Sustainable Future

The strategy seeks long-term capital appreciation by investing in companies that offer potential solutions to essential sustainability challenges.*

Strategy highlights

Inception date

November 30, 2017

Benchmark

Russell Midcap Growth Index

Total strategy assets

$427.3M

(as of May 2022)

Investment vehicles

  • Separate account
  • The strategy invests in companies we believe have strong fundamentals that offer potential solutions to key sustainability challenges.
  • A framework grounded in fundamental research and focused on impact-oriented sustainability solutions drives investment decisions.
  • An experienced, dedicated sustainable investing team is integrated with Putnam's equity research and quantitative/risk analysis groups.

 

*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 May 31, 2022

  MTD QTD YTD 1 Year 3 Years Since Inception
Sustainable Future (gross) -3.54% -15.06% -27.55% -26.52% 10.32% 10.41%
Sustainable Future (net) -3.59% -15.14% -27.71% -26.92% 9.71% 9.81%
Russell Midcap Growth Index -3.87% -14.69% -25.43% -18.71% 9.44% 9.08%

Calendar-year composite performance (%) as of May 31, 2022

  2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Sustainable Future (gross) 6.88% 54.35% 31.21% 0.23% -- -- -- -- -- --
Sustainable Future (net) 6.29% 53.50% 30.48% -0.32% -- -- -- -- -- --
Russell Midcap Growth Index 12.73% 35.59% 35.47% -4.75% -- -- -- -- -- --

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

Important disclosures

The Putnam Investments Sustainable Future Composite (the "Composite"') long-term capital appreciation by investing in companies with the potential to produce strong financial returns and positive environmental and social outcomes. The strategy invests in growth companies that directly demonstrate positive impact in social, environmental, or economic development. It utilizes bottom-up fundamental research, including assessment of valuation and sustainability factors when selecting investments for the portfolio. The composite's benchmark is the Russell Midcap Growth Index. Accounts in the composite may invest in private placements and may use derivatives, such as futures, options and swaps, for both hedging and non-hedging purposes. The Composite comprises all fully discretionary accounts managed by Putnam Investments in this investment style. The Composite inception date was November 30, 2017. The Composite creation date was December 13, 2017.

Composition of Composite: The Putnam Investments Sustainable Future Composite (the "Composite"') seeks to provide long-term capital appreciation by investing mainly in U.S. equity securities of companies whose products and services provide solutions that directly contribute to sustainable social, environmental, and economic development. It utilizes bottom-up fundamental research, including assessment of valuation and sustainability factors when selecting investments for the portfolio. The Composite's benchmark is the Russell Midcap Growth Index. Accounts in the Composite may invest in private placements and may use derivatives, such as futures, options, and swaps, for both hedging and non-hedging purposes. The Composite comprises all fully discretionary accounts managed by Putnam Investments in this investment style. The Composite creation date was December 13, 2017.

The Russell Midcap Growth Index measures the performance of those Russell Midcap companies with higher price/book ratios and higher forecasted growth values. The stocks are also members of the Russell 1000® Growth Index.

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.