![[Katherine Collinss avatar]](https://franklintempletonprod.widen.net/content/icp40wwi6l/webp/Collins_Katherine_500x500.png){kind=avatar}
Managed Fund Since 2017
Equity
PMVAX Putnam Sustainable Future Fund
- Solutions focus. Invests in companies whose products and services provide solutions to key sustainability challenges.
- Active research process. Integrates relevant and forward-looking sustainability analysis with high-quality fundamental research to drive investment decisions.
- Integrated, experienced team. Managed by dedicated and experienced sustainable investing team embedded within Putnam's equity research and quantitative/risk analysis groups.
Popular Documents
Overview
Fund Facts
Fund description
The fund seeks long-term capital appreciation. The fund invests in companies whose products and services provide solutions to key sustainability challenges.
- Benchmark
- Russell Midcap Growth Index
- Additional Benchmark
- Putnam Sustainable Future Linked Benchmark
- Fund Inception Date
- 11/01/1999
- Dividend Frequency, if any
- Annually
- Portfolio Turnover
- 80%
Identifiers
- Ticker
- PMVAX
- Fund Number
- 056
- CUSIP Code
- 746802511
Average Annual Total Returns As of 10/31/2025
Class A
- -0.78%1 Year
- 12.32%3 Years
- 3.91%5 Years
- 8.54%10 Years
- 9.41%Since Inception
10/29/1999
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 10/31/2025 % of Total (Updated Monthly)
Additional Fund Info
- Share Class Inception Date
- 11/01/1999
- Investment Style
- Growth
- Lipper Classification
- Multi-Cap Growth Funds
- Morningstar Category
- Mid-Cap Growth
Manager and Commentary
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
![[Stephanie Dobsons avatar]](https://franklintempletonprod.widen.net/content/sn5osmqdqk/webp/Dobson_Stephanie_500x500.png){kind=avatar}
Managed Fund Since 2018
![[Rob Forkers avatar]](https://franklintempletonprod.widen.net/content/2g6ylea7ea/webp/Forker_Rob_500x500.png){kind=avatar}
Managed Fund Since 2025
Latest Insights
August 14, 2025
March 19, 2025
Performance
Risk Measures
As of 10/31/2025
Class A - Without Sales Charge (NAV)
Measured against: Russell Midcap Growth Index
Statistics
Beta
Historical Tracking Error
Information Ratio
Standard Deviation (%)
Class A
Sharpe Ratio (%)
Class A
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Ratings 6
©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
Assets
As of10/31/2025 (Updated Monthly)
- Total Net Assets
- $373.54 Million
Positions
As of 10/31/2025 (Updated Monthly)
Number of Issuers
- Fund
- 77
Portfolio Statistics
As of 10/31/2025 (Updated Monthly)
Price to Book
- Fund
- 6.05x
- Fund
- $92.64 Billion
- Fund
- 28.53x
Market Capitalization Allocation
As of 10/31/2025 % of Total (Updated Monthly)
| Market Capitalization | Fund |
|---|---|
| Less than $1.7B | 2.70% |
| $1.7B - $6.3B | 7.99% |
| $6.3B - $36.6B | 38.26% |
| $36.6B - $155.9B | 39.02% |
| Over $155.9B | 10.43% |
| Cash and other assets | 1.60% |
Holdings
As of 09/30/2025 (Updated Monthly)
VERTIV HOLDINGS CO-A SEDOL BL3LWS8
HILTON WORLDWIDE HOLDINGS IN SEDOL BYVMW06
VISTRA CORP SEDOL BZ8VJQ8
DATADOG INC - CLASS A SEDOL BKT9Y49
ALNYLAM PHARMACEUTICALS INC SEDOL B00FWN1
QUANTA SERVICES INC SEDOL 2150204
VERISK ANALYTICS INC SEDOL B4P9W92
ROBLOX CORP -CLASS A SEDOL BMWBC20
HUBSPOT INC SEDOL BR4T3B3
IDEXX LABORATORIES INC SEDOL 2459202
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.
Distributions & Tax
- Distribution Frequency
- AnnuallyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
12/22/2025
Pricing
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Putnam Sustainable Future Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Putnam Sustainable Future Fund Class A | |||
| Annual Financial Statements and Other Information - Putnam Sustainable Future Fund | |||
| Semi-Annual Report - Putnam Sustainable Future Fund - Class A | |||
| Semi-Annual Financial Statements and Other Information - Putnam Sustainable Future Fund | |||
| Prospectus - Putnam Sustainable Future Fund | |||
| Summary Prospectus - Putnam Sustainable Future Fund | |||
| Statement Of Additional Information - Putnam Sustainable Future Fund. | |||
| Fiscal Q1 Holdings - Putnam Sustainable Future Fund | |||
| Fiscal Q3 Holdings - Putnam Sustainable Future Fund |
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. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. The managers' environmental, social and governance (ESG) strategies may limit the types and number of investments available and, as a result, may forgo favorable market opportunities or underperform strategies that are not subject to such criteria. There is no guarantee that the strategy's ESG directives will be successful or will result in better performance. Active management does not ensure gains or protect against market declines. These and other risks are discussed in the fund's prospectus.
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The Russell Midcap Growth Index measures the performance of the mid-cap growth segment of the U.S. equity universe.
Source: FTSE.
The Putnam Sustainable Future Linked Benchmark represents the performance of the Russell 3000® Value Index through March 20, 2018, and the performance of the Russell Midcap® Growth Index thereafter.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
Putnam funds are not exchangeable for other funds distributed by Franklin Distributors, LLC.
Franklin Distributors, LLC. Member FINRA/SIPC. Putnam Investment is a Franklin Templeton company. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.