PUSYX

About PUSYX

Putnam Mortgage Securities Fund is a mutual fund specializing in mortgage and mortgage-related fixed income securities. Its primary objective is to generate a high level of current income while seeking to preserve capital. The fund allocates capital across a spectrum of mortgage-backed securities, encompassing both agency-backed instruments—such as those issued by Ginnie Mae, Fannie Mae, or Freddie Mac—and non-agency securities, which may include residential and commercial mortgage-backed securities, including those rated below investment grade. Notably, the fund frequently holds positions in collateralized mortgage obligations and occasionally in other asset-backed securities, offering exposure to both government-guaranteed and privately issued credit markets. Derivatives, such as credit default swaps and interest rate swaps, may also be employed to manage risk and enhance yield. By focusing on this diverse range of mortgage-related assets, Putnam Mortgage Securities Fund plays a key role for investors seeking income within the fixed income sector, especially those interested in the dynamics of U.S. housing and real estate finance markets.