Global Sustainable Equity
Leadership focus
Invests in companies that have demonstrated leadership in key sustainability issues that are financially material to their business context
Active research process
Integrates relevant and forward-looking sustainability analysis with high-quality fundamental research to drive investment decisions
Integrated, experienced team
Managed by dedicated and experienced sustainable investing team embedded within Putnam’s equity research and quantitative/risk analysis groups
Strategy highlights
Inception date
April 30, 2021
Benchmark
MSCI World Index (ND)
Total strategy assets†
$658.0M
(as of September 2024)
Investment vehicles
- Separate account
No assurance can be given that the investment objective will be achieved or that an investor will receive a return of all or part of his or her initial investment. Actual results could be materially different from the stated goals. Investors should carefully consider the risks involved before deciding to invest. As with any investment, there is a potential for profit as well as the possibility of loss.
†Assets may include accounts that are not reflected in the composite.
Investment team
Performance
Annualized composite performance (%) as of September 30, 2024
| MTD | QTD | YTD | 1 Year | 3 Years | Since Inception | |
|---|---|---|---|---|---|---|
| Global Sustainable Equity (gross) | 2.07% | 6.11% | 25.19% | 41.93% | 7.86% | 7.99% |
| Global Sustainable Equity (net) | 2.02% | 5.96% | 24.67% | 41.14% | 7.26% | 7.39% |
| MSCI World Index (ND) | 1.83% | 6.36% | 18.86% | 32.43% | 9.08% | 8.85% |
Calendar-year composite performance (%) as of September 30, 2024
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Global Sustainable Equity (gross) | 23.73% | -21.39% | -- | -- | -- | -- | -- | -- | -- | -- |
| Global Sustainable Equity (net) | 23.05% | -21.83% | -- | -- | -- | -- | -- | -- | -- | -- |
| MSCI World Index (ND) | 23.79% | -18.14% | -- | -- | -- | -- | -- | -- | -- | -- |
Past performance is not a guarantee of future results. An investment in this strategy could lose value. Most recent month-end performance is preliminary. Returns are subject to change.
Periods less than one year are not annualized. Performance is stated in U.S. dollars and includes the reinvestment of dividends and interest.
Literature
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Important disclosures
The MSCI World Index is a market capitalization weighted index composed of companies representative of the market structure of 23 developed market countries in North America, Europe, and the Asia/Pacific Region. The MSCI World Index is calculated with net dividends reinvested. The results of the MSCI World Index for all periods shown are net of foreign withholding taxes, assuming the tax rate for a Luxembourg entity under the applicable tax treaties is in effect during that period.
The Putnam Investments Global Sustainable Equity Composite (the "Composite") seeks above-average total returns relative to its agreed benchmark, the MSCI World Index through an actively managed, broadly diversified global equity portfolio. Putnam Investments seeks to utilize a bottom-up approach with integrated risk management tools. The approach focuses on country and sector diversification, and security selection focused on identifying companies with strong fundamentals, reasonable valuations, and attractive sustainability characteristics. Derivatives may be used for non-speculative, risk management purposes, including investing indirectly in securities of financial markets and gaining exposure to currencies. The Composite comprises all fully discretionary accounts managed by Putnam in this primarily global equity investment style with a focus on financially material sustainability issues. The Composite inception date was April 30, 2021. The Composite creation date was May 18, 2021.
Gross performance includes the deduction of transaction costs but does not include the deduction of management fees and other expenses that may be incurred in managing an investment account. A portfolio's return will be reduced by advisory and other fees. Net performance reflects the deduction of a model fee applied on a monthly basis, equal to the actual management fee incurred by a portfolio in the Composite or the highest management fee that would be charged to a prospect of the strategy, whichever is higher. The model fee may change over time. Actual advisory fees may vary among clients with the same investment strategy. The Composite includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the Composite's investment strategy. Benchmarks are generally taken from published sources and may have different calculation methodologies, pricing times, and/or foreign-exchange sources from the Composite. The effect of those differences is generally deemed to be immaterial. The securities holdings of the Composite strategy may differ materially from those of the index used for comparative purposes.