Putnam Mortgage Opportunities I
- PMOTX
- Price as of: Jan 19, 2021
-
$9.55
N/A N/A
- Primary Theme
- Bond Sector Diversified
- Fund Company
- Putnam
- Share Class
PMOTX - Snapshot
Vitals
- YTD Return 0.6%
- 3 Yr Annualized Return 2.2%
- 5 Yr Annualized Return 3.5%
- Net Assets $173 M
- Holdings in Top 10 N/A
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.47%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover N/A
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $5,000,000
- IRA N/A
Fund Classification
-
Primary Theme
Bond Sector Diversified
- Fund Type Open End Mutual Fund
- Investment Style Nontraditional Bond
PMOTX - Profile
Distributions
- YTD Total Return 0.6%
- 3 Yr Annualized Total Return 2.2%
- 5 Yr Annualized Total Return 3.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.50%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePutnam Mortgage Opportunities Fund
-
Fund Family NamePutnam
-
Inception DateApr 07, 2015
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJatin Misra
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.
PMOTX - Performance
Return Ranking - Trailing
Period | PMOTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.6% | -2.1% | 5.7% | 11.14% |
1 Yr | -6.2% | -28.6% | 24.1% | 95.52% |
3 Yr | 2.2%* | -17.9% | 10.4% | 83.54% |
5 Yr | 3.5%* | -11.9% | 14.1% | 80.14% |
10 Yr | N/A* | -1.2% | 13.0% | N/A |
* Annualized
Return Ranking - Calendar
Period | PMOTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -9.6% | -49.2% | 314.3% | 94.72% |
2019 | 4.7% | -35.1% | 15.3% | 50.00% |
2018 | -2.6% | -48.0% | 3.1% | 15.67% |
2017 | 5.3% | -14.8% | 11.2% | 4.93% |
2016 | N/A | -11.2% | 10.7% | N/A |
Total Return Ranking - Trailing
Period | PMOTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.6% | -2.1% | 5.3% | 10.88% |
1 Yr | -6.2% | -31.1% | 24.1% | 94.29% |
3 Yr | 2.2%* | -19.5% | 10.4% | 79.47% |
5 Yr | 3.5%* | -12.9% | 14.1% | 76.74% |
10 Yr | N/A* | -1.2% | 13.0% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PMOTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | -9.6% | -49.2% | 314.3% | 94.72% |
2019 | 4.7% | -35.1% | 15.3% | 50.93% |
2018 | -2.6% | -48.0% | 8.0% | 34.75% |
2017 | 5.3% | -14.8% | 15.2% | 19.89% |
2016 | N/A | -11.2% | 17.7% | N/A |
NAV & Total Return History
PMOTX - Holdings
Concentration Analysis
PMOTX | Category Low | Category High | PMOTX % Rank | |
---|---|---|---|---|
Net Assets | 173 M | 1 M | 132 B | 71.98% |
Number of Holdings | 710 | 3 | 7676 | 35.91% |
Net Assets in Top 10 | -429 M | -2.73 B | 12 B | 98.92% |
Weighting of Top 10 | N/A | 4.8% | 100.0% | 69.01% |
Top 10 Holdings
- 2 Year Treasury Note Future Dec 20 273.33%
- 2 Year Treasury Note Future Dec 20 273.33%
- 2 Year Treasury Note Future Dec 20 273.33%
- 2 Year Treasury Note Future Dec 20 273.33%
- 2 Year Treasury Note Future Dec 20 273.33%
- 2 Year Treasury Note Future Dec 20 273.33%
- 2 Year Treasury Note Future Dec 20 273.33%
- 2 Year Treasury Note Future Dec 20 273.33%
- 2 Year Treasury Note Future Dec 20 273.33%
- 2 Year Treasury Note Future Dec 20 273.33%
Asset Allocation
Weighting | Return Low | Return High | PMOTX % Rank | |
---|---|---|---|---|
Cash | 277.41% | -229.11% | 362.75% | 0.68% |
Preferred Stocks | 0.00% | 0.00% | 35.26% | 90.51% |
Convertible Bonds | 0.00% | 0.00% | 179.84% | 98.51% |
Stocks | -0.03% | -91.60% | 170.77% | 98.12% |
Other | -12.20% | -42.24% | 120.57% | 98.78% |
Bonds | -165.18% | -262.75% | 9989800.00% | 99.73% |
PMOTX - Expenses
Operational Fees
PMOTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.47% | 0.01% | 14.61% | 97.30% |
Management Fee | 0.55% | 0.00% | 2.25% | 38.95% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.70% | N/A |
Sales Fees
PMOTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
PMOTX 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.
PMOTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 493.00% | 89.29% |
PMOTX - Distributions
Dividend Yield Analysis
PMOTX | Category Low | Category High | PMOTX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 6.44% | 87.78% |
Dividend Distribution Analysis
PMOTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
PMOTX | Category Low | Category High | PMOTX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.50% | -1.55% | 18.14% | 44.65% |
Capital Gain Distribution Analysis
PMOTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
PMOTX - Fund Manager Analysis
Managers
Jatin Misra
Start Date
Tenure
Tenure Rank
Apr 07, 2015
5.74
5.7%
Jatin Misra is Portfolio Manager. Previously served as Analyst and Quantitative Analyst. Joined Putnam Management since 2004.
Brett Kozlowski
Start Date
Tenure
Tenure Rank
Apr 07, 2015
5.74
5.7%
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.
Michael Salm
Start Date
Tenure
Tenure Rank
Apr 07, 2015
5.74
5.7%
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 |
---|---|---|---|
0.04 | 29.65 | 5.5 | 2.0 |