U.S. Large Cap Growth Equity
January 31, 2009
Russell 1000 Growth Index
Total strategy assets†
(as of August 2021)
- 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 August 31, 2021
|MTD||QTD||YTD||1 Year||3 Years||5 Years||10 Years|
|U.S. Large Cap Growth Equity (gross)||3.96%||7.22%||20.23%||24.25%||26.16%||26.29%||20.70%|
|U.S. Large Cap Growth Equity (net)||3.90%||7.09%||19.66%||23.38%||25.27%||25.40%||19.85%|
|Russell 1000 Growth Index||3.74%||7.16%||21.08%||28.53%||24.60%||24.35%||19.45%|
Calendar-year composite performance (%) as of August 31, 2021
|U.S. Large Cap Growth Equity (gross)||39.79%||37.94%||3.13%||32.13%||7.50%||2.11%||14.61%||37.72%||18.81%||-2.41%|
|U.S. Large Cap Growth Equity (net)||38.81%||36.97%||2.41%||31.20%||6.74%||1.39%||13.81%||36.76%||17.97%||-3.09%|
|Russell 1000 Growth Index||38.49%||36.39%||-1.51%||30.21%||7.08%||5.67%||13.05%||33.48%||15.26%||2.64%|
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.
The Putnam Investments U.S. Large Cap Growth Equity Composite (the "Composite") targets above-average growth by investing in large cap companies whose earnings and cash-flow trajectories indicate potential growth opportunities. The strategy focuses on large U.S. companies with above-average growth potential and employs a thematic approach to identify potential secular winners with large addressable markets. Research combines investment themes with bottom-up security selection (health care inflation and demographics/e-commerce and payment processing). 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 managed by Putnam Investments in this investment style. 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.
Composites may include portfolios with certain existing investment restrictions that the Firm believes do not materially impact the 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 may differ materially from those of the index used for comparative purposes. Composites and benchmarks include the reinvestment of dividends and other earnings. Indexes are unmanaged and do not incur expenses. You cannot invest directly in an index. Gross-of-fee returns do 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-of-fee returns are calculated using a model fee. For the applicable time periods, net-of-fees returns reflect either the deduction of the highest management fee that is paid by a portfolio in the Composite during the performance period, applied on a monthly basis, or the deduction of the highest applicable management fee in effect during the performance period that would be charged based on the fee schedule appropriate to this mandate, without the benefit of breakpoints, applied on a monthly basis, whichever is higher. Net-of-fee calculation methodology may change over time. Actual investment advisory fees incurred by clients are typically negotiated on an individual basis and may vary depending upon, among other things, the applicable fee schedule and portfolio size. Our standard fee schedules are available upon request.