Putnam U.S. Research Fund - Class R6 · NASDAQ:PLJMX

Putnam U.S. Research Fund - Class R6 — Putnam Investments — Investor Presentation (February 2010)

24 slides from Putnam U.S. Research Fund - Class R6's investor presentation, February 2010

  1. Slide 1: A World of Investing

    AWorld of Investing

  2. Slide 2: Barron's mutual-fund families cover: Putnam rockets to No. 1

    P2BW032001-0-W00100-1--------XA February 1, 2010 Composite CMY K Market Week Pullout Ominous Start: Stocks Fall 3.7% in January Page M3 Roundtable Part 3 Some BILL GROSS COVER LINES FRED HICKEY Goes Here 02/01/2010 ARCHIE MacALLASTER MERYL WITMER BEST The Dow Jones Business and Financial Weekly www.

  3. Slide 3: Performance since new managers

    Performance since new managers INVESTMENT Manager Risk-adjusted EXPERIENCE OF start date Lipper ranking since Through 12/31/09 FUND MANAGER ON FUND manager start date The Putnam Fund for 19 years 11/3/08 1% (2/517) Growth and Income Putnam Investors Fund 27 years 7/1/08 19% (163/869) Putnam Research

  4. Slide 4: Lipper Percentile Ranking through 12/31/09

    LIPPER Percentile RANKING Through 12/31/09 LIPPER CATEGORY 1 year 5 yearS 10 yearS The Putnam Fund for Large-cap 13% 88% 84% Growth and Income value funds (67/523) (346/394) (156/186) Large-cap 23% 91% 96% Putnam Investors Fund core funds (200/906) (591/653) (358/374) Large-cap 12% 74% 79% Putnam Re

  5. Slide 5: 100% of Putnam's U.S. large-cap equity funds outperformed their Lipper averages

    Get our managers’ perspectives on today’s 100% of Putnam’s market opportunities. putnam.com/funds Follow us on Twitter. twitter.com/putnamtoday U.S. large-cap equity funds outperformed their Putnam’s U.S. large-cap equity managers have more than 21 years of experience on average and are backed by a

  6. Slide 6: Volatility

    Aworld of investing.”

  7. Slide 7: Volatility has come down from recent highs

    Volatility has come down from recent highs Chicago Board Options Exchange VIX 80 60 40 20 0 12/31/07 12/31/08 12/31/09 Source: CBOE VIX, 2010. The CBOE Volatility Index is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. Indexes are unmanage

  8. Slide 8: It was possible to profit with diversification

    It was possible to profit with diversification 2008–2009 index returns 16.8% U.S. 11.5% High-Yield Bonds U.S. 8.8% Investment- TIPS Grade Bonds 1.0% Equal-Weighted Portfolio Emerging Markets -11.7% U.S. Large-Cap Stocks -20.3% Source: Bloomberg. Russell 1000 Growth Index is an unmanaged index of tho

  9. Slide 9: T-bills can provide better protection against inflation

    T-bills can provide better protection against inflation Rolling year-over-year total returns: 12/31/99–12/31/09 TIPS CPI 3-month T-bill 20% 10 0 -10 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 Source: Barclays Capital, BofA Merrill Lynch, and the Consumer Price Indices, as of 12/31/09. Barclays Capi

  10. Slide 10: Putnam Absolute Return Funds strive to keep you ahead of inflation

    Putnam Absolute Return Funds These funds target specific returns above inflation as measured by Treasury bills over a three-year period so that strive to keep you ahead investors can pursue greater income in all market environments. of inflation, so your income Learn more about absolute return inves

  11. Slide 11: Income

    Aworld of investing.”

  12. Slide 12: Historic spreads

    Historic spreads Spread to swaps (bps): 6/30/89–12/31/09 2000 HY Corp IG Corp 1500 AAA CMBS 1000 500 0 -500 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Barclays Capital. As of 12/31/09. The Barclays Capital Corporate Index is

  13. Slide 13: Fed funds rate

    Fed funds rate Fed funds rate (effective) over time (Five years ending 12/31/09) 6% 5.25 4.94 5 l l 4 3.61 l 3 1.81 2 1.61 l 1.01 l 1 l 0 9/03 12/03 3/04 6/04 9/04 12/04 3/05 6/05 9/05 12/05 3/06 6/06 9/06 12/06 3/07 6/07 9/07 12/07 3/08 6/08 9/08 12/08 3/09 6/09 9/09 12/09 Source: Federal Reserve,

  14. Slide 14: Spreads vs. defaults

    Spreads vs. defaults High-yield spreads vs. default rates: 12/31/04–12/31/09 12 % 2000 Default rate Spread to worst 10 1500 8 6 1000 4 500 2 0 0 2005 2006 2007 2008 2009 Sources: JPMorgan and Moody’s Investor Services. Putnam Investments | 14

  15. Slide 15: Cash doesn't pay

    Cash doesn’t pay 25% Bank prime rate Fed funds rate 30-day T-bill rate 20 15 10 5 0 1954 1964 1974 1984 1994 2004 2009 Sources: Putnam research, Federal Reserve, 2010. Putnam Investments | 15

  16. Slide 16: U.S. dollar weakness

    U.S. dollar weakness U.S. dollar index 90 80 70 1/2/09 1/30/09 2/27/09 3/31/09 4/30/09 5/29/09 6/30/09 7/31/09 8/31/09 9/30/09 10/30/09 11/30/09 12/31/09 Source: Bloomberg. Putnam Investments | 16

  17. Slide 17: Growth

    Aworld of investing.”

  18. Slide 18: Worldwide economic growth

    Worldwide economic growth Historical and projected regional GDP growth Eurozone 10% Japan United States 8 Emerging markets 6 4 2 0 -2 -4 -6 1960–1980 1980–2000 2006 2007 2008 2009 Est. 2010 Est. Source: International Monetary Fund; GDP at constant prices. Data as of October 2009. Most recent data av

  19. Slide 19: EM story not dependent on U.S. consumer

    EM story not dependent on U.S. consumer 36% U.S. EM 34 32 EM consumption 30 exceeded U.S. consumption 28 in 2008 26 24 22 20 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 Source: JPMorgan, December 2009. Most recent data available. Indexes are unmanaged and used as a broad measure of market perf

  20. Slide 20: Few bubbles to unwind, better balance sheets outside U.S.

    Few bubbles to unwind, better balance sheets outside U.S. 103 95 Consumer credit/GDP (%) 68 58 42 14 15 15 11 8 Russia India Turkey China Brazil South Taiwan Korea U.S. U.K. Africa Source: BCA Research. Rolling 1-year as of September 2009. Putnam Investments | 20

  21. Slide 21: Financial industry profits have likely bottomed

    Financial industry profits have likely bottomed Quarterly earnings per share $40 U.S. 30 International developed markets 20 10 0 -10 -20 3/31/05 12/30/05 9/29/06 6/29/07 3/31/08 12/31/08 9/30/09 Source: Bloomberg. Most recent data available. Indexes are unmanaged and used as a broad measure of marke

  22. Slide 22: Consumer credit is declining

    Putnam Investments | 22 11/30/09 9/90/09 7/31/09 5/31/09 3/31/09 1/31/09 11/30/08 Consumer credit is declining 9/30/08 7/31/08 5/31/08 3/31/08 1/31/08 11/30/07 Year-over-year % change 9/30/07 7/31/07 5/31/07 3/31/07 Source: Bloomberg. 1/31/07 6% 5% 4% 3% 2% 1% 0 -1% -2% -3% -4%

  23. Slide 23: Chinese stock market has rebounded

    Chinese stock market has rebounded Shanghai Composite Index 6000 5000 4000 3000 2000 1000 0 1/31/95 8/31/95 3/29/96 10/31/96 5/30/97 12/31/97 7/31/98 2/26/99 9/30/99 4/28/00 11/30/00 6/29/01 1/31/02 8/30/02 3/31/03 10/31/03 5/31/04 12/31/04 7/29/05 2/28/06 9/29/06 4/30/07 11/30/07 6/30/08 1/30/09 8/

  24. Slide 24: Consider these risks before investing

    Consider these risks before investing: Value investing seeks underpriced stocks, but there is no guarantee that a stock’s price will rise. The fund may invest a portion of its assets in small and/or midsize companies. Such investments increase the risk of greater price fluctuations. Stocks with abov

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