Top 5 Putnam Mutual Funds - Best of Fund Family
Benzinga 15 years ago
Putnam Investments has over seventy years of investment experience and offers investors 79 mutual funds across a range of asset classes and investment styles. With over $118 billion in assets under management, it serves 107 institutional clients including the pension funds of several states and many large corporations. Putnam considers its seasoned team of 144 investment professionals 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 Fund for Growth & Income A (PGRWX) seeks current income and capital appreciation. The fund invests heavily in domestic common stocks and seeks to acquire value stocks. It primarily invests in large cap firms and may purchase foreign securities. It may also invest in preferred and convertible securities and corporate debt. The fund returned 7.68% in the last one year period.
Robert D. Ewing is the fund manager and has managed this Putnam mutual fund since 2008.
Putnam Diversified Income A (PDINX) invests between 15 to 65% of its assets in investment grade and lower rated bonds issued by U.S companies, U.S government securities and bonds issued by foreign governments and corporations. The fund has a ten year annualized return of 7.1%.
The Putnam mutual fund has a minimum initial investment of $500 and an expense ratio of 1.01% compared to a category average of 1.13%.
George Putnam Balanced A (PGEOX) seeks both capital appreciation and a steady income flow from a diversified portfolio of both stocks and bonds. It concentrates on investing in large and mid-cap companies and focuses on bonds with a minimum maturity period of three years. The fund returned 7.46% over the last one year period.
Raman Srivastava is the fund manager and has managed this Putnam mutual fund since 2004.
Putnam Global Income A (PGGIX) invests mainly in investment-grade debt, with an emphasis on bonds with a minimum maturity period of three years. It is non-diversified and seeks current income, with capital preservations and total return as secondary objectives. Securitized debt instruments and debt securities issued by companies and governments across the globe constitute its major investments. The fund has a five year annualized return of 9.29%.
As of September 2010, this Putnam mutual fund held 766 issues, with 13.15% of its total assets invested in FNMA.
Putnam Tax-Free High Yield A (PTHAX) 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 7.99% in the last one year period.
The Putnam mutual fund has a minimum initial investment of $500 and an expense ratio of 0.83% compared to a category average of 1.05%.
To view the Zacks Rank and past performance of all Putnam funds, then click here.
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