With over seventy years of investment experience, Putnam Investments offers investors 80 mutual funds across a range of asset classes and investment styles. The company has over $121 billion in assets under management and serves 111 institutional clients including the pension funds of several states and many large corporations. Putnam believes that its team of seasoned portfolio managers is one of its greatest assets 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, then click here.
Putnam International Growth A (NASDAQ:PINOX - News) seeks capital growth over the long term. The fund invests primarily in common stocks of growth oriented foreign companies. It invests in companies regardless of their size and may purchase securities issued from both mature and emerging economies. This fund has a three year annualized return of 11.68%.
Jeffrey Sacknowitz is the fund manager and he has managed this Putnam mutual fund since 2008.
Putnam MA Tax Exempt Income A (NASDAQ:PXMAX - News) invests the majority of its assets in bonds whose interest payments are not subject to Masachussets personal income tax or federal income tax. These securities must possess investment grade ratings and have medium to long term maturity periods. This fund has a ten year annualized return of 4.83%.
The Putnam mutual fund has an expense ratio of 0.77% compared to a category average of 1.05%.
Putnam Capital Opportunities A (NASDAQ:PCOAX - News) seeks long term capital appreciation. The fund invests the majority of its assets in common stocks of small and mid-cap domestic firms with good prospects. The fund managers take into account a company’s financial strength and growth potential among other factors while selecting firms for investment purposes. The fund returned 5.59% over the last one year period.
As of September 2011, this Putnam mutual fund held 290 issues, with 1.64% of its total assets invested in Actuant Corp A.
Putnam International Value A (PNGAX) invests primarily in common stocks of foreign companies. The fund focuses on acquiring stocks which are attractively priced relative to their intrinsic value. It invests in companies regardless of their size and may purchase securities issued from both mature and emerging economies. This fund has a three year annualized return of 7.37%.
Darren A. Jaroch is the fund manager and he has managed this Putnam mutual fund since 2010.
Putnam Global Natural Resources A (EBERX) seeks capital growth. The fund invests heavily in domestic and foreign common stocks issued by energy and natural resources companies. The fund focuses on acquiring value stocks issued by mid-cap and large-cap firms, but may invest in smaller companies. The fund returned 3.03% over the last one year period.
The Putnam mutual fund has a minimum initial investment of $500 and an expense ratio of 1.26% compared to a category average of 1.51%.
To view the Zacks Rank and past performance of all Putnam mutual funds, then click here.
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