Increased competition, a benchmark-aware process, and team concerns keep Putnam Convertible Securities’ Morningstar Analyst Rating at Neutral for its cheapest shares, while its pricier ones get Negative ratings.
Morningstar’s Fund Analysis PCONX
Will PCONX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PCONX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PCONX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PCONX’s parent organization’s priorities and whether they’re in line with investors’ interests.