Investors Fund (Class A)  (PINVX)

Seeking great companies for investors since 1925

Highlights

Objective

The fund seeks long-term growth of capital and any increased income that results from this growth.

Strategy and process

  • Style flexibility: The fund invests in stocks of large U.S. companies 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 $29.18
-0.61% | $-0.18
$30.73
01/26/18
$25.06
06/27/17
Historical fund price

Fund facts as of 05/31/18

Total net assets
$2,050.82M
Turnover (fiscal year end)
52%
Dividend frequency
Annually
Number of holdings
140
Fiscal year-end
July
CUSIP / Fund code
746809102 / 0001
Inception date
12/01/25
Category
Blend
Closed to new investors
Ticker
PINVX

Management team

Portfolio Manager
Portfolio Manager, Analyst



Performance

Consistency of positive performance over five years

Performance represents 5-year returns in rolling quarter-end periods since inception.

Performance shown above does not reflect the effects of any sales charges. Note that returns of 0.00% are counted as positive periods. For complete fund performance, please see below.

31.69%

Best 5-year annualized return

(for period ending 12/31/99)


-20.71%

Worst 5-year annualized return

(for period ending 09/30/34)


9.36%

Average 5-year annualized return


  • 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. 10 yrs.
Before sales charge 15.46% 9.69% 13.09% 9.59%
After sales charge 8.82% 7.55% 11.76% 8.94%
S&P 500 Index 13.99% 10.78% 13.31% 9.49%

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 (2.25% and 0.75% for Putnam Short Duration Bond Fund and 1.00% and 0.75% for Putnam Floating Rate Income 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 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, 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 05/31/18 2.01 % -3.85 %
YTD as of 06/20/18 3.65 % -2.31 %

Risk-adjusted performance as of 05/31/18

Alpha (3 yrs.) -1.84
Sharpe ratio (3 yrs.) 0.84
Treynor ratio (3 yrs.) 8.67
Information ratio (3 yrs.) -0.55

Volatility as of 05/31/18

Standard deviation (3 yrs.) 10.95%
Beta 1.06
R-squared 0.96

Capture ratio as of 05/31/18

Up-market (3 yrs.) 100.00
Down-market (3 yrs.) 113.52

Lipper rankings as of 05/31/18

Large-Cap Core Funds Percentile ranking Rank/Funds in category
1 yr. 14% 103/777
3 yrs. 43% 288/670
5 yrs. 25% 148/609
10 yrs. 27% 123/464

Morningstar ratings as of 05/31/18

Large Blend Rating Funds in category
Overall (1156)
3 yrs. (1156)
5 yrs. (1033)
10 yrs. (768)

Distributions

Record/Ex dividend date 06/20/18
Payable date 06/22/18
Income $0.256
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


Top Industry Sectors as of 05/31/18

Information technology 26.15%
Financials 17.46%
Consumer discretionary 13.48%
Health care 11.69%
Industrials 8.17%
Energy 7.43%
Consumer staples 4.95%
Materials 2.94%
Utilities 2.27%
 
Other
5.46%
Cash and net other assets 2.03%
Real estate 1.93%
Telecommunication services 1.50%

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

Sectors will vary over time.

Top 10 holdings as of 05/31/18

Microsoft Corp 5.04%
Apple 4.54%
JPMorgan Chase 3.19%
Alphabet 2.93%
Bank Of America Corp 2.27%
Cisco Systems 2.00%
Amazon.Com 1.84%
Facebook 1.77%
Boeing The 1.68%
Citigroup 1.65%
Top 10 holdings, percent of portfolio 26.91%

Full portfolio holdings as of 03/31/18

MICROSOFT CORP 4.67%
APPLE INC 4.09%
JPMORGAN CHASE & CO 3.30%
BANK OF AMERICA CORP 2.36%
CISCO SYSTEMS INC 2.02%
ALPHABET INC-CL C 1.81%
CITIGROUP INC 1.67%
GOLDMAN SACHS GROUP INC 1.67%
AMAZON.COM INC 1.64%
BOEING CO/THE 1.58%
JOHNSON & JOHNSON 1.55%
WALMART INC 1.49%
FACEBOOK INC-A 1.48%
AMGEN INC 1.28%
MORGAN STANLEY 1.22%
HOME DEPOT INC 1.21%
COMCAST CORP-CLASS A 1.20%
CATERPILLAR INC 1.15%
ROYAL DUTCH SHELL-SPON ADR-A 1.14%
INTEL CORP 1.12%
AT&T INC 1.10%
BECTON DICKINSON AND CO 1.07%
PFIZER INC 1.04%
CONOCOPHILLIPS 0.99%
ALPHABET INC-CL A 0.98%
APPLIED MATERIALS INC 0.97%
LAM RESEARCH CORP 0.97%
PEPSICO INC 0.96%
VISA INC-CLASS A SHARES 0.92%
WALT DISNEY CO/THE 0.91%
BAXTER INTERNATIONAL INC 0.86%
MASTERCARD INC - A 0.83%
GILEAD SCIENCES INC 0.82%
DOWDUPONT INC 0.80%
ORACLE CORP 0.80%
CAPITAL ONE FINANCIAL CORP 0.76%
TEXAS INSTRUMENTS INC 0.75%
UNITED RENTALS INC 0.75%
BEST BUY CO INC 0.73%
LOWES COMPANIES INC 0.73%
ABBVIE INC 0.72%
FREEPORT-MCMORAN INC 0.72%
PULTEGROUP INC 0.72%
AMERIPRISE FINANCIAL INC 0.71%
CF INDUSTRIES HOLDINGS INC 0.70%
SOUTHWEST AIRLINES CO 0.70%
ANTHEM INC 0.67%
BIOGEN INC 0.67%
LEAR CORP 0.66%
BERKSHIRE HATHAWAY INC-CL B 0.65%
HUMANA INC 0.65%
STATE STREET CORP 0.65%
INTL BUSINESS MACHINES CORP 0.64%
EXXON MOBIL CORP 0.63%
VALERO ENERGY CORP 0.63%
EMERSON ELECTRIC CO 0.62%
FEDEX CORP 0.62%
TOTAL SA-SPON ADR 0.62%
WYNDHAM WORLDWIDE CORP 0.62%
DXC TECHNOLOGY CO 0.61%
HCA HEALTHCARE INC 0.61%
NORFOLK SOUTHERN CORP 0.60%
TARGET CORP 0.60%
EXELON CORP 0.59%
ENTERGY CORP 0.58%
LAS VEGAS SANDS CORP 0.58%
CVS HEALTH CORP 0.57%
HP INC 0.57%
MCKESSON CORP 0.57%
NRG ENERGY INC 0.57%
DEERE & CO 0.56%
LINCOLN NATIONAL CORP 0.56%
WASTE MANAGEMENT INC 0.55%
EASTERLY GOVERNMENT PROPERTI 0.54%
GENERAL MOTORS CO 0.54%
LIVE NATION ENTERTAINMENT IN 0.54%
JAZZ PHARMACEUTICALS PLC 0.53%
SUNTRUST BANKS INC 0.52%
KROGER CO 0.51%
COSTCO WHOLESALE CORP 0.50%
ENTERPRISE PRODUCTS PARTNERS 0.50%
ARCHER-DANIELS-MIDLAND CO 0.49%
ADOBE SYSTEMS INC 0.47%
ALCOA CORP 0.47%
DELIVERY HERO AG 0.47%
WALGREENS BOOTS ALLIANCE INC 0.47%
CBRE GROUP INC - A 0.46%
KKR & CO LP 0.46%
VERIZON COMMUNICATIONS INC 0.46%
CIGNA CORP 0.45%
HANESBRANDS INC 0.45%
PIRELLI & C SPA 0.45%
PROCTER & GAMBLE CO/THE 0.45%
SUNCOR ENERGY INC 0.45%
ASSURED GUARANTY LTD 0.44%
FGL HLDGS ORD SHS RESTRICTED 0.44%
MANPOWERGROUP INC 0.43%
ARMADA HOFFLER PROPERTIES IN 0.42%
MCCORMICK & CO-NON VTG SHRS 0.42%
FIRSTENERGY CORP 0.41%
AMERICAN INTERNATIONAL GROUP 0.40%
BOARDWALK PIPELINE PARTNERS 0.39%
DELL TECHNOLOGIES INC-CL V 0.39%
MARATHON OIL CORP 0.38%
EASTERLY ACQUISITION CORP 0.37%
GAP INC/THE 0.37%
TPG PACE HOLDINGS CORP 0.35%
CHILDREN'S PLACE INC/THE 0.33%
PENN NATIONAL GAMING INC 0.33%
EBAY INC 0.32%
GENERAL DYNAMICS CORP 0.32%
COCA-COLA CO/THE 0.31%
INVESCO LTD 0.30%
KIMBERLY-CLARK CORP 0.30%
BANK OF NEW YORK MELLON CORP 0.28%
KRAFT HEINZ CO/THE 0.27%
MOLSON COORS BREWING CO -B 0.27%
J2 ACQUISITION LTD 0.26%
DELTA AIR LINES INC 0.25%
ENCANA CORP 0.25%
HYATT HOTELS CORP - CL A 0.25%
KENNEDY-WILSON HOLDINGS INC 0.25%
OWENS CORNING 0.25%
PLAYA HOTELS & RESORTS NV 0.25%
AMERICAN TOWER CORP 0.24%
FEDERAL STREET ACQUISITION 0.24%
LYONDELLBASELL INDU-CL A 0.21%
PLAINS GP HOLDINGS LP-CL A 0.20%
ALIGNVEST ACQUISITION II C-A 0.19%
PRUDENTIAL FINANCIAL INC 0.19%
BECTON DICKINSON AND CO 06.1250 CV PFD 0.18%
KIMBELL ROYALTY PARTNERS LP 0.18%
CAPITOL INVESTMENT CORP IV 0.15%
HAYMAKER ACQUISITION CORP 0.14%
GORES HOLDINGS II INC 0.12%
WYNN RESORTS LTD 0.10%
SELECT ENERGY SVCS-A-1 0.06%
EASTERLY ACQ CORP - CW20 0.02%
GLOBAL FASHION GRP P/P 0.02%
ALIGNVEST ACQUISITION - CW 0.01%
CISION LTD - CW22 0.01%
J2 ACQUISITION LTD-CW20 0.01%
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 05/31/18
Microsoft Corp
Apple
JPMorgan Chase
Alphabet
Bank Of America Corp
Cisco Systems
Amazon.Com
Facebook
Boeing The
Citigroup
Holdings represent 26.91% of portfolio
Top 10 holdings as of 04/30/18
Microsoft Corp
Apple
JPMorgan Chase
Alphabet
Bank Of America Corp
Cisco Systems
Amazon.Com
Citigroup
Boeing The
Facebook
Holdings represent 26.08% of portfolio
Top 10 holdings as of 03/31/18
Microsoft Corp
Apple
JPMorgan Chase
Alphabet
Bank Of America Corp
Cisco Systems
Citigroup
Goldman Sachs Group The
Amazon.Com
Boeing The
Holdings represent 25.79% of portfolio
Top 10 holdings as of 02/28/18
Microsoft Corp
Apple
JPMorgan Chase
Alphabet
Bank Of America Corp
Cisco Systems
Citigroup
Goldman Sachs Group The
Amazon.Com
Boeing The
Holdings represent 26.12% of portfolio

Portfolio composition as of 05/31/18

Common stock 97.80%
Cash and net other assets 2.02%
Convertible preferred stock 0.18%

Equity statistics as of 05/31/18

Median market cap $38.10B
Weighted average market cap $224.93B
Price to book 2.81
Price to earnings 14.32

Fund characteristics will vary over time.

Due to rounding, percentages may not equal 100%.

Consider these risks before investing: 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 company or industry. You can lose money by investing in the fund.


Expenses

Expense ratio

Class A Class B Class C Class M Class R Class R6 Class Y
Total expense ratio 1.04% 1.79% 1.79% 1.54% 1.29% 0.65% 0.79%
What you pay 1.04% 1.79% 1.79% 1.54% 1.29% 0.65% 0.79%

Sales charge

Investment Breakpoint Class A Class B Class C Class M Class R Class R6 Class Y
$0-$49,999 5.75% 0.00% 0.00% 3.50% -- -- --
$50,000-$99,999 4.50% 0.00% 0.00% 2.50% -- -- --
$100,000-$249,999 3.50% -- 0.00% 1.50% -- -- --
$250,000-$499,999 2.50% -- 0.00% 1.00% -- -- --
$500,000-$999,999 2.00% -- 0.00% 1.00% -- -- --
$1M-$4M 0.00% -- -- -- -- -- --
$4M-$50M 0.00% -- -- -- -- -- --
$50M+ 0.00% -- -- -- -- -- --

CDSC

  Class A (sales for $1,000,000+) Class B Class C Class 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% -- -- -- --

The S&P 500 Index is an unmanaged index of common stock performance. You cannot invest directly in an index.

Consider these risks before investing: 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 company or industry. You can lose money by investing in the fund.