U.S. Large Cap Growth Equity

This strategy targets above-average growth by investing in large cap companies whose earnings and cash-flow trajectories indicate potential growth opportunities.*

Product highlights

Inception date

January 31, 2009

Benchmark

Russell 1000 Growth Index

Total strategy assets

$8.1B

(as of September 2019)

Investment vehicles

  • A focus on large U.S. companies with above-average growth potential
  • Employs a thematic approach to identify potential secular winners with large addressable markets  
  • Combines investment themes with bottom-up security selection (health care inflation and demographics/e-commerce and payment processing)

*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 disclosures 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.

Investment team

Performance

Annualized composite performance (%) as of September 30, 2019

  MTD QTD YTD 1 Year 3 Years 5 Years 10 Years
U.S. Large Cap Growth Equity (gross) -0.71% 0.78% 26.03% 7.57% 19.85% 14.58% 15.92%
U.S. Large Cap Growth Equity (net) -0.76% 0.60% 25.37% 6.81% 19.01% 13.78% 15.11%
Russell 1000 Growth Index 0.01% 1.49% 23.30% 3.71% 16.89% 13.39% 14.94%

Calendar Year Composite Performance (%) as of September 30, 2019

  2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
U.S. Large Cap Growth Equity (gross) 3.09% 32.13% 7.50% 2.11% 14.61% 37.72% 18.81% -2.41% 18.70% --
U.S. Large Cap Growth Equity (net) 2.37% 31.20% 6.74% 1.39% 13.81% 36.76% 17.97% -3.09% 17.87% --
Russell 1000 Growth Index -1.51% 30.21% 7.08% 5.67% 13.05% 33.48% 15.26% 2.64% 16.71% 37.21%

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 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.

Literature

Important disclosures

The Putnam Investments U.S. Large Cap Growth Equity Composite (the "Composite") seeks above-average total returns relative to its benchmark, the Russell 1000 Growth Index, with low relative volatility through an actively managed, broadly diversified equity portfolio. It seeks to invest in companies with above-average growth potential under the belief that over the long-run stocks follow earnings and cash flow trajectories. It utilizes a bottom-up, fundamental analysis of stocks — looking to take advantage of the investors' propensity to underreact or overreact to news, and extrapolate near-terms results. The Composite comprises all fully discretionary accounts managed by Putnam Investments in this investment style. The Composite creation date was March 19, 2010.

The Russell 1000 Growth Index is an unmanaged index of those companies in the large-cap Russell 1000 Index chosen for their growth orientation.

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-fees 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.