With over seventy five years of investment experience, Putnam Investments offers investors 80 mutual funds across a range of asset classes and investment styles. The company has over $148 billion in assets under management and serves several 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, investors can click here to see the complete list of funds.
Putnam Multi-Cap Value A (PMVAX) invests primarily in common stocks of domestic companies. The fund invests in companies regardless of their sizes. The fund focuses on stocks which, in its adviser’s opinion, are attractively priced relative to their underlying value. This fund has a three year annualized return of 16.39%.
The Putnam mutual fund has a minimum initial investment of $500 and an expense ratio of 1.15% compared to a category average of 1.28%.
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 5.66%.
As of September 2013, this Putnam mutual fund held 693 issues, with 4.71% of its total assets invested in FNMA 4%.
Putnam Voyager A (PVOYX) invests a large share of its assets in large and mid-cap domestic companies. The fund focusses on growth oriented companies and takes into account various factors while adding a stock to its portfolio. These include the company’s financials, valuation and competitiveness. This fund has a three year annualized return of 9.92%.
Nick Thakore is the fund manager and has managed this Putnam mutual fund since 2008.
Putnam American Government Income A (PAGVX) seeks high current income with preservation of capital as a secondary objective. The majority of its assets are invested in U.S. government securities and a smaller share in asset-backed securities of private issuers. The has a three year annualized return of 2.25%.
The Putnam mutual fund has an expense ratio of 0.87% compared to a category average of 0.93%.
Putnam Diversified Income A (PDINX) invests primarily in bonds which are secularized debt instruments, for example mortgage backed securities. The fund may also purchase securities issued by firms and governments across the world. It may purchase securities rated investment grade as well as junk bonds. The fund has a three year annualized return of 5.22%.
D. William Kohli is the fund manager and has managed this Putnam mutual fund since 1994.
To view the Zacks Rank and past performance of all Putnam mutual funds, investors can click here to see the complete list of funds.
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