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AN EXCITING NEW CHAPTER

Putnam is now a Franklin Templeton company, as a result of an acquisition in
January 2024. We are excited to join Franklin Templeton, which shares our
client-focused culture and emphasis on delivering strong investment results.





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OUR WEBSITE IS CHANGING

Use the Quick Links above to find information that may have moved since our
transition to Franklin Templeton. At this time, there are no anticipated changes
to Putnam investment options, portfolio management teams, or account servicing.
That means no immediate changes to account numbers, website logins, or servicing
phone numbers. Our investors and clients will receive communications before any
future changes.


PUTNAM TOPS BARRON’S BEST FUND FAMILIES

Barron’s ranked Putnam #1 for 1- and 5-year performance and #5 for 10 years. The
report highlights our focus on stock picking and consistent performance.*
 

Read the Barron’s feature (PDF)


*Barron's list of Best Fund Families of 2023. Out of 49 firms (1 year), 47 firms
(5 year), 46 firms (10 year). Based on asset-weighted total returns.




PERFORMANCE FUELED BY EXPERIENCE

Putnam is a diversified equity-only asset manager serving investors worldwide.
Helping clients pursue their financial goals is our sole business. Our clients
benefit from Putnam’s deep history, decades of experience in changing markets,
and investment professionals with an extensive knowledge of industries and
sectors. With roots dating back to 1937, Putnam manages $77 billion in assets
under management as of December 31, 2023.


STOCK-DRIVEN, NOT STYLE-DRIVEN

We believe portfolios driven more by stock-specific exposures than by common
factor risks are better able to consistently generate alpha and help manage
downside risk across style regimes.


DIFFERENTIATED ALPHA

Our hybrid, fundamental research structure encourages debate and idea exchange
between sector and strategy specialists to deliver a unique, collaborative view
on stock opportunities.


RISK MANAGEMENT

Portfolio construction is as important as stock selection in our process. We
seek to amplify stock risk and minimize factor risk with the express goal of
delivering a smoother performance journey regardless of style regime.


CLIENT ALIGNMENT

Delivering repeatable investment excellence to our clients is at the center of
everything we do. The majority of portfolio manager and analyst compensation is
performance based, aligning our success with that of our clients.




EXPLORE OUR STRATEGIES

Putnam offers a range of equity portfolios that fall across size and styles, and
span global markets.

Learn more about our strategies



THE POWER BEHIND OUR PORTFOLIOS

As active investors, we believe our success depends on a highly capable and
diverse team of portfolio managers and analysts. Our distinctive research
culture emphasizes dialogue, debate, and collaboration. We have over 45
portfolio managers and analysts, based in Boston, London, and Singapore, with an
average of 18 years of experience.


A MESSAGE FROM OUR CIO

Shep Perkins, CFA, Chief Investment Officer, describes the key components of
Putnam’s active investment philosophy and process. Learn more about our team and
what differentiates the way we manage assets on behalf of our clients.

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This material is intended to be of general interest only and should not be
construed as individual investment advice or a recommendation or solicitation to
buy, sell or hold any security or to adopt any investment strategy. It does not
constitute legal or tax advice. This material may not be reproduced, distributed
or published without prior written permission from Franklin Templeton.

The views expressed are those of the investment manager and the comments,
opinions and analyses are rendered as at publication date and may change without
notice. The underlying assumptions and these views are subject to change based
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of the firm as a whole. The information provided in this material is not
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forecast on the economy, stock market, bond market or the economic trends of the
markets will be realized. The value of investments and the income from them can
go down as well as up and you may not get back the full amount that you
invested. Past performance is not necessarily indicative nor a guarantee of
future performance. All investments involve risks, including possible loss of
principal.

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be construed as a recommendation to purchase, hold or sell any securities, and
the information provided regarding such individual securities (if any) is not a
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Copyright © 2024 Putnam U.S. Holdings, LLC (doing business as Putnam
Investments). All rights reserved.






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