PGVRX

About PGVRX

Putnam Mortgage Securities Fund Class R is a mutual fund focused on providing investors with a high level of current income while emphasizing the preservation of capital. Its primary function is to invest predominantly in a portfolio of mortgage-backed securities, many of which are backed by the full faith and credit of the U.S. government. The fund's holdings include a mix of agency pass-through securities, agency collateralized mortgage obligations (CMOs), and both commercial and residential mortgage-backed securities, with a noteworthy allocation to securities issued by major government-sponsored entities like the Federal National Mortgage Association and the Government National Mortgage Association. This fund is classified within the Intermediate Core-Plus Bond category and thus plays a significant role in diversified fixed income portfolios, especially for those seeking exposure to the U.S. mortgage market. With a monthly dividend payout, it is particularly attractive to investors emphasizing income generation. The fund manages risk by investing across various credit qualities and maturities, yet it predominantly maintains a high credit standard due to its focus on agency-backed securities. Through its active management and careful risk monitoring, Putnam Mortgage Securities Fund Class R seeks to deliver competitive income while offering potential diversification benefits within the broader bond market.