Putnam Investments has over seventy years of investment
experience and offers investors 82 mutual funds across a range of
asset classes and investment styles. With over $124 billion in
assets under management, it serves 110 institutional clients
including the pension funds of several states and many large
corporations. Putnam considers its seasoned team of investment
professionals to be its biggest asset and relies primarily on
original, fundamental research on a global scale.
Below we will share with you 5 top rated Putnam funds. Each has
earned a
Zacks #1
Rank
(Strong Buy) as we expect the fund to outperform its peers in the
future. To view the Zacks Rank and past performance of all
Putnam funds, investors can
click here to see the complete list of funds
.
George Putnam Balanced A
(
PGEOX
) seeks both capital appreciation and a steady income flow from a
diversified portfolio of both stocks and bonds. The fund
concentrates on investing in large and mid-cap companies and
focuses on bonds with a minimum maturity period of three years. The
fund has a three year annualized return of 16.42%
David H. Calabro is the fund manager and has managed this Putnam
mutual fund since 2008.
Putnam Global Utilities A
(
PUGIX
) invests primarily in utility companies across the world. The fund
concentrates on acquiring stocks of large and mid-sized firms, but
may also consider investing in smaller companies. It seeks both
capital appreciation and current income. The fund has a three year
annualized return of 8.51%
As of December 2011, this Putnam mutual fund held 89 issues,
with 5.62% of its total assets invested in Ameren Corp.
Putnam Tax-Free High Yield A
(
PTHAX
) 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. The fund
has a three year annualized return of 14.02%
The Putnam mutual fund has a minimum initial investment of $500
and an expense ratio of 0.80% compared to a category average of
1.02%.
Putnam Multi-Cap Growth A
(
PNOPX
) invests primarily in growth oriented domestic companies whose
earnings are projected to increase in the future. The fund focuses
on acquiring common stocks and invests in companies regardless of
their size. The fund has a three year annualized return of
22.76%
Robert Brookby is the fund manager and has managed this Putnam
mutual fund since 2010.
Putnam Small Cap Growth A
(
PNSAX
) seeks capital appreciation. The fund invests heavily in domestic
securities with an emphasis on growth oriented companies. It
focuses on acquiring common stocks of small companies which are
identical to those included in the Russell 2000 Growth Index. The
fund has a three year annualized return of 27.11%
The Putnam mutual fund has a minimum initial investment of $500
and an expense ratio of 1.32% compared to a category average of
1.47%.
To view the Zacks Rank and past performance of all Putnam mutual
funds, investors can
click here to see the complete list of funds
.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find
funds that not only outpaced the market in the past but are also
expected to outperform going forward. Learn more about the Zacks
Mutual Fund Rank at
http://www.zacks.com/funds
.
View All Zacks #1 Ranked Mutual Funds
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