Active Equities

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

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 potentialThe fund invests in large U.S. companies, targeting those with a competitive edge and whose earnings and cash flows indicate potential growth opportunities.
  • A thematic approachThe manager combines top-down investment themes with bottom-up security selection.
  • Rigorous analysisBacked by fundamental research, the manager seeks to take advantage of market opportunities and variant views.

Fund price

Prior close 52-week high 52-week low
Net asset value $9.81
1.98% | $0.19
$14.11
19/11/2021
$9.38
16/06/2022
(Optional)

Fund facts as of 31/08/2022

Total net assets
$29.94M
Dividend frequency
--
Number of holdings
53
Fiscal year-end
June
CUSIP / Fund code
G7S002392 / WJ4
Inception date
30/10/2020
Category
Growth
Open to new investors

Management team

Portfolio Manager
Portfolio Manager


Literature

Fund documents

Prospectus (PDF)
Fact Sheet (PDF)

Performance

  • Total return (%) as of 30/06/2022

  • Annual performance as of 30/06/2022

Annualized Total return (%) as of 30/06/2022

Annualized performance 1 yr. 3 yrs. 5 yrs. 10 yrs.
Before sales charge -22.78% 9.36% 13.35% 14.24%
Russell 1000 Growth Index -18.77%12.58%14.29%14.80%

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. Returns shown for Class I Units for the years prior to inception are derived from the historical performance of Class A Units adjusted to reflect the lower operating expenses applicable to such Units. 

Performance snapshot

  Before sales charge
1 mt. as of 31/08/2022 -5.02%
YTD as of 28/09/2022 -29.02%

Risk-adjusted performance as of 31/08/2022

Alpha (3 yrs.) -2.92
Sharpe ratio (3 yrs.) 0.50
Treynor ratio (3 yrs.) 11.04
Information ratio (3 yrs.) -1.09

Volatility as of 31/08/2022

Standard deviation (3 yrs.) 21.74%
Beta 0.98
R-squared 0.98

Capture ratio as of 31/08/2022

Up-market (3 yrs.) 94.82
Down-market (3 yrs.) 103.44

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

Apple 9.70%
Microsoft Corp 9.45%
Amazon.Com 6.48%
Alphabet 6.39%
Tesla 3.81%
UnitedHealth Group 3.72%
Costco Wholesale Corp 2.85%
Mastercard 2.80%
Visa 2.64%
Palo Alto Networks 2.32%
Top 10 holdings, percent of portfolio 50.16%



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 31/08/2022

Common stock 97.44%
Cash and net other assets 2.56%

Equity statistics as of 31/08/2022

Median market cap $74.48B
Weighted average market cap $755.88B
Price to book 10.85
Price to earnings 28.09

Fund characteristics will vary over time.

Due to rounding, percentages may not equal 100%.

Consider these risks before investing: 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.

Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund.

Top industry sectors as of 31/08/2022

Information technology 38.37%
Consumer discretionary 17.60%
Health care 14.40%
Communication services 8.81%
Industrials 6.49%
Consumer staples 6.15%
Cash and net other assets 2.56%
Financials 2.42%
Real estate 2.10%
 
Other
1.10%
Materials 1.10%

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 Class I
Total expense ratio 1.81% 0.87% 0.87%

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.

Consider these risks before investing: 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.

Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund.