About PGSIX
Putnam Mortgage Securities Fund Class A is a mutual fund specializing in the mortgage-backed securities sector within the fixed income asset class. Its primary objective is to provide a high level of current income while aiming to preserve capital. The fund invests mainly in a diversified portfolio of mortgages and mortgage-related fixed income securities, including those backed by U.S. government agencies such as Ginnie Mae, Fannie Mae, and Freddie Mac, as well as non-agency, sometimes lower-rated, higher-yielding mortgage-backed securities. It also allocates to commercial mortgage-backed securities, collateralized mortgage obligations, and various derivatives to manage risk and optimize exposure.
The fund targets both investment-grade and below-investment-grade securities, adapting to various credit, interest rate, and prepayment risk environments. This blend allows the fund exposure to a broad mortgage market, impacting both residential and commercial real estate finance sectors. With professional management and a strategy responsive to credit conditions and market trends, Putnam Mortgage Securities Fund Class A plays a significant role for investors seeking fixed income diversification and income generation in their portfolios, particularly through securities linked directly to the performance of the U.S. real estate and housing finance markets.
Fund Family Franklin Templeton Investments
Category US Mortgage
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol PGSIX
Share Class Class A Shares
Index Bloomberg US MBS TR
PGSIX had a total return of 6.18% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.87%.
