Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. Performance assumes reinvestment of distributions and does not account for taxes. The "before sales charge" performance does not reflect the current maximum sales charges, which we explain below. If performance did reflect the charges, it would be lower. The "after sales charge" performance (or returns at public offering price) varies by share class and fund. For class A and class M shares, the current maximum initial sales charges are 5.75% and 3.50% for equity funds and 4.00% and 3.25% for income funds, respectively (with these exceptions: 2.25% for class A of Putnam Floating Rate Income Fund, Short-Term Municipal Income, Short Duration Bond Fund, and Fixed Income Absolute Return Fund). Class B share performance reflects the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declines to 1% in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, Putnam Short Duration Bond Fund, Putnam Fixed Income Absolute Return Fund, and Putnam Short-Term Municipal Income Fund; for these funds, the CDSC is 1% in the first year, declines to 0.5% in the second year, and is eliminated thereafter). Class C share performance reflects a 1% CDSC the first year that is eliminated thereafter. Performance for class B, C, M, N, R, and Y shares prior to their inception is derived from the historical performance of class A shares by adjusting for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (note, for two funds — Putnam Tax-Free High Yield Fund and Putnam Strategic Intermediate Municipal Fund performance prior to inception is based on the historical performance of class B shares). Performance for class A, C, R6, and Y shares of Putnam Mortgage Opportunities Fund before their inception is derived from the historical performance of class I shares, which has been adjusted for the applicable sales charge (or CDSC) and the higher operating expenses for such shares. The "after sales charge" performance (at public offering price) for class N shares reflects the current maximum initial sales charge of 1.50%. Class R, R3, R4, R5, and R6 shares, which are available to qualified employee-benefit plans only, are sold without an initial sales charge and have no CDSC. Class Y shares are generally only available for corporate and institutional clients and have no initial sales charge. Performance for class R3 and R4 shares prior to their inception is derived from the historical performance of class Y shares by adjusting for the higher operating expenses for such shares. Performance for class R5 shares before their inception is derived from the historical performance of class Y shares, which has not been adjusted for the lower expenses; had it been adjusted, performance would be higher (with the exception of the RetirementReady Maturity, 2025, 2030, 2035, and 2040 Funds, for which performance is derived from the historical performance of class R6 shares and has been adjusted for the higher operating expenses for such shares; and the RetirementReady 2045, 2050, 2055, and 2060 Funds, for which performance is derived from the historical performance of class R6 shares and has not been adjusted for the lower expenses; had it been adjusted, performance would be higher). Performance for class R6 shares before their inception is derived from the historical performance of class Y shares, which has not been adjusted for the lower operating expenses; had it been adjusted, performance would be higher. For a portion of the period, some funds had expenses limitations or had been sold on a limited basis with limited assets and expenses. Had these limits not been in place, performance would be lower.
Active Sustainability
Sustainable Leaders Fund (Class Y) (PNOYX)
Investing in sustainability leadership
Manager commentary: New research report explores portfolio themes
Mental health: Insights and potential investment implications
The Impact of COVID-19 pandemic on mental health.
In June 2020, the CDC found 41% of respondents reported an adverse mental health condition, with 31% suffering from anxiety or depression.
Read our research (PDF)
Highlights
Objective
The fund seeks long-term capital appreciation.
Strategy and process
- Committed companies The fund invests in companies we believe have strong fundamentals linked to leadership in financially material sustainability issues.
- Active research process A framework grounded in fundamental research, enhanced by a focus on material sustainability issues, drives investment decisions.
- Experienced team An experienced, dedicated sustainable investing team is integrated with Putnam's equity research group.
Fund price |
Yesterday’s close | 52-week high | 52-week low |
|---|---|---|---|
| Net asset value |
$147.52
-0.13% | $-0.19 |
$150.59
09/03/21 |
$114.90
09/24/20 |
Fund facts as of 08/31/21
$6,865.33M
24%
Annually
66
June
746916402 / 1831
07/19/94
Growth
PNOYX
Management team
Literature
Fund documents |
|
| The active edge in sustainable investing (PDF) |
|
| The Pivotal Role of Investors in Worker Financial Security (PDF) | |
| Fund Brochure (PDF) |
|
| Impact Report (PDF) | |
| Investing to thrive (PDF) | |
| Fact Sheet (R6 share) (PDF) | |
| Fact Sheet (YA share) (PDF) |
|
| Summary Prospectus (PDF) |
|
| Statutory Prospectus (PDF) |
|
| Toward racial justice (PDF) | |
| Engagement & Stewardship report (PDF) | |
| Statement of Additional Information (SAI) (PDF) | |
| Annual Report (PDF) |
|
| Semiannual Report (PDF) |
|
| Quarterly Commentary (PDF) | |
| Proxy voting results (Form N-PX) (PDF) | |
| Q&A document (PDF) | |
| Mental health: Insights and investment implications (PDF) | |
When to pay attention to insider buying
Studying the actions of smart insiders can be a valuable investment tool, and certain types of buying can signal an excellent entry point for a stock or group of stocks.New medicines and digital tools target mental health
In recent years, there have been several developments for treating mental health. These innovations — which come after decades of slower-paced advances — include novel drugs and digital offerings.Mental health is a business issue: How companies are supporting their employees
Companies are beginning to focus more on mental health at work, and some are offering a wider range of supportive and preventive care.Performance
Total return (%) as of 06/30/21
Annual performance as of 06/30/21
Annualized Total return (%) as of 06/30/21
| Annualized performance | 1 yr. | 3 yrs. | 5 yrs. | 10 yrs. |
|---|---|---|---|---|
| Before sales charge | 41.17% | 22.89% | 22.81% | 16.29% |
| After sales charge | N/A | N/A | N/A | N/A |
| S&P 500 Index | 40.79% | 18.67% | 17.65% | 14.84% |
| Russell 3000 Growth - S&P 500 Linked Benchmark | 40.79% | 19.03% | 20.04% | 15.97% |
Performance snapshot
| Before sales charge | After sales charge | ||
|---|---|---|---|
| 1 mt. as of 08/31/21 | 3.02% | - | |
| YTD as of 09/24/21 | 19.78% | - | |
Lipper rankings as of 08/31/21
| Time period | Rank/Funds in category | Percentile ranking |
|---|---|---|
| 1 yr. | 396/650 | 61% |
| 3 yrs. | 12/590 | 3% |
| 5 yrs. | 2/517 | 1% |
| 10 yrs. | 8/351 | 3% |
Morningstar Ratings™ as of 08/31/21
| Time period | Funds in category | Morningstar Rating™ |
|---|---|---|
| Overall | 1128 | |
| 3 yrs. | 1128 | |
| 5 yrs. | 1020 | |
| 10 yrs. | 760 |
Distributions
| Record/Ex dividend date | 12/04/20 |
|---|---|
| Payable date | 12/08/20 |
| Income | $0.592 |
| Extra income | -- |
| Short-term cap. gain | $0.474 |
| Long-term cap. gain | $7.534 |
Lipper rankings are based on total return without sales charge relative to all share classes of funds with similar objectives as determined by Lipper. Past performance is not indicative of future results.
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
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.
Compare
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** FundVisualizer comparison based on Putnam fund versus the largest fund in its Morningstar category.
Holdings
| Microsoft Corp | 7.83% |
|---|---|
| Apple | 6.94% |
| Amazon.Com | 4.71% |
| Danaher Corp | 2.95% |
| Adobe | 2.92% |
| Thermo Fisher Scientific | 2.34% |
| Visa | 2.06% |
| Eli Lilly | 1.95% |
| Johnson Controls International | 1.94% |
| Chipotle Mexican Grill | 1.91% |
| Top 10 holdings, percent of portfolio | 35.55% |
| Top 10 holdings as of 08/31/21 | |
|---|---|
| Microsoft Corp | |
| Apple | |
| Amazon.Com | |
| Danaher Corp | |
| Adobe | |
| Thermo Fisher Scientific | |
| Visa | |
| Eli Lilly | |
| Johnson Controls International | |
| Chipotle Mexican Grill | |
| Holdings represent 35.55% of portfolio | |
| Top 10 holdings as of 07/31/21 | |
|---|---|
| Microsoft Corp | |
| Apple | |
| Amazon.Com | |
| Adobe | |
| Danaher Corp | |
| Thermo Fisher Scientific | |
| Visa | |
| Eli Lilly | |
| Fidelity National Information Services | |
| Chipotle Mexican Grill | |
| Holdings represent 35.80% of portfolio | |
| Top 10 holdings as of 06/30/21 | |
|---|---|
| Microsoft Corp | |
| Apple | |
| Amazon.Com | |
| Adobe | |
| Danaher Corp | |
| Thermo Fisher Scientific | |
| Visa | |
| Eli Lilly | |
| Blackrock | |
| Fidelity National Information Services | |
| Holdings represent 35.23% of portfolio | |
| Top 10 holdings as of 05/31/21 | |
|---|---|
| Microsoft Corp | |
| Apple | |
| Amazon.Com | |
| Bank Of America Corp | |
| Danaher Corp | |
| Adobe | |
| Visa | |
| Fidelity National Information Services | |
| Blackrock | |
| Johnson Controls International | |
| Holdings represent 34.06% of portfolio | |
| MICROSOFT CORP SEDOL 2588173 | 7.88% |
|---|---|
| APPLE INC SEDOL 2046251 | 6.60% |
| AMAZON.COM INC SEDOL 2000019 | 4.92% |
| ADOBE INC SEDOL 2008154 | 2.72% |
| DANAHER CORP SEDOL 2250870 | 2.57% |
| THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 2.25% |
| VISA INC-CLASS A SHARES SEDOL B2PZN04 | 2.22% |
| ELI LILLY & CO SEDOL 2516152 | 2.05% |
| BLACKROCK INC SEDOL 2494504 | 2.04% |
| FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 1.96% |
| BANK OF AMERICA CORP SEDOL 2295677 | 1.91% |
| JOHNSON CONTROLS INTERNATION SEDOL BY7QL61 | 1.87% |
| TARGET CORP SEDOL 2259101 | 1.79% |
| WALMART INC SEDOL 2936921 | 1.72% |
| CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 1.64% |
| UNION PACIFIC CORP SEDOL 2914734 | 1.60% |
| LINDE PLC SEDOL BZ12WP8 | 1.59% |
| ASML HOLDING NV-NY REG SHS SEDOL B908F01 | 1.58% |
| APPLIED MATERIALS INC SEDOL 2046552 | 1.53% |
| HEINEKEN NV SEDOL 7792559 | 1.53% |
| MEDTRONIC PLC SEDOL BTN1Y11 | 1.51% |
| WALT DISNEY CO/THE SEDOL 2270726 | 1.51% |
| TEXAS INSTRUMENTS INC SEDOL 2885409 | 1.51% |
| FIRST REPUBLIC BANK/CA SEDOL B4WHY15 | 1.50% |
| HONEYWELL INTERNATIONAL INC SEDOL 2020459 | 1.50% |
| HILTON WORLDWIDE HOLDINGS IN SEDOL BYVMW06 | 1.48% |
| AES CORP SEDOL 2002479 | 1.43% |
| COOPER COS INC/THE SEDOL 2222631 | 1.42% |
| DOCUSIGN INC SEDOL BFYT7B7 | 1.39% |
| AXA SA SEDOL 7088429 | 1.37% |
| CVS HEALTH CORP SEDOL 2577609 | 1.37% |
| AMGEN INC SEDOL 2023607 | 1.35% |
| GFL ENVIRONMENTAL INC-SUB VT SEDOL BKDT650 | 1.34% |
| ROPER TECHNOLOGIES INC SEDOL 2749602 | 1.33% |
| PRUDENTIAL PLC SEDOL 0709954 | 1.28% |
| HOME DEPOT INC SEDOL 2434209 | 1.27% |
| NOVOZYMES A/S-B SHARES SEDOL B798FW0 | 1.25% |
| NEXTERA ENERGY INC SEDOL 2328915 | 1.24% |
| KONINKLIJKE DSM NV SEDOL B0HZL93 | 1.23% |
| AVERY DENNISON CORP SEDOL 2066408 | 1.20% |
| UNILEVER PLC SEDOL BLRB262 | 1.14% |
| STANLEY BLACK & DECKER INC SEDOL B3Q2FJ4 | 1.13% |
| AMERICAN TOWER CORP SEDOL B7FBFL2 | 1.06% |
| NXP SEMICONDUCTORS NV SEDOL B505PN7 | 1.06% |
| BALL CORP SEDOL 2073022 | 1.04% |
| DEERE & CO SEDOL 2261203 | 1.01% |
| ECOLAB INC SEDOL 2304227 | 0.94% |
| SHOPIFY INC - CLASS A SEDOL BXDZ9Z0 | 0.90% |
| ALPHABET INC-CL A SEDOL BYVY8G0 | 0.85% |
| VAIL RESORTS INC SEDOL 2954194 | 0.84% |
| ETSY INC SEDOL BWTN5N1 | 0.81% |
| SOARING EAGLE PIPE P/P | 0.80% |
| LEVI STRAUSS & CO- CLASS A SEDOL BHRWS81 | 0.79% |
| KKR & CO INC SEDOL BG1FRR1 | 0.77% |
| VERTEX PHARMACEUTICALS INC SEDOL 2931034 | 0.76% |
| MCCORMICK & CO-NON VTG SHRS SEDOL 2550161 | 0.70% |
| MERCK & CO. INC. SEDOL 2778844 | 0.70% |
| AMEREN CORPORATION SEDOL 2050832 | 0.67% |
| BOSTON PROPERTIES INC SEDOL 2019479 | 0.67% |
| HASBRO INC SEDOL 2414580 | 0.57% |
| BAXTER INTERNATIONAL INC SEDOL 2085102 | 0.54% |
| OKTA INC SEDOL BDFZSP1 | 0.52% |
| BUMBLE INC-A SEDOL BMZ2WT7 | 0.34% |
| EUR/USD 09/15/2021 JPMCB | 0.02% |
| EUR/USD 09/15/2021 UBS | 0.02% |
| CASH MGMT BILL 00.0000 09/07/2021 | 0.01% |
| TREASURY BILL 00.0000 08/03/2021 | 0.01% |
| TREASURY BILL 00.0000 09/02/2021 | 0.01% |
| EUR/USD 09/15/2021 SSBT | 0.01% |
| GBP/USD 09/15/2021 BANKAM | 0.01% |
| CASH MGMT BILL 00.0000 09/21/2021 | 0.00% |
| TREASURY BILL 00.0000 07/06/2021 | 0.00% |
| GBP/USD 09/15/2021 BCAP-FX | 0.00% |
| GBP/USD 09/15/2021 HSBCB | 0.00% |
| HC BRILLANT SERVICES GMBH P/P | 0.00% |
| NEURALSTEM INC SERIES K COMMON STOCK PURCHASE WARRANT | 0.00% |
| UNEXT.COM LLC CORP (PRIVATE) P/P | 0.00% |
| MICROSOFT CORP SEDOL 2588173 | 7.32% |
|---|---|
| APPLE INC SEDOL 2046251 | 5.80% |
| AMAZON.COM INC SEDOL 2000019 | 4.54% |
| BANK OF AMERICA CORP SEDOL 2295677 | 3.47% |
| BLACKROCK INC SEDOL 2494504 | 2.50% |
| DANAHER CORP SEDOL 2250870 | 2.30% |
| ADOBE INC SEDOL 2008154 | 2.17% |
| VISA INC-CLASS A SHARES SEDOL B2PZN04 | 2.15% |
| FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 2.08% |
| HOME DEPOT INC SEDOL 2434209 | 1.93% |
| ASML HOLDING NV-NY REG SHS SEDOL B908F01 | 1.87% |
| AES CORP SEDOL 2002479 | 1.82% |
| TEXAS INSTRUMENTS INC SEDOL 2885409 | 1.79% |
| WALMART INC SEDOL 2936921 | 1.77% |
| JOHNSON CONTROLS INTERNATION SEDOL BY7QL61 | 1.74% |
| UNILEVER PLC SEDOL BLRB262 | 1.74% |
| UNION PACIFIC CORP SEDOL 2914734 | 1.71% |
| ELI LILLY & CO SEDOL 2516152 | 1.64% |
| HILTON WORLDWIDE HOLDINGS IN SEDOL BYVMW06 | 1.58% |
| HONEYWELL INTERNATIONAL INC SEDOL 2020459 | 1.58% |
| TARGET CORP SEDOL 2259101 | 1.57% |
| GFL ENVIRONMENTAL INC-SUB VT SEDOL BKDT650 | 1.56% |
| FIRST REPUBLIC BANK/CA SEDOL B4WHY15 | 1.56% |
| AXA SA SEDOL 7088429 | 1.55% |
| THERMO FISHER SCIENTIFIC INC SEDOL 2886907 | 1.54% |
| APPLIED MATERIALS INC SEDOL 2046552 | 1.54% |
| PRUDENTIAL PLC SEDOL 0709954 | 1.52% |
| HEINEKEN NV SEDOL 7792559 | 1.51% |
| LINDE PLC SEDOL BZ12WP8 | 1.50% |
| STANLEY BLACK & DECKER INC SEDOL B3Q2FJ4 | 1.49% |
| AMGEN INC SEDOL 2023607 | 1.47% |
| BOSTON PROPERTIES INC SEDOL 2019479 | 1.46% |
| CHIPOTLE MEXICAN GRILL INC SEDOL B0X7DZ3 | 1.44% |
| NEXTERA ENERGY INC SEDOL 2328915 | 1.37% |
| CVS HEALTH CORP SEDOL 2577609 | 1.32% |
| NXP SEMICONDUCTORS NV SEDOL B505PN7 | 1.32% |
| COOPER COS INC/THE SEDOL 2222631 | 1.31% |
| ALPHABET INC-CL A SEDOL BYVY8G0 | 1.25% |
| KONINKLIJKE DSM NV SEDOL B0HZL93 | 1.19% |
| BALL CORP SEDOL 2073022 | 1.16% |
| AVERY DENNISON CORP SEDOL 2066408 | 1.12% |
| ROPER TECHNOLOGIES INC SEDOL 2749602 | 1.08% |
| ECOLAB INC SEDOL 2304227 | 1.05% |
| MEDTRONIC PLC SEDOL BTN1Y11 | 1.04% |
| BAXTER INTERNATIONAL INC SEDOL 2085102 | 1.03% |
| AMERICAN TOWER CORP SEDOL B7FBFL2 | 1.01% |
| WALT DISNEY CO/THE SEDOL 2270726 | 1.00% |
| DEERE & CO SEDOL 2261203 | 0.98% |
| DOCUSIGN INC SEDOL BFYT7B7 | 0.91% |
| VERTEX PHARMACEUTICALS INC SEDOL 2931034 | 0.86% |
| ASTRAZENECA PLC SEDOL 0989529 | 0.84% |
| NOVOZYMES A/S-B SHARES SEDOL B798FW0 | 0.80% |
| OKTA INC SEDOL BDFZSP1 | 0.78% |
| MCCORMICK & CO-NON VTG SHRS SEDOL 2550161 | 0.76% |
| LEVI STRAUSS & CO- CLASS A SEDOL BHRWS81 | 0.73% |
| ETSY INC SEDOL BWTN5N1 | 0.72% |
| TALEND SA - ADR SEDOL BD39HN6 | 0.62% |
| HASBRO INC SEDOL 2414580 | 0.62% |
| JETBLUE AIRWAYS CORP SEDOL 2852760 | 0.55% |
| SHOPIFY INC - CLASS A SEDOL BXDZ9Z0 | 0.54% |
| AMEREN CORPORATION SEDOL 2050832 | 0.48% |
| VAIL RESORTS INC SEDOL 2954194 | 0.44% |
| ROCHE HOLDING AG-GENUSSCHEIN SEDOL 7110388 | 0.38% |
| BUMBLE INC-A SEDOL BMZ2WT7 | 0.22% |
| CASH MGMT BILL 00.0000 06/29/2021 | 0.02% |
| EUR/USD 06/16/2021 JPMCB | 0.01% |
| EUR/USD 06/16/2021 UBS | 0.01% |
| EUR/USD 06/16/2021 SSBT | 0.00% |
| GBP/USD 06/16/2021 BANKAM | 0.00% |
| CASH MGMT BILL 00.0000 07/06/2021 | 0.00% |
| GBP/USD 06/16/2021 BCAP-FX | 0.00% |
| GBP/USD 06/16/2021 HSBCB | 0.00% |
| HC BRILLANT SERVICES GMBH P/P | 0.00% |
| NEURALSTEM INC SERIES K COMMON STOCK PURCHASE WARRANT | 0.00% |
| UNEXT.COM LLC CORP (PRIVATE) P/P | 0.00% |
Portfolio composition as of 08/31/21
| Common stock | 98.31% |
|---|---|
| Cash and net other assets | 1.69% |
Equity statistics as of 08/31/21
| Median market cap | $75.47B |
|---|---|
| Weighted average market cap | $563.45B |
| Price to book | 5.81 |
| Price to earnings | 26.00 |
Fund characteristics will vary over time.
Due to rounding, percentages may not equal 100%.
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, and the market may not favor growth-style investing. Investments in small and/or 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 investment strategy of investing in companies that exhibit a commitment to sustainable business practices may result in the fund investing in securities or industry sectors that underperform the market as a whole or underperform other funds that do not invest with a sustainable 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. 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 08/31/21
| Information technology | 30.65% |
|---|---|
| Health care | 15.20% |
| Consumer discretionary | 13.88% |
| Financials | 9.80% |
| Industrials | 9.29% |
| Materials | 7.61% |
| Consumer staples | 4.94% |
| Utilities | 3.29% |
| Communication services | 1.94% |
| Other | 3.40% |
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 B | Class C | Class R | Class R6 | Class Y |
|---|---|---|---|---|---|---|
| Total expense ratio | 1.03% | 1.78% | 1.78% | 1.28% | 0.66% | 0.78% |
| What you pay | 1.03% | 1.78% | 1.78% | 1.28% | 0.66% | 0.78% |
Sales charge
| Breakpoint | Class A | Class B | Class C | Class R | Class R6 | Class Y |
|---|---|---|---|---|---|---|
| $0-$49,999 | 5.75% / 5.00% | 0.00% / 4.00% | 0.00% / 1.00% | -- | -- | -- |
| $50,000-$99,999 | 4.50% / 3.75% | 0.00% / 4.00% | 0.00% / 1.00% | -- | -- | -- |
| $100,000-$249,999 | 3.50% / 2.75% | -- | 0.00% / 1.00% | -- | -- | -- |
| $250,000-$499,999 | 2.50% / 2.00% | -- | 0.00% / 1.00% | -- | -- | -- |
| $500,000-$999,999 | 2.00% / 1.75% | -- | 0.00% / 1.00% | -- | -- | -- |
| $1M-$4M | 0.00% / 1.00% | -- | -- | -- | -- | -- |
| $4M-$50M | 0.00% / 0.50% | -- | -- | -- | -- | -- |
| $50M+ | 0.00% / 0.25% | -- | -- | -- | -- | -- |
CDSC
| Class A (sales for $1,000,000+) | Class B | Class C | Class R | Class R6 | Class Y | |
|---|---|---|---|---|---|---|
| 0 to 9 mts. | 1.00% | 5.00% | 1.00% | -- | -- | -- |
| 9 to 12 mts. | 1.00% | 5.00% | 1.00% | -- | -- | -- |
| 2 yrs. | 0.00% | 4.00% | 0.00% | -- | -- | -- |
| 3 yrs. | 0.00% | 3.00% | 0.00% | -- | -- | -- |
| 4 yrs. | 0.00% | 3.00% | 0.00% | -- | -- | -- |
| 5 yrs. | 0.00% | 2.00% | 0.00% | -- | -- | -- |
| 6 yrs. | 0.00% | 1.00% | 0.00% | -- | -- | -- |
| 7+ yrs. | 0.00% | 0.00% | 0.00% | -- | -- | -- |
Trail commissions
| Class A | Class B | Class C | Class R | Class R6 | Class Y | |
|---|---|---|---|---|---|---|
| 0.25% | 0.25% | 1.00% | 0.50% | 0.00% | 0.00% | |
| NA | NA | NA | NA | NA | NA | |
| NA | NA | NA | NA | NA | NA |
For sales and trail commission information on purchases over $1 million and participant-directed qualified retirement plans, see a Putnam fund prospectus and the statement of additional information.
The S&P 500 Index is an unmanaged index of common stock performance. The Russell 3000 Growth Index is an unmanaged index of those companies in the broad-market Russell 3000 Index chosen for their growth orientation. The Russell 3000 Growth - S&P 500 Linked Benchmark represents performance of the Russell 3000 Growth Index through July 31, 2019 and performance of the S&P 500 Index thereafter. You cannot invest directly in an index.
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, and the market may not favor growth-style investing. Investments in small and/or 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 investment strategy of investing in companies that exhibit a commitment to sustainable business practices may result in the fund investing in securities or industry sectors that underperform the market as a whole or underperform other funds that do not invest with a sustainable 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. 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.