Putnam Mortgage Securities R (PGVRX)
| Fund Assets | 409.48M |
| Expense Ratio | 1.20% |
| Min. Investment | $500 |
| Turnover | 1,383.00% |
| Dividend (ttm) | 1.08 |
| Dividend Yield | 13.91% |
| Dividend Growth | 23.98% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 24, 2025 |
| Previous Close | 7.81 |
| YTD Return | 9.79% |
| 1-Year Return | 9.72% |
| 5-Year Return | 2.06% |
| 52-Week Low | 7.02 |
| 52-Week High | 7.81 |
| Beta (5Y) | n/a |
| Holdings | 448 |
| Inception Date | Jan 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.
Performance
PGVRX had a total return of 9.72% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.22%.
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
125.07% of assets| Name | Symbol | Weight |
|---|---|---|
| Federal National Mortgage Association | FNCL.5.5 11.11 | 27.25% |
| Federal National Mortgage Association | FNCL.6 11.11 | 18.56% |
| Federal National Mortgage Association | FNCL.6.5 11.11 | 18.01% |
| Federal National Mortgage Association | FNCL.2 11.13 | 16.56% |
| Federal National Mortgage Association | FNCL.2.5 11.11 | 14.34% |
| Federal National Mortgage Association | FNCL.3.5 11.11 | 7.67% |
| Federal National Mortgage Association | FNCL.3 11.11 | 7.37% |
| Federal National Mortgage Association | FNCL.4 11.11 | 5.74% |
| Government National Mortgage Association | G2SF.4.5 11.11 | 4.92% |
| Federal National Mortgage Association | FNCL.4.5 11.11 | 4.67% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 24, 2025 | $0.0327 | Nov 24, 2025 |
| Oct 28, 2025 | $0.0366 | Oct 28, 2025 |
| Sep 25, 2025 | $0.0315 | Sep 25, 2025 |
| Aug 26, 2025 | $0.0292 | Aug 26, 2025 |
| Jul 28, 2025 | $0.038 | Jul 28, 2025 |
| Jun 25, 2025 | $0.0259 | Jun 25, 2025 |