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Managed Fund Since 2018
Equity
Putnam Large Cap Value Trust
- Relative value approach. Defines the value universe daily with fundamental and quantitative tools to identify unique value opportunities.
- Focus on cash flows. Puts distinct emphasis on companies able and willing to return cash to shareholders, and focuses on future cash flows instead of earnings to evaluate value creation.
- Disciplined risk management. Utilizes proprietary tools to maximize stock-specific risk and limit unintended factor risks, seeking alpha over a full market cycle.
Popular Documents
NAV
$26.79
As of 01/08/2026
YTD Total Returns At NAV 1
2.25%
Collective Investment Trusts (CITs) are available only to qualified retirement plans, such as 401(k) defined contribution plans and governmental plans.
U.S. Plan Sponsors and Financial Professionals
Content on this website is intended for Financial Professional and Plan Sponsor use only and is not intended for a retail investor, as the CITs here may not pertain to or be available to all investors.
Overview
Fund Facts
Fund description
The fund seeks capital growth and current income.
- Benchmark
- Russell 1000 Value Index
- Fund Inception Date
- 07/03/2018
- Total Net Assets
As of 12/31/2025 (Updated Monthly) - $10.55 Billion
- Number of Holdings
(Updated Monthly) - N/A
Identifiers
- Ticker
- —
- CUSIP Code
- 746750306
Average Annual Total Returns As of 11/30/2025
Class I
- 10.89%1 Year
- 16.17%3 Years
- 15.93%5 Years
- —10 Years
- 13.63%Since Inception
07/03/2018
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 11/30/2025 % of Total (Updated Monthly)
Financials19.97% | |
Health Care13.28% | |
Industrials11.32% | |
Information Technology10.28% | |
Consumer Staples9.54% |
Additional Fund Info
- Share Class Inception Date
- 07/03/2018
- Investment Style
- Value
- Morningstar Category
4 - Large Value
Manager
About the Team
Putnam Investments
Putnam Investments has been serving clients and shareholders for over 85 years. We manage a range of equity portfolios with a focus on stock-specific opportunities. Our approach — stock-driven rather than style-driven — is designed to offer consistent outperformance, regardless of the market environment. Our portfolios are fueled by a variety of independent views and perspectives, enhanced by fundamental research and ongoing dialogue and debate. We combine this with portfolio construction that aims to reduce broader macro exposures and manage downside risk.
Putnam Investments
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Managed Fund Since 2019
Performance
Average Annual Total Returns
As of 11/30/2025
Selected Month November 2025
Class I (%)
Month End
As of 11/30/2025
Russell 1000 Value Index (%)
Month End
As of 11/30/2025
Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. The fund's investment return and principal value will change with market conditions, and you may have a gain or a loss when you sell your shares. Total returns assume the reinvestment of all distributions and the deduction of all fund expenses. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expense or sales charges. Returns for periods of less than one year are not annualized.
Ratings 2
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Positions
As of 11/30/2025 (Updated Monthly)
Number of Issuers
- Fund
- 71
- Benchmark
- 870
Portfolio Statistics
As of 11/30/2025 (Updated Monthly)
Price to Book
- Fund
- 2.85x
- Benchmark
- 2.96x
- Fund
- 16.38x
- Benchmark
- 17.78x
- Fund
- $491.98 Billion
- Benchmark
- $406.70 Billion
- Fund
- $82.00 Billion
- Benchmark
- $14.69 Billion
Sector Allocation
As of 11/30/2025 % of Total (Updated Monthly)
| Sector | % of Total | Benchmark |
|---|---|---|
Financials | 19.97% | 21.90% |
Health Care | 13.28% | 12.46% |
Industrials | 11.32% | 12.91% |
Information Technology | 10.28% | 10.96% |
Consumer Staples | 9.54% | 7.41% |
Consumer Discretionary | 8.08% | 7.55% |
Communication Services | 6.03% | 8.41% |
Materials | 5.62% | 3.95% |
Energy | 5.39% | 5.81% |
Utilities | 4.31% | 4.59% |
Real Estate | 1.99% | 4.05% |
Cash & Other Net Assets | 4.20% | — |
Holdings
As of 11/30/2025 (Updated Monthly)
ALPHABET INC-CL A SEDOL BYVY8G0
CITIGROUP INC SEDOL 2297907
Cash and Equivalents
CISCO SYSTEMS INC SEDOL 2198163
MICROSOFT CORP SEDOL 2588173
AMAZON.COM INC SEDOL 2000019
WALMART INC SEDOL 2936921
EXXON MOBIL CORP SEDOL 2326618
NEXTERA ENERGY INC SEDOL 2328915
BANK OF AMERICA CORP SEDOL 2295677
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Pricing
Pricing History
As of 01/08/2026 (Updated Daily)
Daily Fund Prices
As of 01/08/2026
Share Prices
As of 01/08/2026
- NAV
(Net Asset Value) - $26.79
- NAV Change
- $0.21
- NAV Change (%)
- 0.79%
52-Week Range
- Highest NAV
As of 01/06/2026 - $26.88
- Lowest NAV
As of 04/08/2025 - $19.73
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Putnam Large Cap Value Trust | |||
| Performance Flyer Putnam Large Cap Value Trust Class I | |||
| Performance Flyer - Putnam Large Cap Value Trust | |||
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Putnam Large Cap Value Trust | |||
| Disclosure - DCIO Funds Group Trust Schedule C | |||
| Disclosure for ERISA 408(b)(2) - Putnam Large Cap Value Trust, Class I | |||
| Certification Letter - Putnam Large Cap Value Trust Fund | |||
| Offering Statement - Large Cap Value Trust - Class I Units |
Risks
All investments involve risks, including possible loss of principal. The investment style may become out of favor, which may have a negative impact on performance. Dividends may fluctuate and are not guaranteed, and a company may reduce or eliminate its dividend at any time. Active management does not ensure gains or protect against market declines. These and other risks are discussed in the fund’s offering statement.
Important Information
Retirement Advantage Trusts, Stable Value Funds, U.S. Research Trust, and Large Cap Value Trust are collective trusts managed and distributed by Putnam Fiduciary Trust Company, LLC ("PFTC"), a non-depository New Hampshire trust company. However, it is not FDIC insured; is not a deposit or other obligation of, and is not guaranteed by, PFTC or any of its affiliates. The fund is not a mutual fund registered under the Investment Company Act of 1940, and its units are not registered under the Securities Act of 1933. The fund is only available for investment by eligible, qualified retirement plan trusts, as defined in the declaration of trust and participation agreement.
The offering document includes investment objectives, risks, charges, expenses, and other information that you should read and consider carefully before investing.
Putnam Fiduciary Trust Company and Putnam Investments are Franklin Templeton companies. Services offered by Franklin Distributors, LLC. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
The Russell 1000 Value Index measures the performance of the large-cap value segment of the U.S. equity universe.
Source: FTSE.