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Name

As of 11/20/2024

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

Putnam Convertible Securities Fund - Putnam Convertible Securities Fund USD Cls I

PCNIX | Fund

$26.48

$751 M

1.59%

$0.42

0.67%

Vitals

YTD Return

15.7%

1 yr return

24.0%

3 Yr Avg Return

0.4%

5 Yr Avg Return

10.1%

Net Assets

$751 M

Holdings in Top 10

22.3%

52 WEEK LOW AND HIGH

$26.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.67%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 78.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/20/2024

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

Putnam Convertible Securities Fund - Putnam Convertible Securities Fund USD Cls I

PCNIX | Fund

$26.48

$751 M

1.59%

$0.42

0.67%

PCNIX - Profile

Distributions

  • YTD Total Return 15.7%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 10.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.65%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Putnam Convertible Securities Fund - Putnam Convertible Securities Fund USD Cls I
  • Fund Family Name
    Putnam
  • Inception Date
    Mar 17, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Salvin

Fund Description

PCNIX - Performance

Return Ranking - Trailing

Period PCNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.7% -3.1% 16.4% 19.48%
1 Yr 24.0% 5.3% 24.5% 12.99%
3 Yr 0.4%* -16.2% 2.9% 30.26%
5 Yr 10.1%* -6.6% 12.3% 36.11%
10 Yr N/A* -0.8% 11.0% 45.33%

* Annualized

Return Ranking - Calendar

Period PCNIX Return Category Return Low Category Return High Rank in Category (%)
2023 9.0% -7.7% 13.1% 23.08%
2022 -19.8% -37.8% -12.8% 45.45%
2021 -17.9% -18.9% 2.4% 87.01%
2020 29.5% 5.9% 54.0% 42.47%
2019 15.3% 9.9% 24.4% 52.05%

Total Return Ranking - Trailing

Period PCNIX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.7% -3.1% 16.4% 19.48%
1 Yr 24.0% 5.3% 24.5% 12.99%
3 Yr 0.4%* -16.2% 2.9% 30.26%
5 Yr 10.1%* -6.6% 12.3% 36.11%
10 Yr N/A* -0.8% 11.0% 42.67%

* Annualized

Total Return Ranking - Calendar

Period PCNIX Return Category Return Low Category Return High Rank in Category (%)
2023 10.5% -7.7% 15.3% 26.92%
2022 -18.3% -37.8% -10.6% 44.16%
2021 4.4% -12.2% 11.3% 41.56%
2020 43.6% 8.7% 64.4% 54.79%
2019 22.7% 12.2% 28.7% 58.90%

NAV & Total Return History

PCNIX - Holdings

Concentration Analysis

PCNIX Category Low Category High PCNIX % Rank
Net Assets 751 M 13.4 M 3.69 B 46.15%
Number of Holdings 134 42 381 21.79%
Net Assets in Top 10 167 M 3.92 M 584 M 57.69%
Weighting of Top 10 22.26% 9.5% 49.4% 47.44%

Top 10 Holdings

  1. Broadcom Inc 3.21%
  2. Pioneer Natural Resources Company 0.25% 3.03%
  3. Palo Alto Networks Inc 0.375% 2.88%
  4. NextEra Energy Inc Unit (4.872% Equity Units Due 09/01/2022) 2.64%
  5. EQT Corporation 1.75% 2.46%
  6. NextEra Energy Inc Unit 2.25%
  7. Southwest Airlines Co. 1.25% 1.99%
  8. Palo Alto Networks Inc 0.38% 1.87%
  9. Danaher Corp 5% PRF PERPETUAL USD 1000 - Ser B 1.86%
  10. Coupa Software Incorporated 0.38% 1.62%

Asset Allocation

Weighting Return Low Return High PCNIX % Rank
Convertible Bonds 		71.65% 37.15% 99.72% 80.77%
Preferred Stocks 		12.59% 0.00% 22.50% 10.26%
Stocks 		9.69% 0.00% 23.09% 8.97%
Cash 		5.70% -78.94% 7.59% 17.95%
Bonds 		0.37% 0.00% 98.77% 97.44%
Other 		0.00% -17.11% 5.40% 89.74%

Stock Sector Breakdown

Weighting Return Low Return High PCNIX % Rank
Utilities 		62.23% 0.00% 100.00% 57.75%
Healthcare 		8.64% 0.00% 20.31% 38.03%
Financial Services 		8.45% 0.00% 20.48% 21.13%
Technology 		6.18% 0.00% 23.73% 18.31%
Consumer Defense 		5.25% 0.00% 25.78% 21.13%
Consumer Cyclical 		4.81% 0.00% 24.79% 16.90%
Industrials 		4.43% 0.00% 23.08% 43.66%
Real Estate 		0.00% 0.00% 27.87% 90.14%
Energy 		0.00% 0.00% 40.56% 88.73%
Communication Services 		0.00% 0.00% 100.00% 87.32%
Basic Materials 		0.00% 0.00% 24.08% 90.14%

Stock Geographic Breakdown

Weighting Return Low Return High PCNIX % Rank
US 		9.69% 0.00% 22.42% 8.97%
Non US 		0.00% 0.00% 1.55% 89.74%

Bond Sector Breakdown

Weighting Return Low Return High PCNIX % Rank
Corporate 		93.69% 91.11% 100.00% 91.03%
Cash & Equivalents 		6.31% 0.00% 7.86% 12.82%
Derivative 		0.00% 0.00% 0.49% 87.18%
Securitized 		0.00% 0.00% 0.00% 87.18%
Municipal 		0.00% 0.00% 0.00% 87.18%
Government 		0.00% 0.00% 2.94% 88.46%

Bond Geographic Breakdown

Weighting Return Low Return High PCNIX % Rank
US 		0.37% 0.00% 98.77% 97.44%
Non US 		0.00% 0.00% 17.05% 88.46%

PCNIX - Expenses

Operational Fees

PCNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.67% 0.20% 2.87% 92.31%
Management Fee 0.61% 0.20% 1.00% 34.62%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

PCNIX 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

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

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.

PCNIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 78.00% 30.00% 154.00% 55.71%

PCNIX - Distributions

Dividend Yield Analysis

PCNIX Category Low Category High PCNIX % Rank
Dividend Yield 1.59% 0.00% 4.30% 70.51%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PCNIX Category Low Category High PCNIX % Rank
Net Income Ratio 0.65% -3.72% 3.69% 38.96%

Capital Gain Distribution Analysis

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

Distributions History

View More +

PCNIX - 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 10.27 7.42

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