We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
3 Top-Ranked Putnam Mutual Funds for Alluring Returns
Read MoreHide Full Article
Since its first fund in 1937, Putnam Investments has gradually evolved as one of the most renowned financial investment companies in the world. Putnam had assets of $169 billion under its management as of March 2018, of which mutual fund assets comprised $77 billion. The fund family allocated its assets in more than 70 mutual funds including both equity and fixed income funds.
The company has over 180 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.
Putnam Tax-Free High Yield Y (PTFYX - Free Report) invests primarily in bonds that offer federal income tax exempted interest. PTFYX seeks growth of income from investment-grade and below-investment-grade securities, which have maturities of three years and more. Putnam Tax-Free High Yield Y has three-year annualized returns of 3.9%.
Garrett Hamilton has been one of the fund managers of PTFYX since 2016.
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 three-year annualized returns of 3.6%.
PTHAX has an expense ratio of 0.83% compared with the category average of 0.96%.
Putnam Absolute Return 700 A seeks returns that will be higher than the annualized returns of U.S. Treasury bills by 7% or 700 basis points. This fund attains its investment objective by combining a beta strategy with an alpha strategy. Putnam Absolute Return 700 A has three-year annualized returns of 1.6%.
As of December 2017, PDMAX held 810 issues, with 5.37% of its assets invested in FNMA.
Image: Bigstock
3 Top-Ranked Putnam Mutual Funds for Alluring Returns
Since its first fund in 1937, Putnam Investments has gradually evolved as one of the most renowned financial investment companies in the world. Putnam had assets of $169 billion under its management as of March 2018, of which mutual fund assets comprised $77 billion. The fund family allocated its assets in more than 70 mutual funds including both equity and fixed income funds.
The company has over 180 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 Putnam Investment funds.
Putnam Tax-Free High Yield Y (PTFYX - Free Report) invests primarily in bonds that offer federal income tax exempted interest. PTFYX seeks growth of income from investment-grade and below-investment-grade securities, which have maturities of three years and more. Putnam Tax-Free High Yield Y has three-year annualized returns of 3.9%.
Garrett Hamilton has been one of the fund managers of PTFYX since 2016.
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 three-year annualized returns of 3.6%.
PTHAX has an expense ratio of 0.83% compared with the category average of 0.96%.
Putnam Absolute Return 700 A seeks returns that will be higher than the annualized returns of U.S. Treasury bills by 7% or 700 basis points. This fund attains its investment objective by combining a beta strategy with an alpha strategy. Putnam Absolute Return 700 A has three-year annualized returns of 1.6%.
As of December 2017, PDMAX held 810 issues, with 5.37% of its assets invested in FNMA.
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.
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 >>