Putnam Convertible Securities Fund Class A (PCONX)
| Fund Assets | 561.43M |
| Expense Ratio | 1.03% |
| Min. Investment | $500 |
| Turnover | 88.00% |
| Dividend (ttm) | 0.76 |
| Dividend Yield | 2.25% |
| Dividend Growth | n/a |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Apr 20, 2026 |
| Previous Close | 31.77 |
| YTD Return | 15.46% |
| 1-Year Return | 24.99% |
| 5-Year Return | 36.19% |
| 52-Week Low | 25.90 |
| 52-Week High | 32.46 |
| Beta (5Y) | 0.65 |
| Holdings | 110 |
| Inception Date | Jun 29, 1972 |
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.
Performance
PCONX had a total return of 24.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.84%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIQVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class Z | 0.55% |
| FTCVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class M | 1.19% |
| FCCVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class C | 1.71% |
| FICVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class I | 0.68% |
| FACVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class A | 0.94% |
Top 10 Holdings
23.35% of assets| Name | Symbol | Weight |
|---|---|---|
| Lumentum Holdings Inc. 0.375% | LITE.0.375 03.15.32 | 5.76% |
| Western Digital Corp. 3% | WDC.3 11.15.28 | 2.49% |
| Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A | BA.6 10.15.27 | 2.36% |
| NextEra Energy Inc Unit (Corporate Units 15/02/2029) | NEE.7.375 02.15.29 | 2.13% |
| Oracle Corp FR PRF PERPETUAL USD - DpSh 1/2000 Prf Sr D | ORCL.6.5 01.15.29 D | 2.06% |
| Seagate HDD Cayman 3.5% | STX.3.5 06.01.28 | 1.98% |
| Cash And Equivalents | n/a | 1.87% |
| Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- | BAC.7.25 PERP L | 1.84% |
| Guidewire Software Inc 1.25% | GWRE.1.25 11.01.29 | 1.44% |
| PPL Capital Funding Inc. 2.875% | PPL.2.875 03.15.28 | 1.42% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 20, 2026 | $0.0259 | Apr 20, 2026 |
| Dec 22, 2025 | $0.0521 | Dec 22, 2025 |
| Oct 20, 2025 | $0.1959 | Oct 20, 2025 |
| Jul 21, 2025 | $0.2297 | Jul 21, 2025 |
| Mar 6, 2025 | $0.297 | Mar 6, 2025 |
| Dec 6, 2024 | $0.139 | Dec 10, 2024 |