Morningstar

Putnam Convertible Securities Fund Class R6 Shares PCNTX

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  • NAV / 1-Day Return $28.83  /  +0.17 %
  • Fund Size $510.3M
  • Adjusted Expense Ratio 0.710%
  • Net Expense Ratio 0.710%
  • Fee Level: Distribution Above Average
  • Share Class Type Retirement, Large
  • Morningstar Category Convertibles
  • Equity Style Box (Funds) Large Blend
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 1.28%
  • Turnover Ratio 88%
NAV and 1-Day Return as of

Morningstar’s Analysis PCNTX

Will PCNTX outperform in the 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 PCNTX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PCNTX 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 PCNTX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A seasoned team shepherds this solid convertible strategy.

Analyst Zach Houston-Read

Zach Houston-Read

Analyst

Summary

Putnam Convertible Securities offers the asymmetric risk and return profile that can make convertibles attractive relative to owning stocks outright. It participates meaningfully when shares rise while providing some downside support when they fall.

by Zach Houston-Read
Rated on Published on

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Portfolio Holdings PCNTX

More PCNTX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Lumentum Holdings Inc. 0.375%

2.82 15M
Corporate

Putnam Fds Tr

2.39 13M
—

Alphabet Inc PRF PERPETUAL USD 1000 - 1/20th Int Ser A

2.33 13M
Communication Services

Alphabet Inc PRF PERPETUAL USD 1000 - 1/20th Int Ser B

2.32 12M
Communication Services

Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A

2.20 12M
Corporate

Cloudflare Inc 0%

2.01 11M
Corporate

NextEra Energy Inc Unit (Corporate Units 15/02/2029)

1.98 11M
Utilities

Bloom Energy Corporation 0%

1.92 10M
Corporate

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

1.78 10M
Financial Services

Oracle Corp FR PRF PERPETUAL USD - DpSh 1/2000 Prf Sr D

1.70 9M
Technology

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