Putnam Convertible Securities Fund Class C (PRCCX)
| Fund Assets | 527.77M |
| Expense Ratio | 1.77% |
| Min. Investment | $500 |
| Turnover | 61.00% |
| Dividend (ttm) | 1.29 |
| Dividend Yield | 4.73% |
| Dividend Growth | 685.92% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 22, 2025 |
| Previous Close | 27.29 |
| YTD Return | 4.47% |
| 1-Year Return | 19.64% |
| 5-Year Return | 15.70% |
| 52-Week Low | 22.51 |
| 52-Week High | 28.35 |
| Beta (5Y) | n/a |
| Holdings | 106 |
| Inception Date | Jun 29, 1972 |
About PRCCX
Putnam Convertible Securities Fund Class C is a mutual fund primarily focused on investing in convertible securities of U.S. companies. Convertible securities are unique financial instruments that blend characteristics of both bonds and stocks, providing investors with interest income while also offering the potential for equity-like appreciation. The fund’s main objective is to achieve capital preservation and growth by holding a diversified portfolio of these hybrid assets, which can convert into common stock under designated conditions. This fund plays a significant role in markets by offering exposure to sectors where companies frequently issue convertible bonds, such as technology, healthcare, and consumer industries. It is designed for investors seeking a balance of income generation and capital appreciation with lower volatility than pure equity investments. The fund distributes dividends quarterly and manages assets totaling over $600 million. By investing primarily in U.S. convertible bonds, the fund aims to provide a risk-adjusted return profile that can appeal to those who want diversification beyond traditional stock or bond funds while maintaining the flexibility to participate in the upside of underlying equities.
Performance
PRCCX had a total return of 19.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.82%.
Top 10 Holdings
24.65% of assets| Name | Symbol | Weight |
|---|---|---|
| Lumentum Holdings Inc. 0.375% | LITE.0.375 03.15.32 | 5.38% |
| Cash And Equivalents | n/a | 4.02% |
| Seagate HDD Cayman 3.5% | STX.3.5 06.01.28 | 2.74% |
| Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A | BA.6 10.15.27 | 2.37% |
| NextEra Energy Inc Unit (Corporate Units 15/02/2029) | NEE.7.375 02.15.29 | 2.04% |
| Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- | BAC.7.25 PERP L | 1.84% |
| Oracle Corp FR PRF PERPETUAL USD - DpSh 1/2000 Prf Sr D | ORCL.6.5 01.15.29 D | 1.80% |
| Western Digital Corp. 3% | WDC.3 11.15.28 | 1.68% |
| Guidewire Software Inc 1.25% | GWRE.1.25 11.01.29 | 1.39% |
| DoorDash Inc 0% | DASH.0 05.15.30 | 1.38% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 22, 2025 | $0.9814 | Dec 22, 2025 |
| Oct 20, 2025 | $0.1407 | Oct 20, 2025 |
| Jul 21, 2025 | $0.1683 | Jul 21, 2025 |
| Mar 6, 2025 | $0.250 | Mar 6, 2025 |
| Dec 6, 2024 | $0.090 | Dec 10, 2024 |
| Sep 6, 2024 | $0.038 | Sep 10, 2024 |