About POLYX
Putnam Mortgage Securities Fund Class R6 is a mutual fund that primarily targets income generation and capital preservation through diversified investments in mortgage-related fixed income securities. The fund's portfolio consists mainly of agency mortgage-backed securities (MBS), collateralized mortgage obligations, as well as non-agency residential and commercial mortgage-backed securities, and asset-backed securities. This investment approach exposes the fund to a range of credit qualities, including both investment-grade and below-investment-grade instruments. Served within the Intermediate Core-Plus Bond category, the fund aims to provide a steady stream of income, typically distributed on a monthly basis, while managing risk through diversification across 400+ holdings. The fund reports a moderate effective duration, reflecting sensitivity to interest rate changes, and is noted for its relatively high turnover, suggesting an active management strategy. Managed by Putnam, a firm with experience in mortgage-related fixed income markets, the fund plays a significant role for institutional and retirement investors seeking exposure to the U.S. mortgage sector, backed by large holdings in securities issued by agencies such as Fannie Mae and Ginnie Mae.
Fund Family Franklin Templeton Investments
Category US Mortgage
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol POLYX
Index Bloomberg US MBS TR
POLYX had a total return of 7.23% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.04%.
