Putnam U.S. Research Fund - Class R6 · NASDAQ:PLJMX
Putnam U.S. Research Fund - Class R6 — Putnam Investments — Investor Presentation (September 2023)
24 slides from Putnam U.S. Research Fund - Class R6's investor presentation, September 2023
Slide 1: Putnam U.S. Large Cap Value Equity Concentrated
Putnam U.S. Large Cap Value Equity Concentrated Q2 | 2023 Lauren B. DeMore, CFA Caroline G. Edwards, CFA Portfolio Manager Senior Investment Director Investment Management Global Investment Strategies For use with financial intermediaries and investment professionals only. Not for public distributio
Slide 2: Strategy seeks consistent alpha generation driven by stock selection
Putnam’s U.S. Large Cap Value Equity Concentrated strategy seeks consistent alpha generation driven by stock selection A concentrated portfolio that seek superior risk-adjusted returns through a disciplined approach to idea generation, portfolio construction, and risk management. Focus on cash flows
Slide 3: Real-time, proprietary tools provide portfolio risk snapshot
Real-time, proprietary tools provide portfolio risk snapshot For illustrative purposes only. The above portfolio characteristics and holdings are for a sample portfolio and are not intended to be projections of actual portfolio characteristics or holdings. The inclusion of holdings information shoul
Slide 4: Portfolio undergoes regular stress tests
Portfolio undergoes regular stress tests Most current data available as of December 31, 2022. For illustrative purposes only. Stress test results are for a representative account and show a statistical estimate of the portfolio's reaction to a hypothetical economic or market event. This analysis is
Slide 5: Portfolio has historically outperformed regardless of style regime
Portfolio has historically outperformed regardless of style regime U.S. Large Cap Value Equity Concentrated Excess Returns During Value/Growth Regimes 70% 30% Russell 1000 Value minus Russell 1000 Growth Rolling 1yr U.S. Large Cap Value Equity Concentrated Excess Return 60% 20% 50% 10% 40% 0% 30% -1
Slide 6: Performance and attribution
Performance and attribution
Slide 7: Annualized composite performance as of June 30, 2023
Annualized composite performance as of June 30, 2023 Composite: U.S. Large Cap Value Equity Concentrated Benchmark: Russell 1000 Value Index Composite (gross) Composite (net) Benchmark 20.53 19.86 20.30 19.73 Return (%) 14.30 13.54 13.11 12.96 12.51 11.54 9.00 8.70 8.31 8.11 5.99 5.84 5.12 4.07 Q2 Y
Slide 8: Composite performance as of June 30, 2023
Composite performance as of June 30, 2023 Composite: U.S. Large Cap Value Equity Concentrated Benchmark: Russell 1000 Value Index Quarterly cumulative performance (%) Inception date: Nov 30, 2016 Q2’23 Q1’23 Q4’22 Q3’22 Q2’22 Q1’22 Q4’21 Q3’21 Q2’21 Q1’21 Gross 5.99 2.84 13.75 -2.79 -12.48 1.06 9.90
Slide 9: One-year sector attribution as of June 30, 2023
One-year sector attribution as of June 30, 2023 Portfolio: U.S. Large Cap Value Equity Concentrated Benchmark: Russell 1000 Value Index Portfolio Benchmark Attribution impact Average Average Local Active Sector Stock weight weight return weight allocation selection Total Health care 13.99% 16.66% 1.
Slide 10: Top contributors and detractors as of June 30, 2023
Top contributors and detractors as of June 30, 2023 Portfolio: U.S. Large Cap Value Equity Concentrated Benchmark: Russell 1000 Value Index One year Average Relative Average Relative Top five contributors weight weight Top five detractors weight weight Meta Platforms 3.05% OW Charter Communications
Slide 11: Portfolio characteristics and positioning
Portfolio characteristics and positioning
Slide 12: Portfolio characteristics as of June 30, 2023
Portfolio characteristics as of June 30, 2023 Portfolio: U.S. Large Cap Value Equity Concentrated Benchmark: Russell 1000 Value Index Portfolio Benchmark Capitalization Weighted average capitalization $187.4B $137.8B Financial Projected 12-month P/E 13.0x 15.0x Projected 5-year EPS growth rate 9.1%
Slide 13: Full holdings as of June 30, 2023
Full holdings as of June 30, 2023 Portfolio: U.S. Large Cap Value Equity Concentrated Benchmark: Russell 1000 Value Index Holdings % of portfolio % of benchmark Industry Oracle 4.0% 0.5% Software Exxon Mobil 3.6 2.2 Oil, gas and consumable fuels United Rentals 3.3 0.1 Trading companies and distribut
Slide 14: Full holdings as of June 30, 2023
Full holdings as of June 30, 2023 Portfolio: U.S. Large Cap Value Equity Concentrated Benchmark: Russell 1000 Value Index Holdings % of portfolio % of benchmark Industry American International Group 2.2 0.2 Insurance Walmart 2.1 1.2 Consumer staples distribution and retail Exelon 2.1 0.2 Electric ut
Slide 15: Full holdings as of June 30, 2023
Full holdings as of June 30, 2023 Portfolio: U.S. Large Cap Value Equity Concentrated Benchmark: Russell 1000 Value Index Holdings % of portfolio % of benchmark Industry Constellation Energy 1.4 0.2 Electric utilities T-Mobile 1.3 0.4 Wireless telecommunication services Southwest Airlines 1.2 0.1 Pa
Slide 16: Sector weights as of June 30, 2023
Sector weights as of June 30, 2023 Portfolio: U.S. Large Cap Value Equity Concentrated Benchmark: Russell 1000 Value Index Sector Underweight Overweight Portfolio Benchmark Consumer discretionary 3.1% 8.4% 5.3% Materials 2.0 6.8 4.8 Information technology 1.4 10.4 9.0 Energy 0.2 8.1 7.9 Consumer sta
Slide 17: Industry weights as of June 30, 2023
Industry weights as of June 30, 2023 Portfolio: U.S. Large Cap Value Equity Concentrated Benchmark: Russell 1000 Value Index Industry Portfolio Benchmark Active weight Software 6.57% 1.63% 4.94% Trading companies and distributors 3.34 0.53 2.81 Specialized REITs 3.54 1.46 2.08 Health care providers
Slide 18: Market capitalization breakdown as of June 30, 2023
Market capitalization breakdown as of June 30, 2023 Portfolio: U.S. Large Cap Value Equity Concentrated Benchmark: Russell 1000 Value Index 24.6% Over $155.9B 29.1% 51.9% $36.6B - $155.9B 39.3% 17.6% $6.3B - $36.6B 28.2% 2.0% $1.7B - $6.3B 3.4% 0.0% Less than $1.7B Portfolio Benchmark 0.0% 4.0% Cash
Slide 19: Lauren B. DeMore, CFA
Lauren B. DeMore, CFA Ms. DeMore is a Portfolio Manager of Putnam's U.S. Large Cap Value and Non-U.S. Portfolio Manager Value Equity strategies. She joined Putnam in 2006 and has been in the investment Investment Management industry since 2002. Previously at Putnam, Ms. DeMore served as an Assistant
Slide 20: Caroline G. Edwards, CFA
Caroline G. Edwards, CFA Ms. Edwards is a Senior Investment Director in the Global Investment Strategies group, Senior Investment Director specializing in equity products. She is responsible for defining product messaging for Global Investment Strategies existing products; developing and launching n
Slide 21: Putnam Investments U.S. Large Cap Value Equity Concentrated Composite
Putnam Investments U.S. Large Cap Value Equity Concentrated Composite Three year Three year Standard Annual Standard Standard Deviation of Composite Total Firm Gross of Fees Net of Fees Benchmark Deviation of Deviation of Account Assets Assets Number of Year Return (%) Return (%) Return (%) Composit
Slide 22: Putnam Investments U.S. Large Cap Value Equity Concentrated Composite
Putnam Investments U.S. Large Cap Value Equity Concentrated Composite Calculation of composite: Returns are presented in U.S. dollars ("USD"). Benchmark, Putnam account and Putnam mutual fund valuation sources and timing may sometimes differ, causing dispersion within the composite and between the c
Slide 23: Managed accounts programs and important information
This material is prepared for use with financial intermediaries and investment professionals and is provided for limited purposes. By receiving and reviewing this material, the recipient acknowledges the following: This material is a general communication being provided for informational and educati
Slide 24: Slide 24
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