U.S. Small Cap Growth Equity
January 31, 2000
Russell 2000 Growth Index
Total strategy assets†
(as of December 2021)
- Separate account
- The strategy seeks to build a portfolio that offers above-average growth with a focus on quality and stability
- We look for mispriced growth in three main areas of the market: high-quality growth, emerging growth, and cyclical growth
- Portfolio manager with over 20 years of investment experience leverages extensive resources across the Putnam Equity Research team
*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 December 31, 2021
|MTD||QTD||1 Year||3 Years||5 Years||10 Years|
|U.S. Small Cap Growth Equity (gross)||2.06%||3.39%||15.48%||33.98%||23.65%||18.67%|
|U.S. Small Cap Growth Equity (net)||1.99%||3.18%||14.55%||32.91%||22.65%||17.63%|
|Russell 2000 Growth Index||0.44%||0.01%||2.83%||21.17%||14.53%||14.14%|
Calendar-year composite performance (%) as of December 31, 2021
|U.S. Small Cap Growth Equity (gross)||15.48%||49.49%||39.32%||-1.26%||21.69%||9.54%||-1.95%||3.21%||49.43%||15.69%|
|U.S. Small Cap Growth Equity (net)||14.55%||48.29%||38.21%||-2.05%||20.72%||8.66%||-2.90%||2.18%||47.93%||14.56%|
|Russell 2000 Growth Index||2.83%||34.63%||28.48%||-9.31%||22.17%||11.32%||-1.38%||5.60%||43.30%||14.59%|
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. Small Cap Growth Equity Composite (the "Composite") strategy seeks to outperform the Russell 2000 Growth index over a full market cycle by investing mainly in common stock of small U.S. companies. The strategy seeks to build a portfolio that offers above-average growth with a focus on quality and stability. The Composite's benchmark is the Russell 2000 Growth Index. Derivatives, including futures, options, warrants, and swaps, may be used for hedging or non-hedging purposes. The Composite comprises all fully discretionary accounts, including carve-out assets, managed by Putnam Investments in this investment style. 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, 2000. The Composite creation date was October 18, 2000. Effective March 31, 2017, there was a portfolio manager change for this strategy.
The Russell 2000 Growth Index measures the performance of those Russell 2000 companies with higher price-to-book ratios and higher forecasted growth values.
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.