Multi-Cap Core Fund (Class Y)  (PMYYX)

Seeking opportunities across a wide range of stocks

Highlights

Objective

The fund seeks capital appreciation.

Strategy and process

  • "Go anywhere" approach: The fund invests in stocks of U.S. companies of all sizes and has the flexibility to own both growth and value stocks.
  • A disciplined process: The portfolio managers use a disciplined, fundamental investment process with three buckets of idea generation: legacy companies, smart-money indicators, and special situations.
  • Research focus: Backed by an Equity Research team, the portfolio managers use their stock-picking expertise to identify opportunities and manage risk.

Fund price

Yesterday’s close 52-week high 52-week low
Net asset value $23.49
-0.04% | $-0.01
$24.73
01/26/18
$20.25
05/23/17
Historical fund price

Fund facts as of 04/30/18

Total net assets
$640.73M
Turnover (fiscal year end)
76%
Dividend frequency
Annually
Number of holdings
155
Fiscal year-end
April
CUSIP / Fund code
74676P839 / 1876
Inception date
09/24/10
Class Y  
Category
Blend
Open to new investors
Ticker
PMYYX

Management team

Portfolio Manager
Portfolio Manager, Analyst



Performance

  • Total return (%) as of 03/31/18

  • Annual performance as of 03/31/18

Annualized Total return (%) as of 03/31/18

Annualized performance 1 yr. 3 yrs. 5 yrs. Life (inception: 09/24/10 )
Before sales charge 16.53% 10.11% 14.42% 15.97%
After sales charge N/A N/A N/A N/A
Russell 3000 Index 13.81% 10.22% 13.03% --

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. Performance assumes reinvestment of distributions and does not account for taxes. Returns before sales charge do not reflect the current maximum sales charges as indicated below. Had the sales charge been reflected, returns would be lower. Returns at public offering price (after sales charge) for class A and class M shares reflect the current maximum initial sales charges of 5.75% and 3.50% for equity funds and Putnam Multi-Asset Absolute Return Fund, and 4.00% and 3.25% for income funds (1.00% and 0.75% for Putnam Floating Rate Income Fund, Putnam Absolute Return 100 Fund, Putnam Fixed Income Absolute Return Fund, and Putnam Short-Term Municipal Income Fund), respectively. Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declining to 1% in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, Putnam Absolute Return 100 Fund, Putnam Fixed Income Absolute Return Fund, and Putnam Short-Term Municipal Income Fund, which is 1% in the first year, declining to 0.5% in the second year, and is eliminated thereafter). Class C shares reflect a 1% CDSC the first year that is eliminated thereafter. Performance for class B, C, M, R, and Y shares prior to their inception is derived from the historical performance of class A shares, adjusted for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (with the exception of Putnam Tax-Free High Yield Fund and Putnam AMT-Free Municipal Fund, which are based on the historical performance of class B shares). Class R5/R6 shares, available to qualified employee-benefit plans only, are sold without an initial sales charge and have no CDSC. Class Y shares are generally only available for corporate and institutional clients and have no initial sales charge. Performance for Class R5/R6 shares before their inception are derived from the historical performance of class Y shares, which have not been adjusted for the lower expenses; had they, returns would have been higher. For a portion of the period, some funds had expenses limitations or had been sold on a limited basis with limited assets and expenses, without which returns would be lower.

Performance snapshot

  Before sales charge After sales charge
1 mt. as of 04/30/18 0.04 % -
YTD as of 05/23/18 2.53 % -

Risk-adjusted performance as of 04/30/18

Alpha (3 yrs.) -0.88
Sharpe ratio (3 yrs.) 0.84
Treynor ratio (3 yrs.) 8.87
Information ratio (3 yrs.) -0.10

Volatility as of 04/30/18

Standard deviation (3 yrs.) 11.17%
Beta 1.06
R-squared 0.94

Capture ratio as of 04/30/18

Up-market (3 yrs.) 104.31
Down-market (3 yrs.) 111.60

Lipper rankings as of 04/30/18

Multi-Cap Core Funds Percentile ranking Rank/Funds in category
1 yr. 14% 103/764
3 yrs. 23% 148/646
5 yrs. 2% 9/561
10 yrs.   --

Morningstar ratings as of 04/30/18

Large Blend Rating Funds in category
Overall (1177)
3 yrs. (1177)
5 yrs. (1056)

Distributions

Record/Ex dividend date 12/06/17
Payable date 12/08/17
Income $0.331
Extra income --
Short-term cap. gain --
Long-term cap. gain $0.29

Lipper rankings are based on total return without sales charge relative to all share classes of funds with similar objectives as determined by Lipper. Past performance is not indicative of future results.

The Morningstar RatingTM 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.

The up-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has risen. The ratio is calculated by dividing the manager’s returns by the returns of the index during the up-market, and multiplying that factor by 100. The down-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has dropped. The ratio is calculated by dividing the manager’s returns by the returns of the index during the down-market and multiplying that factor by 100.


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See how this fund compares:

  • Putnam Multi-Cap Core Fund vs.
  • Vanguard Total Stock Market Idx**

Trailing 5 year performance

** FundVisualizer comparison based on Putnam fund versus the largest fund in its Morningstar category.

** FundVisualizer comparison based on Putnam fund versus the largest fund in its Morningstar category.


Holdings

Top 10 holdings as of 04/30/18

Microsoft Corp 3.70%
Bank Of America Corp 2.46%
JPMorgan Chase 2.46%
Apple 2.42%
Alphabet 2.31%
Citigroup 2.01%
Pfizer 1.70%
Walmart 1.61%
Cisco Systems 1.56%
Boeing The 1.32%
Top 10 holdings, percent of portfolio 21.55%

Full portfolio holdings as of 03/31/18

MICROSOFT CORP 3.70%
JPMORGAN CHASE & CO 2.55%
BANK OF AMERICA CORP 2.53%
APPLE INC 2.47%
CITIGROUP INC 2.03%
WALMART INC 1.65%
PFIZER INC 1.64%
CISCO SYSTEMS INC 1.54%
ALPHABET INC-CL A 1.53%
GOLDMAN SACHS GROUP INC 1.39%
BOEING CO/THE 1.33%
MORGAN STANLEY 1.28%
AMGEN INC 1.24%
AMAZON.COM INC 1.20%
CATERPILLAR INC 1.18%
ROYAL DUTCH SHELL-SPON ADR-A 1.16%
VISA INC-CLASS A SHARES 1.09%
JOHNSON & JOHNSON 1.07%
LAM RESEARCH CORP 0.94%
AT&T INC 0.92%
GILEAD SCIENCES INC 0.89%
WALT DISNEY CO/THE 0.83%
FACEBOOK INC-A 0.81%
HOME DEPOT INC 0.81%
ANTHEM INC 0.80%
HUMANA INC 0.80%
BAXTER INTERNATIONAL INC 0.79%
PRUDENTIAL FINANCIAL INC 0.78%
COMCAST CORP-CLASS A 0.77%
TEXAS INSTRUMENTS INC 0.77%
UNITED RENTALS INC 0.77%
AMERIPRISE FINANCIAL INC 0.74%
FREEPORT-MCMORAN INC 0.74%
EXELON CORP 0.73%
CAPITAL ONE FINANCIAL CORP 0.72%
ALPHABET INC-CL C 0.71%
CONOCOPHILLIPS 0.71%
PULTEGROUP INC 0.70%
TERADYNE INC 0.70%
CF INDUSTRIES HOLDINGS INC 0.69%
INTL BUSINESS MACHINES CORP 0.68%
ABBVIE INC 0.66%
BERKSHIRE HATHAWAY INC-CL B 0.65%
ORACLE CORP 0.65%
APPLIED MATERIALS INC 0.64%
VALERO ENERGY CORP 0.64%
INTEL CORP 0.63%
LAS VEGAS SANDS CORP 0.63%
STATE STREET CORP 0.63%
MARATHON OIL CORP 0.62%
CVS HEALTH CORP 0.61%
EASTMAN CHEMICAL CO 0.61%
ADOBE SYSTEMS INC 0.60%
TOTAL SA-SPON ADR 0.60%
HCA HEALTHCARE INC 0.59%
HYATT HOTELS CORP - CL A 0.59%
NRG ENERGY INC 0.59%
ALCOA CORP 0.58%
DXC TECHNOLOGY CO 0.58%
GENERAL DYNAMICS CORP 0.58%
HP INC 0.58%
TARGET CORP 0.58%
CBRE GROUP INC - A 0.57%
EBAY INC 0.57%
ENTERGY CORP 0.57%
MANPOWERGROUP INC 0.57%
MCKESSON CORP 0.57%
MICHAELS COS INC/THE 0.56%
PENN NATIONAL GAMING INC 0.56%
OWENS CORNING 0.55%
WYNDHAM WORLDWIDE CORP 0.55%
ASSURED GUARANTY LTD 0.54%
BEST BUY CO INC 0.54%
BIOGEN INC 0.54%
CHILDREN'S PLACE INC/THE 0.54%
JAZZ PHARMACEUTICALS PLC 0.54%
LEAR CORP 0.54%
SUNCOR ENERGY INC 0.54%
GAP INC/THE 0.53%
KROGER CO 0.53%
DEERE & CO 0.52%
ENTERPRISE PRODUCTS PARTNERS 0.52%
LOWES COMPANIES INC 0.52%
PEPSICO INC 0.52%
SOUTHWEST AIRLINES CO 0.51%
BANK OF NEW YORK MELLON CORP 0.50%
DELTA AIR LINES INC 0.50%
INVESCO LTD 0.50%
WASTE MANAGEMENT INC 0.50%
ENERGIZER HOLDINGS INC 0.49%
GENERAL MOTORS CO 0.49%
LIVE NATION ENTERTAINMENT IN 0.49%
SUNTRUST BANKS INC 0.49%
TOTAL SYSTEM SERVICES INC 0.49%
US FOODS HOLDING CORP 0.49%
EMERSON ELECTRIC CO 0.48%
PERRIGO CO PLC 0.48%
NORFOLK SOUTHERN CORP 0.47%
RADIAN GROUP INC 0.47%
WALGREENS BOOTS ALLIANCE INC 0.47%
CONVERGYS CORP 0.45%
LINCOLN NATIONAL CORP 0.44%
PIRELLI & C SPA 0.44%
FIRSTENERGY CORP 0.43%
HANESBRANDS INC 0.43%
JABIL INC 0.43%
PROCTER & GAMBLE CO/THE 0.43%
CIGNA CORP 0.42%
MAGNA INTERNATIONAL INC 0.41%
RED ROBIN GOURMET BURGERS 0.40%
AMERICAN INTERNATIONAL GROUP 0.39%
BOARDWALK PIPELINE PARTNERS 0.39%
NOMAD FOODS LTD 0.39%
BLOOMIN' BRANDS INC 0.38%
PLAYA HOTELS & RESORTS NV 0.38%
ARCHER-DANIELS-MIDLAND CO 0.37%
DELL TECHNOLOGIES INC-CL V 0.37%
KKR & CO LP 0.37%
TPG PACE HOLDINGS CORP 0.37%
ENCANA CORP 0.36%
ORION ENGINEERED CARBONS SA 0.36%
VISTA OIL & GAS SAB DE CV 0.32%
DELIVERY HERO AG 0.31%
EASTERLY ACQUISITION CORP 0.31%
WW GRAINGER INC 0.29%
ARMADA HOFFLER PROPERTIES IN 0.28%
EASTERLY GOVERNMENT PROPERTI 0.28%
KIMBERLY-CLARK CORP 0.28%
AIR CANADA 0.27%
DASEKE INC 0.26%
FEDEX CORP 0.25%
KENNEDY-WILSON HOLDINGS INC 0.25%
MOLSON COORS BREWING CO -B 0.25%
J2 ACQUISITION LTD 0.24%
LYONDELLBASELL INDU-CL A 0.24%
COCA-COLA CO/THE 0.23%
WYNN RESORTS LTD 0.23%
FEDERAL STREET ACQUISITION 0.21%
ALIGNVEST ACQUISITION II C-A 0.20%
BECTON DICKINSON AND CO 06.1250 CV PFD 0.18%
BANDWIDTH INC-CLASS A 0.17%
PARSLEY ENERGY INC-CLASS A 0.17%
LIGAND PHARMACEUTICALS 0.15%
HAYMAKER ACQUISITION CORP 0.12%
RANGER ENERGY SERVICES INC 0.12%
GORES HOLDINGS II INC 0.10%
SELECT ENERGY SVCS-A-1 0.05%
ALIGNVEST ACQUISITION - CW 0.01%
CISION LTD - CW22 0.01%
DISCOVERY COMMUNICATIONS-A 0.01%
EASTERLY ACQ CORP - CW20 0.01%
J2 ACQUISITION LTD-CW20 0.01%
SANDRIDGE PERMIAN TRUST 0.01%
VISTA OIL & GAS -CW22 0.01%
GLOBAL FASHION GRP P/P 0.00%
HC BRILLANT SERVICES GMBH P/P 0.00%
NEW BIGFOOT OTHER ASSETS GMBH P/P 0.00%
NEW MIDDLE EAST OTHER ASSETS GMBH P/P 0.00%
POUND STERLING CALL ACCOUNT 0.00%
THE EURO EUR CALL ACCOUNT 0.00%

Prior top 10 holdings

Top 10 holdings as of 04/30/18
Microsoft Corp
Bank Of America Corp
JPMorgan Chase
Apple
Alphabet
Citigroup
Pfizer
Walmart
Cisco Systems
Boeing The
Holdings represent 21.55% of portfolio
Top 10 holdings as of 03/31/18
Microsoft Corp
JPMorgan Chase
Bank Of America Corp
Apple
Alphabet
Citigroup
Walmart
Pfizer
Cisco Systems
Goldman Sachs Group The
Holdings represent 21.74% of portfolio
Top 10 holdings as of 02/28/18
Microsoft Corp
Bank Of America Corp
JPMorgan Chase
Apple
Alphabet
Citigroup
Walmart
Cisco Systems
Boeing The
Goldman Sachs Group The
Holdings represent 21.24% of portfolio
Top 10 holdings as of 01/31/18
Microsoft
Bank of America
JPMorgan Chase
Alphabet
Apple
Citigroup
Walmart
Goldman Sachs Group The
Boeing The
Amgen
Holdings represent 21.11% of portfolio

Portfolio composition as of 04/30/18

Common stock 94.74%
Cash and net other assets 5.07%
Convertible preferred stock 0.19%

Equity statistics as of 04/30/18

Median market cap $25.36B
Weighted average market cap $168.53B
Price to book 2.59
Price to earnings 13.71

Fund characteristics will vary over time.

Due to rounding, percentages may not equal 100%.

Consider these risks before investing: Investments in small and/or midsize companies increase the risk of greater price fluctuations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Stock prices may fall or fail to rise over time for several reasons, including general financial market conditions and factors related to a specific issuer or industry. You can lose money by investing in the fund.

Top Industry Sectors as of 04/30/18

Information technology 21.02%
Financials 18.29%
Consumer discretionary 14.48%
Health care 12.18%
Industrials 8.47%
Energy 6.53%
Consumer staples 6.10%
Cash and net other assets 5.07%
Materials 3.07%
 
Other
4.79%
Utilities 2.60%
Real estate 1.35%
Telecommunication services 0.84%

The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.

Sectors will vary over time.


Expenses

Expense ratio

Class A Class B Class C Class M Class R Class R6 Class Y
Total expense ratio 1.03% 1.78% 1.78% 1.53% 1.28% - 0.78%
What you pay 1.03% 1.78% 1.78% 1.53% 1.28% - 0.78%

Sales charge/Dealer allowance

 Breakpoint Class A Class B Class C Class M Class R Class R6 Class Y
$0-$49,999 5.75% / 5.00% 0.00% / 4.00% 0.00% / 1.00% 3.50% / 3.00% -- -- --
$50,000-$99,999 4.50% / 3.75% 0.00% / 4.00% 0.00% / 1.00% 2.50% / 2.00% -- -- --
$100,000-$249,999 3.50% / 2.75% -- 0.00% / 1.00% 1.50% / 1.00% -- -- --
$250,000-$499,999 2.50% / 2.00% -- 0.00% / 1.00% 1.00% / 1.00% -- -- --
$500,000-$999,999 2.00% / 1.75% -- 0.00% / 1.00% 1.00% / 1.00% -- -- --
$1M-$4M 0.00% / 1.00% -- -- -- -- -- --
$4M-$50M 0.00% / 0.50% -- -- -- -- -- --
$50M+ 0.00% / 0.25% -- -- -- -- -- --

CDSC

  Class A (sales for $1,000,000+) Class B Class C Class M Class R Class R6 Class Y
0 to 9 mts. 1.00% 5.00% 1.00% -- -- -- --
9 to 12 mts. 1.00% 5.00% 1.00% -- -- -- --
2 yrs. 0.00% 4.00% 0.00% -- -- -- --
3 yrs. 0.00% 3.00% 0.00% -- -- -- --
4 yrs. 0.00% 3.00% 0.00% -- -- -- --
5 yrs. 0.00% 2.00% 0.00% -- -- -- --
6 yrs. 0.00% 1.00% 0.00% -- -- -- --
7+ yrs. 0.00% 0.00% 0.00% -- -- -- --

Trail commissions

  Class A Class B Class C Class M Class R Class R6 Class Y
  0.25% 0.25% 1.00% 0.65% 0.50% 0.00% 0.00%
  NA NA NA NA NA NA NA
  NA NA NA NA NA NA NA

For sales and trail commission information on purchases over $1 million and participant-directed qualified retirement plans, see a Putnam fund prospectus and the statement of additional information.

The Russell 3000 Index is an unmanaged index of the 3,000 largest U.S. companies. You cannot invest directly in an index.

Consider these risks before investing: Investments in small and/or midsize companies increase the risk of greater price fluctuations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Stock prices may fall or fail to rise over time for several reasons, including general financial market conditions and factors related to a specific issuer or industry. You can lose money by investing in the fund.