With over seventy five years of investment experience, Putnam Investments offers investors 70 mutual funds across a range of asset classes and investment styles. The company has over $139 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 Global Natural Resources A (EBERX) seeks capital growth. The fund invests a large share of its assets 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. This fund has a three year annualized return of 6.58%.
The Putnam mutual fund has an expense ratio of 1.29% compared to a category average of 1.47%.
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 6.10%.
As of June 2013, this Putnam mutual fund held 1,372 issues, with 10.16% of its total assets invested in Fannie Mae Single Family TBA 3.5% 2043-07-01.
Putnam Global Health Care A (PHSTX) seeks capital growth. A majority of its assets are invested in common stocks of global mid-cap and large-cap companies which are operating in 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 19.21%.
Kelsey Chen is the fund manager and has managed this Putnam mutual fund since 2005.
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 9.10%.
The Putnam mutual fund has an expense ratio of 1.37% compared to a category average of 1.33%.
Putnam Small Cap Growth A (PNSAX) seeks capital appreciation. The fund invests heavily in domestic securities with an emphasis on growth oriented companies. It focuses on acquiring common stocks of small companies which are identical to those included in the Russell 2000 Growth Index. The fund has a three year annualized return of 19.07%
Pam Gao is the fund manager and has managed this Putnam mutual fund since 2010.
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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