Putnam Mortgage Opportunities Fund Class A Shares (PMORX)
| Fund Assets | 473.35M |
| Expense Ratio | 0.85% |
| Min. Investment | $500 |
| Turnover | 966.00% |
| Dividend (ttm) | 0.45 |
| Dividend Yield | 4.76% |
| Dividend Growth | -16.70% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 27, 2026 |
| Previous Close | 9.04 |
| YTD Return | 3.30% |
| 1-Year Return | 5.10% |
| 5-Year Return | 23.40% |
| 52-Week Low | 8.81 |
| 52-Week High | 9.05 |
| Beta (5Y) | n/a |
| Holdings | 449 |
| Inception Date | Jul 1, 2019 |
About PMORX
Putnam Mortgage Opportunities Fund Class A is an actively managed mutual fund focused on the U.S. mortgage market. Its primary objective is to maximize total return within prudent risk parameters by investing across residential and commercial mortgage-backed securities, including agency pass-throughs, collateralized mortgage obligations, and non-agency sectors, as well as related derivatives to manage interest-rate and prepayment exposures. The portfolio spans both investment-grade and below-investment-grade credit, allowing flexibility to allocate among cash flows across the mortgage capital structure. Classified in the nontraditional bond category, the strategy targets a short effective duration profile, reflecting an emphasis on limiting interest-rate sensitivity while pursuing income and spread opportunities in securitized assets. The fund distributes income monthly and maintains a relatively low minimum initial investment for retail investors. By concentrating on mortgage credit and prepayment dynamics, Putnam Mortgage Opportunities Fund Class A serves as a specialized fixed income holding that can complement core bond allocations with diversified exposure to agency and non-agency mortgage markets under an active, risk-aware mandate.
Performance
PMORX had a total return of 5.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.47%.
Top 10 Holdings
122.33% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash And Equivalents | n/a | 69.16% |
| Federal National Mortgage Association 5.5% | FNCL.5.5 4.11 | 26.22% |
| Federal National Mortgage Association 6% | FNCL.6 4.11 | 11.42% |
| Federal National Mortgage Association 4.5% | FNCL.4.5 4.11 | 5.62% |
| Federal National Mortgage Association 5% | FNCL.5 4.11 | 3.09% |
| Government National Mortgage Association 6% | G2SF.6 4.11 | 2.96% |
| Federal National Mortgage Association 3% | FNCL.3 4.11 | 1.18% |
| Federal Home Loan Mortgage Corp. 12.12638% | STACR.2019-FTR1 B2 | 1.03% |
| Federal Home Loan Mortgage Corp. 14.77638% | STACR.2018-HQA2 B2 | 0.82% |
| CFMT 2024-HB13 LLC 3% | CFMT.2024-HB13 M1 | 0.82% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 27, 2026 | $0.0139 | Apr 27, 2026 |
| Mar 26, 2026 | $0.0076 | Mar 26, 2026 |
| Feb 24, 2026 | $0.0332 | Feb 24, 2026 |
| Jan 27, 2026 | $0.0124 | Jan 27, 2026 |
| Dec 26, 2025 | $0.1149 | Dec 26, 2025 |
| Nov 24, 2025 | $0.0367 | Nov 24, 2025 |