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 $169 billion under its management as of June 30, 2020, of which mutual fund assets comprised $83 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) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
Putnam Equity Income Fund Class A (PEYAX - Free Report) aims for capital appreciation and current income. The fund mostly invests in securities of medium- and large-capitalization companies. The fund has a focus on value stocks which may offer current income or capital growth or both. PEYAX has three-year annualized returns of 5.4%.
Darren A. Jaroch is the fund manager of PEYAX since 2012.
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 which operate in the technology sector. This is a non-diversified fund. PGTAX has three-year annualized returns of 26.2%.
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. The fund 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 13.3%.
PSYGX has an expense ratio of 0.95% compared with the category average of 1.22%.
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.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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 $169 billion under its management as of June 30, 2020, of which mutual fund assets comprised $83 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) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
Putnam Equity Income Fund Class A (PEYAX - Free Report) aims for capital appreciation and current income. The fund mostly invests in securities of medium- and large-capitalization companies. The fund has a focus on value stocks which may offer current income or capital growth or both. PEYAX has three-year annualized returns of 5.4%.
Darren A. Jaroch is the fund manager of PEYAX since 2012.
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 which operate in the technology sector. This is a non-diversified fund. PGTAX has three-year annualized returns of 26.2%.
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. The fund 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 13.3%.
PSYGX has an expense ratio of 0.95% compared with the category average of 1.22%.
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.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on PSYGX - FREE
Get the latest research report on PGTAX - FREE
Get the latest research report on PEYAX - FREE