PMOZX

About PMOZX

Putnam Mortgage Opportunities Fund – Class C is an open‑end mutual fund focused on securitized credit across the U.S. mortgage market. The fund seeks total return by actively allocating among agency mortgage‑backed securities, non‑agency residential mortgage‑backed securities, commercial mortgage‑backed securities, and related structured credit, complemented by derivatives to manage interest‑rate and prepayment risks. It is categorized as a nontraditional bond strategy with an absolute‑return orientation, reflecting flexible duration and broad latitude across mortgage sectors. The portfolio is broadly diversified, holding several hundred positions and maintaining a short effective duration profile, which can help moderate sensitivity to rate moves while emphasizing security selection and structural analysis. The fund distributes income on a monthly basis and measures results against cash and mortgage market benchmarks, underscoring its focus on risk‑adjusted returns rather than benchmark replication. Class C shares carry a contingent deferred sales charge if redeemed within 12 months, alongside higher ongoing expenses relative to institutional share classes.