Putnam Convertible Securities Fund
Data updated: 2026-09-25
C000153039 — Putnam Convertible Securities Fund. Short Preferred / Convertible Bond · $547.63M AUM. Holdings, fees, performance and SEC filings.
C000153039 Fund Overview
Putnam Convertible Securities Fund is a US mutual fund managed by Putnam Convertible Securities Fund, categorised as Short Preferred / Convertible Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Putnam Convertible Securities Fund
- Category: Short Preferred / Convertible Bond
- Assets under management: $547.63M
- 1-year return: 30.2%
- SEC CIK: 0000081247
- SEC series ID: S000005511
- Share class ID: C000153039
C000153039 Investment Objective and Strategy
Putnam Convertible Securities Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Putnam Convertible Securities Fund.
Investment objective
Putnam Convertible Securities Fund seeks, with equal emphasis, current income and capital appreciation.
Principal investment strategy
We invest mainly in convertible securities of U.S. companies. Under normal circumstances, we invest at least 80% of the fund’s net assets in convertible securities. This policy may be changed only after 60 days’ notice to shareholders. Convertible securities combine the investment characteristics of bonds and common stocks. Convertible securities include bonds, preferred stocks and other instruments that can be converted into or exchanged for common stock or equivalent value. A significant portion of the convertible securities we buy are below-investment-grade (sometimes referred to as “junk bonds”). The convertible bonds we buy usually have intermediate-to long-term stated maturities (i.e., three years or longer), but often contain “put” features, which allow bondholders to sell the bond back to the company under specified circumstances, that result in shorter effective maturities.
When deciding whether to buy or sell investments, we may consider, among other factors: (i) a security’s structural features, such as its position in a company’s capital structure and “put” and “call” features (a company’s right to repurchase the security under specified circumstances is a “call” feature); (ii) credit and prepayment risks; and (iii) with respect to a company’s common stock underlying a convertible security, the stock’s valuation and the company’s financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends.
C000153039 Holdings
Top 10 holdings of Putnam Convertible Securities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Lumentum Holdings, Inc. | 2.50% |
| Western Digital Corp. | 2.47% |
| Boeing Co. (The) | 2.44% |
| Alphabet, Inc. | 2.35% |
| Alphabet, Inc. | 2.34% |
| NextEra Energy, Inc. | 2.15% |
| Oracle Corp. | 1.93% |
| Snowflake, Inc. | 1.92% |
| Bank of America Corp. | 1.84% |
| CenterPoint Energy, Inc. | 1.60% |
C000153039 Portfolio Allocation
Asset-class allocation of Putnam Convertible Securities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 80.9% |
| Equity | 17.4% |
| Other | 1.5% |
| Cash & Equivalents | 0.2% |
C000153039 Performance
Total returns for C000153039 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 14.3% |
| 1 year | 30.2% |
| 3 years (annualised) | 16.3% |
| 5 years (annualised) | 5.5% |
C000153039 Risk Information
Risk metrics for C000153039, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.2%
C000153039 Costs and Fees
C000153039 costs about $68 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.68%
- Gross expense ratio: 0.68%
- Portfolio turnover: 88%
- Brokerage commissions: 0.37 bps of average net assets (SEC N-CEN)
C000153039 Cashflows
Over the 12 months to 2026-04, Putnam Convertible Securities Fund had net outflows of $30.92M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$4.21M |
| 2026-03 | −$3.07M |
| 2026-02 | −$2.64M |
| 2026-01 | −$6.47M |
| 2025-12 | $11.28M |
| 2025-11 | −$2.37M |
C000153039 Debt Constituents
Largest debt holdings of Putnam Convertible Securities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Lumentum Holdings, Inc. | 2.50% |
| Western Digital Corp. | 2.47% |
| Snowflake, Inc. | 1.92% |
| CenterPoint Energy, Inc. | 1.60% |
| Bloom Energy Corp. | 1.57% |
| CyberArk Software Ltd. | 1.47% |
| DigitalOcean Holdings, Inc. | 1.45% |
| Cipher Digital, Inc. | 1.43% |
| DoorDash, Inc. | 1.39% |
| ON Semiconductor Corp. | 1.36% |
C000153039 Prospectus and SEC Filings
Official Putnam Convertible Securities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-24
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus (485BPOS) — filed 2024-02-26
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-24
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-12
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other Short Preferred / Convertible Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.