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Putnam Mortgage Securities R PGVRX

Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.33  /  −0.12 %
  • Total Assets 419.6 Mil
  • Adj. Expense Ratio
    1.220%
  • Expense Ratio 1.220%
  • Distribution Fee Level High
  • Share Class Type Retirement, Medium
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment
  • Status Open
  • TTM Yield 8.44%
  • Effective Duration 5.92 years

USD | NAV as of Feb 26, 2024 | 1-Day Return as of Feb 26, 2024, 11:14 PM GMT+0

Morningstar’s Analysis PGVRX

Will PGVRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Exceptional complexity and volatility.

Senior Analyst Peter Marchese

Peter Marchese

Senior Analyst

Summary

Putnam Mortgage Securities is not for the faint of heart. The experienced managers use an uncommon strategy that focuses on hedging or adding exposure to various risks and makes liberal use of derivatives to do so. However, the execution of this complex process has led to mediocre returns. Most of the share classes retain a Morningstar Analyst Rating of Neutral, while its most expensive B and C share classes stay at Negative.

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Portfolio Holdings PGVRX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 65.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association 2%

19.42 83.2 Mil
Securitized

Federal National Mortgage Association 6%

15.49 66.3 Mil
Securitized

Federal National Mortgage Association 2.5%

13.97 59.8 Mil
Securitized

Federal National Mortgage Association 3.5%

9.59 41.1 Mil
Securitized

Federal National Mortgage Association 5.5%

8.67 37.1 Mil
Securitized

Federal National Mortgage Association 3%

6.76 29.0 Mil
Securitized

Federal National Mortgage Association 4%

6.60 28.3 Mil
Securitized

Federal National Mortgage Association 4.5%

5.88 25.2 Mil
Securitized

Government National Mortgage Association 2.5%

4.85 20.8 Mil
Securitized

Government National Mortgage Association 2%

4.48 19.2 Mil
Securitized