Putnam Mortgage Securities R (PGVRX)

Fund Assets	365.04M
Expense Ratio	1.17%
Min. Investment	$500
Turnover	1,013.00%
Dividend (ttm)	0.39
Dividend Yield	5.06%
Dividend Growth	-66.85%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 26, 2026

Previous Close	7.63
YTD Return	1.51%
1-Year Return	2.95%
5-Year Return	2.40%
52-Week Low	7.63
52-Week High	7.90
Beta (5Y)	0.17
Holdings	481
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.

• Fund Family: Franklin Templeton, Inc
• Category: US Mortgage
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PGVRX
• Share Class: Class R Shares
• Index: Bloomberg US MBS TR

Performance

PGVRX had a total return of 2.95% 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	0.81%
FIKUX	Fidelity	Fidelity Advisor Mortgage Securities Z	0.36%
FMSAX	Fidelity	Fidelity Advisor Mortgage Securities M	0.81%
FMSFX	Fidelity	Fidelity Mortgage Securities Fund	0.45%
FOMCX	Fidelity	Fidelity Advisor Mortgage Securities C	1.60%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PUSYX	Class Y Shares	0.67%
PGSIX	Class A Shares	0.92%
PGVCX	Class C Shares	1.67%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 26, 2026	$0.0374	Aug 26, 2026
Jul 28, 2026	$0.0375	Jul 28, 2026
Jun 25, 2026	$0.0323	Jun 25, 2026
May 26, 2026	$0.0002	May 26, 2026
Apr 27, 2026	$0.0344	Apr 27, 2026
Mar 26, 2026	$0.0193	Mar 26, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Sep 22, 2026

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