- ISIN
- US7467641335
- Issuer
- Putnam
- Inception Date
- Apr 6, 2015
- Category
- Nontraditional Bonds
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PMOTX Performance Chart
Putnam Mortgage Opportunities Fund (PMOTX) is up 5.0% since the beginning of the year. PMOTX is currently trading at $9 per share. Investors who bought $1,000 worth of PMOTX shares 5 years ago would now be looking at an investment worth $1,274.
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Returns By Period
Putnam Mortgage Opportunities Fund (PMOTX) has returned 5.03% so far this year and 6.29% over the past 12 months. Over the last ten years, PMOTX has returned 4.39% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Putnam Mortgage Opportunities Fund
- 1D
- -0.11%
- 1M
- 1.25%
- YTD
- 5.03%
- 6M
- 3.74%
- 1Y
- 6.29%
- 3Y*
- 8.14%
- 5Y*
- 4.97%
- 10Y*
- 4.39%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PMOTX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, PMOTX's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, an investment would double in approximately 17.0 years.
Historically, 76% of months were positive and 24% were negative. The best month was Jun 2020 with a return of +3.2%, while the worst month was Mar 2020 at -13.8%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PMOTX closed higher 42% of trading days. The best single day was Jun 5, 2020 with a return of +3.3%, while the worst single day was Mar 19, 2020 at -4.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.52% | 1.09% | 1.01% | 0.30% | 1.37% | 0.66% | 5.03% | ||||||
| 2025 | 0.79% | 0.97% | -0.44% | 0.26% | 0.55% | 0.69% | 0.48% | 1.00% | -0.19% | 0.24% | 0.45% | -1.01% | 3.83% |
| 2024 | 1.56% | 1.00% | 0.57% | 1.91% | 0.86% | 0.42% | 0.98% | -0.60% | -0.04% | 1.11% | 1.10% | 0.78% | 10.08% |
| 2023 | 1.45% | -0.16% | -1.49% | 0.31% | 0.19% | 1.48% | 1.31% | 0.38% | 0.38% | 0.50% | 1.08% | 1.14% | 6.71% |
| 2022 | 2.46% | 0.28% | 0.50% | 0.50% | 0.07% | -0.40% | 0.40% | 1.30% | -1.07% | 0.52% | 1.55% | -1.80% | 4.33% |
| 2021 | 1.44% | 2.03% | -0.67% | -0.88% | -0.78% | -0.91% | -1.35% | 0.17% | 0.27% | -0.39% | -0.61% | -1.96% | -3.63% |
Benchmark Metrics
Putnam Mortgage Opportunities Fund has an annualized alpha of 3.34%, beta of 0.05, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (13.69%) than losses (4.71%) - typical of diversified or defensive assets.
- Beta of 0.05 may look defensive, but with R2 of 0.04 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.04 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.34%
- Beta
- 0.05
- R²
- 0.04
- Upside Capture
- 13.69%
- Downside Capture
- 4.71%
Expense Ratio
PMOTX has an expense ratio of 0.47%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PMOTX ranks 74 for risk / return — better than 74% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam Mortgage Opportunities Fund (PMOTX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PMOTX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.37 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 2.78 | +1.35 |
| Martin ratioReturn relative to average drawdown | 13.64 | 12.44 | +1.20 |
Dividends
Dividend History
Putnam Mortgage Opportunities Fund provided a 3.70% dividend yield over the last twelve months, with an annual payout of $0.34 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.38 | $0.54 | $0.66 | $0.45 | $0.41 | $0.35 | $0.72 | $0.60 | $0.08 |
Dividend yield | 3.70% | 4.26% | 6.11% | 7.73% | 5.17% | 4.72% | 3.64% | 6.83% | 5.94% | 0.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Mortgage Opportunities 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.02 | $0.04 | $0.00 | $0.02 | $0.02 | $0.00 | $0.09 | ||||||
| 2025 | $0.00 | $0.05 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.38 |
| 2024 | $0.05 | $0.05 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.54 |
| 2023 | $0.04 | $0.04 | $0.00 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.22 | $0.66 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.45 |
| 2021 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.41 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Mortgage Opportunities 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 Opportunities Fund was 17.57%, occurring on Mar 25, 2020. Recovery took 959 trading sessions.
The current Putnam Mortgage Opportunities Fund drawdown is 0.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -17.57%Mar 2020 | 29d | 3y 9mo | 3y 10moFeb 2020 - Jan 2024 |
2016 pullback2016 | -5.41%Feb 2016 | 1mo 25d | 4mo 22d | 6mo 17dJan 2016 - Jul 2016 |
2016 pullback2016 | -3.09%Dec 2016 | 5d | 4mo 5d | 4mo 10dDec 2016 - Apr 2017 |
Rate-hike selloffLate 2018 | -2.48%Dec 2018 | 3mo 11d | 2mo 11d | 5mo 22dSep 2018 - Mar 2019 |
2017 pullback2017 | -2.05%Sep 2017 | 1mo 17d | 1mo 25d | 3mo 12dAug 2017 - Nov 2017 |
Drawdown Indicators
| PMOTX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.57% | -56.78% | +39.21% |
Max Drawdown (1Y)Largest decline over 1 year | -1.56% | -9.10% | +7.54% |
Max Drawdown (3Y)Largest decline over 3 years | -1.77% | -18.90% | +17.13% |
Max Drawdown (5Y)Largest decline over 5 years | -4.34% | -25.43% | +21.09% |
Max Drawdown (10Y)Largest decline over 10 years | -17.57% | -33.92% | +16.35% |
Current DrawdownCurrent decline from peak | -0.11% | -1.80% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -10.71% | +7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 2.03% | -1.56% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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