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Putnam Mortgage Securities Y PUSYX

Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 8.28  /  0.49 %
  • Total Assets 409.9 Mil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.670%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity High / Moderate
  • Min. Initial Investment
  • Status Open
  • TTM Yield 15.71%
  • Effective Duration 6.46 years

Morningstar’s Analysis PUSYX

Will PUSYX 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 PUSYX

  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 409
  • Other Holdings 137
  • % Assets in Top 10 Holdings 65.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association 2%

20.25
80,741,287
Securitized

Federal National Mortgage Association 2.5%

19.41
77,395,199
Securitized

Federal National Mortgage Association 6%

18.64
74,334,816
Securitized

Federal National Mortgage Association 3.5%

9.39
37,453,712
Securitized

Federal National Mortgage Association 3%

7.01
27,968,556
Securitized

Federal National Mortgage Association 4%

6.50
25,919,532
Securitized

Federal National Mortgage Association 4.5%

5.83
23,229,375
Securitized

Government National Mortgage Association 2.5%

4.79
19,090,229
Securitized

Government National Mortgage Association 2%

4.44
17,716,840
Securitized

Federal National Mortgage Association 5%

3.93
15,671,210
Securitized