Video viewpoints

How ESG strategies build on core research

Katherine Collins describes sustainable investing at Putnam

Putnam Sustainable Leaders Fund
Morningstar Rating
Overall rating out of 1251 Large Growth funds
Put tech valuations in perspective

Neal Desai compares today with past periods of overvaluation

Putnam Global Technology Fund
Morningstar Rating
Overall rating out of 180 Technology funds
How macro inputs inform our fundamental process

Darren Jaroch explains the integrated research behind the portfolio

Putnam Equity Income Fund
Morningstar Rating
Overall rating out of 1109 Large Value funds
How interest-rate risk dominates indexes

D. William Kohli discusses income investing beyond indexes

Putnam Diversified Income Trust
Morningstar Rating
Overall rating out of 288 Nontraditional Bond funds
Why the MSCI EM Index is outdated

Daniel Graña explains his active, all-cap style in emerging markets

Putnam Emerging Markets Equity Fund
Morningstar Rating
Overall rating out of 695 Diversified Emerging Mkts funds

The Morningstar Rating for funds, or "star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effects of sales charges and loads.