Putnam Mortgage Securities R (PGVRX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
7.81
+0.04 (0.51%)
Oct 10, 2025, 4:00 PM EDT
0.51%
Fund Assets409.48M
Expense Ratio1.20%
Min. Investment$500
Turnover1,383.00%
Dividend (ttm)1.14
Dividend Yield14.59%
Dividend Growth34.53%
Payout FrequencyMonthly
Ex-Dividend DateSep 25, 2025
Previous Close7.77
YTD Return5.67%
1-Year Return4.62%
5-Year Return-0.67%
52-Week Low7.43
52-Week High8.40
Beta (5Y)n/a
Holdings451
Inception DateJan 21, 2003

About PGVRX

Putnam Mortgage Securities Fund Class R is a mutual fund focused on providing investors with a high level of current income while emphasizing the preservation of capital. Its primary function is to invest predominantly in a portfolio of mortgage-backed securities, many of which are backed by the full faith and credit of the U.S. government. The fund's holdings include a mix of agency pass-through securities, agency collateralized mortgage obligations (CMOs), and both commercial and residential mortgage-backed securities, with a noteworthy allocation to securities issued by major government-sponsored entities like the Federal National Mortgage Association and the Government National Mortgage Association. This fund is classified within the Intermediate Core-Plus Bond category and thus plays a significant role in diversified fixed income portfolios, especially for those seeking exposure to the U.S. mortgage market. With a monthly dividend payout, it is particularly attractive to investors emphasizing income generation. The fund manages risk by investing across various credit qualities and maturities, yet it predominantly maintains a high credit standard due to its focus on agency-backed securities. Through its active management and careful risk monitoring, Putnam Mortgage Securities Fund Class R seeks to deliver competitive income while offering potential diversification benefits within the broader bond market.

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

Performance

PGVRX had a total return of 4.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.42%.

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%
PGVCXClass C Shares1.70%

Top 10 Holdings

110.39% of assets
NameSymbolWeight
Federal National Mortgage Association 5.5%FNCL.5.5 9.1127.23%
Federal National Mortgage Association 6%FNCL.6 9.1118.61%
Federal National Mortgage Association 2%FNCL.2 9.1316.28%
Federal National Mortgage Association 2.5%FNCL.2.5 9.1114.08%
Federal National Mortgage Association 3.5%FNCL.3.5 9.117.54%
Federal National Mortgage Association 3%FNCL.3 9.117.23%
Federal National Mortgage Association 4%FNCL.4 9.115.67%
Government National Mortgage Association 4.5%G2SF.4.5 9.114.87%
Federal National Mortgage Association 4.5%FNCL.4.5 9.114.62%
Government National Mortgage Association 3%G2SF.3 9.114.26%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Sep 25, 2025$0.0315Sep 25, 2025
Aug 26, 2025$0.0292Aug 26, 2025
Jul 28, 2025$0.038Jul 28, 2025
Jun 25, 2025$0.0259Jun 25, 2025
May 27, 2025$0.0269May 27, 2025
Apr 21, 2025$0.044Apr 21, 2025
Full Dividend History