Putnam Convertible Securities Fund (PCVRX)
| Fund Assets | 586.29M |
| Expense Ratio | 1.26% |
| Min. Investment | $500 |
| Turnover | 88.00% |
| Dividend (ttm) | 0.44 |
| Dividend Yield | 1.40% |
| Dividend Growth | n/a |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Apr 20, 2026 |
| Previous Close | 31.36 |
| YTD Return | 17.12% |
| 1-Year Return | 22.89% |
| 5-Year Return | 30.52% |
| 52-Week Low | 26.69 |
| 52-Week High | 33.23 |
| Beta (5Y) | 0.77 |
| Holdings | 107 |
| 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.
Performance
PCVRX had a total return of 22.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.18%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
26.70% of assets| Name | Symbol | Weight |
|---|---|---|
| Western Digital Corp. 3% | WDC.3 11.15.28 | 5.75% |
| Lumentum Holdings Inc. 0.375% | LITE.0.375 03.15.32 | 4.09% |
| Oracle Corp FR PRF PERPETUAL USD - DpSh 1/2000 Prf Sr D | ORCL.6.5 01.15.29 D | 2.74% |
| Cash And Equivalents | n/a | 2.73% |
| Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A | BA.6 10.15.27 | 2.44% |
| NextEra Energy Inc Unit (Corporate Units 15/02/2029) | NEE.7.375 02.15.29 | 1.98% |
| DigitalOcean Holdings Inc 0% | DOCN.0 08.15.30 | 1.96% |
| Bloom Energy Corporation 0% | BE.0 11.15.30 | 1.82% |
| Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- | BAC.7.25 PERP L | 1.60% |
| Snowflake Inc 0% | SNOW.0 10.01.29 | 1.59% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Dec 6, 2024 | $0.121 | Dec 10, 2024 |