Putnam Investments is without doubt one of the oldest U.S. asset managers, identified for its mutual funds and retirement funding merchandise. Based in 1937 and primarily based in Boston, the agency has a historical past of managing a variety of fairness, fixed-income and multi-asset portfolios for particular person and institutional buyers. It has lengthy been a distinguished identify within the U.S. mutual fund trade.
In 2024, Franklin Assets, the dad or mum of Franklin Templeton, accomplished the acquisition of Putnam from Nice-West Lifeco. The deal strengthened Franklin Templeton’s asset-management platform whereas permitting Putnam to broaden its international distribution and funding capabilities below the brand new possession. Putnam at the moment manages round $162.3 billion in belongings as of December 2025.
Beneath, we share with you three top-ranked Putnam mutual funds, particularly Putnam U.S. Analysis PLJMX, Putnam Strategic Intermediate Municipal Fund PPNAX and Putnam Core Bond Fund PTREX. Every has earned a Zacks Mutual Fund Rank #1 (Robust Purchase) and is anticipated to outperform its friends sooner or later. Buyers can click on right here to see the whole listing of funds.
Putnam U.S. Analysis often invests the vast majority of its internet belongings, together with any funding borrowings, in fairness securities of U.S.-based firms. Any change to this coverage requires prior discover to shareholders.
Putnam U.S. Analysis has a three-year annualized return of twenty-two.9%. As of October 2025, PLJMX held 136 points, with 7.3% of its internet belongings invested in Microsoft.
Putnam Strategic Intermediate Municipal Fund primarily invests in bonds whose curiosity is exempt from federal revenue tax, although it could be topic to the federal different minimal tax, focusing primarily on tax-exempt securities below regular situations.
Putnam Strategic Intermediate Municipal Fund has three-year annualized returns of three.8%. PPNAX has an expense ratio of 0.9%.
Putnam Core Bond Fund primarily invests in a diversified portfolio of investment-grade fixed-income securities, together with authorities and company bonds with intermediate- to long-term maturities. PTREX could maintain some below-investment-grade securities however usually retains most belongings in bonds.
Putnam Core Bond Fund has a three-year annualized return of 4.7%. Andrew Benson has been the fund supervisor of PTREX since 2023.
To view the Zacks Rank and the previous efficiency of all Putnam mutual funds, buyers can click on right here to see the whole listing of Putnam mutual funds.
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