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3 Zacks Rank #1 Putnam Mutual Funds for Attractive Returns
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Putnam Investments managed assets worth over $169 billion as of October 2017, of which $78 billion is allocated to more than 80 mutual funds, including both equity and fixed income funds. The company operates in North America, Europe and Asia with offices in Boston, London, Frankfurt, Tokyo, Sydney and Singapore.
After the introduction of its first 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 50 institutional strategies. At present, the Boston-based company has more than 200 investment professionals.
Putnam Tax-Free High Yield A (PTHAX - Free Report) seeks high current income free from federal income tax. The majority of the fund’s assets are invested in bonds, the interest from which is exempt from federal income tax. It purchases securities rated investment grade as well as those of lower quality. Putnam Tax-Free High Yield A has five-year annualized returns of 4.2%.
Garrett Hamilton is one of the fund managers of PTHAX since 2016.
Putnam Convertible Income-Growth A (PCONX - Free Report) seeks current income and capital conservation and appreciation. PCONX invests the bulk of its assets in convertible securities, a significant portion of which is rated below investment grade. It focuses on large and mid-cap companies and securities with maturity of three years or more. Putnam Convertible Income-Growth A has five-year annualized returns of 9.8%.
As of September 2017, PCONX held 120 issues with 3.37% of its assets invested in Microchip Tech 144A Cv 1.625%
Putnam Global Technology Y (PGTYX - Free Report) seeks growth of capital over the long run. PGTYX invests a major portion of its assets in securities of companies involved in operations related to the technology domain. PGTYX uses a blend strategy to invest in common stocks of companies. The fund primarily invests in securities of large- and mid-cap companies. Putnam Global Technology Y has five-year annualized returns of 22.9%.
PGTYX has an expense ratio of 1.03% as compared to the category average of 1.39%.
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3 Zacks Rank #1 Putnam Mutual Funds for Attractive Returns
Putnam Investments managed assets worth over $169 billion as of October 2017, of which $78 billion is allocated to more than 80 mutual funds, including both equity and fixed income funds. The company operates in North America, Europe and Asia with offices in Boston, London, Frankfurt, Tokyo, Sydney and Singapore.
After the introduction of its first 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 50 institutional strategies. At present, the Boston-based company has more than 200 investment professionals.
Below we share with you three top-rated 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 Putnam Investment funds.
Putnam Tax-Free High Yield A (PTHAX - Free Report) seeks high current income free from federal income tax. The majority of the fund’s assets are invested in bonds, the interest from which is exempt from federal income tax. It purchases securities rated investment grade as well as those of lower quality. Putnam Tax-Free High Yield A has five-year annualized returns of 4.2%.
Garrett Hamilton is one of the fund managers of PTHAX since 2016.
Putnam Convertible Income-Growth A (PCONX - Free Report) seeks current income and capital conservation and appreciation. PCONX invests the bulk of its assets in convertible securities, a significant portion of which is rated below investment grade. It focuses on large and mid-cap companies and securities with maturity of three years or more. Putnam Convertible Income-Growth A has five-year annualized returns of 9.8%.
As of September 2017, PCONX held 120 issues with 3.37% of its assets invested in Microchip Tech 144A Cv 1.625%
Putnam Global Technology Y (PGTYX - Free Report) seeks growth of capital over the long run. PGTYX invests a major portion of its assets in securities of companies involved in operations related to the technology domain. PGTYX uses a blend strategy to invest in common stocks of companies. The fund primarily invests in securities of large- and mid-cap companies. Putnam Global Technology Y has five-year annualized returns of 22.9%.
PGTYX has an expense ratio of 1.03% as compared to the category average of 1.39%.
To view the Zacks Rank and past performance of all Putnam Investment mutual funds, investors can click here to see the complete list of Putnam Investment funds.
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