March 31, 2018
S&P 500 Index
Total strategy assets†
(as of October 2020)
- Separate account
- The strategy invests in companies with strong fundamentals linked to leadership in financially material sustainability issues.
- An investment framework focused on material sustainability issues and embedded within the fundamental research process drives portfolio decisions.
- An experienced, dedicated sustainable investing team is integrated with Putnam's equity research and quantitative/risk analysis groups.
*No assurance can be given that the investment objective will be achieved or that an investor will receive a return of all or part of his or her initial investment. Actual results could be materially different from the stated goals. Investors should carefully consider the risks involved before deciding to invest. See the composite report for a summary of risk considerations. As with any investment, there is a potential for profit as well as the possibility of loss.
†Assets may include accounts that are not reflected in the composite.
Annualized composite performance (%) as of October 31, 2020
|MTD||QTD||YTD||1 Year||Since Inception|
|Sustainable Leaders (gross)||-2.16%||-2.16%||14.12%||22.96%||17.44%|
|Sustainable Leaders (net)||-2.21%||-2.21%||13.59%||22.28%||16.80%|
|S&P 500 Index||-2.66%||-2.66%||2.77%||9.71%||10.75%|
Calendar-year composite performance (%) as of October 31, 2020
|Sustainable Leaders (gross)||37.29%||--||--||--||--||--||--||--||--||--|
|Sustainable Leaders (net)||36.54%||--||--||--||--||--||--||--||--||--|
|S&P 500 Index||31.49%||--||--||--||--||--||--||--||--||--|
Past performance is not a guarantee of future results. An investment in this strategy could lose value. Most recent month-end performance is preliminary. Returns are subject to change. Please refer to the composite report and disclosures below for additional important information regarding performance disclosures and investments risks.
Periods less than one year are not annualized. Performance is stated in U.S. dollars. and includes the reinvestment of dividends and interest.
The Putnam Investments Sustainable Leaders Composite (the "Composite"') seeks to provide long term capital appreciation by investing mainly in U.S. equity securities of companies with demonstrated commitment to sustainable business practices. The strategy aims for attractive risk-adjusted returns over the long term and invests in growth companies with the goal of delivering positive financial and ESG performance. It utilizes bottom-up fundamental research, including assessment of valuation and sustainability factors when selecting investments for the portfolio. The Composite's benchmark is the S&P 500 Index. Accounts in the composite may invest in private placements and may use derivatives, such as futures, options and swaps, for both hedging and non-hedging purposes. The Composite comprises all fully discretionary accounts managed by Putnam Investments in this investment style. The Composite inception date was March 31, 2018. The Composite creation date was April 16, 2018.
The S&P 500 Index covers 500 industrial, utility, transportation, and financial companies of the US markets (mostly NYSE issues). The index represents about 75% of NYSE market capitalization and 30% of NYSE issues. It is a capitalization-weighted index calculated with dividends reinvested.
Composites may include portfolios with certain existing investment restrictions that the Firm believes do not materially impact the investment strategy. Benchmarks are generally taken from published sources and may have different calculation methodologies, pricing times, and/or foreign-exchange sources from the composite. The effect of those differences is generally deemed to be immaterial. The securities holdings of the Composite may differ materially from those of the index used for comparative purposes. Composites and benchmarks include the reinvestment of dividends and other earnings. Indexes are unmanaged and do not incur expenses. You cannot invest directly in an index. Gross-of-fee returns do not include the deduction of management fees and other expenses that may be incurred in managing an investment account. A portfolio's return will be reduced by advisory and other fees. Net-of-fee returns are calculated using a model fee. For the applicable time periods, net-of-fees returns reflect either the deduction of the highest management fee that is paid by a portfolio in the Composite during the performance period, applied on a monthly basis, or the deduction of the highest applicable management fee in effect during the performance period that would be charged based on the fee schedule appropriate to this mandate, without the benefit of breakpoints, applied on a monthly basis, whichever is higher. Net-of-fee calculation methodology may change over time. Actual investment advisory fees incurred by clients are typically negotiated on an individual basis and may vary depending upon, among other things, the applicable fee schedule and portfolio size. Our standard fee schedules are available upon request.