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Managed Fund Since 2007
Fixed Income
Putnam VT Mortgage Securities Fund
Popular Documents
Total Net Assets
$25.74M
As of 12/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
The fund seeks as high a level of current income as the portfolio managers believe is consistent with preservation of capital by investing in mortgage sectors, including agency mortgage-backed securities (MBS) and collateralized mortgage obligations, and non-agency residential MBS and commercial MBS, and asset-backed securities.
- Benchmark
- Bloomberg U.S. MBS Index
- Additional Benchmark
- Putnam VT Mortgage Securities Linked Benchmark
- Fund Inception Date
- 02/01/2000
- Share Class Inception Date
- 02/01/2000
Identifiers
- Ticker
- —
- Fund Number
- 5476
- CUSIP Code
- 746896455
- Bloomberg Code
- VPAGIBV US
Top Sectors
As of 12/31/2025 - Notional Exposure % of Total (Updated Monthly)
Agency Pass-through150.56% | |
Agency CMO28.54% | |
Commercial Mortgage-Backed Securities25.47% | |
Residential MBS (Non-agency)21.54% | |
Asset-Backed Securities0.47% |
Additional Fund Info
- Asset Class
- Fixed Income
- Morningstar Category
4 - Securitized Bond - Diversified
- Lipper Classification
- U.S. Mortgage Funds
- Investment Style
- Securitized
Manager and Commentary
About the Team
Franklin Templeton Fixed Income
A global leader in fixed income, the team strives to provide consistent and resilient returns by combining deep fundamental research with rigorous portfolio construction. This solutions-drives approach means maintaining portfolio and risk exposures that align with client expectations.
Franklin Templeton Fixed Income
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Managed Fund Since 2017
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Managed Fund Since 2024
Latest Insights
January 8, 2026
January 6, 2026
December 22, 2025
December 18, 2025
Portfolio
Assets
As of12/31/2025 (Updated Monthly)
- Total Net Assets
- $25.74 Million
Positions
As of 12/31/2025 (Updated Monthly)
Number of Holdings
- Fund
- 381
Portfolio Statistics
As of 12/31/2025 (Updated Monthly)
Weighted Average Life
- Fund
- 7.90 Years
- Fund
- 5.51 Years
Geographic Allocation
As of 12/31/2025 - Market Value % of Total (Updated Monthly)
| Geography | Fund | Benchmark |
|---|---|---|
United States | 99.99% | 100.00% |
France | 0.09% | — |
United Kingdom | -0.08% | — |
Holdings
As of 12/31/2025 (Updated Monthly)
FNMA FN30 TBA UMBS 05.5000 01/01/2056
FNMA FN30 TBA UMBS 02.0000 01/01/2055
FNMA FN30 TBA UMBS 06.0000 01/01/2055
FNMA FN30 TBA UMBS 03.5000 01/01/2055
FNMA FN30 TBA UMBS 02.5000 01/01/2056
FNMA FN30 TBA UMBS 04.0000 01/01/2056
FNMA FN30 TBA UMBS 03.0000 01/01/2055
GNMA GII30 TBA 02.5000 01/01/2056
GNMA GII30 TBA 06.5000 01/01/2056
GNMA GII30 TBA 06.0000 01/01/2056
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
Federal ID Number 04-3492542
For information on tax years prior to 2008, please contact us2025 tax information will be available in early February
These amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Data not currently available.
Documents
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Financial Statements and Other Information - Putnam VT Mortgage Securities Fund | |||
| Annual Report - Putnam VT Mortgage Securities Fund - Class IB | |||
| Semi-Annual Report - Putnam VT Mortgage Securities Fund - Class IB | |||
| Semi-Annual Financial Statements and Other Information - Putnam VT Mortgage Securities Fund | |||
| Prospectus - Putnam VT Mortgage Securities Fund | |||
| Summary Prospectus - Putnam VT Mortgage Securities Fund | |||
| Statement Of Additional Information - Putnam Variable Trust | |||
| Fiscal Q1 Holdings - Putnam VT Mortgage Securities Fund | |||
| Fiscal Q3 Holdings - PUTNAM VARIABLE TRUST |
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Active management does not ensure gains or protect against market declines. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.
Important Information
Past performance is no guarantee of future results. These portfolios are available as investment options under a variable annuity or variable life contract. Shares of the portfolios are offered only to insurance company separate accounts that fund certain variable annuity or life contracts. These portfolios may not be available in all states and may only be offered in certain variable products. Please refer to the prospectuses. Variable annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Withdrawals made prior to age 59 1/2 are subject to a 10% IRS penalty charge and/or surrender charges. Investments in a variable annuity are subject to market risks, including loss of principal. Guarantees are based on the claims-paying ability of the insurer.
VARIABLE ANNUITIES ARE SOLD BY PROSPECTUS ONLY. AN INVESTOR SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE INSURANCE CONTRACT AND THE UNDERLYING PORTFOLIO CAREFULLY BEFORE INVESTING. THE PROSPECTUSES CONTAIN THIS AND OTHER IMPORTANT INFORMATION ABOUT THE INSURANCE CONTRACT AND THE UNDERLYING PORTFOLIO. FOR A FREE PROSPECTUS ON THE UNDERLYING PORTFOLIO, PLEASE CLICK ON THE PROSPECTUS LINK. AN INVESTOR SHOULD READ THE PROSPECTUSES CAREFULLY BEFORE INVESTING.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The Bloomberg U.S. MBS Index is an unmanaged index of agency mortgage-backed pass-through securities (both fixed-rate and hybrid adjustable-rate mortgages) guaranteed by Ginnie Mae, Fannie Mae, and Freddie Mac. Source: Bloomberg Indices.
Franklin Distributors, LLC. Member FINRA/SIPC. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the fund are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
FINANCIAL ADVISORS: Please note that not all share classes may be available for sale at your firm. Please call Franklin Templeton at (800) 530-2432 for more information.