Putnam Mortgage Securities C (PGVCX)
| Fund Assets | 409.48M |
| Expense Ratio | 1.70% |
| Min. Investment | $500 |
| Turnover | 1,383.00% |
| Dividend (ttm) | 1.10 |
| Dividend Yield | 14.02% |
| Dividend Growth | 36.54% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 25, 2025 |
| Previous Close | 7.79 |
| YTD Return | 5.52% |
| 1-Year Return | 4.48% |
| 5-Year Return | -2.85% |
| 52-Week Low | 7.45 |
| 52-Week High | 8.42 |
| Beta (5Y) | 0.30 |
| Holdings | 451 |
| Inception Date | Jul 26, 1999 |
About PGVCX
Putnam Mortgage Securities Fund Class C is a mutual fund focused on delivering a high level of current income consistent with capital preservation. The fund invests primarily in mortgage-backed securities, mortgage-related fixed income instruments, and derivatives, encompassing both investment-grade and below-investment-grade securities. Its diversified portfolio includes assets such as U.S. government agency mortgage securities and other securitized debt, offering exposure to the mortgage sector's unique risk and return characteristics. Classified as an intermediate-term core-plus bond fund, Putnam Mortgage Securities Fund Class C maintains flexibility to invest in non-core sectors like high-yield corporate bonds, bank loans, and emerging market debt, alongside its primary allocation to mortgages. This structure enables managers to adjust holdings in response to evolving market conditions, balancing factors such as credit risk, interest rate shifts, and prepayment dynamics. The fund plays a significant role for investors seeking stable income opportunities within the fixed income market, particularly those interested in leveraging the mortgage sector's potential while maintaining diversified exposure across the broader bond universe.
Performance
PGVCX had a total return of 4.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.53%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FMGAX | Fidelity | Fidelity Advisor Mortgage Securities A | 0.80% |
| FMSCX | Fidelity | Fidelity Advisor Mortgage Securities I | 0.57% |
| FIKUX | Fidelity | Fidelity Advisor Mortgage Securities Z | 0.36% |
| FMSAX | Fidelity | Fidelity Advisor Mortgage Securities M | 0.80% |
| FMSFX | Fidelity | Fidelity Mortgage Securities | 0.44% |
Top 10 Holdings
110.39% of assets| Name | Symbol | Weight |
|---|---|---|
| Federal National Mortgage Association 5.5% | FNCL.5.5 9.11 | 27.23% |
| Federal National Mortgage Association 6% | FNCL.6 9.11 | 18.61% |
| Federal National Mortgage Association 2% | FNCL.2 9.13 | 16.28% |
| Federal National Mortgage Association 2.5% | FNCL.2.5 9.11 | 14.08% |
| Federal National Mortgage Association 3.5% | FNCL.3.5 9.11 | 7.54% |
| Federal National Mortgage Association 3% | FNCL.3 9.11 | 7.23% |
| Federal National Mortgage Association 4% | FNCL.4 9.11 | 5.67% |
| Government National Mortgage Association 4.5% | G2SF.4.5 9.11 | 4.87% |
| Federal National Mortgage Association 4.5% | FNCL.4.5 9.11 | 4.62% |
| Government National Mortgage Association 3% | G2SF.3 9.11 | 4.26% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 25, 2025 | $0.0282 | Sep 25, 2025 |
| Aug 26, 2025 | $0.0262 | Aug 26, 2025 |
| Jul 28, 2025 | $0.0346 | Jul 28, 2025 |
| Jun 25, 2025 | $0.0227 | Jun 25, 2025 |
| May 27, 2025 | $0.0238 | May 27, 2025 |
| Apr 21, 2025 | $0.041 | Apr 21, 2025 |