Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.7%
1 yr return
10.6%
3 Yr Avg Return
-2.6%
5 Yr Avg Return
8.2%
Net Assets
$577 M
Holdings in Top 10
21.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.80%
SALES FEES
Front Load N/A
Deferred Load 5.00%
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 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PCNBX - Profile
Distributions
- YTD Total Return 1.7%
- 3 Yr Annualized Total Return -2.6%
- 5 Yr Annualized Total Return 8.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.42%
- Dividend Yield 0.5%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NamePUTNAM CONVERTIBLE SECURITIES FUND
-
Fund Family NamePutnam Family of Funds
-
Inception DateFeb 17, 1994
-
Shares OutstandingN/A
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert 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.
PCNBX - Performance
Return Ranking - Trailing
Period | PCNBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.7% | -3.6% | 4.4% | 65.85% |
1 Yr | 10.6% | -9.9% | 14.8% | 69.51% |
3 Yr | -2.6%* | -16.8% | 1.9% | 65.43% |
5 Yr | 8.2%* | -6.3% | 12.0% | 67.53% |
10 Yr | 6.6%* | -1.0% | 10.0% | 68.85% |
* Annualized
Return Ranking - Calendar
Period | PCNBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.1% | -7.7% | 13.1% | 10.71% |
2022 | -19.9% | -37.8% | -9.7% | 45.78% |
2021 | -18.9% | -18.9% | 2.4% | 98.80% |
2020 | 29.1% | 5.8% | 54.0% | 56.96% |
2019 | 15.1% | 9.9% | 24.4% | 56.96% |
Total Return Ranking - Trailing
Period | PCNBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.7% | -3.6% | 4.4% | 65.85% |
1 Yr | 10.6% | -9.9% | 14.8% | 69.51% |
3 Yr | -2.6%* | -16.8% | 1.9% | 65.43% |
5 Yr | 8.2%* | -6.3% | 12.0% | 67.53% |
10 Yr | 6.6%* | -1.0% | 10.0% | 68.85% |
* Annualized
Total Return Ranking - Calendar
Period | PCNBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.2% | -7.7% | 15.3% | 40.48% |
2022 | -19.5% | -37.8% | -9.7% | 61.45% |
2021 | 3.2% | -12.2% | 11.3% | 60.24% |
2020 | 43.9% | 5.8% | 64.4% | 53.16% |
2019 | 23.4% | 12.2% | 28.7% | 55.70% |
NAV & Total Return History
PCNBX - Holdings
Concentration Analysis
PCNBX | Category Low | Category High | PCNBX % Rank | |
---|---|---|---|---|
Net Assets | 577 M | 20.2 M | 4.43 B | 68.60% |
Number of Holdings | 125 | 40 | 381 | 29.07% |
Net Assets in Top 10 | 115 M | 4.58 M | 632 M | 73.26% |
Weighting of Top 10 | 21.22% | 9.5% | 50.5% | 67.44% |
Top 10 Holdings
- SHORT TERM INV FUND 4.41%
- CONV. NOTE 2.27%
- CONVERTIBLE PREF 2.15%
- CONVERTIBLE PREF 2.01%
- CONV. NOTE 1.98%
- CONV. NOTE 1.82%
- CONV. NOTE 1.74%
- CONVERTIBLE BONDS 1.72%
- CONV. NOTE 1.55%
- CONV. NOTE 1.54%
Asset Allocation
Weighting | Return Low | Return High | PCNBX % Rank | |
---|---|---|---|---|
Bonds | 84.05% | 0.00% | 141.12% | 75.58% |
Convertible Bonds | 71.65% | 33.22% | 110.54% | 81.40% |
Preferred Stocks | 7.83% | 0.00% | 22.50% | 23.26% |
Cash | 5.90% | -78.94% | 18.48% | 19.77% |
Stocks | 3.51% | 0.00% | 23.09% | 50.00% |
Other | 0.00% | -17.11% | 0.97% | 79.07% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PCNBX % Rank | |
---|---|---|---|---|
Utilities | 62.23% | 0.00% | 100.00% | 59.74% |
Healthcare | 8.64% | 0.00% | 20.31% | 37.66% |
Financial Services | 8.45% | 0.00% | 20.48% | 22.08% |
Technology | 6.18% | 0.00% | 23.73% | 20.78% |
Consumer Defense | 5.25% | 0.00% | 25.78% | 22.08% |
Consumer Cyclical | 4.81% | 0.00% | 24.79% | 18.18% |
Industrials | 4.43% | 0.00% | 23.08% | 44.16% |
Real Estate | 0.00% | 0.00% | 27.87% | 89.61% |
Energy | 0.00% | 0.00% | 40.56% | 89.61% |
Communication Services | 0.00% | 0.00% | 100.00% | 88.31% |
Basic Materials | 0.00% | 0.00% | 24.08% | 90.91% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PCNBX % Rank | |
---|---|---|---|---|
US | 3.51% | 0.00% | 22.42% | 50.00% |
Non US | 0.00% | 0.00% | 1.55% | 86.05% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PCNBX % Rank | |
---|---|---|---|---|
Corporate | 93.69% | 91.11% | 100.00% | 93.02% |
Cash & Equivalents | 5.90% | 0.00% | 18.32% | 23.26% |
Derivative | 0.00% | -0.03% | 0.94% | 67.44% |
Securitized | 0.00% | 0.00% | 0.00% | 86.05% |
Municipal | 0.00% | 0.00% | 0.00% | 86.05% |
Government | 0.00% | 0.00% | 2.94% | 87.21% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PCNBX % Rank | |
---|---|---|---|---|
US | 83.45% | 0.00% | 141.12% | 72.09% |
Non US | 0.60% | 0.00% | 18.83% | 23.26% |
PCNBX - Expenses
Operational Fees
PCNBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.80% | 0.20% | 3.16% | 17.44% |
Management Fee | 0.62% | 0.20% | 1.23% | 41.18% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 100.00% |
Administrative Fee | N/A | 0.04% | 0.15% | N/A |
Sales Fees
PCNBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | 5.00% | 1.00% | 5.00% | 14.29% |
Trading Fees
PCNBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | 68.42% |
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.
PCNBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 78.00% | 30.00% | 154.00% | 57.89% |
PCNBX - Distributions
Dividend Yield Analysis
PCNBX | Category Low | Category High | PCNBX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.48% | 0.00% | 13.84% | 90.70% |
Dividend Distribution Analysis
PCNBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
PCNBX | Category Low | Category High | PCNBX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.42% | -3.72% | 10.32% | 82.35% |
Capital Gain Distribution Analysis
PCNBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 11, 2024 | $0.028 | OrdinaryDividend |
Dec 11, 2023 | $0.027 | OrdinaryDividend |
Sep 11, 2023 | $0.004 | OrdinaryDividend |
Jun 12, 2023 | $0.009 | OrdinaryDividend |
Dec 12, 2022 | $0.281 | OrdinaryDividend |
Sep 30, 2020 | $0.032 | OrdinaryDividend |
Jun 30, 2020 | $0.045 | OrdinaryDividend |
Mar 30, 2020 | $0.044 | OrdinaryDividend |
Sep 30, 2019 | $0.044 | OrdinaryDividend |
Jun 28, 2019 | $0.072 | OrdinaryDividend |
Mar 29, 2019 | $0.069 | OrdinaryDividend |
Sep 28, 2018 | $0.068 | OrdinaryDividend |
Jun 29, 2018 | $0.070 | OrdinaryDividend |
Mar 29, 2018 | $0.072 | OrdinaryDividend |
Sep 29, 2017 | $0.073 | OrdinaryDividend |
Jun 30, 2017 | $0.073 | OrdinaryDividend |
Mar 30, 2017 | $0.075 | OrdinaryDividend |
Dec 30, 2016 | $0.077 | OrdinaryDividend |
Sep 30, 2016 | $0.078 | OrdinaryDividend |
Jun 30, 2016 | $0.078 | OrdinaryDividend |
Mar 30, 2016 | $0.081 | OrdinaryDividend |
Sep 30, 2015 | $0.073 | OrdinaryDividend |
Jun 30, 2015 | $0.080 | OrdinaryDividend |
Mar 30, 2015 | $0.081 | OrdinaryDividend |
Sep 30, 2014 | $0.095 | OrdinaryDividend |
Jun 30, 2014 | $0.095 | OrdinaryDividend |
Mar 28, 2014 | $0.097 | OrdinaryDividend |
Dec 30, 2013 | $0.099 | OrdinaryDividend |
Sep 30, 2013 | $0.100 | OrdinaryDividend |
Jun 28, 2013 | $0.101 | OrdinaryDividend |
Mar 28, 2013 | $0.103 | OrdinaryDividend |
Dec 28, 2012 | $0.033 | ExtraDividend |
Sep 28, 2012 | $0.104 | OrdinaryDividend |
Jun 29, 2012 | $0.106 | OrdinaryDividend |
Mar 30, 2012 | $0.105 | OrdinaryDividend |
Dec 30, 2011 | $0.107 | OrdinaryDividend |
Sep 30, 2011 | $0.106 | OrdinaryDividend |
Jun 30, 2011 | $0.104 | OrdinaryDividend |
Mar 30, 2011 | $0.105 | OrdinaryDividend |
Dec 30, 2010 | $0.106 | OrdinaryDividend |
Sep 30, 2010 | $0.106 | OrdinaryDividend |
Jun 30, 2010 | $0.106 | OrdinaryDividend |
Mar 30, 2010 | $0.108 | OrdinaryDividend |
Dec 30, 2009 | $0.110 | OrdinaryDividend |
Sep 30, 2009 | $0.112 | OrdinaryDividend |
Jun 30, 2009 | $0.115 | OrdinaryDividend |
Mar 30, 2009 | $0.118 | OrdinaryDividend |
Dec 30, 2008 | $0.108 | OrdinaryDividend |
Sep 30, 2008 | $0.096 | OrdinaryDividend |
Jun 30, 2008 | $0.091 | OrdinaryDividend |
Mar 28, 2008 | $0.093 | OrdinaryDividend |
Dec 28, 2007 | $0.094 | OrdinaryDividend |
Sep 28, 2007 | $0.091 | OrdinaryDividend |
Jun 29, 2007 | $0.091 | OrdinaryDividend |
Mar 30, 2007 | $0.093 | OrdinaryDividend |
Dec 28, 2006 | $0.096 | OrdinaryDividend |
Sep 29, 2006 | $0.097 | OrdinaryDividend |
Jun 30, 2006 | $0.096 | OrdinaryDividend |
Mar 30, 2006 | $0.097 | OrdinaryDividend |
Dec 28, 2005 | $0.099 | OrdinaryDividend |
Sep 30, 2005 | $0.098 | OrdinaryDividend |
Jun 30, 2005 | $0.097 | OrdinaryDividend |
Mar 30, 2005 | $0.099 | OrdinaryDividend |
Dec 29, 2004 | $0.100 | OrdinaryDividend |
Sep 30, 2004 | $0.100 | OrdinaryDividend |
Jun 30, 2004 | $0.092 | OrdinaryDividend |
Mar 30, 2004 | $0.092 | OrdinaryDividend |
Dec 29, 2003 | $0.124 | OrdinaryDividend |
Sep 30, 2003 | $0.128 | OrdinaryDividend |
Jun 30, 2003 | $0.128 | OrdinaryDividend |
Mar 28, 2003 | $0.112 | OrdinaryDividend |
Dec 17, 2002 | $0.113 | OrdinaryDividend |
Sep 30, 2002 | $0.112 | OrdinaryDividend |
Jun 28, 2002 | $0.135 | OrdinaryDividend |
Mar 28, 2002 | $0.136 | OrdinaryDividend |
Dec 27, 2001 | $0.136 | OrdinaryDividend |
Sep 28, 2001 | $0.133 | OrdinaryDividend |
Jun 29, 2001 | $0.133 | OrdinaryDividend |
Mar 30, 2001 | $0.132 | OrdinaryDividend |
Sep 29, 2000 | $0.178 | OrdinaryDividend |
Jun 30, 2000 | $0.178 | OrdinaryDividend |
Mar 30, 2000 | $0.177 | OrdinaryDividend |
Dec 30, 1999 | $0.176 | OrdinaryDividend |
Sep 30, 1999 | $0.202 | OrdinaryDividend |
Jun 30, 1999 | $0.203 | OrdinaryDividend |
Mar 31, 1999 | $0.203 | OrdinaryDividend |
Dec 31, 1998 | $0.199 | OrdinaryDividend |
Sep 30, 1998 | $0.201 | OrdinaryDividend |
Jun 30, 1998 | $0.199 | OrdinaryDividend |
Mar 31, 1998 | $0.203 | OrdinaryDividend |
Dec 31, 1997 | $0.198 | OrdinaryDividend |
Sep 30, 1997 | $0.200 | OrdinaryDividend |
Jun 30, 1995 | $0.210 | OrdinaryDividend |
Mar 31, 1995 | $0.212 | OrdinaryDividend |
Sep 30, 1994 | $0.240 | OrdinaryDividend |
Jun 30, 1994 | $0.209 | OrdinaryDividend |
PCNBX - 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 |