From Feb. 20 through March 27, 2020, Putnam Mortgage Securities’ 10.7% loss underperformed its intermediate core-plus bond Morningstar Category median and its Bloomberg Barclays U.S. MBS Index benchmark by more than 7 and 12 percentage points, respectively.
Putnam Mortgage Securities Y PUSYX
NAV / 1-Day Return
11.92
/
0.51
%
Total Assets
782.2 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.500%
Expense Ratio
0.500%
Fee Level
Average
Longest Manager Tenure
12.86
years
Category
US Fund Intermediate Core-Plus Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
0
Status
Open
TTM Yield
5.07%
Effective Duration
1.19
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will PUSYX 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 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.
Putnam Mortgage Securities Underperforms During Meltdown; Ratings Unchanged
