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Morningstar

Putnam Convertible Securities A PCONX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 22.20  /  0.09 %
  • Total Assets 542.1 Mil
  • Adj. Expense Ratio
    1.030%
  • Expense Ratio 1.030%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Convertibles
  • Investment Style Large Blend
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 1.29%
  • Turnover 37%

USD | NAV as of Dec 04, 2023 | 1-Day Return as of Dec 04, 2023, 11:15 PM GMT+0

Morningstar’s Analysis PCONX

Will PCONX 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 PCONX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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.

Parent Pillar

The Parent Pillar is our rating of PCONX’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 PCONX

More PCONX Holdings
  • Current Portfolio Date
  • Equity Holdings 8
  • Bond Holdings 5
  • Other Holdings 111
  • % Assets in Top 10 Holdings 18.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Net Cash

4.61
24,986,104
Cash and Equivalents

DexCom Inc 0.375%

2.27
12,327,975
Corporate

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

2.15
11,663,520
Financial Services

Apollo Global Management Inc 6.75% PRF CONVERT 31/07/2026 USD 50 - Ser A

2.01
10,907,932
Financial Services

Akamai Technologies, Inc. 0.375%

1.98
10,760,669
Corporate

Palo Alto Networks Inc 0.375%

1.82
9,877,890
Corporate

Exact Sciences Corporation 0.375%

1.74
9,452,390
Corporate

Liberty Broadband Corporation 3.125%

1.72
9,348,730
Corporate

Etsy Inc 0.25%

1.55
8,418,195
Corporate

Booking Holdings Inc 0.75%

1.54
8,335,529
Corporate