Putnam Investments has over seventy five years of investment experience and offers investors 80 mutual funds across a range of asset classes and investment styles. With over $137 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 Global Health Care A (PHSTX) invests primarily in common stocks of global mid-cap and large-cap companies which are involved with the health-care sector. The companies can also be those involved in developing or manufacturing pharmaceuticals and biotechnology products. This non-diversified fund has a three year annualized return of 11.92%.
The Putnam mutual fund has an expense ratio of 1.28% compared to a category average of 1.46%.
Putnam Income A (PINCX) seeks high income along with a reasonable level of risk. Investments are mainly made in bonds including the ones issued by global companies and the government in U.S. dollars. The minimum maturity period of the portfolio is 3 years. The fund also invests in derivatives in order to manage risk or enhance returns. This fund has a three year annualized return of 7.28%.
As of December 2012, this Putnam mutual fund held 710 issues, with 14.83% of its total assets invested in Fannie Mae Single Family TBA 3% 2043-05-01.
Putnam Equity Income A (PEYAX) invests in mid-cap or large-cap U.S. companies to attain growth in capital or current income. Investments are also parked in companies which are believed to be undervalued. Parameters such as financial competency, competition and valuation are taken into account before making decisions. This fund has a three year annualized return of 12.40%.
Darren A. Jaroch is the fund manager and has managed this Putnam mutual fund since 2012.
Putnam International Capital Opportunities A (PNVAX) seeks capital growth on a long-term basis. Investments are made in small-cap and mid-cap common stocks issued by foreign companies. Investments are usually made in developed countries but the fund may invest in emerging nations. The fund also invests in derivatives in order to manage risk or enhance returns. The fund has a three year annualized return of 5.70%
The Putnam mutual fund has an expense ratio of 1.41% compared to a category average of 1.36%.
Putnam Capital Opportunities A (PCOAX) invests in domestic small-cap and mid-cap common stocks. Factors such as growth potential, financial competency and valuation are taken into account before making investment decisions. The fund has a three year annualized return of 10.75%.
D. Joseph Joseph is the fund manager and has managed this Putnam mutual fund since 1999.
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.
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