Putnam Mortgage Securities Fund (PGSIX)
The investment seeks as high a level of current income as the adviser believes is consistent with preservation of capital. The fund invests mainly in mortgages, mortgage-related fixed income securities and related derivatives that are either investment-grade or below-investment-grade in quality (sometimes referred to as "junk bonds"). Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in mortgages, mortgage-related fixed income securities and related derivatives (i.e., derivatives used to acquire exposure to, or whose underlying securities are, mortgages or mortgage-related securities).
Fund Info
US7468851024
746885102
Feb 8, 1984
$0
Expense Ratio
PGSIX features an expense ratio of 0.89%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Putnam Mortgage 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 Mortgage Securities Fund had a return of 1.37% year-to-date (YTD) and -1.16% in the last 12 months. Over the past 10 years, Putnam Mortgage Securities Fund had an annualized return of -0.02%, while the S&P 500 had an annualized return of 11.31%, indicating that Putnam Mortgage Securities Fund did not perform as well as the benchmark.
PGSIX
1.37%
1.05%
-7.59%
-1.16%
-3.18%
-0.02%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PGSIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.50% | 1.37% | |||||||||||
| 2024 | 0.87% | -1.11% | 1.23% | -2.06% | 1.97% | 1.23% | 2.66% | 0.74% | 1.20% | -2.74% | 1.86% | -8.43% | -3.08% |
| 2023 | 2.48% | -2.55% | 0.05% | 0.62% | -0.67% | 0.23% | 0.34% | -0.68% | -3.24% | -2.16% | 4.70% | 4.83% | 3.66% |
| 2022 | 1.50% | -1.55% | -3.08% | -2.73% | 0.58% | -1.68% | 3.19% | -2.90% | -6.48% | -2.02% | 4.31% | 0.00% | -10.78% |
| 2021 | 1.70% | 0.72% | -0.70% | -0.31% | -1.52% | -1.14% | -0.49% | 0.01% | 0.09% | -0.67% | -1.19% | -0.86% | -4.32% |
| 2020 | 0.91% | 0.98% | -10.61% | 0.00% | 0.96% | 2.72% | -0.99% | 1.35% | 0.26% | 0.84% | 1.91% | 1.64% | -0.73% |
| 2019 | 2.05% | 0.07% | 0.88% | 1.28% | 1.75% | 0.55% | 1.17% | 1.17% | 0.77% | 0.38% | 1.23% | 0.45% | 12.39% |
| 2018 | -0.76% | -0.37% | 0.66% | -0.21% | 0.66% | 0.34% | -0.11% | -0.27% | -0.44% | -1.08% | 0.32% | 0.48% | -0.79% |
| 2017 | 0.02% | 0.25% | -0.05% | 0.33% | 0.25% | -0.59% | 0.26% | 0.10% | 0.41% | 0.26% | -0.13% | -0.29% | 0.82% |
| 2016 | -0.45% | -0.45% | 0.23% | 0.31% | 0.15% | 0.25% | 0.25% | 0.48% | 0.40% | 0.25% | -0.96% | 0.41% | 0.86% |
| 2015 | -0.58% | 1.03% | 0.37% | 0.81% | 0.07% | -0.07% | -0.07% | -0.30% | -0.45% | 0.38% | 0.38% | 0.68% | 2.24% |
| 2014 | 2.10% | 0.88% | -0.02% | 1.18% | 0.81% | 0.80% | -0.33% | -0.19% | 0.76% | 0.91% | 0.29% | 0.07% | 7.48% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PGSIX is 4, meaning it’s performing worse than 96% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Putnam Mortgage Securities Fund (PGSIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Putnam Mortgage Securities Fund provided a 9.14% dividend yield over the last twelve months, with an annual payout of $0.70 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.70 | $0.77 | $0.73 | $1.16 | $0.49 | $0.52 | $0.59 | $0.48 | $0.40 | $0.38 | $0.34 | $0.26 |
Dividend yield | 9.14% | 10.03% | 8.38% | 12.83% | 4.30% | 4.21% | 4.50% | 3.94% | 3.10% | 2.92% | 2.51% | 1.86% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Mortgage 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.06 | $0.00 | $0.06 | ||||||||||
| 2024 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.77 |
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.20 | $0.73 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.71 | $1.16 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2020 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.52 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.48 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.26 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Mortgage 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 Mortgage Securities Fund was 22.28%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Putnam Mortgage Securities Fund drawdown is 15.56%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.28% | Mar 9, 2020 | 912 | Oct 19, 2023 | — | — | — |
| -15.93% | Sep 9, 2008 | 64 | Dec 8, 2008 | 83 | Apr 8, 2009 | 147 |
| -13.93% | Feb 13, 1987 | 1887 | May 9, 1994 | 376 | Oct 17, 1995 | 2263 |
| -7.13% | Nov 24, 2010 | 14 | Dec 14, 2010 | 21 | Jan 13, 2011 | 35 |
| -5.32% | Apr 18, 2013 | 55 | Jul 5, 2013 | 76 | Oct 22, 2013 | 131 |
Volatility
Volatility Chart
The current Putnam Mortgage Securities Fund volatility is 2.04%, 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.