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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
$31.69
As of 11/04/2026
YTD Total Returns At NAV 1
20.95%
Collective Investment Trusts (CITs) are available only to qualified retirement plans, such as 401(k) defined contribution plans and governmental plans.
Overview
Fund Facts
Fund description
The fund seeks capital growth and current income.
- Fund Inception Date
- 07/03/2018
- Total Net Assets
As of 09/30/2026 (Updated Monthly) - $14.54 Billion
- Number of Issuers
As of 09/30/2026 (Updated Monthly) - 67
Identifiers
- Ticker
- —
- CUSIP Code
- 746750306
Average Annual Total Returns As of 09/30/2026
Class I - NET
- 20.07%1 Year
- 21.36%3 Years
- 14.51%5 Years
- —10 Years
- 14.11%Since Inception
07/03/2018
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.
Top Sectors
As of 09/30/2026 % of Total (Updated Monthly)
Information Technology22.05% | |
Financials17.72% | |
Health Care14.83% | |
Industrials10.00% | |
Consumer Discretionary8.92% |
Additional Fund Info
- Share Class Inception Date
- 07/03/2018
- Investment Style
- Value
- Morningstar Category
4 - Large Value
Manager
About the Team
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 09/30/2026
Selected Month September 2026
Class I - NET (%)
Month End
As of 09/30/2026
- 1 Year
- 20.07
- 3 Years
- 21.36
- 5 Years
- 14.51
- 10 Years
- —
- Since Inception(07/03/2018)
- 14.11
Russell 1000 Value Index (%)
Month End
As of 09/30/2026
- 1 Year
- 23.81
- 3 Years
- 20.07
- 5 Years
- 11.92
- 10 Years
- 11.43
- Since Inception(07/03/2018)
- 11.64
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
©2026 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 09/30/2026 (Updated Monthly)
Number of Issuers
- Fund
- 67
- Benchmark
- 869
Portfolio Statistics
As of 09/30/2026 (Updated Monthly)
Price to Earnings (12-Month Forward)
- Fund
- 15.71x
- Benchmark
- 17.06x
- Fund
- 3.51x
- Benchmark
- 3.36x
- Fund
- 100,521.22x
- Benchmark
- 14,831.33x
- Fund
- $939.83 Billion
- Benchmark
- $858.16 Billion
Market Capitalization Allocation 5
As of 09/30/2026 % of Equity (Updated Quarterly)
| Market Capitalization | Fund | Benchmark |
|---|---|---|
| <2 Billion | — | 0.02% |
| 2-6.5 Billion | — | 1.56% |
| 6.5-35 Billion | 7.16% | 17.05% |
| 35-150 Billion | 33.62% | 26.95% |
| >150 Billion | 59.22% | 54.43% |
Holdings
As of 09/30/2026 (Updated Monthly)
Microsoft Corp
Apple Inc
Amazon.com Inc
Citigroup Inc
Exxonmobil Holdings Corp
AbbVie Inc
Cisco Systems Inc
Philip Morris International Inc
Coca-Cola Co/The
Advanced Micro Devices Inc
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 11/04/2026 (Updated Daily)
Daily Fund Prices
As of 11/04/2026
Share Prices
As of 11/04/2026
- NAV
(Net Asset Value) - $31.69
- NAV Change
- $0.66
- NAV Change (%)
- 2.13%
52-Week Range
- Highest NAV
As of 11/04/2026 - $31.69
- Lowest NAV
As of 11/20/2025 - $24.65
Documents
Fund Literature
Factsheet - Putnam Large Cap Value Trust
Performance Flyer Putnam Large Cap Value Trust Class I
Flyer - Putnam Large Cap Value Trust
Regulatory Documents
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.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.