Top 5 Zacks #1 Ranked Putnam Funds - Best of Fund Family

By
A A A

Putnam Investments has over seventy five years of investment experience and offers investors 70 mutual funds across a range of asset classes and investment styles. With over $133 billion in assets under management, it serves several 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.

Putnam Diversified Income A (PDINX) seeks high current income. The fund invests 15% to 65% of its assets in domestic securities. It may also purchase securities generating high yield which may include debt instruments rated below investment grade. A minimum of 15% of its assets are invested in U.S. government instruments. The fund has a one year annualized return of 12.72%.

D. William Kohli is the fund manager and has managed this Putnam mutual fund since 1994.

Putnam Global Equity A (PEQUX) invests the majority of its assets in equity securities of companies across the world. The fund focuses on acquiring common stocks of large and mid-cap companies. The fund primarily invests in mature economies but may also invest in firms from emerging markets. It may also utilize derivatives to manage risk or enhance returns. This fund has a one year annualized return of 18.47%.

The Putnam mutual fund has an expense ratio of 1.35% compared to a category average of 1.36%.

Putnam High Yield Advantage A (PHYIX) seeks high current income. The fund invests primarily in bonds issued by domestic companies rated below investment grade. The maturity period of these securities must be three years or longer. It may also utilize derivatives to manage risk or enhance returns. This fund has a one year annualized return of 12.96%.

As of December 2012, this Putnam mutual fund held 713 issues, with 0.78% of its total assets invested in Intelsat Bermuda 11.5%.

Putnam International Equity A (POVSX) invests primarily in common stocks of large and mid-cap foreign companies with good investment potential. The fund may also invest in derivatives. It predominantly invests in mature markets but may also invest in emerging economies. The fund has a one year annualized return of 17.29%

Simon Davis is the fund manager and has managed this Putnam mutual fund since 2011.

Putnam International Capital Opportunities A (PNVAX) seeks capital growth over the long term. The fund invests primarily in common stocks of small and mid-cap foreign companies with good investment potential. It focuses on investing in mature markets, but may also invest in emerging economies. This fund has a one year annualized return of 16.12%.

The Putnam mutual fund has an expense ratio of 1.41% compared to a category average of 1.48%.

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.


View All Zacks #1 Ranked Mutual Funds

Get Your Free (PDINX): Fund Analysis Report

Get Your Free (PEQUX): Fund Analysis Report

Get Your Free (PHYIX): Fund Analysis Report

Get Your Free (PNVAX): Fund Analysis Report

Get Your Free (POVSX): Fund Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks


Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Cheap Ways to Sleep Better
Cheap Ways to Sleep Better          

Stocks

Referenced

Most Active by Volume

105,679,298
  • $16.13 ▼ 0.19%
43,130,824
  • $101.32 ▲ 0.74%
24,108,376
  • $59.80 ▲ 7.34%
22,524,427
  • $26.15 ▼ 1.06%
22,194,114
  • $24.65 ▼ 0.96%
21,835,360
  • $99.05 ▲ 0.15%
20,872,575
  • $34.94 ▼ 0.60%
20,561,803
    $74.57 unch
As of 8/22/2014, 04:02 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com