Putnam Convertible Securities Fund (PCONX)

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The chart shows the growth of an initial investment of $10,000 in Putnam Convertible Securities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Putnam Convertible Securities Fund (PCONX) has returned -0.37% so far this year and 15.29% over the past 12 months. Over the last ten years, PCONX has returned 9.95% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 2, 1980, PCONX's average daily return is +0.03%, while the average monthly return is +0.68%. At this rate, your investment would double in approximately 8.5 years.

Historically, 63% of months were positive and 37% were negative. The best month was Jan 1980 with a return of +12.3%, while the worst month was Oct 2008 at -22.0%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.

On a daily basis, PCONX closed higher 54% of trading days. The best single day was Dec 7, 1987 with a return of +5.5%, while the worst single day was Feb 10, 1981 at -19.9%.

Putnam Convertible Securities Fund has an annualized alpha of 2.61%, beta of 0.51, and R² of 0.62 versus S&P 500 Index. Calculated based on daily prices since January 03, 1980.

• This fund participated in 74.89% of S&P 500 Index downside but only 70.74% of its upside — more exposed to losses than it benefited from rallies.
• This fund generated an annualized alpha of 2.61% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• Beta of 0.51 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

PCONX has a high expense ratio of 1.03%, indicating above-average management fees.

PCONX ranks 60 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Putnam Convertible Securities Fund (PCONX) and compare them to a chosen benchmark (S&P 500 Index).

Putnam Convertible Securities Fund provided a 5.41% dividend yield over the last twelve months, with an annual payout of $1.46 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Putnam Convertible Securities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Putnam Convertible Securities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Putnam Convertible Securities Fund was 47.70%, occurring on Nov 21, 2008. Recovery took 475 trading sessions.

The current Putnam Convertible Securities Fund drawdown is 7.35%.

The chart below shows the rolling one-month volatility.