Putnam Convertible Securities R6 (PCNTX)
| Fund Assets | 515.67M |
| Expense Ratio | 0.72% |
| Min. Investment | $500 |
| Turnover | 61.00% |
| Dividend (ttm) | 0.63 |
| Dividend Yield | 2.23% |
| Dividend Growth | n/a |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jul 21, 2025 |
| Previous Close | 28.22 |
| YTD Return | 9.39% |
| 1-Year Return | 14.69% |
| 5-Year Return | 36.03% |
| 52-Week Low | 23.07 |
| 52-Week High | 28.22 |
| Beta (5Y) | n/a |
| Holdings | 104 |
| Inception Date | May 22, 2018 |
About PCNTX
Putnam Convertible Securities Fund Class R6 is an open-ended mutual fund managed by Putnam Investment Management, focusing on the United States fixed income markets. The fund primarily invests in convertible securities, such as bonds, preferred stocks, and other instruments that can be converted into or exchanged for common stock or its equivalent value. These securities provide a blend of features found in both traditional bonds and equities, offering potential for both income and growth. A significant portion of the fund’s holdings are in below-investment-grade securities, targeting investments with intermediate-to-long-term maturities. The fund’s main objectives are to seek current income and capital appreciation, while also aiming for conservation of capital as a secondary goal. Putnam Convertible Securities Fund Class R6 utilizes fundamental analysis to evaluate potential investments, focusing on structural characteristics, credit and prepayment risks, as well as the underlying company’s financial strength, growth prospects, and competitive position. The fund benchmarks its performance against the ICE BofA U.S. Convertible Index, reflecting its role as a specialist strategy within the convertible securities segment of the broader U.S. financial market.
Performance
PCNTX had a total return of 14.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.42%.
Top 10 Holdings
21.68% of assets| Name | Symbol | Weight |
|---|---|---|
| Net Cash | n/a | 3.55% |
| Strategy Inc. | MSTR.0 03.01.30 | 2.82% |
| Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A | BA.6 10.15.27 | 2.59% |
| Seagate HDD Cayman | STX.3.5 06.01.28 | 2.54% |
| Guidewire Software Inc | GWRE.1.25 11.01.29 | 1.96% |
| Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- | BAC.7.25 PERP L | 1.84% |
| Wayfair Inc | W.3.25 09.15.27 | 1.70% |
| Datadog Inc | DDOG.0 12.01.29 | 1.65% |
| NextEra Energy Inc Unit ( 6.926% Corporate Units 01/09/2025) | NEE.6.926 09.01.25 | 1.53% |
| Apollo Asset Management, Inc. 6.75% PRF CONVERT 31/07/2026 USD 50 - Ser A | APO.6.75 07.31.26 | 1.50% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 21, 2025 | $0.2542 | Jul 21, 2025 |
| Mar 6, 2025 | $0.214 | Mar 6, 2025 |
| Dec 6, 2024 | $0.159 | Dec 10, 2024 |
| Sep 6, 2024 | $0.102 | Sep 10, 2024 |
| Jun 6, 2024 | $0.101 | Jun 10, 2024 |
| Mar 7, 2024 | $0.094 | Mar 11, 2024 |