Morningstar

Putnam Mortgage Securities Y PUSYX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 8.41  /  −0.71 %
  • Total Assets 432.8 Mil
  • Adj. Expense Ratio
    0.720%
  • Expense Ratio 0.720%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 10.54%
  • 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 PUSYX

Will PUSYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PUSYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PUSYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PUSYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Portfolio Management Lineup Changes at Putnam Mortgage Securities; Ratings Unchanged

null Saraja Samant

Saraja Samant

Analyst Note

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.

by Saraja Samant
Published on

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Portfolio Holdings PUSYX

More PUSYX Holdings
  • 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

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