PCGYX

About PCGYX

Putnam Convertible Securities Fund Class Y is a mutual fund focused on providing current income and capital appreciation, with a secondary goal of preserving capital. This fund primarily invests in convertible securities—hybrid instruments that offer features of both bonds and stocks—issued by mid-sized and large U.S. companies. Such securities provide investors with the potential for income through interest payments as well as participation in the potential upside of equity markets. Managed by Putnam Investment Management since its inception in June 1972, the fund follows a disciplined approach, typically allocating at least 80% of its net assets to equity investments. With a diversified portfolio that recently included 99 holdings, the fund aims to capitalize on the unique risk-return profile of convertible securities. Investors receive quarterly dividend distributions and, if applicable, annual capital gains. The fund is designed for those seeking a strategic blend of income generation, capital growth, and moderate risk, making it a distinctive vehicle within the hybrid securities segment of the financial market.