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3 Top Putnam Mutual Funds to Buy Today

Zacks Equity Research
Though markets rallied probably on the undervalued status and a still-steady US economy, rising recessionary fears and full-scale trade war risks should brighten the appeal of safer ETFs.

Putnam Investments managed assets worth more than $169 billion as of October 2018, of which $79 billion is allocated to more than 100 mutual funds, including equity and fixed income. The company operates in North America, Europe and Asia through offices in Boston, London, Sydney, Frankfurt, Singapore and Tokyo.

After the introduction of its fund in 1937, Putnam Investments gradually evolved as one of the most-renowned global financial investment companies. It provides a wide range of financial services, including 60 institutional strategies. At present, the Boston-based company has more than 180 investment professionals.

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 its peers in the future. Investors can click here to see the complete list of funds.

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 and five-year annualized returns of 9.8% and 7.4%, respectively.

PGEYX has an expense ratio of 0.74% as compared with the category average of 0.82%.  

Putnam Small-Cap Growth Fund Class Y PSYGX aims for capital growth. The fund primarily invests in common stocks of small American companies, which focus primarily on growth stocks. The fund invests the majority of its net assets in securities of companies that have a size similar to those included on the Russell 2000 Growth Index. PSYGX has three and five-year annualized returns of 17.9% and 8.9%, respectively.

As of December 2018, PSYGX held 79 issues, with 3.51% of its assets invested in Five Below Inc.

Putnam Sustainable Future Fund Class A PMVAX seeks capital growth over a long period of time. The fund primarily invests in common stocks of U.S. companies of all sizes. The fund focuses on companies that its advisor believes emphasize factors such as environmental sustenance, economic and social development etc. PMVAX has three and five-year annualized returns of 10.1% and 7%, respectively.

Katherine Collins is one of the fund managers of PMVAX since 2018.

To view the Zacks Rank and past performance of all Putnam Investment mutual funds, investors can click here to see the complete list of funds.

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