Putnam Investments managed assets worth $198 billion as of the end of May 2021, with $97 billion allocated to more than 100 mutual funds. The company operates in North America, Europe and Asia through offices in Boston, London, Sydney, Frankfurt, Singapore and Tokyo.
After the introduction of its fund in 1937, Putnam Investments gradually evolved as one of the most renowned global financial investment companies. It provides a wide range of financial services, including 60 institutional strategies. At present, this Boston-based company has more than 170 investment professionals.
Below we share with you three top-ranked Putnam mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
Putnam Income Fund Class R5 PINFX aims for high current income consistent with prudent risk. The fund mostly invests in bonds that are securitized debt instruments (such as mortgage-backed investments) and other instruments of companies and governments worldwide denominated in U.S. dollars. PINFX carries a Zacks Mutual Fund Rank #1 and has three-year annualized returns of 5.6%.
PINFX has an expense ratio of 0.45% compared with the category average of 0.76%.
Putnam Short Duration Bond Fund Class Y PARYX seeks as high a rate of current income as the fund’s management believes would be consistent with preservation of capital. The fund invests in a diversified portfolio of fixed income securities. PARYX carries a Zacks Mutual Fund Rank #1 and has three-year annualized returns of 3.3%.
As of May 2021, PARYX held 609 issues with 1% of its assets invested in AT&T Inc 4.12%.
Putnam Emerging Markets Equity Fund Class Y PEMYX aims for long-term capital appreciation. The fund invests the majority of assets in common stocks of emerging market companies that the fund manager believes have favorable investment potential. PEMYX s carries a Zacks Mutual Fund Rank #2 and has three-year annualized returns of 13.1%.
Brian S. Freiwald is the fund manager of PEMYX since 2019.
To view the Zacks Rank and past performance of all Putnam Investment mutual funds, investors can click here to see the complete list of funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>