Morningstar

Putnam Mortgage Securities Fund Class R PGVRX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return$7.54  /  −0.40%
  • Fund Size$344.3M
  • Adjusted Expense Ratio1.170%
  • Net Expense Ratio1.170%
  • Fee Level: DistributionLow
  • Share Class TypeRetirement, Medium
  • Morningstar CategorySecuritized Bond - Diversified
  • Fixed-Income Style Box (Funds)Medium/Moderate
  • Minimum Initial Investment$0
  • Investment StatusOpen
  • TTM Yield5.24%
  • Average Effective Duration5.76 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PGVRX

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

  • People Pillar

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

Complex and volatile.

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

Putnam Mortgage Securities’ uncertainties overwhelm its potential reward.

by Saraja Samant
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PGVRX

More PGVRX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings114.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association 5.5%

28.8785M
Securitized

Federal National Mortgage Association 2%

17.1951M
Securitized

Putnam Fds Tr

14.0041M
—

Federal National Mortgage Association 5%

12.9138M
Securitized

Federal National Mortgage Association 2.5%

11.3733M
Securitized

Federal National Mortgage Association 6%

9.3327M
Securitized

Federal National Mortgage Association 2%

5.3916M
Securitized

Federal National Mortgage Association 4.5%

5.0315M
Securitized

Federal National Mortgage Association 3%

4.9815M
Securitized

Government National Mortgage Association 5.5%

4.8814M
Securitized

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