PMORX: Putnam Mortgage Opportunities Fund

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing and learn how it can potentially help you build a more successful practice.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

PMORX Putnam Mortgage Opportunities Fund


Profile

PMORX - Profile

Vitals

  • YTD Return -13.3%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $208 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$9.09
$8.61
$10.91

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.71%

SALES FEES

  • Front Load 4.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Nontraditional Bond

Distributions

  • YTD Total Return -13.3%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.11%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam Mortgage Opportunities Fund
  • Fund Family Name
    Putnam
  • Inception Date
    Jun 28, 2019
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brett Kozlowski

Fund Description

The fund invests mainly in mortgage-related fixed income securities and related derivatives that are either investment-grade or below-investment-grade in quality. Under normal circumstances, it invests at least 80% of the fund's net assets in mortgages, mortgage-related fixed income securities and related derivatives. The fund generally uses the net unrealized gain or loss, or market value, of mortgage-related derivatives for purposes of this policy, but may use the notional value of a derivative if that is determined to be a more appropriate measure of the fund's investment exposure.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

PMORX - Performance

Return Ranking - Trailing

Period PMORX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.3% -21.4% 302.0% 95.68%
1 Yr -14.7% -23.7% 305.1% 97.80%
3 Yr N/A* -12.0% 58.6% 5.26%
5 Yr N/A* -6.6% 33.2% N/A
10 Yr N/A* -4.9% 14.8% N/A

* Annualized

Return Ranking - Calendar

Period PMORX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -7.4% 12.4% N/A
2018 N/A -9.2% 0.8% N/A
2017 N/A -12.3% 9.4% N/A
2016 N/A -2.8% 10.7% N/A
2015 N/A -11.1% 4.8% N/A

Total Return Ranking - Trailing

Period PMORX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.3% -21.4% 302.0% 95.68%
1 Yr -14.7% -23.7% 305.1% 97.80%
3 Yr N/A* -9.0% 62.5% 7.02%
5 Yr N/A* -4.3% 37.0% N/A
10 Yr N/A* -4.9% 20.0% N/A

* Annualized

Total Return Ranking - Calendar

Period PMORX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -7.0% 12.6% N/A
2018 N/A -9.2% 4.8% N/A
2017 N/A -3.1% 15.2% N/A
2016 N/A -2.8% 17.7% N/A
2015 N/A -10.1% 5.4% N/A

NAV & Total Return History


Holdings

PMORX - Holdings

Concentration Analysis

PMORX Category Low Category High PMORX % Rank
Net Assets 208 M 2.88 M 32.4 B 61.69%
Number of Holdings 720 1 5115 30.38%
Net Assets in Top 10 -467 M -3.43 B 10 B 97.15%
Weighting of Top 10 N/A 11.1% 866.9% 67.61%

Top 10 Holdings

  1. 2 Year Treasury Note Future Sept 20 195.40%
  2. Cmb Cmbx.Na.Bbb-.6 2063-05-11 300.0 05/11/2063 Jp 5.32%
  3. Cmb Cmbx.Na.Bbb-.6 2063-05-11 300.0 05/11/2063 Ms 5.11%
  4. Cmb Cmbx.Na.Bbb-.6 2063-05-11 300.0 05/11/2063 Cg 4.50%
  5. Federal National Mortgage Association 4% 4.38%
  6. United States Treasury Bills 0% 3.30%
  7. United States Treasury Bills 0% 2.87%
  8. United States Treasury Bills 0% 2.68%
  9. Federal National Mortgage Association 3.5% 2.61%
  10. Federal National Mortgage Association 4% 2.19%

Asset Allocation

Weighting Return Low Return High PMORX % Rank
Cash
225.21% -164.01% 2217.71% 3.48%
Stocks
0.60% -71.93% 249.29% 24.37%
Preferred Stocks
0.00% 0.00% 23.00% 93.35%
Convertible Bonds
0.00% -1.28% 141.94% 90.19%
Other
-15.28% -15.28% 43.46% 99.68%
Bonds
-110.53% -2367.93% 258.37% 97.47%

Stock Sector Breakdown

Weighting Return Low Return High PMORX % Rank
Utilities
0.00% 0.00% 100.00% N/A
Technology
0.00% 0.00% 100.00% N/A
Real Estate
0.00% 0.00% 100.00% N/A
Industrials
0.00% 0.00% 21.38% N/A
Healthcare
0.00% 0.00% 77.78% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 95.20% N/A
Consumer Defense
0.00% 0.00% 96.39% N/A
Consumer Cyclical
0.00% 0.00% 100.00% N/A
Basic Materials
0.00% 0.00% 65.40% N/A

Stock Geographic Breakdown

Weighting Return Low Return High PMORX % Rank
US
0.60% -67.71% 220.94% 19.62%
Non US
0.00% -4.22% 28.35% 87.03%

Expenses

PMORX - Expenses

Operational Fees

PMORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.71% 0.01% 14.61% 85.62%
Management Fee 0.55% 0.00% 2.15% 32.22%
12b-1 Fee 0.25% 0.00% 1.00% 48.95%
Administrative Fee N/A 0.03% 0.45% N/A

Sales Fees

PMORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.00% 0.00% 6.50% 58.33%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PMORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

PMORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 532.00% 88.10%

Distributions

PMORX - Distributions

Dividend Yield Analysis

PMORX Category Low Category High PMORX % Rank
Dividend Yield 0.00% 0.00% 4.59% 91.19%

Dividend Distribution Analysis

PMORX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

PMORX Category Low Category High PMORX % Rank
Net Income Ratio 3.11% -0.23% 6.94% 54.75%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PMORX - Fund Manager Analysis

Managers

Brett Kozlowski


Start Date

Tenure

Tenure Rank

Apr 07, 2015

5.41

5.4%

Mr. Kozlowski is a Portfolio Manager in the Fixed Income Structured Credit group. He is responsible for developing investment strategies within securitized sectors, including agency mortgage-backed securities (MBS); non-agency residential mortgage-backed securities (RMBS); commercial mortgage-backed securities (CMBS); and asset-backed securities. In addition, he is a Portfolio Manager of Putnam Income Fund and assists in the management of several institutional client portfolios. He joined Putnam in 2008 and has been in the investment industry since 1997. Prior to joining Putnam, Mr. Kozlowski held roles of increasing responsibility at Fidelity Investmentsincluding Portfolio Manager from 2008 to 2006; Research Analyst from 2006 to 2003; Trader from 2001 to 2003; Portfolio Analyst from 2000 to 2001; and Research Associate from 1997 to 2000. He earned a B.S. from Massachusetts Institute of Technology.

Jatin Misra


Start Date

Tenure

Tenure Rank

Apr 07, 2015

5.41

5.4%

Jatin Misra is Portfolio Manager. Previously served as Analyst and Quantitative Analyst. Joined Putnam Management since 2004.

Michael Salm


Start Date

Tenure

Tenure Rank

Apr 07, 2015

5.41

5.4%

Mr. Salm is a Co-Head of Fixed Income, specializing in liquid markets and securitized strategies. In this role, he oversees investment strategies related to mortgage and securitized products, interest-rate and volatility derivatives, and money markets. In addition, he manages trading operations and Putnam's Fixed Income quantitative teams. He is a portfolio manager of core global, core plus, global government, fixed income global alpha, and dedicated mortgage strategies, as well as fixed income hedge funds. Mr. Salm joined Putnam in 1997 and has been in the investment industry since 1989. Previously at Putnam, he served as a Portfolio Manager responsible for mortgage strategies in fixed income portfolios. Prior to joining Putnam, Mr. Salm was a Mortgage Specialist at BlackRock Financal Management from 1996 to 1997, a Vice President and Trader at Nomura Securities from 1994 to 1996, a Vice President and Structurer at Nikko Securities from 1993 to 1994, and an Analyst at Fitch Investor Services from 1991 to 1992. Mr. Salm earned a B.S. from Cornell University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 25.68 5.68 1.67