U.S. Large Cap Value Equity

 The strategy seeks to invest in companies with underappreciated fundamentals and the income potential from growing dividends to pursue returns for investors.*

Strategy highlights

Inception date

December 31, 1992

Benchmark

Russell 1000 Value Index

Total strategy assets

$27.5B

(as of April 2022)

Investment vehicles

  • Separate account
  • A disciplined process that combines fundamental research and quantitative tools to pursue multiple alpha sources, with a strong overlay of risk control and portfolio construction
  • A focus on companies' ability and willingness to return capital to shareholders
  • Veteran managers whose experience with both U.S. and non-U.S. value strategies provides critical global insight for analyzing the large-cap value equity universe

*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 April 30, 2022

  MTD QTD YTD 1 Year 3 Years 5 Years 10 Years
U.S. Large Cap Value Equity (gross) -4.67% -4.67% -4.13% 6.25% 13.61% 12.69% 13.35%
U.S. Large Cap Value Equity (net) -4.73% -4.73% -4.35% 5.50% 12.81% 11.90% 12.56%
Russell 1000 Value Index -5.64% -5.64% -6.34% 1.32% 9.58% 9.06% 11.17%

Calendar-year composite performance (%) as of April 30, 2022

  2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
U.S. Large Cap Value Equity (gross) 27.93% 6.79% 31.15% -7.54% 19.81% 14.65% -2.26% 13.57% 33.00% 20.27%
U.S. Large Cap Value Equity (net) 27.03% 6.03% 30.23% -8.18% 18.97% 13.84% -2.94% 12.78% 32.07% 19.43%
Russell 1000 Value Index 25.16% 2.80% 26.54% -8.27% 13.66% 17.34% -3.83% 13.45% 32.53% 17.51%

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

Related topics

Equity Insights

Strategy

Strategy profile

Important disclosures

 

The Putnam Investments U.S. Large Cap Value Equity Composite (the "Composite") seeks to outperform the market over time by employing a value-oriented approach to identify potential opportunities for revaluation or fundamental improvement. The strategy uses a disciplined process that combines fundamental research and quantitative tools to pursue multiple alpha sources, with a strong overlay of risk control in portfolio construction. Leverage is not utilized in any account in this Composite, however, derivatives (including futures, exchange-traded or OTC options, and swaps) may be used in some portfolios for hedging or non-hedging purposes. The Composite's benchmark is the Russell 1000 Value Index.  The Composite includes all fully discretionary accounts managed by Putnam Investments in this concentrated investment style. The Composite inception date was December 31, 1992. The Composite creation date was October 2, 2002.

 

 

The Russell 1000® Value Index is an unmanaged index of those companies in the large-cap Russell 1000® Index chosen for their value 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.