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Morningstar

Putnam Mortgage Securities C PGVCX

Morningstar Analyst Rating
Analyst rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 9.11  /  0.65 %
  • Total Assets 475.4 Mil
  • Adj. Expense Ratio
    1.670%
  • Expense Ratio 1.670%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 11.94%
  • Effective Duration 5.93 years

USD | NAV as of Feb 06, 2023 | 1-Day Return as of Feb 06, 2023, 11:32 PM GMT+00:00

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.

An aggressive and complex approach to mortgages.

Senior Analyst

Summary

| by Peter Marchese

Putnam Mortgage Securities continues to earn Morningstar Analyst Ratings of Neutral across most share classes and Negative for its more expensive B and C shares as its aggressive exposure to mortgage credit risk and complex portfolio has its vulnerabilities.

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