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.
- NAV / 1-Day Return 8.28 / 0.49 %
- Total Assets 409.9 Mil
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Adj. Expense Ratio
- 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.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings 0
- Bond Holdings 409
- Other Holdings 137
- % Assets in Top 10 Holdings 65.7