Putnam Investments has over seventy five years of investment experience and offers investors 70 mutual funds across a range of asset classes and investment styles. With over $139 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 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 10.31%.
The Putnam mutual fund has an expense ratio of 1.00% compared to a category average of 1.23%.
Putnam High Yield A (PHIGX) seeks current income. The fund focusses on purchasing domestic bonds rated below investment grade. These securities must have maturity periods of at least three years. It also invests in derivatives. These include options, warrants and swaps which are utilized to reduce risk and enhance returns. This fund has a three year annualized return of 8.34%.
As of June 2013, this Putnam mutual fund held 702 issues, with 0.57% of its total assets invested in Caesars Oper Escrow 144A 9%.
Putnam Dynamic Asset Allocation: Conservative A (PACAX) invests 15% to 45% of its assets in equity securities and 55% to 85% in fixed-income securities. The fund rebalances its portfolio whenever required in order to improve its performance in keeping with its investment objectives. It may also invest in derivatives to manage risk or enhance returns. This fund has a three year annualized return of 6.89%.
James A. Fetch is the fund manager and has managed this Putnam mutual fund since 2008.
Putnam Global Health Care A (PHSTX) seeks capital growth. The fund invests a majority of its assets 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 16.48%.
The Putnam mutual fund has an expense ratio of 1.28% compared to a category average of 1.40%.
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%.
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.
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.
Read the analyst report on PVOYX
Read the analyst report on PHIGX
Read the analyst report on PACAX
Read the analyst report on PHSTX
Read the analyst report on PDINX
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