstar’s Analysis PCNBX

Will PCNBX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PCNBX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PCNBX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of PCNBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Sensible and unflashy.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

Increased competition, a benchmark-aware process, and organizational concerns keep Putnam Convertible Securities’ from reaching its full potential.

by Chiayi Tsui
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PCNBX

More PCNBX Holdings
  • Current Portfolio Date
  • Equity Holdings 7
  • Bond Holdings 3
  • Other Holdings 117
  • % Assets in Top 10 Holdings 17.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Cash

3.78
22,980,390
Cash and Equivalents

DexCom Inc 0.375%

2.53
15,364,688
Corporate

Palo Alto Networks Inc 0.375%

2.25
13,675,935
Corporate

Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L-

2.11
12,813,194
Financial Services

Exact Sciences Corporation 0.375%

1.95
11,817,304
Corporate

ON Semiconductor Corp. 0.5%

1.56
9,477,458
Corporate

Pioneer Natural Resources Co

1.56
9,476,752
Energy

Booking Holdings Inc 0.75%

1.51
9,196,711
Corporate

Etsy Inc 0.25%

1.44
8,726,805
Corporate

Live Nation Entertainment, Inc. 3.125%

1.40
8,513,920
Corporate