Brett Kozlowski, a comanager on Putnam Mortgage Securities Fund since 2011, departed the firm on Sept. 30, while Paul Varunok and Neil Dhruv joined the management roster. The strategy maintains continuity, as industry veteran and longtime lead manager Michael Salm remains, as does comanager Jatin Misra, who has worked alongside Salm on this strategy since 2017. Varunok and Dhruv are Franklin Templeton veterans with more than three decades of experience, and this reshuffling of the portfolio management squad is a part of a broader realignment of teams between Franklin Templeton and Putnam after Franklin’s early 2024 acquisition of Putnam. These developments don’t change the strategy’s Average People and Below Average Process ratings.
Putnam Mortgage Securities R6 POLYX
- NAV / 1-Day Return 8.42 / −0.59 %
- Total Assets 429.8 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.560%
- Distribution Fee Level High
- Share Class Type Retirement, Large
- Category Intermediate Core-Plus Bond
- Credit Quality / Interest Rate Sensitivity High/Moderate
- Min. Initial Investment 0
- Status Open
- TTM Yield 10.68%
- Effective Duration 6.26 years
USD | NAV as of Oct 05, 2024 | 1-Day Return as of Oct 05, 2024, 12:13 AM GMT+0
Morningstar’s Analysis POLYX
Will POLYX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 97.8
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Federal National Mortgage Association 5.5% | 23.75 | 102.7 Mil | Securitized |
Federal National Mortgage Association 2% | 19.49 | 84.3 Mil | Securitized |
Federal National Mortgage Association 5% | 17.68 | 76.5 Mil | Securitized |
Federal National Mortgage Association 6% | 16.72 | 72.3 Mil | Securitized |
Federal National Mortgage Association 2.5% | 14.00 | 60.6 Mil | Securitized |
Federal National Mortgage Association 3.5% | 7.03 | 30.4 Mil | Securitized |
Federal National Mortgage Association 3% | 6.77 | 29.3 Mil | Securitized |
Federal National Mortgage Association 4.5% | 5.85 | 25.3 Mil | Securitized |
Government National Mortgage Association 2.5% | 4.85 | 21.0 Mil | Securitized |
Government National Mortgage Association 2% | 4.48 | 19.4 Mil | Securitized |