PGSIX Alternatives & Similar Mutual Funds

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 108 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
MCFIX	Mercer Core Fixed Income Fund	0.16%	—	Aug 2005	PGSIX vs MCFIX
SSASX	State Street Income Fund	0.20%	—	Jan 1980	PGSIX vs SSASX
TIBDX	TIAA-CREF Core Bond Fund	0.29%	—	Jul 1999	PGSIX vs TIBDX
EINFX	Elfun Income Fund	0.29%	—	Dec 1984	PGSIX vs EINFX
BCOIX	Baird Core Plus Bond Fund	0.30%	—	Sep 2000	PGSIX vs BCOIX

Best Risk-Adjusted Alternatives to PGSIX

PGSIX has a PortfoliosLab risk / return rank of 51. There are 7 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
HOBIX	Holbrook Income Fund Class I	98	—	Jul 2016	PGSIX vs HOBIX
LCTIX	Leader Capital High Quality Income Fund Institutio...	92	—	Jul 2010	PGSIX vs LCTIX
LCTRX	Leader Capital High Quality Floating Rate Fund Inv...	90	—	Jul 2010	PGSIX vs LCTRX
MDVAX	MassMutual Diversified Bond Fund	83	—	May 1999	PGSIX vs MDVAX
GUGAX	GMO Multi-Sector Fixed Income Fund	74	—	Apr 1997	PGSIX vs GUGAX

Top Performing PGSIX Alternatives (YTD)

PGSIX is at 2.89% YTD. No mutual funds in the Intermediate Core-Plus Bond category have higher YTD returns; the top-performing alternatives shown here go as high as 2.59%.

Symbol	Name	YTD Return	AUM	Inception
MDVAX	MassMutual Diversified Bond Fund	2.59%	—	May 1999	PGSIX vs MDVAX
HOBIX	Holbrook Income Fund Class I	2.43%	—	Jul 2016	PGSIX vs HOBIX
AAIIX	Ancora Income Fund	2.39%	—	Jan 2004	PGSIX vs AAIIX
SEATX	SEI Tax Exempt Trust Tax-Advantaged Income Fund	2.21%	—	Sep 2007	PGSIX vs SEATX
NPCT	Nuveen Core Plus Impact Fund	2.11%	—	Apr 2021	PGSIX vs NPCT

Lowest Volatility Alternatives to PGSIX

PGSIX has 5.06% 1-year volatility. There are 123 mutual funds in the Intermediate Core-Plus Bond category with lower 1-year volatility, going as low as 1.04%.

Symbol	Name	Volatility 1Y	AUM	Inception
AMFIX	AAMA Income Fund	1.04%	—	Jun 2017	PGSIX vs AMFIX
ARINX	Archer Income Fund	1.79%	—	Mar 2011	PGSIX vs ARINX
SMTRX	ALPS/Smith Total Return Bond Fund	1.90%	3.25B	Jun 2018	PGSIX vs SMTRX
LCTRX	Leader Capital High Quality Floating Rate Fund Inv...	1.91%	—	Jul 2010	PGSIX vs LCTRX
LCTIX	Leader Capital High Quality Income Fund Institutio...	1.97%	—	Jul 2010	PGSIX vs LCTIX

Lowest Drawdown Alternatives to PGSIX

PGSIX has a 1-year max drawdown of -2.85%. There are 44 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
HOBIX	Holbrook Income Fund Class I	-0.51%	—	Jul 2016	PGSIX vs HOBIX
AMFIX	AAMA Income Fund	-0.74%	—	Jun 2017	PGSIX vs AMFIX
GUGAX	GMO Multi-Sector Fixed Income Fund	-1.16%	—	Apr 1997	PGSIX vs GUGAX
LCTRX	Leader Capital High Quality Floating Rate Fund Inv...	-1.17%	—	Jul 2010	PGSIX vs LCTRX
LCTIX	Leader Capital High Quality Income Fund Institutio...	-1.17%	—	Jul 2010	PGSIX vs LCTIX

Other Mutual Funds from Putnam

The 10 most viewed Putnam mutual funds shown here include PEYAX, POGAX, PEQSX and span 5 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
PEYAX	Putnam Large Cap Value Fund	Large Cap Value Equities	80	9.88%	—	Jun 1977	PGSIX vs PEYAX
POGAX	Putnam Growth Opportunities Fund	Large Cap Growth Equities	27	9.53%	—	Oct 1995	PGSIX vs POGAX
PEQSX	Putnam Large Cap Value Fund Class R6	Large Cap Value Equities	81	10.03%	—	Jul 2012	PGSIX vs PEQSX
PEIYX	Putnam Large Cap Value Fund	Large Cap Value Equities	81	10.00%	—	Jan 1998	PGSIX vs PEIYX
PGTYX	Putnam Global Technology Fund	Technology Equities	91	44.30%	—	Dec 2008	PGSIX vs PGTYX
PNOPX	Putnam Sustainable Leaders Fund	Large Cap Growth Equities	27	4.81%	—	Aug 1990	PGSIX vs PNOPX
PMYYX	Putnam Multi-Cap Core Fund	Large Cap Blend Equities	59	8.74%	—	Sep 2010	PGSIX vs PMYYX
PGOYX	Putnam Large Cap Growth Y	Large Cap Growth Equities	28	9.63%	—	Aug 1999	PGSIX vs PGOYX
PSDYX	Putnam Ultra Short Duration Income Fund	Ultrashort Bond	98	1.43%	—	Oct 2011	PGSIX vs PSDYX
PNRAX	Putnam Research Fund	Large Cap Blend Equities	86	14.19%	—	Oct 1995	PGSIX vs PNRAX

Often Compared With PGSIX

Investors most often compare PGSIX with ETV, FSPGX, FXAIX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
ETV	Eaton Vance Tax-Managed Buy-Write Opportunities Fu...		79	7.46%	—	—	PGSIX vs ETV
FSPGX	Fidelity Large Cap Growth Index Fund	Large Cap Growth Equities	32	8.60%	—	—	PGSIX vs FSPGX
FXAIX	Fidelity 500 Index Fund	S&P 500	73	11.71%	—	Feb 1988	PGSIX vs FXAIX
LMSMX	Western Asset SMASh Series M Fund	Intermediate Core-Plus Bond	43	1.11%	—	Dec 2006	PGSIX vs LMSMX
EBABX	Eaton Vance Total Return Bond Fund Class A	Intermediate Core-Plus Bond	28	0.41%	—	Nov 2009	PGSIX vs EBABX
CTRIX	Calamos Total Return Bond Fund	Intermediate Core-Plus Bond	23	0.07%	—	Jun 2007	PGSIX vs CTRIX
JCPUX	JPMorgan Core Plus Bond Fund Class R6	Intermediate Core-Plus Bond	39	0.89%	—	Feb 2005	PGSIX vs JCPUX
DLFNX	DoubleLine Core Fixed Income Fund	Intermediate Core-Plus Bond	20	-0.09%	—	Jun 2010	PGSIX vs DLFNX
PYCBX	Payden Core Bond Fund	Intermediate Core-Plus Bond	31	0.39%	—	Dec 1993	PGSIX vs PYCBX
PINCX	Putnam Income Fund	Intermediate Core-Plus Bond	36	0.92%	—	Nov 1954	PGSIX vs PINCX
PDBZX	PGIM Total Return Bond Fund Class Z	Intermediate Core-Plus Bond	27	0.72%	—	Jan 1997	PGSIX vs PDBZX
ACGYX	AB Income Fund	Intermediate Core-Plus Bond	23	0.63%	—	Aug 1987	PGSIX vs ACGYX
ANBAX	American Funds Strategic Bond Fund	Intermediate Core-Plus Bond	7	-0.70%	—	Mar 2016	PGSIX vs ANBAX
JAFLX	Janus Henderson VIT Flexible Bond Portfolio	Intermediate Core-Plus Bond	26	0.30%	—	Sep 1993	PGSIX vs JAFLX
HLIPX	JPMorgan Core Plus Bond Fund	Intermediate Core-Plus Bond	28	0.44%	—	Mar 1993	PGSIX vs HLIPX
PTSAX	PIMCO Total Return ESG Fund	Intermediate Core-Plus Bond	28	0.50%	—	May 1991	PGSIX vs PTSAX
IIBAX	Voya Intermediate Bond Fund	Intermediate Core-Plus Bond	19	0.53%	—	Dec 1998	PGSIX vs IIBAX
PTIAX	Performance Trust Strategic Bond Fund	Intermediate Core-Plus Bond	31	0.86%	—	Aug 2010	PGSIX vs PTIAX
TOBAX	Touchstone Active Bond Fund	Intermediate Core-Plus Bond	29	0.23%	—	Oct 1994	PGSIX vs TOBAX
SAMFX	Virtus Seix Total Return Bond Fund	Intermediate Core-Plus Bond	21	0.35%	—	Dec 1997	PGSIX vs SAMFX

Compare PGSIX with Any Fund or Stock

Compare PGSIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

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

Putnam Mortgage Securities Fund (PGSIX) Alternatives