PCNMX: Putnam Convertible Securities M

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PCNMX Putnam Convertible Securities M


Profile

PCNMX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 3.0%
  • 5 Yr Annualized Return 1.1%
  • Net Assets $734 M
  • Holdings in Top 10 20.7%

52 WEEK LOW AND HIGH

$25.45
$22.27
$25.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.55%

SALES FEES

  • Front Load 3.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 68.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

Closed to new investors as of Nov 25, 2019
  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 8.8%
  • 5 Yr Annualized Total Return 6.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.71%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Putnam Convertible Securities Fund
  • Fund Family Name
    Putnam
  • Inception Date
    Mar 13, 1995
  • Shares Outstanding
    N/A
  • Share Class
    M
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

The fund invests mainly in convertible securities of U.S. companies. Convertible securities combine the investment characteristics of bonds and common stocks. Under normal circumstances, it invests at least 80% of the fund's net assets in convertible securities. 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 are below-investment-grade.


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Categories

Fund Company Quick Screens

PCNMX - Fund Company Quick Screens


Performance

PCNMX - Performance

Return Ranking - Trailing

Period PCNMX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -29.5% 28.5% 49.38%
1 Yr 15.3% -28.8% 28.2% 36.54%
3 Yr 3.0%* -12.9% 11.5% 51.08%
5 Yr 1.1%* -8.3% 8.0% 51.59%
10 Yr 3.6%* -5.2% 6.9% 48.10%

* Annualized

Return Ranking - Calendar

Period PCNMX Return Category Return Low Category Return High Rank in Category (%)
2019 19.0% -8.6% 24.4% 15.48%
2018 -15.2% -15.4% -2.5% 97.14%
2017 10.4% -7.8% 15.4% 21.32%
2016 7.2% -4.1% 14.2% 21.21%
2015 -12.4% -26.1% 2.5% 86.32%

Total Return Ranking - Trailing

Period PCNMX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -29.5% 28.5% 49.38%
1 Yr 15.3% -28.8% 28.2% 36.54%
3 Yr 8.8%* -10.0% 17.3% 37.41%
5 Yr 6.0%* -7.2% 12.9% 40.48%
10 Yr 7.8%* -5.2% 11.9% 41.77%

* Annualized

Total Return Ranking - Calendar

Period PCNMX Return Category Return Low Category Return High Rank in Category (%)
2019 19.0% -8.6% 24.4% 15.48%
2018 -3.4% -15.4% 4.5% 22.14%
2017 14.3% -1.0% 18.4% 27.21%
2016 9.0% -4.1% 20.1% 24.24%
2015 -7.5% -26.1% 6.2% 82.05%

NAV & Total Return History


Holdings

PCNMX - Holdings

Concentration Analysis

PCNMX Category Low Category High PCNMX % Rank
Net Assets 734 M 196 K 8.78 B 55.49%
Number of Holdings 118 38 371 62.80%
Net Assets in Top 10 152 M -318 M 1.01 B 57.32%
Weighting of Top 10 20.72% 10.4% 85.7% 51.83%

Top 10 Holdings

  1. Microchip Technology Incorporated 1.62% 3.72%
  2. Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- 2.88%
  3. Becton, Dickinson and Co Pfd 2.03%
  4. Crown Castle International Corp Cum Conv Pfd Registered Shs Series -A- 1.91%
  5. Sempra Energy 6% PRF CONVERT 15/01/2021 USD 100 1.84%
  6. Danaher Corp PRF CONVERT 15/04/2022 USD - Ser A 1.82%
  7. Booking Holdings Inc 0.35% 1.80%
  8. Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- 1.61%
  9. Broadcom Inc 8% PRF CONVERT 30/09/2022 USD 1000 Ser A 1.61%
  10. Palo Alto Networks Inc 0.75% 1.51%

Asset Allocation

Weighting Return Low Return High PCNMX % Rank
Convertible Bonds
72.20% 0.00% 108.22% 42.07%
Preferred Stocks
16.73% 0.00% 79.55% 40.85%
Stocks
7.67% -5.93% 49.17% 25.61%
Cash
3.15% -6.83% 16.87% 42.68%
Bonds
0.25% -14.80% 70.12% 69.51%
Other
0.00% 0.00% 15.69% 85.98%

Stock Sector Breakdown

Weighting Return Low Return High PCNMX % Rank
Utilities
3.19% 0.00% 100.00% 64.66%
Technology
1.69% 0.00% 34.89% 28.57%
Basic Materials
0.87% 0.00% 27.11% 28.57%
Energy
0.58% 0.00% 100.00% 21.05%
Industrials
0.54% 0.00% 43.65% 43.61%
Healthcare
0.47% 0.00% 34.05% 42.86%
Communication Services
0.33% 0.00% 11.88% 24.81%
Real Estate
0.00% 0.00% 100.00% 74.44%
Financial Services
0.00% 0.00% 100.00% 78.20%
Consumer Defense
0.00% 0.00% 7.29% 67.67%
Consumer Cyclical
0.00% 0.00% 14.27% 66.17%

Stock Geographic Breakdown

Weighting Return Low Return High PCNMX % Rank
US
7.41% -5.85% 45.15% 25.61%
Non US
0.26% -0.08% 5.67% 29.27%

Bond Sector Breakdown

Weighting Return Low Return High PCNMX % Rank
Corporate
89.18% 41.81% 100.00% 87.80%
Cash & Equivalents
3.15% 0.00% 29.37% 44.51%
Derivative
0.00% 0.00% 22.11% 67.07%
Securitized
0.00% 0.00% 5.82% 64.63%
Municipal
0.00% 0.00% 0.01% 62.20%
Government
0.00% 0.00% 21.61% 75.61%

Bond Geographic Breakdown

Weighting Return Low Return High PCNMX % Rank
US
0.25% -14.80% 55.91% 63.41%
Non US
0.00% 0.00% 34.48% 84.76%

Expenses

PCNMX - Expenses

Operational Fees

PCNMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.55% 0.41% 94.07% 43.40%
Management Fee 0.62% 0.00% 1.42% 22.70%
12b-1 Fee 0.75% 0.00% 1.00% 74.74%
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

PCNMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.50% 2.00% 5.75% 82.76%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PCNMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 61.54%

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.

PCNMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 68.00% 5.00% 175.00% 68.90%

Distributions

PCNMX - Distributions

Dividend Yield Analysis

PCNMX Category Low Category High PCNMX % Rank
Dividend Yield 0.36% 0.00% 6.47% 6.71%

Dividend Distribution Analysis

PCNMX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

PCNMX Category Low Category High PCNMX % Rank
Net Income Ratio 0.71% -0.26% 9.30% 89.31%

Capital Gain Distribution Analysis

PCNMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

PCNMX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.41 35.13 9.26 9.59