The managers behind Putnam Convertible Securities are experienced, but change across its supporting research teams and a standard approach limit its appeal. The strategy's cheapest share classes earn Morningstar Analyst Ratings of Neutral, while its more expensive offerings earn Negative ratings.
Will PCONX 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 PCONX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PCONX 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 PCONX’s parent organization’s priorities and whether they’re in line with investors’ interests.