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.
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 |
$11.81
-1.50% | $-0.18 |
$12.83
18/07/2023 |
$9.21
14/10/2022 |
Fund facts as of 31/08/2023
$35.75M
--
50
June
G7S002392 / WJ4
30/10/2020
Growth
Literature
Fund documents |
| Prospectus (PDF) |
| Fact Sheet (PDF) |
Performance
Total return (%) as of 30/06/2023
Annual performance as of 30/06/2023
Annualized Total return (%) as of 30/06/2023
| Annualized performance | 1 yr. | 3 yrs. | 5 yrs. | 10 yrs. |
|---|---|---|---|---|
| Before sales charge | 27.85% | 9.91% | 14.04% | 14.98% |
| Russell 1000 Growth Index | 27.11% | 13.73% | 15.14% | 15.74% |
Performance snapshot
| Before sales charge | ||
|---|---|---|
| 1 mt. as of 31/08/2023 | -0.63% | |
| YTD as of 26/09/2023 or prior close | 23.15% | |
Risk-adjusted performance as of 31/08/2023
| Alpha (3 yrs.) | -3.33 |
|---|---|
| Sharpe ratio (3 yrs.) | 0.16 |
| Treynor ratio (3 yrs.) | 3.30 |
| Information ratio (3 yrs.) | -1.35 |
Volatility as of 31/08/2023
| Standard deviation (3 yrs.) | 20.46% |
|---|---|
| Beta | 0.99 |
| R-squared | 0.99 |
Capture ratio as of 31/08/2023
| Up-market (3 yrs.) | 94.44 |
|---|---|
| Down-market (3 yrs.) | 104.83 |
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 | 9.46% |
|---|---|
| Microsoft Corp | 9.07% |
| Nvidia Corp | 6.61% |
| Amazon.Com | 6.49% |
| Alphabet | 6.26% |
| Tesla | 3.20% |
| Meta Platforms | 3.16% |
| Broadcom | 3.11% |
| Visa | 2.64% |
| Mastercard | 2.64% |
| Top 10 holdings, percent of portfolio | 52.64% |
| Top 10 holdings as of 31/08/2023 | |
|---|---|
| Apple | |
| Microsoft Corp | |
| Nvidia Corp | |
| Amazon.Com | |
| Alphabet | |
| Tesla | |
| Meta Platforms | |
| Broadcom | |
| Visa | |
| Mastercard | |
| Holdings represent 52.64% of portfolio | |
| Top 10 holdings as of 31/07/2023 | |
|---|---|
| Apple | |
| Microsoft Corp | |
| Nvidia Corp | |
| Alphabet | |
| Amazon.Com | |
| Meta Platforms | |
| Tesla | |
| Broadcom | |
| UnitedHealth Group | |
| Visa | |
| Holdings represent 51.71% of portfolio | |
| Top 10 holdings as of 30/06/2023 | |
|---|---|
| Apple | |
| Microsoft Corp | |
| Nvidia Corp | |
| Alphabet | |
| Amazon.Com | |
| Tesla | |
| UnitedHealth Group | |
| Mastercard | |
| Broadcom | |
| Meta Platforms | |
| Holdings represent 51.06% of portfolio | |
| Top 10 holdings as of 31/05/2023 | |
|---|---|
| Apple | |
| Microsoft Corp | |
| Alphabet | |
| Nvidia Corp | |
| Amazon.Com | |
| UnitedHealth Group | |
| Mastercard | |
| Broadcom | |
| Tesla | |
| Visa | |
| Holdings represent 50.30% of portfolio | |
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 31/08/2023
| Common stock | 96.79% |
|---|---|
| Cash and net other assets | 3.21% |
Equity statistics as of 31/08/2023
| Median market cap | $139.76B |
|---|---|
| Weighted average market cap | $976.50B |
| Price to book | 11.98 |
| Price to earnings | 29.05 |
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.
Sector weightings as of 31/08/2023
| Information technology | 40.96% |
|---|---|
| Consumer discretionary | 17.56% |
| Communication services | 12.20% |
| Health care | 10.86% |
| Financials | 6.26% |
| Cash and net other assets | 3.21% |
| Industrials | 3.14% |
| Consumer staples | 2.53% |
| Real estate | 2.01% |
| Other | 1.27% |
0
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 | 2.05% | 1.09% | 1.11% |
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.