U.S. Large Cap Growth Equity
January 31, 2009
Russell 1000 Growth Index
Total strategy assets†
(as of March 2023)
- Separate account
- A focus on large U.S. companies with above-average growth potential
- Employs a thematic approach to identify potential secular winners with large addressable markets
- Combines investment themes with bottom-up security selection (health care inflation and demographics/e-commerce and payment processing)
*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.
Annualized composite performance (%) as of March 31, 2023
|MTD||QTD||YTD||1 Year||3 Years||5 Years||10 Years|
|U.S. Large Cap Growth Equity (gross)||7.41%||14.31%||14.31%||-11.82%||15.89%||13.87%||15.29%|
|U.S. Large Cap Growth Equity (net)||7.36%||14.15%||14.15%||-12.30%||15.25%||13.24%||14.61%|
|Russell 1000 Growth Index||6.84%||14.37%||14.37%||-10.90%||18.58%||13.66%||14.59%|
Calendar-year composite performance (%) as of March 31, 2023
|U.S. Large Cap Growth Equity (gross)||-29.72%||23.69%||39.77%||37.94%||3.13%||32.13%||7.50%||2.11%||14.61%||37.72%|
|U.S. Large Cap Growth Equity (net)||-30.11%||23.01%||39.00%||37.18%||2.56%||31.40%||6.91%||1.44%||13.81%||36.76%|
|Russell 1000 Growth Index||-29.14%||27.60%||38.49%||36.39%||-1.51%||30.21%||7.08%||5.67%||13.05%||33.48%|
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.
|Investing in durable growth themes|
The Putnam Investments U.S. Large Cap Growth Equity Composite (the "Composite") seeks above-average growth by investing in large U.S. companies that we believe exhibit both a high level of growth and an above-average duration of growth. The Composite strategy employs a thematic approach to identify durable growth companies and combines top-down investment themes with bottom-up research to select securities that can potentially benefit from growth trends. Leverage is not utilized in any account in this Composite; however, derivatives (including futures, warrants, swaps and options) may be used in some portfolios for hedging and non-hedging purposes. The Composite’s benchmark is the Russell 1000 Growth Index. The Composite comprises all fully discretionary accounts, including carve-outs, managed by Putnam Investments in this investment style. The Composite includes portfolios with different currencies that have been converted. Carve-out assets included in the Composite are managed separately with their own cash. A “carve-out” is a portion of a portfolio that is by itself representative of a distinct investment strategy. It is used to create a track record for a narrower mandate from a multiple-strategy portfolio managed to a broader mandate. The Composite inception date was January 31, 2009. The Composite creation date was March 19, 2010. Effective January 17, 2018, there was a portfolio manager change for this strategy.
The Russell 1000 Growth Index is an unmanaged index of those companies in the large-cap Russell 1000 Index chosen for their growth orientation.
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.