Manager commentary


Putnam Fixed Income

Q4 2020 Fixed Income Outlook:

Bond investors face Catch-22


Putnam Income Fund

Quarterly fund Q&A:

Prepayment risk boosts performance


Putnam Small Cap Growth Fund

Quarterly fund Q&A:

A strong quarter of performance as market rebound continues


Putnam Sustainable funds

Quarterly fund Q&A:

Sustainable strategies show resilience in pandemic


Putnam Equity Income Fund

Quarterly fund Q&A:

Cyclical stocks rebound, but uncertainties remain


Putnam Emerging Markets Equity Fund

Quarterly fund Q&A:

Emerging markets outperform, and fund exceeds benchmark


Putnam Growth Opportunities Fund

Quarterly fund Q&A:

Growth-stock rally continues as economic transition speeds up


Putnam Global Equity Fund

Q4 2020 Equity Outlook:

What would the end of the pandemic mean for the bull market?


Putnam Dynamic Asset Allocation funds

Quarterly fund Q&A:

Hazy market outlook as U.S. elections loom

Quarterly fund commentaries

Strong quarter for value stocks and a solid year for the fund

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Solid annual performance driven by active, fundamental research

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Technological shifts offer durable growth potential

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A strong 2020 for fund performance

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Markets pin hope on vaccines and stimulus

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High yield advances amid supportive risk environment

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A strong year for fund performance

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Directional gains helped mitigate non-directional weakness

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Convertibles surge on vaccine optimism and economic recovery

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Mortgage credit drives performance

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Bank loans rise with demand for yield

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Fund outperforms amid favorable risk backdrop

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Markets pin hope on vaccines and stimulus

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Multisector strategy shines amid favorable risk backdrop

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Bond markets divided on pace of recovery

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