Companies showing responsibility
We actively look for companies that improve the world through positive environmental, social, and governance (ESG) practices.
Putnam's sustainable approach
We seek stocks that offer the greatest investment potential through a research process that integrates fundamental, valuation, and sustainability analysis. We look for companies that prepare for — and improve — the future.
How we view impact
As active investors, we measure the performance of companies on sustainability and ESG factors and how this connects with their financial results.
I want Putnam's "Sustainability and impact report"
Consider these risks before 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. Growth stocks may be more susceptible to earnings disappointments, technological obsolescence, and falling prices and profits, and the market may not favor growth-style investing. Investments in small and midsize companies increase the risk of greater price fluctuations. International investing involves currency, economic, and political risks. Emerging-market securities have illiquidity and volatility risks.
The fund’s sustainable and environmental, social, and/or corporate governance (ESG) investment strategy may cause the fund to forego otherwise attractive investment opportunities or may increase or decrease the fund’s exposure to certain types of companies and, therefore, to underperform funds that do not invest with a similar focus. 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. In evaluating an investment opportunity, we may make investment decisions based on information and data that is incomplete or inaccurate. Due to changes in the products or services of the companies in which the fund invests, the fund may temporarily hold securities that are inconsistent with its sustainable investment criteria. You can lose money by investing in the fund.
Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, contact your financial representative, call Putnam at 1-800-225-1581, or click on the prospectus section to view or download a prospectus. Please read the prospectus carefully before investing.
© 1998–2020, Putnam Investments. U.S.-registered mutual funds distributed by Putnam Retail Management
A Member of the Power Financial Corporation Group of Companies™