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Putnam Mortgage Securities Fund Class A (PGSIX)

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8.46 -0.02 -0.24%

10/05 - Delayed Data. Currency in USD ( Disclaimer )

Type: Fund

Market: United States

Issuer: Putnam

Asset Class: Bond

Morningstar Rating:
Total Assets: 382.03M

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Putnam Mortgage Securities Fund Class A Overview

On this page you'll find an in-depth profile of Putnam Mortgage Securities Fund Class A. Learn about the key management, total assets, investment strategy and contact information of PGSIX among other information.

Investment Strategy

The investment seeks as high a level of current income as the adviser believes is consistent with preservation of capital. The fund invests mainly in mortgages, mortgage-related fixed income securities and related derivatives that are either investment-grade or below-investment-grade in quality (sometimes referred to as "junk bonds"). Under normal circumstances, it invests at least 80% of its net assets (plus any borrowings for investment purposes) in mortgages, mortgage-related fixed income securities and related derivatives (i.e., derivatives used to acquire exposure to, or whose underlying securities are, mortgages or mortgage-related securities).

Contact Information

Address One Franklin Parkway, Building 970, 1st Floor
San Mateo,CA 94403
United States

Phone +1 650 3122000

Web www.franklintempleton.com

Top Executives

Name	Title	Since	Until
Brett Kozlowski	Co-Head	2018	Now
Biography	Mr. Kozlowski is a Portfolio Manager in the Fixed Income Structured Credit group. He is responsible for developing investment strategies within securitized sectors, including agency mortgage-backed securities (MBS); non-agency residential mortgage-backed securities (RMBS); commercial mortgage-backed securities (CMBS); and asset-backed securities. In addition, he is a Portfolio Manager of Putnam Income Fund and assists in the management of several institutional client portfolios. He joined Putnam in 2008 and has been in the investment industry since 1997. Prior to joining Putnam, Mr. Kozlowski held roles of increasing responsibility at Fidelity Investmentsincluding Portfolio Manager from 2008 to 2006; Research Analyst from 2006 to 2003; Trader from 2001 to 2003; Portfolio Analyst from 2000 to 2001; and Research Associate from 1997 to 2000. He earned a B.S. from Massachusetts Institute of Technology.
Jatin Misra	Portfolio Manager	2017	Now
Biography	Jatin Misra is Portfolio Manager. Previously served as Analyst and Quantitative Analyst. Joined Putnam Management since 2004.
Michael V. Salm	Chief Investment Officer	2007	Now
Biography	Mr. Salm is a Co-Head of Fixed Income, specializing in liquid markets and securitized strategies. In this role, he oversees investment strategies related to mortgage and securitized products, interest-rate and volatility derivatives, and money markets. In addition, he manages trading operations and Putnam's Fixed Income quantitative teams. He is a portfolio manager of core global, core plus, global government, fixed income global alpha, and dedicated mortgage strategies, as well as fixed income hedge funds. Mr. Salm joined Putnam in 1997 and has been in the investment industry since 1989. Previously at Putnam, he served as a Portfolio Manager responsible for mortgage strategies in fixed income portfolios. Prior to joining Putnam, Mr. Salm was a Mortgage Specialist at BlackRock Financal Management from 1996 to 1997, a Vice President and Trader at Nomura Securities from 1994 to 1996, a Vice President and Structurer at Nikko Securities from 1993 to 1994, and an Analyst at Fitch Investor Services from 1991 to 1992. Mr. Salm earned a B.S. from Cornell University.
Daniel S. Choquette	Senior Vice President	2005	2013
Biography	Mr. Choquette is a Portfolio Manager of Putnam American Government Income Fund, Putnam Income Fund, and Putnam U.S. Government Income Trust. He specializes in mortgage pass-throughs, mortgage derivatives, and adjustable-rate mortgages (ARMS). A CFA charterholder, Mr. Choquette joined Putnam in 2002 and has been in the investment industry since 1997.
Robert A. Bloemker	Managing Director	2002	2011
Biography	Bloemker is managing director and mortgage specialist in the core fixed income team. Bloemker joined Putnam in 1999. Prior to joining Putnam, Bloemker served as managing director of mortgage sales and trades for Lehman Brothers. Previously, Bloemker was employed by Salomon Brothers as vice president of mortgage sales and trading.
Kevin M. Cronin	Head	1998	2007
Biography	Mr. Cronin is a Managing Director and Chief Investment Officer of Putnam's fixed-income portfolio management teams. Mr. Cronin joined Putnam in 1997. In 1998, he assumed responsibility for Putnam's mortgage- and asset-backed and multisector portfolio construction teams. In 2000 he was promoted to head the sovereign bond group. Tax-exempt strategies were added to his responsibilities in 2003. He has 15 years of investment industry experience. Cronin is head of investments, Chief Investment Officer, in Core Fixed Income, Fixed Income Money Market and Tax Exempt Fixed Income Teams.
Michael Martino	Senior Vice President	1994	2001
Biography	Martino is a senior vice president with Putnam Investments, his employer since 1994. Previously, he served as a portfolio manager, chief investment officer, executive vice president, and director with Back Bay Advisors from 1988 to 1994. Prior to that, he served as with The New England Mutual Life Insurance Company from 1982 to 1988. He has 12 years of investment experience.
Diane D.F. Wheeler	Vice President, Portfolio Manager	1995	1995
Biography	Wheeler is a vice president and portfolio manager with Putnam Management, specializing in mortgage-backed securities and derivative products. She joined Putnam in 1988 as an analyst in the governments group. Wheeler was a summer intern at Goldman, Sachs and Company in 1987 and an analyst at the First Boston Corporation from 1983 to 1985. Wheeler is a Chartered Financial Analyst and a member of the Mortgage-backed Securities Task Force and the Boston Securities Analysts Society.
Diane D.F. Wheeler	Vice President, Portfolio Manager	1992	1994
Biography	Wheeler is a vice president and portfolio manager with Putnam Management, specializing in mortgage-backed securities and derivative products. She joined Putnam in 1988 as an analyst in the governments group. Wheeler was a summer intern at Goldman, Sachs and Company in 1987 and an analyst at the First Boston Corporation from 1983 to 1985. Wheeler is a Chartered Financial Analyst and a member of the Mortgage-backed Securities Task Force and the Boston Securities Analysts Society.
Christopher A. Ray	Senior Vice President, Portfolio Manager	1992	1992
Biography	Ray is senior vice president and portfolio manager with Putnam Investments, his employer since 1986. He first joined the firm as an analyst and later rejoined the firm in 1993 as vice president and manage portfolios. In the interim, he was a vice president and portfolio manager with Scudder, Stevens, & Clark in 1992. He has 13 years of investment experience. Ray is a member of the Boston Security Analysts Society. Ray holds the Chartered Financial Analyst designation.

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Recent Quotes

	Name	Price	Chg.	Chg. %
	Putnam US Governm.	8.46	-0.02	-0.24%