Equity Income Fund
An active strategy for harnessing the potential of U.S. value stocks
This fund received a Overall Morningstar Rating™ out of 1,094 funds in the Large Value category as of 07/31/19.
Global expertise
Portfolio Manager Darren Jaroch manages U.S. and international portfolios, giving him broad investing insight. His knowledge of the landscape across global markets enhances his research of U.S. companies and dividend opportunities.
Multiple sources of insight
Darren combines his own analysis with ideas from analysts in Putnam's Equity Research organization and information from quantitative screening and risk-management tools.
A strategic dividend investor
"It's important to differentiate companies that can simply support a dividend from those that can grow that dividend," says Darren of his approach. He focuses on company cash flows, earnings quality, and capital allocation.
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I've always been patient and disciplined. And I think those traits have served me well as an investor.
Darren A. Jaroch, CFA
Portfolio Manager | Industry since 1996
23
years in the investment industry
20
years managing value portfolios at Putnam
35
analysts provide support for Darren's research and stock selection process
A multidimensional approach to value investing
A distinct feature of Putnam Equity Income Fund is Darren's multidimensional strategy. He targets a wider array of opportunities than many other equity income funds. In selecting stocks, he places extra emphasis on businesses that could enhance the fund's capital appreciation potential.
VALUE STOCKS | Attractively priced stocks of companies poised for improvement
DIVIDEND GROWERS | Stocks of companies that are willing and able to increase their dividends
CASH-FLOW GENERATORS | Stocks of companies with strong cash flows, earnings quality, and capital allocation strategies
From our equity investment professionals
What happened to value stocks?
Our views on the valuation spread, why investors don't want value, and which approaches may work best in the changing equity landscape.
Talking sustainability with CEOs
We have ongoing dialogue with the management teams of companies in which we invest, across a wide range of sustainability-related topics.
Are international stocks truly cheap?
On the surface, U.S. stocks appear more expensive than international stocks, but a quantitative comparison reveals the impact of sector valuations.