4 Putnam Mutual Funds to Grab Now
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 $173 billion under its management as of April 2019, 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 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 Putnam Investment funds.
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-year annualized returns of 20.1%.
Katherine Collins is one of the fund managers of PNOPX since 2018.
Putnam Sustainable Future Y PMVYX seeks capital growth by mostly investing in common stocks of U.S. companies. The fund specifically focuses on companies whose products and services offer solutions that contribute toward environmental, social and economic development. PMVYX has three-year annualized returns of 11%.
PMVYX has an expense ratio of 0.82% as compared with the category average of 1.09%.
George Putnam Balanced Fund Class Y PGEYX aims to offer a balanced investment that consists of a diversified portfolio of stocks and bonds in order to generate capital appreciation and current income. The fund mostly invests in common stocks of large U.S. companies and bonds, with a focus on common stocks. PGEYX has three-year annualized returns of 10.8%.
As of March 2019, PGEYX held 567 issues, with 2.54% of its assets invested in Microsoft Corp.
George Putnam Balanced R5 PGELX aims to offer a balanced investment that comprises a diversified portfolio of bonds and stocks that provide both current income and capital appreciation. The fund mostly invests in a combination of common stocks of large American companies and bonds. PGELX has three-year annualized returns of 10.69%.
Paul D. Scanlon is one of the fund managers of PGELX since 2014.
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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