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 4.00% and 3.25% for income funds (2.25% for class A of Putnam Floating Rate Income Fund, Short-Term Municipal Income, Short Duration Bond Fund, and Fixed Income Absolute Return 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 Short Duration Bond 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, N, 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). Performance for class A, C, and Y shares of Putnam Mortgage Opportunities Fund before their inception is derived from the historical performance of class I shares, which have been adjusted for the applicable sales charge (or CDSC) and the higher operating expenses for such shares. Returns at public offering price (after sales charge) for class N shares reflect the current maximum initial sales charge of 1.50%. 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. Class A shares of Putnam money market funds have no initial sales charge. 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.
Active Equities
Equity Income Fund (Class A) (PEYAX)
A multidimensional approach that defines value on a daily basis
Portfolio Manager Darren A. Jaroch, CFA
“I’ve always been patient and disciplined. And I think those traits have served me well as an investor.”
Highlights
Objective
The fund seeks capital growth and current income.
Strategy and process
- A large-value focus: The fund focuses on large companies whose stocks are priced below their long-term potential, and where there may be a catalyst for positive change.
- Dividend growth: The fund places a distinct emphasis on companies that can grow their dividends and are able and willing to return cash to shareholders.
- A disciplined process: The portfolio managers invest using fundamental research and quantitative tools supported by strong risk controls in portfolio construction.
Fund price |
Yesterday’s close | 52-week high | 52-week low |
|---|---|---|---|
| Net asset value |
$23.11
-0.09% | $-0.02 |
$27.17
12/23/19 |
$17.25
03/23/20 |
Fund facts as of 04/30/20
$11,211.45M
12%
Quarterly
94
November
746745108 / 0010
06/15/77
Value
PEYAX
Management team
Literature
Fund documents |
| Prospectuses/SAI |
| Fact Sheet (A share) (PDF) |
| Fact Sheet (R6 share) (PDF) |
| Fact Sheet (Y share) (PDF) |
| Brochure (PDF) |
| Annual Fund Report (PDF) |
| Semiannual Fund Report (PDF) |
| Quarterly commentary (PDF) |
| Equity Outlook (PDF) |
What’s next for the hard-hit financials sector?
The financials sector has been among the hardest hit from the COVID-19-induced equity market selloff, but there are reasons for optimism.October stock market volatility may signal a shift
Recent stock market volatility reflects a process of pricing in the fact that the global growth outlook has diverged.Performance
Consistency of positive performance over five years
Performance shown above does not reflect the effects of any sales charges. Click on the dots to see specific returns in each five-year period as of the date revealed. Note that returns of 0.00% are counted as positive periods. For complete fund performance, please see below.
21.64%
Best 5-year annualized return
(for period ending 06/30/99)
-2.36%
Worst 5-year annualized return
(for period ending 03/31/09)
10.33%
Average 5-year annualized return
Total return (%) as of 03/31/20
Annual performance as of 03/31/20
Annualized Total return (%) as of 03/31/20
| Annualized performance | 1 yr. | 3 yrs. | 5 yrs. | 10 yrs. |
|---|---|---|---|---|
| Before sales charge | -13.06% | 0.35% | 2.81% | 8.41% |
| After sales charge | -18.06% | -1.61% | 1.60% | 7.77% |
| Russell 1000 Value Index | -17.17% | -2.18% | 1.90% | 7.67% |
Performance snapshot
| Before sales charge | After sales charge | ||
|---|---|---|---|
| 1 mt. as of 05/31/20 | 4.62% | -1.40% | |
| YTD as of 05/31/20 | -12.23% | -17.28% | |
Yield
| Distribution rate before sales charge as of 05/29/20 |
1.71% |
|---|---|
| Distribution rate after sales charge as of 05/29/20 |
1.62% |
| 30-day SEC yield as of 04/30/20 (after sales charge) |
1.97% |
Risk-adjusted performance as of 04/30/20
| Alpha (3 yrs.) | 2.92 |
|---|---|
| Sharpe ratio (3 yrs.) | 0.15 |
| Treynor ratio (3 yrs.) | 2.73 |
| Information ratio (3 yrs.) | 1.19 |
Volatility as of 04/30/20
| Standard deviation (3 yrs.) | 17.53% |
|---|---|
| Beta | 0.98 |
| R-squared | 0.98 |
Capture ratio as of 04/30/20
| Up-market (3 yrs.) | 105.78 |
|---|---|
| Down-market (3 yrs.) | 92.76 |
Lipper rankings as of 04/30/20
| Time period | Rank/Funds in category | Percentile ranking |
|---|---|---|
| 1 yr. | 172/498 | 35% |
| 3 yrs. | 134/457 | 30% |
| 5 yrs. | 158/389 | 41% |
| 10 yrs. | 44/243 | 19% |
Morningstar Ratings™ as of 04/30/20
| Time period | Funds in category | Morningstar Rating™ |
|---|---|---|
| Overall | 1104 | |
| 3 yrs. | 1104 | |
| 5 yrs. | 953 | |
| 10 yrs. | 696 |
Distributions
| Record/Ex dividend date | 03/26/20 |
|---|---|
| Payable date | 03/30/20 |
| Income | $0.099 |
| Extra income | -- |
| Short-term cap. gain | -- |
| Long-term cap. gain | -- |
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.
Holdings
| Microsoft Corp | 3.33% |
|---|---|
| Walmart | 3.10% |
| Bank Of America Corp | 2.98% |
| JPMorgan Chase | 2.92% |
| Citigroup | 2.87% |
| Johnson Johnson | 2.46% |
| Northrop Grumman Corp | 2.25% |
| American Tower Corp | 1.96% |
| Cigna Corp | 1.92% |
| Eli Lilly And | 1.78% |
| Top 10 holdings, percent of portfolio | 25.57% |
| Top 10 holdings as of 04/30/20 | |
|---|---|
| Microsoft Corp | |
| Walmart | |
| Bank Of America Corp | |
| JPMorgan Chase | |
| Citigroup | |
| Johnson Johnson | |
| Northrop Grumman Corp | |
| American Tower Corp | |
| Cigna Corp | |
| Eli Lilly And | |
| Holdings represent 25.57% of portfolio | |
| Top 10 holdings as of 03/31/20 | |
|---|---|
| Microsoft Corp | |
| Walmart | |
| JPMorgan Chase | |
| Bank Of America Corp | |
| Citigroup | |
| Johnson & Johnson | |
| Northrop Grumman Corp | |
| American Tower Corp | |
| Cigna Corp | |
| Merck | |
| Holdings represent 26.56% of portfolio | |
| Top 10 holdings as of 02/29/20 | |
|---|---|
| Microsoft Corp | |
| JPMorgan Chase | |
| Bank Of America Corp | |
| Citigroup | |
| Walmart | |
| Northrop Grumman Corp | |
| Johnson Johnson | |
| American Tower Corp | |
| Cigna Corp | |
| American Electric Power | |
| Holdings represent 25.05% of portfolio | |
| Top 10 holdings as of 01/31/20 | |
|---|---|
| Microsoft Corp | |
| Bank Of America Corp | |
| Citigroup | |
| JPMorgan Chase | |
| Walmart | |
| Northrop Grumman Corp | |
| Johnson Johnson | |
| American Electric Power | |
| American Tower Corp | |
| Cigna Corp | |
| Holdings represent 25.24% of portfolio | |
| MICROSOFT CORP SEDOL 2588173 | 4.33% |
|---|---|
| WALMART INC SEDOL 2936921 | 3.23% |
| JPMORGAN CHASE & CO SEDOL 2190385 | 3.06% |
| BANK OF AMERICA CORP SEDOL 2295677 | 2.93% |
| CITIGROUP INC SEDOL 2297907 | 2.55% |
| JOHNSON & JOHNSON SEDOL 2475833 | 2.40% |
| NORTHROP GRUMMAN CORP SEDOL 2648806 | 2.30% |
| AMERICAN TOWER CORP SEDOL B7FBFL2 | 2.00% |
| CIGNA CORP SEDOL BHJ0775 | 1.94% |
| MERCK & CO. INC. SEDOL 2778844 | 1.82% |
| ELI LILLY & CO SEDOL 2516152 | 1.78% |
| PROCTER & GAMBLE CO/THE SEDOL 2704407 | 1.75% |
| AMERICAN ELECTRIC POWER SEDOL 2026242 | 1.70% |
| CHARTER COMMUNICATIONS INC-A SEDOL BZ6VT82 | 1.66% |
| AMGEN INC SEDOL 2023607 | 1.62% |
| ASTRAZENECA PLC-SPONS ADR SEDOL 2989044 | 1.60% |
| REGENERON PHARMACEUTICALS SEDOL 2730190 | 1.59% |
| EXELON CORP SEDOL 2670519 | 1.55% |
| ABBVIE INC SEDOL B92SR70 | 1.52% |
| AT&T INC SEDOL 2831811 | 1.45% |
| NRG ENERGY INC SEDOL 2212922 | 1.44% |
| UNION PACIFIC CORP SEDOL 2914734 | 1.43% |
| COMCAST CORP-CLASS A SEDOL 2044545 | 1.38% |
| PEPSICO INC SEDOL 2681511 | 1.34% |
| BJ'S WHOLESALE CLUB HOLDINGS SEDOL BFZNZF8 | 1.29% |
| BAXTER INTERNATIONAL INC SEDOL 2085102 | 1.23% |
| CISCO SYSTEMS INC SEDOL 2198163 | 1.23% |
| PNC FINANCIAL SERVICES GROUP SEDOL 2692665 | 1.22% |
| QUALCOMM INC SEDOL 2714923 | 1.17% |
| APPLE INC SEDOL 2046251 | 1.13% |
| UNITED RENTALS INC SEDOL 2134781 | 1.10% |
| FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 1.09% |
| AIR PRODUCTS & CHEMICALS INC SEDOL 2011602 | 1.08% |
| RAYTHEON COMPANY SEDOL 2758051 | 1.08% |
| INTEL CORP SEDOL 2463247 | 1.07% |
| ASSURED GUARANTY LTD SEDOL B00V7H8 | 1.05% |
| ACTIVISION BLIZZARD INC SEDOL 2575818 | 1.05% |
| EXXON MOBIL CORP SEDOL 2326618 | 1.04% |
| DOW INC SEDOL BHXCF84 | 1.04% |
| KROGER CO SEDOL 2497406 | 1.00% |
| CONOCOPHILLIPS | 0.95% |
| HOME DEPOT INC SEDOL 2434209 | 0.93% |
| AMEREN CORPORATION SEDOL 2050832 | 0.92% |
| JOHNSON CONTROLS INTERNATION SEDOL BY7QL61 | 0.92% |
| GAMING AND LEISURE PROPERTIE SEDOL BFPK4S5 | 0.92% |
| EATON CORP PLC SEDOL B8KQN82 | 0.91% |
| HILTON WORLDWIDE HOLDINGS IN SEDOL BYVMW06 | 0.90% |
| VALERO ENERGY CORP SEDOL 2041364 | 0.90% |
| PFIZER INC SEDOL 2684703 | 0.89% |
| AXA SA SEDOL 7088429 | 0.85% |
| BP PLC SEDOL 0798059 | 0.85% |
| SCHWAB (CHARLES) CORP SEDOL 2779397 | 0.84% |
| GOLDMAN SACHS GROUP INC SEDOL 2407966 | 0.82% |
| RADIAN GROUP INC SEDOL 2173911 | 0.79% |
| TOTAL SA SEDOL B15C557 | 0.77% |
| FORTUNE BRANDS HOME & SECURI SEDOL B3MC7D6 | 0.77% |
| APOLLO GLOBAL MANAGEMENT INC SEDOL BKRLVD5 | 0.76% |
| DANAHER CORP SEDOL 2250870 | 0.75% |
| STATE STREET CORP SEDOL 2842040 | 0.74% |
| HONEYWELL INTERNATIONAL INC SEDOL 2020459 | 0.73% |
| WELLS FARGO & CO SEDOL 2649100 | 0.73% |
| ALBEMARLE CORP SEDOL 2046853 | 0.70% |
| AMERICAN INTERNATIONAL GROUP SEDOL 2027342 | 0.70% |
| FREEPORT-MCMORAN INC SEDOL 2352118 | 0.69% |
| VERIZON COMMUNICATIONS INC SEDOL 2090571 | 0.68% |
| ENTERPRISE PRODUCTS PARTNERS SEDOL 2285388 | 0.67% |
| CRH PLC SEDOL 4182249 | 0.66% |
| TEXAS INSTRUMENTS INC SEDOL 2885409 | 0.66% |
| SOUTHWEST AIRLINES CO SEDOL 2831543 | 0.66% |
| MOLSON COORS BEVERAGE CO - B SEDOL B067BM3 | 0.65% |
| DANAHER CORP 04.7500 CUM CV PFD | 0.63% |
| ARAMARK SEDOL BH3XG17 | 0.63% |
| BOSTON PROPERTIES INC SEDOL 2019479 | 0.63% |
| GENERAL MOTORS CO SEDOL B665KZ5 | 0.61% |
| APTIV PLC SEDOL B783TY6 | 0.57% |
| PULTEGROUP INC SEDOL 2708841 | 0.55% |
| WALGREENS BOOTS ALLIANCE INC SEDOL BTN1Y44 | 0.53% |
| NXP SEMICONDUCTORS NV SEDOL B505PN7 | 0.48% |
| CAPITAL ONE FINANCIAL CORP SEDOL 2654461 | 0.47% |
| KEYCORP SEDOL 2490911 | 0.41% |
| BARCLAYS BANK PLC CCP 06742VDR9 DCP 05/08/2020 | 0.40% |
| ONEOK INC SEDOL 2130109 | 0.27% |
| KEURIG DR PEPPER INC SEDOL BD3W133 | 0.27% |
| EOG RESOURCES INC SEDOL 2318024 | 0.25% |
| DUPONT DE NEMOURS INC SEDOL BK0VN47 | 0.24% |
| GENERAL ELECTRIC CO SEDOL 2380498 | 0.22% |
| SHERWIN-WILLIAMS CO/THE SEDOL 2804211 | 0.20% |
| MARATHON OIL CORP SEDOL 2910970 | 0.14% |
| HALLIBURTON CO SEDOL 2405302 | 0.13% |
| STANLEY BLACK & DECKER I 05.2500 CV PFD | 0.10% |
| TREASURY BILL 00.0000 04/09/2020 | 0.08% |
| MFA FINANCIAL INC SEDOL 2418162 | 0.08% |
| OPORTUN FINANCIAL CORP SEDOL BKTC5L2 | 0.06% |
| OCCIDENTAL PETROLEUM CORP SEDOL 2655408 | 0.06% |
| TREASURY BILL 00.0000 04/16/2020 | 0.05% |
| GBP/USD 06/17/2020 BCAP-FX | 0.05% |
| GBP/USD 06/17/2020 GSFX | 0.05% |
| TREASURY BILL 00.0000 06/11/2020 | 0.04% |
| GBP/USD 06/17/2020 UBS | 0.04% |
| OVINTIV INC SEDOL BL3GRC2 | 0.04% |
| TREASURY BILL 00.0000 06/04/2020 | 0.04% |
| DXC TECHNOLOGY CO SEDOL BYXD7B3 | 0.03% |
| EUR/USD 06/17/2020 SSBT | 0.01% |
| EUR/USD 06/17/2020 GSFX | 0.00% |
| TREASURY BILL 00.0000 04/02/2020 | 0.00% |
| TREASURY BILL 00.0000 05/21/2020 | 0.00% |
| EUR/USD 06/17/2020 BANKAM | 0.00% |
| EUR/USD 06/17/2020 UBS | 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% |
| TREASURY BILL 00.0000 06/18/2020 | 0.00% |
| JPMORGAN CHASE & CO SEDOL 2190385 | 4.48% |
|---|---|
| BANK OF AMERICA CORP SEDOL 2295677 | 3.56% |
| MICROSOFT CORP SEDOL 2588173 | 3.16% |
| CITIGROUP INC SEDOL 2297907 | 3.04% |
| WALMART INC SEDOL 2936921 | 2.47% |
| APPLE INC SEDOL 2046251 | 2.12% |
| JOHNSON & JOHNSON SEDOL 2475833 | 1.95% |
| NORTHROP GRUMMAN CORP SEDOL 2648806 | 1.91% |
| CIGNA CORP SEDOL BHJ0775 | 1.64% |
| MERCK & CO. INC. SEDOL 2778844 | 1.57% |
| AMERICAN TOWER CORP SEDOL B7FBFL2 | 1.54% |
| AMERICAN ELECTRIC POWER SEDOL 2026242 | 1.47% |
| ASSURED GUARANTY LTD SEDOL B00V7H8 | 1.46% |
| CONOCOPHILLIPS | 1.46% |
| PROCTER & GAMBLE CO/THE SEDOL 2704407 | 1.45% |
| AT&T INC SEDOL 2831811 | 1.42% |
| DOW INC SEDOL BHXCF84 | 1.42% |
| AMGEN INC SEDOL 2023607 | 1.41% |
| EXXON MOBIL CORP SEDOL 2326618 | 1.40% |
| CHARTER COMMUNICATIONS INC-A SEDOL BZ6VT82 | 1.35% |
| UNION PACIFIC CORP SEDOL 2914734 | 1.34% |
| BECTON DICKINSON AND CO SEDOL 2087807 | 1.34% |
| COMCAST CORP-CLASS A SEDOL 2044545 | 1.32% |
| RAYTHEON COMPANY SEDOL 2758051 | 1.32% |
| ASTRAZENECA PLC-SPONS ADR SEDOL 2989044 | 1.30% |
| ABBVIE INC SEDOL B92SR70 | 1.29% |
| ELI LILLY & CO SEDOL 2516152 | 1.24% |
| NEXTERA ENERGY INC SEDOL 2328915 | 1.14% |
| RADIAN GROUP INC SEDOL 2173911 | 1.12% |
| PEPSICO INC SEDOL 2681511 | 1.12% |
| QUALCOMM INC SEDOL 2714923 | 1.11% |
| CISCO SYSTEMS INC SEDOL 2198163 | 1.10% |
| VALERO ENERGY CORP SEDOL 2041364 | 1.09% |
| KROGER CO SEDOL 2497406 | 1.08% |
| AMERICAN INTERNATIONAL GROUP SEDOL 2027342 | 1.08% |
| HILTON WORLDWIDE HOLDINGS IN SEDOL BYVMW06 | 1.08% |
| GAMING AND LEISURE PROPERTIE SEDOL BFPK4S5 | 1.04% |
| JOHNSON CONTROLS INTERNATION SEDOL BY7QL61 | 1.02% |
| WELLS FARGO & CO SEDOL 2649100 | 1.00% |
| PNC FINANCIAL SERVICES GROUP SEDOL 2692665 | 0.98% |
| ENTERPRISE PRODUCTS PARTNERS SEDOL 2285388 | 0.96% |
| AIR PRODUCTS & CHEMICALS INC SEDOL 2011602 | 0.93% |
| FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 0.91% |
| BP PLC SEDOL 0798059 | 0.91% |
| GOLDMAN SACHS GROUP INC SEDOL 2407966 | 0.89% |
| INTEL CORP SEDOL 2463247 | 0.86% |
| NRG ENERGY INC SEDOL 2212922 | 0.85% |
| FORTUNE BRANDS HOME & SECURI SEDOL B3MC7D6 | 0.85% |
| HARTFORD FINANCIAL SVCS GRP SEDOL 2476193 | 0.83% |
| EATON CORP PLC SEDOL B8KQN82 | 0.81% |
| EDISON INTERNATIONAL SEDOL 2829515 | 0.81% |
| REGENERON PHARMACEUTICALS SEDOL 2730190 | 0.81% |
| APTIV PLC SEDOL B783TY6 | 0.81% |
| TOTAL SA SEDOL B15C557 | 0.81% |
| STATE STREET CORP SEDOL 2842040 | 0.80% |
| EXELON CORP SEDOL 2670519 | 0.80% |
| HOME DEPOT INC SEDOL 2434209 | 0.80% |
| GENERAL MOTORS CO SEDOL B665KZ5 | 0.78% |
| PFIZER INC SEDOL 2684703 | 0.78% |
| ACTIVISION BLIZZARD INC SEDOL 2575818 | 0.77% |
| SOUTHWEST AIRLINES CO SEDOL 2831543 | 0.73% |
| BJ'S WHOLESALE CLUB HOLDINGS SEDOL BFZNZF8 | 0.72% |
| HONEYWELL INTERNATIONAL INC SEDOL 2020459 | 0.71% |
| CAPITAL ONE FINANCIAL CORP SEDOL 2654461 | 0.70% |
| PULTEGROUP INC SEDOL 2708841 | 0.70% |
| BOSTON PROPERTIES INC SEDOL 2019479 | 0.69% |
| ONEOK INC SEDOL 2130109 | 0.68% |
| UNITED RENTALS INC SEDOL 2134781 | 0.68% |
| MOLSON COORS BEVERAGE CO - B SEDOL B067BM3 | 0.65% |
| TRUIST FINANCIAL CORP SEDOL BKP7287 | 0.65% |
| TEXAS INSTRUMENTS INC SEDOL 2885409 | 0.62% |
| SCHWAB (CHARLES) CORP SEDOL 2779397 | 0.62% |
| DANAHER CORP SEDOL 2250870 | 0.61% |
| KEYCORP SEDOL 2490911 | 0.58% |
| VERIZON COMMUNICATIONS INC SEDOL 2090571 | 0.57% |
| STANLEY BLACK & DECKER INC SEDOL B3Q2FJ4 | 0.55% |
| NXP SEMICONDUCTORS NV SEDOL B505PN7 | 0.54% |
| DANAHER CORP 04.7500 CUM CV PFD | 0.52% |
| WALGREENS BOOTS ALLIANCE INC SEDOL BTN1Y44 | 0.50% |
| ALCOA CORP SEDOL BYNF418 | 0.50% |
| FREEPORT-MCMORAN INC SEDOL 2352118 | 0.49% |
| APOLLO GLOBAL MANAGEMENT INC SEDOL BKRLVD5 | 0.47% |
| EOG RESOURCES INC SEDOL 2318024 | 0.42% |
| MARATHON OIL CORP SEDOL 2910970 | 0.42% |
| KKR & CO INC -A SEDOL BG1FRR1 | 0.41% |
| HALLIBURTON CO SEDOL 2405302 | 0.34% |
| DUPONT DE NEMOURS INC SEDOL BK0VN47 | 0.34% |
| GENERAL DYNAMICS CORP SEDOL 2365161 | 0.28% |
| MFA FINANCIAL INC SEDOL 2418162 | 0.28% |
| ENCANA CORP SEDOL 2793193 | 0.24% |
| KEURIG DR PEPPER INC SEDOL BD3W133 | 0.23% |
| GENERAL ELECTRIC CO SEDOL 2380498 | 0.23% |
| COTY INC-CL A SEDOL BBBSMJ2 | 0.21% |
| SHERWIN-WILLIAMS CO/THE SEDOL 2804211 | 0.19% |
| MATCHPOINT FINANCE PLC 57666AAW2 DCP 01/30/2020 | 0.18% |
| OCCIDENTAL PETROLEUM CORP SEDOL 2655408 | 0.15% |
| STANLEY BLACK & DECKER I 05.2500 CV PFD | 0.11% |
| OPORTUN FIN CORP P/P | 0.10% |
| DXC TECHNOLOGY CO SEDOL BYXD7B3 | 0.06% |
| TREASURY BILL 00.0000 04/09/2020 | 0.06% |
| TREASURY BILL 00.0000 04/16/2020 | 0.04% |
| TREASURY BILL 00.0000 06/11/2020 | 0.03% |
| TREASURY BILL 00.0000 06/04/2020 | 0.03% |
| TREASURY BILL 00.0000 03/12/2020 | 0.01% |
| TREASURY BILL 00.0000 04/02/2020 | 0.00% |
| TREASURY BILL 00.0000 05/21/2020 | 0.00% |
| 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% |
| TREASURY BILL 00.0000 06/18/2020 | 0.00% |
| EUR/USD 03/18/2020 BANKAM | -0.00% |
| EUR/USD 03/18/2020 SSBT | -0.00% |
| CAD/USD 01/15/2020 CITI | -0.00% |
| CAD/USD 01/15/2020 GSFX | -0.00% |
| EUR/USD 03/18/2020 GSFX | -0.00% |
| GBP/USD 03/18/2020 GSFX | -0.02% |
| GBP/USD 03/18/2020 BCAP-FX | -0.02% |
Portfolio composition as of 04/30/20
| Common stock | 97.68% |
|---|---|
| Cash and net other assets | 1.57% |
| Convertible preferred stock | 0.75% |
Equity statistics as of 04/30/20
| Median market cap | $45.20B |
|---|---|
| Weighted average market cap | $164.38B |
| Price to book | 1.86 |
| Price to earnings | 16.41 |
Fund characteristics will vary over time.
Due to rounding, percentages may not equal 100%.
Consider these risks before investing: Value stocks may fail to rebound, and the market may not favor value-style investing. Income provided by the fund may be reduced by changes in the dividend policies of, and the capital resources available at, the companies in which the fund invests. The value of investments in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund's portfolio holdings. You can lose money by investing in the fund.
Top industry sectors as of 04/30/20
| Financials | 18.63% |
|---|---|
| Health care | 17.81% |
| Industrials | 10.57% |
| Information technology | 10.26% |
| Consumer staples | 8.61% |
| Energy | 6.70% |
| Communication services | 6.07% |
| Consumer discretionary | 5.64% |
| Utilities | 5.40% |
| Other | 10.31% |
0
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 R | Class R5 | Class R6 | Class Y |
|---|---|---|---|---|---|---|---|
| Total expense ratio | 0.91% | 1.66% | 1.66% | 1.16% | 0.65% | 0.55% | 0.66% |
| What you pay | 0.91% | 1.66% | 1.66% | 1.16% | 0.65% | 0.55% | 0.66% |
Sales charge
| Investment Breakpoint | Class A | Class B | Class C | Class R | Class R5 | Class R6 | Class Y |
|---|---|---|---|---|---|---|---|
| $0-$49,999 | 5.75% | 0.00% | 0.00% | -- | -- | -- | -- |
| $50,000-$99,999 | 4.50% | 0.00% | 0.00% | -- | -- | -- | -- |
| $100,000-$249,999 | 3.50% | -- | 0.00% | -- | -- | -- | -- |
| $250,000-$499,999 | 2.50% | -- | 0.00% | -- | -- | -- | -- |
| $500,000-$999,999 | 2.00% | -- | 0.00% | -- | -- | -- | -- |
| $1M-$4M | 0.00% | -- | -- | -- | -- | -- | -- |
| $4M-$50M | 0.00% | -- | -- | -- | -- | -- | -- |
| $50M+ | 0.00% | -- | -- | -- | -- | -- | -- |
CDSC
| Class A (sales for $1,000,000+) | Class B | Class C | Class R | Class R5 | 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% | -- | -- | -- | -- |
The Russell 1000 Value Index is an unmanaged index of those companies in the large-cap Russell 1000 Index chosen for their value orientation. You cannot invest directly in an index.
Consider these risks before investing: Value stocks may fail to rebound, and the market may not favor value-style investing. Income provided by the fund may be reduced by changes in the dividend policies of, and the capital resources available at, the companies in which the fund invests. The value of investments in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund's portfolio holdings. You can lose money by investing in the fund.