Back to top

Consider These 3 Putnam Mutual Funds

Read MoreHide Full Article

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 $170 billion under its management as of November 2018, of which mutual fund assets comprised $80 billion. The fund family allocated its assets in more than 100 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 peers in the future. Investors can click here to see the complete list of Putnam Investment funds.

George Putnam Balanced Y (PGEYX - Free Report) primarily invests in a combination of common stocks and bonds of major domestic companies. PGEYX seeks to maintain a balanced investment by offering growth of income and capital. George Putnam Balanced Y has a three-year annualized return of 7.8%.

PGEYX has an expense ratio of 0.74% as compared with the category average of 0.84%.  

Putnam Absolute Return 300 A (PTRNX - Free Report) seeks a high level of returns likely to beat the returns on U.S. Treasury bills by 3% or 300 points for a period of at least three years. PTRNX seeks consistent returns by maintaining a diversified portfolio, which reflects uncorrelated fixed-income strategies. Putnam Absolute Return 300 A has a three-year annualized return of 2.9%.

As of September 2018, PTRNX held 964 issues, with 5.24% of its assets invested in Federal National Mortgage Association 3.5%.

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, 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 a three-year annualized return of 3.3%.

Paul M. Drury is one of the fund managers of PTHAX since 2002.

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 >>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

George Putnam Balanced Fund Y (PGEYX) - free report >>

PUTNAM ABSOLUTE RET 300 FD (PTRNX) - free report >>

Putnam Tax-Free High Yield A (PTHAX) - free report >>

More from Zacks Mutual Fund Commentary

You May Like

Published in