Value equities

An active strategy for harnessing the potential of U.S. value stocks

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 for Putnam Equity Income Fund.

Multiple sources of insight

In managing the fund, Darren combines his own analysis with research and ideas from analysts in Putnam's Equity Research organization as well as 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, which focuses on company cash flows, earnings quality, and capital allocation.

Putnam Equity Income Fund PEIYX

Analyze the fund's performance in FundVisualizer, including its risk-adjusted returns versus its benchmark.

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

22

years in the investment industry

19

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 — in which 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 that are 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

Value Investing Value Investing

From our equity investment professionals

Seeking opportunity in uncertainty

Seeking opportunity in uncertainty

Despite risks of inflation and trade conflicts, opportunities exist for equity investors worldwide.

Equity Outlook  |  Q4 2018

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China, U.S. trade tensions will reverberate across emerging markets

Emerging market equities will remain under pressure amid escalating trade tensions between China and the U.S.

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