Putnam Convertible Securities R (PCVRX)

Fund Assets	537.40M
Expense Ratio	1.242%
Min. Investment	$500
Turnover	88.00%
Dividend (ttm)	0.25
Dividend Yield	0.84%
Dividend Growth	-63.92%
Payout Frequency	Quarterly
Ex-Dividend Date	Jul 20, 2026

Previous Close	28.98
YTD Return	7.96%
1-Year Return	5.28%
5-Year Return	18.12%
52-Week Low	26.75
52-Week High	33.23
Beta (5Y)	0.77
Holdings	111
Inception Date	Dec 1, 2003

About PCVRX

Putnam Convertible Securities Fund Class R is a mutual fund focused on investing primarily in convertible securities issued by U.S. companies. Convertible securities, including bonds and preferred stocks, offer a blend of characteristics from both equities and fixed income; they can be converted into shares of stock, typically at a predetermined price. This dual nature aims to provide investors with some of the capital appreciation potential seen in stocks, while also offering the relative safety and yield typical of bonds. The fund’s portfolio features a diversified mix, with significant allocations to large- and medium-capitalization companies, and is actively managed to balance risk and return. With approximately 100 holdings, the fund allocates most of its assets to convertible instruments—nearly 80%—alongside a smaller portion in preferred securities and cash. It pays quarterly dividends and targets investors seeking a blend of growth and income within the convertible securities category, playing a unique role in providing access to hybrid securities that can perform across different market environments.

• Fund Family: Franklin Templeton, Inc
• Category: Convertibles
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PCVRX
• Share Class: Class R Shares
• Index: ICE BofA All Convertibles/Qlt TR

Performance

PCVRX had a total return of 5.28% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.70%.

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 Secs Z	0.55%
FTCVX	Fidelity	Fidelity Advisor Convertible Secs M	1.20%
FCCVX	Fidelity	Fidelity Advisor Convertible Secs C	1.71%
FICVX	Fidelity	Fidelity Advisor Convertible Secs I	0.67%
FACVX	Fidelity	Fidelity Advisor Convertible Secs A	0.95%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PCGYX	Class Y Shares	0.76%
PCONX	Class A Shares	1.01%

Top 10 Holdings

21.49% of assets

Name	Symbol	Weight
Lumentum Holdings Inc. 0.375%	LITE.0.375 03.15.32	2.73%
Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A	BA.6 10.15.27	2.37%
Putnam Fds Tr	n/a	2.32%
Alphabet Inc PRF PERPETUAL USD 1000 - 1/20th Int Ser A	GOOGL.6.25 05.15.29 A	2.26%
Alphabet Inc PRF PERPETUAL USD 1000 - 1/20th Int Ser B	GOOGL.6.25 05.15.29 B	2.25%
Snowflake Inc 0%	SNOW.0 10.01.29	2.12%
NextEra Energy Inc Unit (Corporate Units 15/02/2029)	NEE.7.375 02.15.29	2.04%
Oracle Corp FR PRF PERPETUAL USD - DpSh 1/2000 Prf Sr D	ORCL.6.5 01.15.29 D	1.85%
Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L-	BAC.7.25 PERP L	1.83%
Western Digital Corp. 3%	WDC.3 11.15.28	1.70%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 20, 2026	$0.0203	Jul 20, 2026
Apr 20, 2026	$0.0093	Apr 20, 2026
Dec 22, 2025	$0.0357	Dec 22, 2025
Oct 20, 2025	$0.1808	Oct 20, 2025
Jul 21, 2025	$0.2121	Jul 21, 2025
Mar 6, 2025	$0.280	Mar 6, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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