Putnam Mortgage Securities C (PGVCX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
7.88
-0.01 (-0.13%)
Sep 12, 2025, 4:00 PM EDT
-0.13%
Fund Assets410.02M
Expense Ratio1.70%
Min. Investment$500
Turnover1,383.00%
Dividend (ttm)1.13
Dividend Yield14.34%
Dividend Growth42.53%
Payout FrequencyMonthly
Ex-Dividend DateAug 26, 2025
Previous Close7.89
YTD Return6.06%
1-Year Return2.66%
5-Year Return-1.83%
52-Week Low7.45
52-Week High8.69
Beta (5Y)0.29
Holdings448
Inception DateJul 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.

Fund Family Franklin Templeton Investments
Category Intermediate Core-Plus Bond
Stock Exchange NASDAQ
Ticker Symbol PGVCX
Share Class Class C Shares
Index Bloomberg US MBS TR

Performance

PGVCX had a total return of 2.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.56%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

SymbolProviderNameExpense Ratio
FMGAXFidelityFidelity Advisor Mortgage Securities A0.80%
FMSCXFidelityFidelity Advisor Mortgage Securities I0.57%
FIKUXFidelityFidelity Advisor Mortgage Securities Z0.36%
FMSAXFidelityFidelity Advisor Mortgage Securities M0.80%
FMSFXFidelityFidelity Mortgage Securities0.44%

Other Share Classes

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

SymbolShare ClassExpense Ratio
PUSYXClass Y Shares0.70%
PGSIXClass A Shares0.95%
PGVRXClass R Shares1.20%

Top 10 Holdings

105.92% of assets
NameSymbolWeight
Federal National Mortgage AssociationFNCL.5.5 8.1126.15%
Federal National Mortgage AssociationFNCL.6 8.1117.93%
Federal National Mortgage AssociationFNCL.2 8.1315.57%
Federal National Mortgage AssociationFNCL.2.5 8.1113.49%
Federal National Mortgage AssociationFNCL.3.5 8.117.24%
Federal National Mortgage AssociationFNCL.3 8.116.94%
Federal National Mortgage AssociationFNCL.4 8.115.44%
Government National Mortgage AssociationG2SF.4.5 8.114.66%
Federal National Mortgage AssociationFNCL.4.5 8.114.43%
Government National Mortgage AssociationG2SF.3 8.114.08%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Aug 26, 2025$0.0262Aug 26, 2025
Jul 28, 2025$0.0346Jul 28, 2025
Jun 25, 2025$0.0227Jun 25, 2025
May 27, 2025$0.0238May 27, 2025
Apr 21, 2025$0.041Apr 21, 2025
Mar 20, 2025$0.041Mar 20, 2025
Full Dividend History