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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$23.48

$577 M

1.06%

$0.25

1.30%

Vitals

YTD Return

1.8%

1 yr return

11.2%

3 Yr Avg Return

-2.1%

5 Yr Avg Return

8.8%

Net Assets

$577 M

Holdings in Top 10

21.2%

52 WEEK LOW AND HIGH

$23.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 78.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$23.48

$577 M

1.06%

$0.25

1.30%

PCVRX - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return -2.1%
  • 5 Yr Annualized Total Return 8.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.06%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    PUTNAM CONVERTIBLE SECURITIES FUND
  • Fund Family Name
    Putnam Family of Funds
  • Inception Date
    Apr 13, 2005
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Salvin

Fund Description

Investments

We invest mainly in convertible securities of U.S. companies. Under normal circumstances, we invest at least 80% of the fund’s net assets in convertible securities. This policy may be changed only after 60 days’ notice to shareholders. Convertible securities combine the investment characteristics of bonds and common stocks. Convertible securities include bonds, preferred stocks and other instruments that can be converted into or exchanged for common stock or equivalent value. A significant portion of the convertible securities we buy are below-investment-grade (sometimes referred to as “junk bonds”). The convertible bonds we buy usually have intermediate-to long-term stated maturities (i.e., three years or longer), but often contain “put” features, which allow bondholders to sell the bond back to the company under specified circumstances, that result in shorter effective maturities. When deciding whether to buy or sell investments, we may consider, among other factors: (i) a security’s structural features, such as its position in a company’s capital structure and “put” and “call” features (a company’s right to repurchase the security under specified circumstances is a “call” feature); (ii) credit and prepayment risks; and (iii) with respect to a company’s common stock underlying a convertible security, the stock’s valuation and the company’s financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends.

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PCVRX - Performance

Return Ranking - Trailing

Period PCVRX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -3.1% 4.5% 59.76%
1 Yr 11.2% -9.4% 14.9% 51.22%
3 Yr -2.1%* -16.9% 1.5% 56.79%
5 Yr 8.8%* -6.2% 12.2% 62.34%
10 Yr 7.2%* -0.9% 10.0% 52.46%

* Annualized

Return Ranking - Calendar

Period PCVRX Return Category Return Low Category Return High Rank in Category (%)
2023 9.0% -7.7% 13.1% 25.00%
2022 -19.8% -37.8% -9.7% 40.96%
2021 -18.1% -18.9% 2.4% 91.57%
2020 29.4% 5.8% 54.0% 54.43%
2019 15.2% 9.9% 24.4% 54.43%

Total Return Ranking - Trailing

Period PCVRX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -3.1% 4.5% 59.76%
1 Yr 11.2% -9.4% 14.9% 51.22%
3 Yr -2.1%* -16.9% 1.5% 56.79%
5 Yr 8.8%* -6.2% 12.2% 62.34%
10 Yr 7.2%* -0.9% 10.0% 52.46%

* Annualized

Total Return Ranking - Calendar

Period PCVRX Return Category Return Low Category Return High Rank in Category (%)
2023 9.8% -7.7% 15.3% 38.10%
2022 -19.2% -37.8% -9.7% 54.22%
2021 3.7% -12.2% 11.3% 55.42%
2020 44.6% 5.8% 64.4% 49.37%
2019 24.0% 12.2% 28.7% 49.37%

NAV & Total Return History


PCVRX - Holdings

Concentration Analysis

PCVRX Category Low Category High PCVRX % Rank
Net Assets 577 M 20.2 M 4.43 B 67.44%
Number of Holdings 125 40 381 27.91%
Net Assets in Top 10 115 M 4.58 M 632 M 72.09%
Weighting of Top 10 21.22% 9.5% 50.5% 66.28%

Top 10 Holdings

  1. SHORT TERM INV FUND 4.41%
  2. CONV. NOTE 2.27%
  3. CONVERTIBLE PREF 2.15%
  4. CONVERTIBLE PREF 2.01%
  5. CONV. NOTE 1.98%
  6. CONV. NOTE 1.82%
  7. CONV. NOTE 1.74%
  8. CONVERTIBLE BONDS 1.72%
  9. CONV. NOTE 1.55%
  10. CONV. NOTE 1.54%

Asset Allocation

Weighting Return Low Return High PCVRX % Rank
Bonds
84.05% 0.00% 141.12% 74.42%
Convertible Bonds
71.65% 33.22% 110.54% 80.23%
Preferred Stocks
7.83% 0.00% 22.50% 22.09%
Cash
5.90% -78.94% 18.48% 18.60%
Stocks
3.51% 0.00% 23.09% 48.84%
Other
0.00% -17.11% 0.97% 77.91%

Stock Sector Breakdown

Weighting Return Low Return High PCVRX % Rank
Utilities
62.23% 0.00% 100.00% 58.44%
Healthcare
8.64% 0.00% 20.31% 36.36%
Financial Services
8.45% 0.00% 20.48% 20.78%
Technology
6.18% 0.00% 23.73% 19.48%
Consumer Defense
5.25% 0.00% 25.78% 20.78%
Consumer Cyclical
4.81% 0.00% 24.79% 16.88%
Industrials
4.43% 0.00% 23.08% 42.86%
Real Estate
0.00% 0.00% 27.87% 88.31%
Energy
0.00% 0.00% 40.56% 88.31%
Communication Services
0.00% 0.00% 100.00% 87.01%
Basic Materials
0.00% 0.00% 24.08% 89.61%

Stock Geographic Breakdown

Weighting Return Low Return High PCVRX % Rank
US
3.51% 0.00% 22.42% 48.84%
Non US
0.00% 0.00% 1.55% 84.88%

Bond Sector Breakdown

Weighting Return Low Return High PCVRX % Rank
Corporate
93.69% 91.11% 100.00% 91.86%
Cash & Equivalents
5.90% 0.00% 18.32% 22.09%
Derivative
0.00% -0.03% 0.94% 66.28%
Securitized
0.00% 0.00% 0.00% 84.88%
Municipal
0.00% 0.00% 0.00% 84.88%
Government
0.00% 0.00% 2.94% 86.05%

Bond Geographic Breakdown

Weighting Return Low Return High PCVRX % Rank
US
83.45% 0.00% 141.12% 70.93%
Non US
0.60% 0.00% 18.83% 22.09%

PCVRX - Expenses

Operational Fees

PCVRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.30% 0.20% 3.16% 40.70%
Management Fee 0.62% 0.20% 1.23% 40.00%
12b-1 Fee 0.50% 0.00% 1.00% 66.67%
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

PCVRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PCVRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 73.68%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PCVRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 78.00% 30.00% 154.00% 56.58%

PCVRX - Distributions

Dividend Yield Analysis

PCVRX Category Low Category High PCVRX % Rank
Dividend Yield 1.06% 0.00% 13.84% 86.05%

Dividend Distribution Analysis

PCVRX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Quarterly Quarterly

Net Income Ratio Analysis

PCVRX Category Low Category High PCVRX % Rank
Net Income Ratio 0.06% -3.72% 10.32% 70.59%

Capital Gain Distribution Analysis

PCVRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

PCVRX - Fund Manager Analysis

Managers

Robert Salvin


Start Date

Tenure

Tenure Rank

Feb 28, 2006

16.26

16.3%

Mr. Salvin is a Portfolio Manager of Putnam's global credit strategies. He is responsible for managing convertible securities, U.S. high-yield, global high-yield, and floating rate loan strategies. Mr. Salvin joined Putnam in 2000 and has been in the investment industry since 1986. Prior to joining Putnam, Mr. Salvin was a Managing Director at BancBoston Robertson Stephens from 1997 to 1999, a Director at SBC Warburg Inc. from 1996 to 1997, an Associate at Chase Securities from 1993 to 1996, and an Analyst at Broadview Associates from 1986 to 1991.

Anthony Daigle


Start Date

Tenure

Tenure Rank

Jun 30, 2017

4.92

4.9%

Anthony Daigle is currently a Portfolio Manager in the Putnam Investment Management, LLC. He previously served as an analyst at the firm.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 36.97 10.12 7.42