Putnam Convertible Securities Fund (PCONX)
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.
Fund Info
| ISIN | US7464761003 |
|---|---|
| CUSIP | 746476100 |
| Issuer | Putnam |
| Inception Date | Jun 28, 1972 |
| Category | Convertible Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
PCONX has a high expense ratio of 1.03%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
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.
Returns By Period
Putnam Convertible Securities Fund had a return of 2.93% year-to-date (YTD) and 9.97% in the last 12 months. Over the past 10 years, Putnam Convertible Securities Fund had an annualized return of 7.66%, while the S&P 500 had an annualized return of 10.99%, indicating that Putnam Convertible Securities Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.93% | 11.18% |
| 1 month | 4.03% | 5.60% |
| 6 months | 10.28% | 17.48% |
| 1 year | 9.97% | 26.33% |
| 5 years (annualized) | 8.87% | 13.16% |
| 10 years (annualized) | 7.66% | 10.99% |
Monthly Returns
The table below presents the monthly returns of PCONX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.91% | 1.48% | 1.84% | -2.92% | 2.93% | ||||||||
| 2023 | 4.28% | -1.85% | 0.57% | -0.96% | 0.83% | 3.88% | 1.95% | -2.95% | -2.85% | -4.02% | 5.77% | 5.68% | 10.13% |
| 2022 | -6.75% | -0.04% | 0.46% | -6.66% | -2.38% | -6.96% | 5.91% | 0.23% | -6.55% | 3.95% | 2.32% | -2.32% | -18.19% |
| 2021 | 1.33% | 3.76% | -3.94% | 3.38% | -2.17% | 2.53% | -0.44% | 1.84% | -1.78% | 3.27% | -3.72% | 0.51% | 4.23% |
| 2020 | 2.53% | -3.28% | -11.17% | 11.01% | 8.44% | 4.08% | 7.58% | 6.50% | -1.38% | -0.94% | 10.95% | 5.71% | 44.86% |
| 2019 | 7.99% | 3.25% | 0.33% | 3.24% | -2.90% | 4.56% | 1.71% | -1.17% | -1.02% | 1.45% | 3.36% | 1.62% | 24.32% |
| 2018 | 2.67% | -1.30% | 0.57% | -1.08% | 4.03% | -0.87% | 0.69% | 3.10% | -0.55% | -6.52% | 0.75% | -3.96% | -2.92% |
| 2017 | 2.51% | 1.65% | 1.00% | 1.41% | 0.69% | 0.65% | 2.23% | 0.48% | 1.62% | 2.03% | 0.27% | -0.48% | 14.95% |
| 2016 | -6.09% | 0.15% | 4.85% | 1.00% | 2.30% | -0.26% | 4.53% | 0.84% | 1.32% | -1.87% | 1.29% | 1.53% | 9.52% |
| 2015 | -1.34% | 3.79% | -0.17% | 0.52% | 2.03% | -2.59% | -0.76% | -3.85% | -4.34% | 3.64% | -1.24% | -2.54% | -7.02% |
| 2014 | -0.12% | 4.03% | -0.85% | -0.44% | 2.21% | 2.18% | -2.33% | 3.29% | -2.14% | 1.07% | 0.98% | 0.36% | 8.32% |
| 2013 | 3.86% | 0.00% | 2.79% | 1.29% | 2.41% | -1.93% | 3.64% | -1.67% | 3.72% | 2.21% | 2.33% | 1.59% | 21.98% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PCONX is 32, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
PCONX (Putnam Convertible Securities Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Putnam Convertible Securities Fund (PCONX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Putnam Convertible Securities Fund granted a 1.10% dividend yield in the last twelve months. The annual payout for that period amounted to $0.26 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.26 | $0.23 | $0.44 | $7.15 | $3.75 | $1.93 | $3.01 | $1.01 | $0.48 | $1.34 | $1.75 | $0.57 |
Dividend yield | 1.10% | 0.99% | 2.06% | 26.98% | 11.62% | 7.72% | 13.92% | 3.95% | 2.08% | 6.22% | 7.10% | 2.33% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | |||||||
| 2023 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.23 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.33 | $0.44 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $7.06 | $7.15 |
| 2020 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $3.48 | $3.75 |
| 2019 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $1.59 | $1.93 |
| 2018 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $2.65 | $3.01 |
| 2017 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.65 | $1.01 |
| 2016 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.48 |
| 2015 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.97 | $1.34 |
| 2014 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $1.32 | $1.75 |
| 2013 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.57 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
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 47.69%, occurring on Nov 21, 2008. Recovery took 475 trading sessions.
The current Putnam Convertible Securities Fund drawdown is 12.64%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -47.69% | Oct 15, 2007 | 280 | Nov 21, 2008 | 475 | Oct 13, 2010 | 755 |
| -35.31% | Mar 13, 2000 | 645 | Oct 9, 2002 | 318 | Jan 14, 2004 | 963 |
| -29.49% | Aug 26, 1987 | 77 | Dec 10, 1987 | 477 | Oct 9, 1989 | 554 |
| -26.14% | Feb 16, 2021 | 338 | Jun 16, 2022 | — | — | — |
| -24.9% | Feb 20, 2020 | 23 | Mar 23, 2020 | 50 | Jun 3, 2020 | 73 |
Volatility
Volatility Chart
The current Putnam Convertible Securities Fund volatility is 2.32%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.