Putnam Mortgage Securities R (PGVRX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
7.85
-0.01 (-0.13%)
Sep 12, 2025, 4:00 PM EDT
-0.13%
Fund Assets410.02M
Expense Ratio1.20%
Min. Investment$500
Turnover1,383.00%
Dividend (ttm)1.17
Dividend Yield14.90%
Dividend Growth40.46%
Payout FrequencyMonthly
Ex-Dividend DateAug 26, 2025
Previous Close7.86
YTD Return6.21%
1-Year Return2.84%
5-Year Return0.42%
52-Week Low7.43
52-Week High8.66
Beta (5Y)n/a
Holdings448
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 2.84% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.45%.

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

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$0.0292Aug 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
Mar 20, 2025$0.044Mar 20, 2025
Full Dividend History