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PURYX Putnam Research Y

  • Fund
  • PURYX
  • Price as of: Nov 19, 2018
  • $33.64
  • - $0.61
  • - 1.78%
  • Category
  • Large Cap Blend Equities

PURYX - Profile

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 11.0%
  • 5 Yr Annualized Return 10.9%
  • Net Assets $304 M
  • Holdings in Top 10 24.8%

52 WEEK LOW AND HIGH

$33.64
$32.45
$36.98

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.86%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 97.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 11.0%
  • 5 Yr Annualized Total Return 10.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.69%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Putnam Research Fund
  • Fund Family Name Putnam
  • Inception Date Apr 04, 2000
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Walter Scully

Fund Description

The fund invests mainly in common stocks (growth or value stocks or both) of large U.S. companies that the managers believe have favorable investment potential. For example, the manager may purchase stocks of companies with stock prices that reflect a value lower than that which the managers place on the company. The manager may also consider other factors that the managers believe will cause the stock price to rise.

PURYX - Performance

Return Ranking - Trailing

Period PURYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.8% -92.6% 529.7% 29.74% 2
1 Yr 5.5% -51.7% 28.0% 45.97% 3
3 Yr 11.0% * -16.2% 16.5% 17.82% 1
5 Yr 10.9% * -5.9% 15.4% 22.12% 2
10 Yr 13.5% * 1.4% 20.9% 8.13% 1

* Annualized


Return Ranking - Calendar

Period PURYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 21.6% -37.7% 34.8% 3.11% 1
2016 9.1% -41.8% 186.3% 19.05% 1
2015 -2.8% -51.7% 38.1% 31.00% 2
2014 13.6% -31.3% 42.8% 9.00% 1
2013 31.9% -88.0% 41.8% 16.22% 1

Total Return Ranking - Trailing

Period PURYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.8% -100.0% 529.7% 29.89% 2
1 Yr 5.5% -52.5% 142.7% 39.34% 2
3 Yr 11.0% * -16.2% 57.6% 16.77% 1
5 Yr 10.9% * -5.9% 15.4% 20.73% 2
10 Yr 13.5% * 1.4% 20.9% 7.93% 1

* Annualized


Total Return Ranking - Calendar

Period PURYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 21.6% -36.6% 34.8% 3.12% 1
2016 9.1% -27.9% 190.6% 26.66% 2
2015 -1.5% -40.3% 100.1% 53.07% 3
2014 15.4% -24.8% 1119.1% 25.15% 2
2013 34.9% -93.4% 176.6% 68.19% 4

NAV & Total Return History

PURYX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

PURYX Category Low Category High PURYX % Rank Quintile
Net Assets 304 M 9.87 K 708 B 23.76% 4
Number of Holdings 160 1 3780 10.58% 2
Net Assets in Top 10 81.3 M -639 M 135 B 25.25% 4
Weighting of Top 10 24.8% 2.6% 577.0% 24.82% 4

Top 10 Holdings

  1. Apple Inc 3.28%
  2. Microsoft Corp 3.81%
  3. Facebook Inc A 1.76%
  4. Amazon.com Inc 3.31%
  5. Alphabet Inc A 3.24%
  6. The Home Depot Inc 1.73%
  7. Bank of America Corporation 2.24%
  8. Citigroup Inc 1.80%
  9. Visa Inc Class A 1.96%
  10. Coca-Cola Co 1.65%

Asset Allocation

Weighting Category Low Category High PURYX % Rank Quintile
Stocks
98.30% -2.43% 448.00% 10.34% 3
Cash
1.15% -172.01% 132.07% 18.49% 3
Other
0.42% -81.75% 100.00% 6.26% 1
Preferred Stocks
0.13% 0.00% 88.99% 2.81% 1
Convertible Bonds
0.00% 0.00% 2.94% 2.52% 2
Bonds
0.00% -348.48% 170.30% 7.47% 3

Stock Sector Breakdown

Weighting Category Low Category High PURYX % Rank Quintile
Technology
23.69% -50.38% 64.09% 5.34% 1
Financial Services
15.59% 0.00% 218.39% 17.09% 3
Healthcare
14.04% 0.00% 33.17% 14.92% 3
Consumer Cyclical
12.35% -0.06% 119.88% 11.10% 2
Industrials
9.32% 0.00% 38.25% 21.20% 4
Consumer Defense
7.04% 0.00% 53.68% 15.72% 3
Energy
6.21% -3.37% 174.20% 12.55% 2
Utilities
3.58% -1.65% 32.10% 5.12% 1
Communication Services
3.06% -0.78% 17.25% 11.32% 3
Basic Materials
3.02% -0.88% 109.49% 10.89% 2
Real Estate
0.40% -211.72% 11.80% 18.24% 4

Stock Geographic Breakdown

Weighting Category Low Category High PURYX % Rank Quintile
US
89.42% -2.43% 201.33% 21.87% 4
Non US
8.88% -1.33% 246.67% 8.20% 2

PURYX - Expenses

Operational Fees

PURYX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.86% 0.00% 303.36% 16.46% 2
Management Fee 0.56% 0.00% 2.25% 3.66% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.24% 0.00% 0.85% 1.71% 5

Sales Fees

PURYX Fees (% of AUM) Category Low Category High PURYX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

PURYX Fees (% of AUM) Category Low Category High PURYX Rank Quintile
Max Redemption Fee 1.00% 0.15% 2.00% 1.95% 1

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PURYX Fees (% of AUM) Category Low Category High PURYX Rank Quintile
Turnover 97.00% 0.00% 1754.00% 6.02% 5

PURYX - Distributions

Dividend Yield Analysis

PURYX Category Low Category High PURYX % Rank Quintile
Dividend Yield 0.0% 0.00% 14.60% 79.25% 5

Dividend Distribution Analysis

PURYX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PURYX Category Low Category High PURYX % Rank Quintile
Net Income Ratio 0.69% -1.94% 3.95% 13.29% 4

Capital Gain Distribution Analysis

PURYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PURYX - Managers

Walter Scully

Manager

Start Date

Jul 09, 2010

Tenure

8.32

Tenure Rank

5.8%

Mr. Scully is an Analyst in the Equity Research group, focusing on the U.S. consumer sector. He is responsible for conducting fundamental analysis and valuation of the companies in the consumer cyclicals industry, and making buy/sell recommendations. In addition, he is a PM of Putnam's global consumer and research strategies, and an assistant portfolio manager of Putnam's U.S. large-cap value strategies. Mr. Scully has been in the investment industry since he joined Putnam in 1996. Prior to joining Putnam, Mr. Scully was a Senior Accountant at PricewaterhouseCoopers from 1990 to 1994.


Neil Desai

Manager

Start Date

Jul 03, 2012

Tenure

6.33

Tenure Rank

7.3%

Mr. Desai is an Analyst in the Equity Research group, focusing on the Internet and business services sectors. He is responsible for conducting fundamental analysis and valuation of companies in these sectors, and making buy/sell recommendations. In addition, he is a portfolio manager of Putnam's research, technology, and TMT long/short strategies. Mr. Desai joined Putnam in 2012 and has been in the investment industry since 1997. Prior to joining Putnam, Mr. Desai was a Partner at Crosslink Capital from 2009 to 2012; an Analyst at Tudor Investment Corp/Raptor Capital Management from 2005 to 2009; a Senior Associate at Thoma Cressey Equity Partners, now Thoma Bravo, from 1999 to 2003; and an Analyst in the Global TMT Group, Merrill Lynch Investment Banking, from 1997 to 1999. Mr. Desai earned an M.B.A. from Harvard Business School and a B.A. in Economics from Duke University.


Aaron M. Cooper

Manager

Start Date

Jul 31, 2011

Tenure

7.26

Tenure Rank

6.5%

Mr. Cooper is Chief Investment Officer, Equities. He is responsible for leading Putnam’s Equity group, including the portfolio management, research, and trading areas. In addition, he is a portfolio manager with institutional responsibilities, including directing Putnam's research and global sector investment strategies. Mr. Cooper is also a member of Putnam's Operating Committee. He joined Putnam in 2011 and has been in the investment industry since 1999. Prior to joining Putnam, Mr. Cooper held several roles at Fidelity Investments including Managing Director of Research from 2007 to 2011, Analyst and Portfolio Manager from 2003 to 2007, Associate from 2000 to 2003, and Intern in 1999. Mr. Cooper earned an A.B. in Economics from Harvard University.


Kathryn Lakin

Manager

Start Date

Dec 31, 2014

Tenure

3.84

Tenure Rank

10.1%

Ms. Lakin is Co-Director of Equity Research. She is responsible for managing a team of analysts, associates, and interns covering multiple sectors. In addition, she is a portfolio manager of Putnam's small-cap core strategy. Ms. Lakin joined Putnam in 2012 and has been in the investment industry since 2008. Prior to joining Putnam, Ms. Lakin was an Equity Research Analyst from 2011 to 2012 and an Equity Research Associate from 2008 to 2011 at Fidelity Investments. Ms. Lakin earned an M.B.A. from Yale School of Management and a B.A. from Wellesley College.


Samuel Cox

Manager

Start Date

Nov 30, 2016

Tenure

1.92

Tenure Rank

12.3%

Mr. Cox is Co-Director of Equity Research. He is responsible for managing a team of analysts covering multiple sectors. In addition, Mr. Cox is a portfolio manager of Putnam's global health care, global sector, and research strategies. He joined Putnam in 2014 and has been in the investment industry since 2002. Previously at Putnam, Mr. Cox was an Analyst in the Equity Research group, covering the U.S. health-care sector. Prior to joining Putnam, Mr. Cox was a Research Analyst at Pyramis Global Advisors from 2010 to 2014, a Vice President and Analyst at Rock Creek Group from 2005 to 2008, and a Senior Consulting Associate at Cambridge Associates, LLC from 2002 to 2005. He earned an M.B.A. from Sloan School of Management at the Massachusetts Institute of Technology and a B.A. from the University of Pennsylvania.


Jacquelyne J. Cavanaugh

Manager

Start Date

Dec 31, 2014

Tenure

3.84

Tenure Rank

10.1%

Ms. Cavanaugh is a Portfolio Manager, specializing in global equities, and an Analyst in the Equity Research group, focusing on the global financials sector. She is responsible for conducting fundamental analysis and valuation of companies in the global investment banking, global brokerage, alternative asset management, and global insurance industries, and for making buy/sell recommendations. Ms. Cavanaugh joined Putnam in 2011 and has been in the investment industry since 1995. Prior to joining Putnam, Ms. Cavanaugh was a Leader of the Global Financials Team and a Senior Equity Analyst at Janus Capital Group from 2005 to 2011; a Vice President, Goldman Sachs Asset Management, at Goldman Sachs & Co. from 2003 to 2005; and a Financial Analyst, Investment Banking Division, Media/Entertainment Group, at Goldman Sachs & Co. from 1995 to 1998. In addition, she was an Associate in the Investment Banking Division, Media/Entertainment Group, at Donaldson, Lufkin & Jenrette from 2000 to 2002. Ms. Cavanaugh has an M.B.A. from Harvard Business School, where she earned high distinction as a Baker Scholar, and has a B.A. from Brown University.


Tenure Analysis

Category Low

0.0

Category High

83.0

Category Average

6.64

Category Mode

0.5