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 $134 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 International Capital Opportunities A (PNVAX) seeks capital growth over the long term. The fund invests primarily in common stocks of small and mid-cap foreign companies with good investment potential. It focuses on investing in mature markets, but may also invest in emerging economies. This fund has a one year annualized return of 19.27%.
The Putnam mutual fund has an expense ratio of 1.41% compared to a category average of 1.36%.
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 7.76%.
As of March 2013, this Putnam mutual fund held 1,878 issues, with 7.66% of its total assets invested in Fannie Mae Single Family TBA 5% 2043-04-01.
Putnam Diversified Income A (PDINX) seeks high current income. The fund invests a large portion of its assets in bonds and obligations issued by companies and worldwide governments. It may invest in both investment grade and junk bonds. Usually the tenure of the fund’s portfolio is more than three years. The fund has a one year annualized return of 11.46%.
D. William Kohli is the fund manager and has managed this Putnam mutual fund since 1994.
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 8.55%.
The Putnam mutual fund has an expense ratio of 1.29% compared to a category average of 1.49%.
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 11.42%.
Darren A. Jaroch 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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