Morningstar

Putnam Mortgage Securities Fund Class Y PUSYX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 7.49  /  +0.40 %
  • Total Assets 351.6M
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.660%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Securitized Bond - Diversified
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 5.82%
  • Effective Duration 4.94 years

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:31 AM GMT+0

Morningstar’s Analysis PUSYX

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

  • People Pillar

    The People Pillar is our evaluation of the PUSYX 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 PUSYX’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 PUSYX

More PUSYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 127.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association 5.5%

31.31 81M
Securitized

Federal National Mortgage Association 2%

20.46 53M
Securitized

Putnam Fds Tr

16.85 44M
—

Federal National Mortgage Association 2.5%

13.53 35M
Securitized

Federal National Mortgage Association 5%

11.54 30M
Securitized

Federal National Mortgage Association 6%

10.92 28M
Securitized

Federal National Mortgage Association 2%

6.27 16M
Securitized

Federal National Mortgage Association 4.5%

5.97 15M
Securitized

Federal National Mortgage Association 3%

5.92 15M
Securitized

Government National Mortgage Association 2.5%

5.16 13M
Securitized

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