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 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.
Putnam Dynamic Asset Allocation Conservative R PACRX aims for total return that is on par with capital preservation. The fund invests 15%-45% in equities and 55%-85% in fixed income securities. The fund primarily invests in fixed income investments that comprise U.S. and non-U.S. government obligations and securitized debt instruments. PACRX has three and five-year annualized returns of 5.1% and 3.8% respectively.
PACRX has an expense ratio of 1.24% compared with the category average of 1.38%.
Putnam Sustainable Future A PMVAX seeks long-term capital growth by investing in common stocks of U.S. companies that vary in size. The fund mainly focuses on companies whose services and products the fund’s Advisor believes contribute to sustainable economic, environmental and social development. The fund has three and five-year annualized returns of 12.1% and 6.8% respectively.
As of December 2018, PMVAX held 57 issues, with 4.42% of its assets invested in Salesforce.com Inc (NYSE:CRM).
Putnam Sustainable Leaders A PNOPX aims for long-term capital growth. The fund primarily invests in common stocks of American companies of any size. The Advisor mostly focuses on companies that have commitment toward sustainable business practices. PNOPX has three and five-year annualized returns of 19.5% and 11.2%, respectively.
Katherine Collins is one of the fund managers of PNOPX since 2018.
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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Zacks Investment Research