Top 5 Putnam Mutual Funds
Putnam Investments has over seventy years of investment experience and offers investors 82 mutual funds across a range of asset classes and investment styles. With over $117 billion in assets under management, it serves 110 institutional clients including the pension funds of several states and many large corporations. Putnam considers its seasoned portfolio managers to be its biggest 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, then click here.
Putnam International Equity A (NASDAQ:POVSX - News) seeks capital growth. The fund invests primarily in common stocks of large and mid-cap foreign companies with good prospects. It focuses on investing in mature economies but may also invest in emerging markets. It may also utilize derivatives to manage risk or enhance returns. This fund has a three year annualized return of 8.3%.
Simon Davis is the fund manager and he has managed this Putnam mutual fund since 2011.
Putnam Dynamic Asset Allocation: Conservative A (NASDAQ:PACAX - News) 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. The fund returned 2.77% over the last one year period.
As of September 2011, this Putnam mutual fund held 2161 issues, with 20.50% of its total assets invested in Putnam Money Market Liquidity.
Putnam CA Tax Exempt Income A (PCTEX) seeks current income which is not subject to federal income tax and California personal income tax while aiming to preserve capital invested. At least 90% of the income distributed by the fund is exempt from these taxes. This fund has a five year annualized return of 3.26%.
The Putnam mutual fund has a minimum initial investment of $500 and an expense ratio of 0.75% compared to a category average of 0.94%.
Putnam Global Natural Resources A (NASDAQ:EBERX - News) invests heavily 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 ten year annualized return of 9.94%.
The Fund Manager is Steven Curbow and he has managed this Putnam mutual fund since 2008.
Putnam Tax-Free High Yield A (NASDAQ:PTHAX - News) seeks high current income free from federal income tax. The majority of the fund’s assets are invested in bonds interest from which is exempt from federal income tax. It purchases securities rated investment grade as well as those of lower quality. The fund returned 6.33% in the last one year period.
The Putnam mutual fund has a minimum initial investment of $500 and an expense ratio of 0.80% compared to a category average of 1.00%.
To view the Zacks Rank and past performance of all Putnam mutual funds, then click here.
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