Active Equities

Putnam U.S. Large Cap Growth Fund (Class E)

Seeking to harness the growth potential of large U.S. companies

Highlights

Objective

The fund seeks capital appreciation.

Strategy and process

  • Targets above-average growth potential: The fund invests in large US companies, targeting those with a competitive edge and whose earnings and cash flows indicate potential growth opportunities.
  • A thematic approach: The manager combines top-down investment themes with bottom-up security selection.
  • Rigorous analysis: Backed by fundamental research, the manager seeks to take advantage of market opportunities and variant views.

Fund price

Yesterday’s close 52-week high 52-week low
Net asset value €16.88
0.48% | €0.08
€16.93
27/11/2019
€12.18
24/12/2018
Historical fund price

Fund facts as of 30/11/2019

Total net assets
$77.22M
Dividend frequency
--
Number of holdings
57
Fiscal year-end
June
CUSIP / Fund code
-- / QP9
Inception date
03/12/2015
Category
Growth
Open to new investors

Management team

Portfolio Manager


Literature

Fund documents

Prospectus (PDF)
Fact Sheet (PDF)

Performance

  • Total return (%) as of 30/09/2019

  • Annual performance as of 30/09/2019

Annualized Total return (%) as of 30/09/2019

Annualized performance 1 yr. 3 yrs. 5 yrs. Life (inception: 03/12/2015 )
Before sales charge 3.09% 15.51% -- 13.14%
Russell 1000 Growth Index 3.71%16.89%13.39%--

Data is historical. Past performance is not a guarantee of future results. More recent returns may be more or less than those shown. Investment return and principal value will fluctuate, and you may have a gain or a loss when you sell your units. Performance assumes reinvestment of distributions at net asset value (NAV) and reflects fund operating expenses such as management fees but does not account for any taxes or sales charges. The payment of any sales charges will reduce performance. Performance for each class of Units is denominated in the currency of the respective class. 

Performance snapshot

  Before sales charge
1 mt. as of 30/11/2019 3.18%
YTD -

Risk-adjusted performance as of 31/10/2019

Alpha (3 yrs.) 1.91
Sharpe ratio (3 yrs.) 1.23
Treynor ratio (3 yrs.) 19.00
Information ratio (3 yrs.) -0.14

Volatility as of 31/10/2019

Standard deviation (3 yrs.) 12.77%
Beta 0.83
R-squared 0.72

Capture ratio as of 31/10/2019

Up-market (3 yrs.) 90.38
Down-market (3 yrs.) 83.15

The up-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has risen. The ratio is calculated by dividing the manager’s returns by the returns of the index during the up-market, and multiplying that factor by 100. The down-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has dropped. The ratio is calculated by dividing the manager’s returns by the returns of the index during the down-market and multiplying that factor by 100.


Holdings

Microsoft Corp 9.55%
Apple 7.06%
Amazon.Com 5.89%
Alphabet 4.78%
Visa 4.11%
Paypal Holdings 2.99%
Mastercard 2.83%
Salesforce.Com 2.64%
Home Depot 2.56%
Danaher Corp 2.23%
Top 10 holdings, percent of portfolio 44.64%



Unitholders may obtain more recent information about certain Funds' portfolio holdings from time to time by contacting the Manager. Portfolio holdings information will only be provided for legitimate purposes as determined by the Manager, and will be subject to a reasonable delay intended to protect the Funds.

Portfolio composition as of 31/10/2019

Common stock 97.74%
Cash and net other assets 2.26%

Equity statistics as of 31/10/2019

Median market cap $67.27B
Weighted average market cap $374.54B
Price to book 8.11
Price to earnings 27.12

Fund characteristics will vary over time.

Due to rounding, percentages may not equal 100%.

Risks: Growth stocks may be more susceptible to earnings disappointments, and the market may not favor growth-style investing. The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. From time to time, the fund may invest a significant portion of its assets in companies in one or more related industries or sectors, which would make the fund more vulnerable to adverse developments affecting those industries or sectors. You can lose money by investing in the fund.

Top industry sectors as of 31/10/2019

Information technology 39.17%
Consumer discretionary 14.75%
Industrials 11.44%
Health care 11.39%
Communication services 10.98%
Materials 2.98%
Consumer staples 2.87%
Cash and net other assets 2.26%
Financials 2.15%
 
Other
2.01%
Real estate 2.01%

The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.

Sectors will vary over time.


Expenses

Expense ratio

Class A Class E
Total expense ratio 1.87% 0.92%

The Russell 1000 Growth Index is an unmanaged index of those companies in the large-cap Russell 1000 Index chosen for their growth orientation. You cannot invest directly in an index.

Risks: Growth stocks may be more susceptible to earnings disappointments, and the market may not favor growth-style investing. The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. From time to time, the fund may invest a significant portion of its assets in companies in one or more related industries or sectors, which would make the fund more vulnerable to adverse developments affecting those industries or sectors. You can lose money by investing in the fund.