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PVSAX Putnam Capital Spectrum A

  • Fund
  • PVSAX
  • Price as of: Oct 17, 2018
  • $32.25
  • + $0.09
  • + 0.28%
  • Category
  • Mid Cap Blend Equities

PVSAX - Profile

Vitals

  • YTD Return -5.7%
  • 3 Yr Annualized Return 2.4%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $1.63 B
  • Holdings in Top 10 83.7%

52 WEEK LOW AND HIGH

$32.25
$31.05
$36.16

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.65%

SALES FEES

  • Front Load 5.75%
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 2.00%

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Mid Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--70% to 85% Equity

Distributions

  • YTD Total Return -5.7%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Putnam Capital Spectrum Fund
  • Fund Family Name Putnam
  • Inception Date May 18, 2009
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Jacquelyne J. Cavanaugh

PVSAX - Performance

Return Ranking - Trailing

Period PVSAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -5.7% -75.5% 38.8% 79.01% 5
1 Yr -5.2% -53.8% 59.4% 96.01% 5
3 Yr 2.4% * -3.4% 24.8% 96.15% 5
5 Yr 3.5% * -0.5% 14.9% 94.74% 5
10 Yr N/A * -2.2% 15.1% N/A N/A

* Annualized


Return Ranking - Calendar

Period PVSAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 4.3% -20.7% 25.7% 58.86% 4
2016 -1.3% -32.9% 40.3% 83.06% 5
2015 -13.9% -32.9% 20.0% 65.25% 4
2014 7.8% -42.4% 27.4% 16.83% 1
2013 32.9% -4.0% 57.3% 26.95% 2

Total Return Ranking - Trailing

Period PVSAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -5.7% -100.0% 38.8% 78.40% 5
1 Yr -10.7% -48.2% 55.4% 99.69% 5
3 Yr 0.4% * -3.4% 30.0% 99.04% 5
5 Yr 2.2% * -1.0% 14.9% 97.37% 5
10 Yr N/A * -2.2% 15.1% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period PVSAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 4.3% -20.7% 25.7% 58.86% 4
2016 -1.3% -15.1% 40.3% 86.32% 5
2015 -9.4% -23.9% 56.1% 79.34% 5
2014 13.3% -42.4% 208.7% 22.44% 2
2013 41.9% -4.5% 304.1% 57.80% 3

NAV & Total Return History

PVSAX - Holdings

Filings data as of: Jun 30, 2018

Concentration Analysis

PVSAX Category Low Category High PVSAX % Rank Quintile
Net Assets 1.63 B 1.41 M 103 B 9.51% 2
Number of Holdings 22 3 3316 28.83% 5
Net Assets in Top 10 1.64 B 618 K 7.27 B 1.84% 1
Weighting of Top 10 83.7% 2.9% 106.2% 1.53% 1

Top 10 Holdings

  1. DISH Network Corp Class A 21.20%
  2. Jazz Pharmaceuticals PLC 24.98%
  3. EchoStar Corp 19.46%
  4. Pioneer Natural Resources Co 3.64%
  5. W R Grace & Co 3.70%
  6. Front Yard Residential Corp 2.82%
  7. VanEck Vectors Gold Miners ETF 2.62%
  8. Uber Tech Inc P/P Cv Pfd 2.63%
  9. Staar Surgical Co 1.48%
  10. Altisource Portfolio Solutions SA 1.14%

Asset Allocation

Weighting Category Low Category High PVSAX % Rank Quintile
Stocks
81.74% 21.04% 106.23% 33.44% 5
Cash
12.25% -6.23% 62.75% 7.36% 1
Preferred Stocks
4.52% 0.00% 5.40% 0.61% 1
Bonds
1.48% 0.00% 37.22% 3.99% 1
Other
0.00% -11.19% 8.23% 7.98% 3
Convertible Bonds
0.00% 0.00% 1.96% 1.84% 2

Stock Sector Breakdown

Weighting Category Low Category High PVSAX % Rank Quintile
Healthcare
27.13% 0.00% 62.27% 1.23% 1
Communication Services
21.20% 0.00% 23.08% 0.61% 1
Technology
19.46% 1.07% 40.54% 6.13% 1
Basic Materials
6.32% -0.52% 18.03% 11.35% 2
Energy
3.64% -1.35% 19.65% 27.91% 4
Real Estate
2.82% -0.24% 15.39% 24.85% 4
Industrials
1.14% 0.00% 45.67% 40.18% 5
Consumer Cyclical
0.01% 0.00% 35.75% 39.57% 5
Utilities
0.00% -0.63% 19.38% 27.61% 5
Financial Services
0.00% 0.00% 49.65% 38.65% 5
Consumer Defense
0.00% -1.91% 22.24% 32.82% 5

Stock Geographic Breakdown

Weighting Category Low Category High PVSAX % Rank Quintile
US
79.52% 10.22% 106.23% 30.98% 4
Non US
2.22% 0.00% 48.37% 20.25% 3

Bond Sector Breakdown

Weighting Category Low Category High PVSAX % Rank Quintile
Cash & Equivalents
12.25% -6.23% 62.94% 6.46% 1
Corporate
6.01% 0.00% 16.39% 3.69% 1
Derivative
0.00% -1.62% 0.00% 0.31% 2
Securitized
0.00% 0.00% 0.39% 0.92% 2
Municipal
0.00% 0.00% 3.21% 0.62% 2
Government
0.00% 0.00% 29.22% 4.62% 3

Bond Geographic Breakdown

Weighting Category Low Category High PVSAX % Rank Quintile
US
1.48% 0.00% 37.22% 3.68% 1
Non US
0.00% 0.00% 5.25% 2.45% 2

PVSAX - Expenses

Operational Fees

PVSAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.65% 0.03% 16.03% 42.94% 1
Management Fee 0.22% 0.00% 2.00% 13.80% 1
12b-1 Fee 0.25% 0.00% 1.00% 4.93% 2
Administrative Fee N/A 0.01% 0.45% N/A N/A

Sales Fees

PVSAX Fees (% of AUM) Category Low Category High PVSAX Rank Quintile
Front Load 5.75% 0.00% 5.75% 2.04% 4
Deferred Load 1.00% 1.00% 5.00% 5.77% 2

Trading Fees

PVSAX Fees (% of AUM) Category Low Category High PVSAX Rank Quintile
Max Redemption Fee 1.00% 0.50% 2.00% 2.78% 3

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.

PVSAX Fees (% of AUM) Category Low Category High PVSAX Rank Quintile
Turnover 2.00% 2.00% 394.00% 28.53% 1

PVSAX - Distributions

Dividend Yield Analysis

PVSAX Category Low Category High PVSAX % Rank Quintile
Dividend Yield 0.0% 0.00% 4.51% 70.18% 5

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

PVSAX Category Low Category High PVSAX % Rank Quintile
Net Income Ratio 0.02% -4.72% 1.82% 37.12% 4

Capital Gain Distribution Analysis

PVSAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

PVSAX - Managers

Jacquelyne J. Cavanaugh

Manager

Start Date

Dec 31, 2017

Tenure

0.75

Tenure Rank

22.7%

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.


David L. Glancy

Manager

Start Date

May 18, 2009

Tenure

9.38

Tenure Rank

8.9%

Mr. Glancy is a Portfolio Manager in the Small- and Mid-Cap Equities Group. He also works with the High Yield Group. Mr. Glancy’s responsibilities include management and analysis of investment opportunities across various capital structures of leveraged companies, including equity, bonds, and bank debt. He joined Putnam in 2009 and has been in the investment industry since 1987.


Tenure Analysis

Category Low

0.0

Category High

39.8

Category Average

7.18

Category Mode

3.8