Address And Details

One Post Office Square , Canton, MA 02109
Fund Manager Darren Jaroch
Manager Tenure 9 Years 1 Months

Strategy And Objective

Putnam Equity Income Fund seeks capital growth and current income. This section contains greater detail on the funds main investment strategies and the related risks you would face as a fund shareholder. It is important to keep in mind that risk and reward generally go hand in hand; the higher the potential reward, the greater the risk. As mentioned in the fund summary, we pursue the funds goal by investing mainly in value stocks that offer the potential for capital growth, current income, or both. Common stocks. Common stock represents an ownership interest in a company. The value of a companys stock may fall as a result of factors directly relating to that company, such as decisions made by its management or lower demand for the companys products or services. A stocks value may also fall because of factors affecting not just the company, but also other companies in the same industry or in a number of different industries, such as increases in production costs. From time to time, the fund may invest a significant portion of its assets in companies in one or more related industries or sectors, which would make the fund more vulnerable to adverse developments affecting those companies, industries or sectors. The value of a companys stock may also be affected by changes in financial markets that are relatively unrelated to the company or its industry, such as changes in interest rates or currency exchange rates. In addition, a companys stock generally pays dividends only after the company invests in its own business and makes required payments to holders of its bonds and other debt. For this reason, the value of a companys stock will usually react more strongly than its bonds and other debt to actual or perceived changes in the companys financial condition or prospects. Value stocks Companies whose stocks we believe are undervalued by the market may have experienced adverse business developments or may be subject to special risks that have caused their stocks to be out of favor. I for assessment of a companys prospects is wrong, or if other investors do not similarly recognize the value of the company, then the price of the companys stock may fall or may not approach the value that we have placed omit. In addition, value stocks, at times, may not perform as well as growth stocks or the stock market in general, and may be out of favor with investors for varying periods of time. Income provided by the fund may be reduced by changes in the dividend policies of the companies in which the fund invests and the capital resources available for payment at such companies. Small and midsize companies. These companies, some of which may have a market capitalization of less than $1 billion, are more likely than larger companies to have limited product lines, markets or financial resources, lack profitability or depend on a small management group. Stocks of these companies often trade in smaller volumes, and their prices may fluctuate more than stocks of larger companies. Stocks of small and midsize companies may therefore be more vulnerable to adverse developments than those of larger companies. In addition, stocks of small and midsize companies, at times, may not perform as well as stocks of larger companies or the stock market in general, and may be out of favor with investors for varying periods of time.

Net Asset Value

as of 5:43 PM ET 09/17/2021

Performance

  • 1 Week
  • -0.32%
  • 1 Month
  • -2.07%
  • 3 Months
  • +1.62%
  • 1 Yr Return
  • +27.20%
  • 5 Yr Return
  • +53.55%

Equity Sector Breakdown

Finance 25.00%
Technology 13.36%
RetailTrade 10.27%
NonDurables 9.28%
Health 8.77%
IndustrialCyclical 8.65%
Utilities 6.17%
Energy 6.12%
Services 2.85%
ConsumerDurables 2.21%

Asset Allocation

Asset Type % Of Allocation
Stocks 95.88%
ForeignStocks 6.11%
Convertible 1.51%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 70.28 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -5.21 -4.39 -3.26
Beta 1.03 1.02 1.03
R Squared 0.93 0.93 0.93
Std Deviation 19.81 15.98 14.24
Sharpe Ratio 0.67 0.84 n/a

Purchase Information

as of 5:31 PM ET 09/16/2021
Minimum Initial n/a
Minimum Additional $99
Minimum Initial IRA $99

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +35.73%
  • +41.47%
+35.73% +41.47%
3 Year
  • +12.28%
  • +13.34%
+12.28% +13.34%
10 Year
  • +13.23%
  • +11.58%
+13.23% +11.58%
Life Of Fund
  • +9.45%
  • +9.39%
+9.45% +9.39%

Top 10 Holdings

Symbol Company Name % Of Assets
BAC BANK OF AMERICA CORPORATION 3.60%
JPM JPMORGAN CHASE & CO 3.43%
C CITIGROUP INC 3.20%
MSFT MICROSOFT CORP 2.95%
WMT WALMART INC 2.48%
FCX FREEPORT MCMORAN INC 2.17%
GM GENERAL MOTORS CO 2.11%
LUV SOUTHWEST AIRLINES CO 1.96%
JNJ JOHNSON & JOHNSON 1.90%
ABBV ABBVIE INC 1.78%

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