Putnam Mortgage Securities Fund (PGSIX) belongs to the Intermediate Core-Plus Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PGSIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PGSIX
PGSIX charges 0.89% annually. There are 113 mutual funds in the Intermediate Core-Plus Bond category with lower expense ratios, going as low as 0.16%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Mercer Core Fixed Income Fund | 0.16% | — | Aug 2005 | PGSIX vs MCFIX | |
| State Street Income Fund | 0.20% | — | Jan 1980 | PGSIX vs SSASX | |
| Elfun Income Fund | 0.29% | — | Dec 1984 | PGSIX vs EINFX | |
| TIAA-CREF Core Bond Fund | 0.29% | — | Jul 1999 | PGSIX vs TIBDX | |
| Brandes Core Plus Fixed Income Fund | 0.30% | — | Dec 2007 | PGSIX vs BCPIX |
Best Risk-Adjusted Alternatives to PGSIX
PGSIX has a PortfoliosLab risk / return rank of 51. There are 6 mutual funds in the Intermediate Core-Plus Bond category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 98 | — | Jul 2016 | PGSIX vs HOBIX | |
| GMO Multi-Sector Fixed Income Fund | 89 | — | Apr 1997 | PGSIX vs GUGAX | |
| Leader Capital High Quality Income Fund Institutio... | 86 | — | Jul 2010 | PGSIX vs LCTIX | |
| MassMutual Diversified Bond Fund | 82 | — | May 1999 | PGSIX vs MDVAX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 81 | — | Jul 2010 | PGSIX vs LCTRX |
Top Performing PGSIX Alternatives (YTD)
PGSIX is at 1.90% YTD. There are 3 mutual funds in the Intermediate Core-Plus Bond category with higher YTD returns, going as high as 2.50%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Core Plus Impact Fund | 2.50% | — | Apr 2021 | PGSIX vs NPCT | |
| Holbrook Income Fund Class I | 2.33% | — | Jul 2016 | PGSIX vs HOBIX | |
| MassMutual Diversified Bond Fund | 2.33% | — | May 1999 | PGSIX vs MDVAX | |
| Ancora Income Fund | 1.60% | — | Jan 2004 | PGSIX vs AAIIX | |
| 1290 Diversified Bond Fund | 1.44% | — | Jul 2015 | PGSIX vs TNUIX |
Lowest Volatility Alternatives to PGSIX
PGSIX has 4.99% 1-year volatility. There are 130 mutual funds in the Intermediate Core-Plus Bond category with lower 1-year volatility, going as low as 1.17%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AAMA Income Fund | 1.17% | — | Jun 2017 | PGSIX vs AMFIX | |
| Archer Income Fund | 1.83% | — | Mar 2011 | PGSIX vs ARINX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 2.05% | — | Jul 2010 | PGSIX vs LCTRX | |
| Holbrook Income Fund Class I | 2.05% | — | Jul 2016 | PGSIX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 2.10% | — | Jul 2010 | PGSIX vs LCTIX |
Lowest Drawdown Alternatives to PGSIX
PGSIX has a 1-year max drawdown of -2.85%. There are 46 mutual funds in the Intermediate Core-Plus Bond category with shallower 1-year drawdowns, going as shallow as -0.51%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Holbrook Income Fund Class I | -0.51% | — | Jul 2016 | PGSIX vs HOBIX | |
| AAMA Income Fund | -0.74% | — | Jun 2017 | PGSIX vs AMFIX | |
| GMO Multi-Sector Fixed Income Fund | -1.00% | — | Apr 1997 | PGSIX vs GUGAX | |
| Leader Capital High Quality Income Fund Institutio... | -1.17% | — | Jul 2010 | PGSIX vs LCTIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | -1.17% | — | Jul 2010 | PGSIX vs LCTRX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, PEIYX, PEQSX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 92 | 14.93% | — | Jun 1977 | PGSIX vs PEYAX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 93 | 15.07% | — | Oct 1998 | PGSIX vs PEIYX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 93 | 15.12% | — | Jul 2012 | PGSIX vs PEQSX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 8 | 0.25% | — | Oct 1995 | PGSIX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 47 | 27.05% | — | Dec 2008 | PGSIX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 22 | 3.92% | — | Aug 1990 | PGSIX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 50 | 8.35% | — | Sep 2010 | PGSIX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 8 | 0.39% | — | Aug 1999 | PGSIX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 99 | 1.68% | — | Oct 2011 | PGSIX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 25 | 15.42% | — | Dec 1997 | PGSIX vs PNSAX |
Often Compared With PGSIX
Investors most often compare PGSIX with EBABX, LMSMX, ETV. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare PGSIX with Any Fund or Stock
Compare PGSIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PGSIX with funds that move differently
Putnam Mortgage Securities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PGSIX.
Explore PGSIX Diversifiers