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3 Putnam Mutual Funds Worth Considering

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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 $182 billion under its management as of Dec 31 2019, of which mutual fund assets comprised $90 billion. The fund family allocated its assets in more than 90 mutual funds, including equity and fixed income funds.

The company has over 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 peers in the future. Investors can click here to see the complete list of funds.

Putnam Equity Spectrum Fund Class A  aims for capital appreciation. The fund invests the majority of its assets in equity securities of companies of any size, which comprise both growth and value stocks. PYSAX is a no-diversified fund and has three-year annualized returns of 2.5%.

Jacquelyne J. Cavanaugh has been the fund manager of PYSAX since 2017.

Putnam Diversified Income Trust Class A (PDINX - Free Report) aims for a high current income, consistent with capital preservation. The fund mostly invests in bonds and other obligations of companies and governments globally. These bonds could be either investment-grade or below-investment-grade in quality and may have intermediate- to long-term maturities. PDINX has three-year annualized returns of 5.7%.

PDINX has an expense ratio of 0.98% as compared with the category average of 1.18%.

Putnam Fixed Income Absolute Return Fund Class A(PTRNX - Free Report) aims for positive total return. The fund invests the majority of its assets in fixed-income securities. It invests in a broadly diversified portfolio which reflects uncorrelated fixed-income strategies that are designed to take advantage of market inefficiencies across markets worldwide and fixed-income sectors. PTRNX has three-year annualized returns of 4.9%.

As of November 2019, PTRNX held 1,008 issues, with 9.8% of its assets invested in Federal National Mortgage Association 3.5%

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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