PCGYX Fees and Costs — Putnam Convertible Securities Fund, Class Y
Data updated: 2026-09-25
The net expense ratio is 0.76%: a 0.60% management fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $19K in broker commissions, 0.0037% of average net assets, and portfolio turnover was 88%.
PCGYX Fees and Expenses
Annual operating expenses and sales charges of PCGYX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.76% |
| Fee waiver | — |
| Net expense ratio | 0.76% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PCGYX Costs Over Time
On $10,000 invested in PCGYX, assuming 5% a year before costs, total costs come to $480 over 5 years, cutting the return by 0.80% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.76%) | $80 | $250 | $434 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $263 | $480 |
| Value after costs | $10,420 | $11,313 | $12,283 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
PCGYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0037%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 88%
- Securities on loan, average value: $2.5M
- Net income from securities lending: $14K (0.003% of average net assets)
PCGYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $8K | 40.70% |
| Goldman Sachs & Co. LLC | $7K | 36.79% |
| BofA Securities, Inc. | $2K | 9.45% |
| Citigroup Global Markets Inc. | $2K | 8.73% |
| J.P. Morgan Securities LLC | $475 | 2.49% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $353 | 1.85% |
PCGYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $545.6M | 35.96% |
| J.P. Morgan Securities LLC | $336.8M | 22.20% |
| Goldman Sachs & Co. LLC | $215.6M | 14.21% |
| Morgan Stanley & Co. LLC | $153.0M | 10.09% |
| Barclays Capital, Inc. | $137.8M | 9.08% |
| Citigroup Global Markets Inc. | $80.5M | 5.31% |
| StoneX Financial, Inc | $25.2M | 1.66% |
| Jefferies LLC | $9.2M | 0.61% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $7.2M | 0.48% |
| TD SECURITIES (USA) LLC | $6.3M | 0.42% |
Putnam Convertible Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000153039 | Class I | 0.68% | none |
| C000202780 | Class R6 | 0.71% | none |
| PCGYX | Class Y | 0.76% | none |
| PCONX | Class A | 1.01% | 5.75% |
| PCVRX | Class R | 1.26% | none |
| C000015003 | Class C | 1.77% | none |
| PCNBX | Class B | 1.80% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.