Equity

We believe active fundamental research can identify key drivers of return that may not be fully reflected in a stock’s price, offering opportunities to potentially outperform market indexes over time.

Competitive advantages

Entrepreneurial approach generates independent and proactive thinking.
Collaborative culture promotes sharing ideas across portfolios, asset classes, and areas of sector expertise.
Diversity of professional experience brings a variety of perspectives to key questions.
Optimal organizational scale balances global presence with nimble decision-making.
Compensation incentive structure aligns portfolio manager performance goals with investor interests.

Equity capabilities

Putnam's equity capabilities include strategies based on style, geography, and risk. Dedicated portfolio managers and global equity analysts perform bottom-up fundamental research to evaluate key drivers of return and to identify what we believe are the best investment opportunities. Sophisticated risk management tools are used to construct portfolios to meet specific risk parameters.

Strategy	Category	Inception date	Benchmark
Emerging Markets Equity	Global/Non-U.S. Equities	July 31, 1997	MSCI Emerging Markets Index (ND)
Global Technology	Global/Non-U.S. Equities	January 31, 2009	MSCI ACWI Information Technology Index (ND)
Non U.S. Core Equity	Global/Non-U.S. Equities	December 31, 1986	MSCI EAFE Index (ND)
Non-U.S. Small Cap Equity	Global/Non-U.S. Equities	March 31, 2016	S&P Developed ex-U.S. SmallCap Index MSCI EAFE Small Cap Index
Non-U.S. Value Equity	Global/Non-U.S. Equities	August 31, 1996	MSCI EAFE Value Index (ND)
Sustainable Future	Sustainable Equities	November 30, 2017	Russell Midcap Growth Index
Sustainable Leaders	Sustainable Equities	March 31, 2018	S&P 500 Index
U.S. Large Cap Growth Equity	U.S. Large Cap Equities	January 31, 2009	Russell 1000 Growth Index
U.S. Large Cap Growth Equity Concentrated	U.S. Large Cap Equities	March 31, 2017	Russell 1000 Growth Index
U.S. Large Cap Value Equity	U.S. Large Cap Equities	December 31, 1992	Russell 1000 Value Index
U.S. Large Cap Value Equity Concentrated	U.S. Large Cap Equities	November 30, 2016	Russell 1000 Value Index
U.S. Small Cap Growth Equity	U.S. Small Cap Equities	January 31, 2000	Russell 2000 Growth Index
U.S. Small Cap Value Equity	U.S. Small Cap Equities	March 31, 1993	Russell 2000 Value Index