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Putnam Investments managed assets worth $188 billion as of the end of November 2020, with $91 billion allocated to more than 100 mutual funds. The company operates in North America, Europe and Asia through offices in Boston, London, Sydney, Frankfurt, Singapore and Tokyo.
After the introduction of its fund in 1937, Putnam Investments gradually evolved as one of the most renowned global financial investment companies. It provides a wide range of financial services, including 60 institutional strategies. At present, this Boston-based company has more than 170 investment professionals.
Putnam Income Fund Class R5 (PINFX - Free Report) aims for high current income consistent with prudent risk. The fund mostly invests in bonds that are securitized debt instruments (such as mortgage-backed investments) and other instruments of companies and governments worldwide denominated in U.S. dollars. PINFX has three-year annualized returns of 6.4%.
PINFX has an expense ratio of 0.45% compared with the category average of 0.80%.
Putnam Global Technology Fund Class Y (PGTYX - Free Report) aims for capital appreciation. The non-diversified fund invests the majority of its assets in common stocks of large and midsize technology companies. PGTYX has three-year annualized returns of 28.3%.
As of the end of September 2020, PGTYX held 82 issues, with 16.68% of its assets invested in Microsoft Corp.
Putnam Short Duration Bond Fund Class Y (PARYX - Free Report) seeks as high a rate of current income as the fund’s management believes would be consistent with preservation of capital. The fund invests in a diversified portfolio of fixed income securities. PARYX has three-year annualized returns of 3.4%.
D. William Kohli is one of the fund managers of PARYX since 2008.
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3 Putnam Mutual Funds Worth Betting On
Putnam Investments managed assets worth $188 billion as of the end of November 2020, with $91 billion allocated to more than 100 mutual funds. The company operates in North America, Europe and Asia through offices in Boston, London, Sydney, Frankfurt, Singapore and Tokyo.
After the introduction of its fund in 1937, Putnam Investments gradually evolved as one of the most renowned global financial investment companies. It provides a wide range of financial services, including 60 institutional strategies. At present, this Boston-based company has more than 170 investment professionals.
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 Income Fund Class R5 (PINFX - Free Report) aims for high current income consistent with prudent risk. The fund mostly invests in bonds that are securitized debt instruments (such as mortgage-backed investments) and other instruments of companies and governments worldwide denominated in U.S. dollars. PINFX has three-year annualized returns of 6.4%.
PINFX has an expense ratio of 0.45% compared with the category average of 0.80%.
Putnam Global Technology Fund Class Y (PGTYX - Free Report) aims for capital appreciation. The non-diversified fund invests the majority of its assets in common stocks of large and midsize technology companies. PGTYX has three-year annualized returns of 28.3%.
As of the end of September 2020, PGTYX held 82 issues, with 16.68% of its assets invested in Microsoft Corp.
Putnam Short Duration Bond Fund Class Y (PARYX - Free Report) seeks as high a rate of current income as the fund’s management believes would be consistent with preservation of capital. The fund invests in a diversified portfolio of fixed income securities. PARYX has three-year annualized returns of 3.4%.
D. William Kohli is one of the fund managers of PARYX since 2008.
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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