ACTIVE EQUITY

An active strategy for harnessing the potential of U.S. value stocks

Large Cap Value investing options

Large Cap Value Fund

Focused Large Cap Value ETF

Putnam Large Cap Value Fund has a Overall Morningstar Rating
out of 1,148 funds in the Large Value category based on total return as of 08/31/21.

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Disciplined process

The team combines fundamental research and quantitative tools to pursue multiple alpha sources, with a strong overlay of risk control.

Dividend growth

The fund focuses on companies with strong cash flows and the ability to generate and grow dividends for investors.

Seeks value daily

Unlike the benchmark, which defines the value universe once per year, management takes an active approach to defining value daily.

A tenured investment team with a differentiated process

Darren A. Jaroch, CFA
25 years in the investment industry

Lauren DeMore, CFA
19 years in the investment industry

A multidimensional approach to value investing

Darren Jaroch, CFA, and Lauren DeMore, CFA, manage a disciplined process to target a wider array of opportunities than many other U.S. value portfolios. The team combines fundamental research and quantitative tools to pursue multiple alpha sources, with a strong overlay of risk control.

VALUE STOCKS
Attractively priced stocks of companies poised for improvement

DIVIDEND GROWERS
Stocks of companies that are willing and able to increase their dividends

CASH-FLOW GENERATORS
Stocks of companies with strong cash flows, earnings quality, and attractive capital allocation strategies

From our equity team

Value investing for all seasons

Value investing for all seasons

We believe the durability of this recent value rally is being underestimated. Based on our analysis, the case for value stocks, particularly in international markets, remains compelling

Equity Insights  |  October 1, 2021

Emerging markets leading the way in innovation

Emerging markets leading the way in innovation

Innovation is driving exciting growth across emerging market countries.

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China property problem — Bigger than Mt. Evergrande

China property problem — Bigger than Mt. Evergrande

Recent default warnings from one of China's leading real estate development companies signaled a bigger property problem in the sector.

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The Morningstar Rating™ 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 ten-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36 to 59 months of total returns, 60% five-year rating/40% three-year rating for 60 to 119 months of total returns, and 50% ten-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the ten-year overall star rating formula seems to give the most weight to the ten-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effects of sales charges and loads.