Putnam Mortgage Opportunities Fund (PMOTX)
The investment seeks to maximize total return. The fund invests mainly in mortgage-related fixed income securities and related derivatives that are either investment-grade or below-investment-grade in quality. Under normal circumstances, it invests at least 80% of the fund's net assets in mortgages, mortgage-related fixed income securities and related derivatives. The fund generally uses the net unrealized gain or loss, or market value, of mortgage-related derivatives for purposes of this policy, but may use the notional value of a derivative if that is determined to be a more appropriate measure of the fund's investment exposure.
Fund Info
US7467641335
Apr 6, 2015
$5,000,000
Expense Ratio
PMOTX features an expense ratio of 0.47%, 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 Opportunities 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 Opportunities Fund had a return of 1.44% year-to-date (YTD) and 10.21% in the last 12 months.
PMOTX
1.44%
0.90%
4.46%
10.21%
2.85%
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of PMOTX, 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 | 1.32% | 1.44% | |||||||||||
| 2024 | 1.56% | 1.00% | 1.12% | 1.91% | 0.86% | 0.42% | 0.98% | -0.60% | -0.03% | 1.11% | 1.10% | 0.78% | 10.67% |
| 2023 | 1.45% | -0.16% | -1.08% | 0.31% | 0.19% | 1.48% | 1.31% | 0.38% | 0.38% | 0.50% | 1.08% | 1.14% | 7.16% |
| 2022 | 2.46% | 0.28% | 0.51% | 0.51% | 0.07% | -0.40% | 0.40% | 1.30% | -1.07% | 0.52% | 1.55% | -1.40% | 4.75% |
| 2021 | 1.44% | 2.03% | -0.67% | -0.88% | -0.78% | -0.91% | -1.35% | 0.17% | 0.28% | -0.39% | -0.61% | 0.00% | -1.70% |
| 2020 | 0.61% | 0.12% | -13.79% | 0.08% | 0.43% | 3.18% | -1.00% | 0.73% | 0.08% | 0.62% | 1.92% | 1.68% | -6.27% |
| 2019 | 1.39% | 0.79% | 1.48% | 1.66% | 0.38% | 0.48% | 1.14% | 0.57% | 1.13% | 0.21% | 1.44% | 0.75% | 12.02% |
| 2018 | 0.97% | 0.29% | 0.67% | 1.24% | 0.94% | 0.75% | 0.18% | -0.37% | 0.37% | -0.74% | -0.37% | -0.82% | 3.12% |
| 2017 | 1.84% | -0.60% | 0.71% | 0.50% | 0.60% | 0.30% | 0.99% | -1.18% | 0.50% | 0.69% | 0.69% | 0.88% | 6.03% |
| 2016 | -0.33% | 1.65% | 2.16% | 0.21% | -0.32% | 2.33% | 0.73% | 1.03% | 0.51% | 0.81% | 1.16% | 10.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, PMOTX is among the top 4% of 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 Opportunities Fund (PMOTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Putnam Mortgage Opportunities Fund provided a 6.00% dividend yield over the last twelve months, with an annual payout of $0.54 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.59 | $0.70 | $0.49 | $0.59 | $0.35 | $0.72 | $0.60 | $0.07 | $0.29 |
Dividend yield | 6.00% | 6.64% | 8.15% | 5.59% | 6.73% | 3.64% | 6.83% | 5.94% | 0.68% | 2.91% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.00 | $0.05 | ||||||||||
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.59 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.22 | $0.70 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.10 | $0.49 |
| 2021 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.21 | $0.59 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2019 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.44 | $0.72 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2016 | $0.29 | $0.29 |
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 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 17.86%, occurring on Mar 24, 2020. Recovery took 898 trading sessions.
The current Putnam Mortgage Opportunities Fund drawdown is 0.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.86% | Feb 25, 2020 | 21 | Mar 24, 2020 | 898 | Oct 17, 2023 | 919 |
| -2.48% | Sep 14, 2018 | 70 | Dec 24, 2018 | 47 | Mar 5, 2019 | 117 |
| -2.06% | Aug 3, 2017 | 33 | Sep 19, 2017 | 31 | Nov 1, 2017 | 64 |
| -1.23% | Aug 6, 2024 | 52 | Oct 17, 2024 | 8 | Oct 29, 2024 | 60 |
| -1.2% | Jul 18, 2018 | 28 | Aug 24, 2018 | 13 | Sep 13, 2018 | 41 |
Volatility
Volatility Chart
The current Putnam Mortgage Opportunities Fund volatility is 0.86%, 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.