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3 Putnam Mutual Funds for Scintillating Returns

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Since the launch of its first fund in 1937, Putnam Investments has come a long way. It is now one of the most-renowned financial investment companies in the world. Putnam had assets worth $182 billion under its management as of Aug 31, 2020, of which mutual fund assets comprised $89 billion. The fund family allocated its assets to more than 100 mutual funds, including equity and fixed income funds.

The company has more than 170 investment professionals and provides a wide range of financial services, including 60 institutional strategies. It now has presence in North America, Europe and Asia, with offices in London, Boston, Tokyo, Frankfurt, Singapore and Sydney.

Below we share with you three top-ranked Putnam mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.

Putnam Global Technology Fund Class A (PGTAX - Free Report) aims for capital growth. The fund mostly invests in common stocks of medium- and large- capitalization companies that operate in the technology sector. This is a non-diversified fund. PGTAX has three-year annualized returns of 28.7%.

As of the end of June 2020, PGTAX held 73 issues with 18.2% of its assets invested in Microsoft Corp.

Putnam Small Cap Growth Fund Class Y (PSYGX - Free Report) aims for capital growth. The fund primarily invests in common stocks of small American companies, which focus primarily on growth stocks. It invests the majority of its net assets in securities of companies that have a size similar to those included on the Russell 2000 Growth Index. PSYGX has three-year annualized returns of 22%.

PSYGX has an expense ratio of 0.95% compared with the category average of 1.22%.

Putnam Income Fund Class A (PINCX - Free Report) seeks high current income consistent with prudent risk. The fund invests the majority of its assets in bonds and other obligations of companies and governments globally, denominated in U.S. dollars, that are either investment-grade or below investment-grade and have intermediate- to long-term maturities. PINCX has three-year annualized returns of 5.8%.

Michael V. Salm is the fund manager of PINCX since 2007.

To view the Zacks Rank and past performance of all Putnam Investment mutual funds, investors can click here to see the complete list of funds.

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