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PCNBX Putnam Convertible Securities B

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Fund PCNBX Putnam Convertible Securities B CWB SPDR® Blmbg Barclays Convert Secs ETF  
100% 95%
Annual Fees
(1.81% Exp. Ratio)
(0.40% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 0.54% annual return
$6,799.99 $10,429.67
Est. savings over 30 yrs +$3,629.68
As of 12/31/16
1 YR RETURN 8.72%
3 YR 2.28%
5 YR 8.15%
10 YR 4.61%
1 YR RETURN 10.50%
3 YR 5.69%
5 YR 10.44%
10 YR --
The investment seeks current income and capital appreciation; its secondary objective is conservation of capital. The fund invests mainly in convertible securities of U.S. companies. Convertible securities combine the investment characteristics of bonds and common stocks. Under normal circumstances, it invests at least 80% of the fund's net assets in convertible securities. 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 are below-investment-grade.
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays U.S. Convertible Bond >$500MM Index. The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to represent the market of U.S. convertible securities with outstanding issue sizes greater than $500 million. It is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

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