About PCONX
Putnam Convertible Securities Fund Class A is a mutual fund that primarily invests in convertible securities issued by U.S. companies. These securities possess characteristics of both bonds and common stocks, offering income potential along with equity participation. The fund focuses on providing both current income and capital appreciation, with an additional objective of capital preservation. Under normal conditions, at least 80% of assets are allocated to convertible instruments, which can include bonds, preferred stocks, and similar instruments that may be converted into equity. This hybrid approach aims to capture much of the upside potential of equities while seeking to mitigate downside risk, similar to fixed income securities. The portfolio is broadly diversified, with significant allocations to the utilities and energy sectors, and holds over 100 positions. Established in 1972, the fund is actively managed and is recognized for its balanced strategy within the convertible securities market, serving investors seeking a blend of income, growth, and risk management.
Fund Family Franklin Templeton Investments
Category Convertibles
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol PCONX
Share Class Class A Shares
Index ICE BofA All Convertibles/Qlt TR
PCONX had a total return of 20.28% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.81%.
