Always Active

Putnam funds are managed by people who add life to investing­ — pursuing income, uncovering growth, navigating markets, and producing performance.

Explore our active strategies that add life to investing.

Equity
Sustainable
Asset allocation
Income

Our Active Funds

25 Putnam funds have earned
and
Morningstar Ratings™ as of 04/30/20
Equity
Sustainable
Asset allocation
Income
California Tax Exempt Income Fund (PCIYX)
This fund received a
Overall Morningstar Rating™ out of 99 funds in the Muni California Long category as of 04/30/20 See fund details
Diversified Income Trust (PDVYX)
This fund received a
Overall Morningstar Rating™ out of 286 funds in the Nontraditional Bond category as of 04/30/20 See fund details
Dynamic Asset Allocation Balanced Fund (PABYX)
This fund received a
Overall Morningstar Rating™ out of 643 funds in the Allocation--50% to 70% Equity category as of 04/30/20 See fund details
Dynamic Asset Allocation Conservative Fund (PACYX)
This fund received a
Overall Morningstar Rating™ out of 512 funds in the Allocation--30% to 50% Equity category as of 04/30/20 See fund details
Dynamic Asset Allocation Growth Fund (PAGYX)
This fund received a
Overall Morningstar Rating™ out of 309 funds in the Allocation--70% to 85% Equity category as of 04/30/20 See fund details
Emerging Markets Equity Fund (PEMYX)
This fund received a
Overall Morningstar Rating™ out of 704 funds in the Diversified Emerging Mkts category as of 04/30/20 See fund details
Equity Income Fund (PEIYX)
This fund received a
Overall Morningstar Rating™ out of 1,104 funds in the Large Value category as of 04/30/20 See fund details
Fixed Income Absolute Return Fund (PYTRX)
This fund received a
Overall Morningstar Rating™ out of 286 funds in the Nontraditional Bond category as of 04/30/20 See fund details
Floating Rate Income Fund (PFRYX)
This fund received a
Overall Morningstar Rating™ out of 225 funds in the Bank Loan category as of 04/30/20 See fund details
George Putnam Balanced Fund (PGEYX)
This fund received a
Overall Morningstar Rating™ out of 643 funds in the Allocation--50% to 70% Equity category as of 04/30/20 See fund details
Global Income Trust (PGGYX)
This fund received a
Overall Morningstar Rating™ out of 188 funds in the World Bond category as of 04/30/20 See fund details
Global Technology Fund (PGTYX)
This fund received a
Overall Morningstar Rating™ out of 199 funds in the Technology category as of 04/30/20 See fund details
Growth Opportunities Fund (PGOYX)
This fund received a
Overall Morningstar Rating™ out of 1,237 funds in the Large Growth category as of 04/30/20 See fund details
High Yield Fund (PHAYX)
This fund received a
Overall Morningstar Rating™ out of 631 funds in the High Yield Bond category as of 04/30/20 See fund details
Income Fund (PNCYX)
This fund received a
Overall Morningstar Rating™ out of 533 funds in the Intermediate Core-Plus Bond category as of 04/30/20 See fund details
International Equity Fund (POVYX)
This fund received a
Overall Morningstar Rating™ out of 641 funds in the Foreign Large Blend category as of 04/30/20 See fund details
Massachusetts Tax Exempt Income Fund (PMAYX)
This fund received a
Overall Morningstar Rating™ out of 42 funds in the Muni Massachusetts category as of 04/30/20 See fund details
Minnesota Tax Exempt Income Fund (PMNYX)
This fund received a
Overall Morningstar Rating™ out of 43 funds in the Muni Minnesota category as of 04/30/20 See fund details
Research Fund (PURYX)
This fund received a
Overall Morningstar Rating™ out of 1,231 funds in the Large Blend category as of 04/30/20 See fund details
RetirementReady 2045 Fund (PRVYX)
This fund received a
Overall Morningstar Rating™ out of 197 funds in the Target-Date 2045 category as of 04/30/20 See fund details
RetirementReady 2050 Fund (PRRUX)
This fund received a
Overall Morningstar Rating™ out of 210 funds in the Target-Date 2050 category as of 04/30/20 See fund details
Short Duration Bond Fund (PARYX)
This fund received a
Overall Morningstar Rating™ out of 512 funds in the Short-Term Bond category as of 04/30/20 See fund details
Small Cap Growth Fund (PSYGX)
This fund received a
Overall Morningstar Rating™ out of 581 funds in the Small Growth category as of 04/30/20 See fund details
Tax Exempt Income Fund (PTEYX)
This fund received a
Overall Morningstar Rating™ out of 151 funds in the Muni National Long category as of 04/30/20 See fund details
Tax-Free High Yield Fund (PTFYX)
This fund received a
Overall Morningstar Rating™ out of 167 funds in the High Yield Muni category as of 04/30/20 See fund details
Sustainable investing at Putnam
Choose from active funds managed by researchers who pursue both strong returns and positive impact on the world.
Income investing at Putnam
Choose from active funds led by people who look for sources of income off the beaten path.
Equity investing at Putnam
Choose from active funds managed by people who aim to be right where the market is wrong.
Asset allocation investing at Putnam
Consider actively diversified funds with people at the helm to navigate changing markets.
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Overall Morningstar ratings as of 04/30/20, shown with the Morningstar category and the number of funds in each category.

Download our Morningstar Ratings Scorecard (PDF) ADVISORS: Download product guide (PDF)