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Morningstar

Putnam Mortgage Securities C PGVCX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Franklin Templeton Investment Hub

Morningstar’s Analysis PGVCX

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

  • People Pillar

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

Too aggressive to recommend.

Senior Analyst Mike Mulach

Mike Mulach

Senior Analyst

Summary

Putnam Mortgage Securities’ complex approach and emphasis on lower-rated mortgage credit has not served investors well. Its Process rating has been downgraded to Below Average from Average, but its experienced team still earns an Average People rating.

by Mike Mulach
Rated on Published on

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