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Putnam U.S. Core Equity Concentrated SMA

As of 09/30/2025

Year to Date Returns (Net)

14.19%

 
 

Year to Date Returns (Gross)

15.89%

 

Overview

Investment Overview

Opportunistic across a wide range of stocks
 

  • Flexibility to invest across size and style - Seeks companies with durable growth potential across market capitalization and style spectrum
  • Disciplined research process - Pursues long-term, underappreciated growth potential driven by earnings growth, cash flow growth, and upward revaluation potential
  • Rigorous stock selection - Aims to benefit from long-term compounding of portfolio companies to drive superior long-term performance

No assurance can be given that the investment objective will be achieved or that an investor will receive a return of all or part of his or her investment. Actual results could be materially different from the stated goals. Investors should carefully consider the risk involved before deciding to invest. As with any investment, there is a potential for profit as well as the possibility of loss.

Portfolio Managers

Jerry Sullivan

Texas, United States

Managed Fund Since 2018

Arthur Yeager

Texas, United States

Managed Fund Since 2018

Performance

Portfolio

Portfolio Holdings

Top Equity Issuers

As of 10/31/2025 Updated Monthly

Chart

Bar chart with 10 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 2.18652 to 7.62809.
End of interactive chart.
Fund
NVIDIA 7.63%
Microsoft 7.17%
Apple 6.59%
Alphabet 5.78%
Amazon 4.60%
Meta Platforms 3.23%
Bank of America 2.61%
Broadcom 2.46%
Lam Research 2.36%
Goldman Sachs 2.19%

Documents

Product Literature

PDF Format

Factsheet - Putnam U.S. Core Equity Concentrated SMA - Primerica Use Only

PDF Format

Portfolio Holdings - Putnam US Core Equity Concentrated SMA

Mailed hardcopies unavailable.

Risks

What Are The Key Risks?

All investments involve risks, including possible loss of principal. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. The investment style may become out of favor, which may have a negative impact on performance. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility.  The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the performance and result in greater fluctuation in value. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated.

This website is intended for Primerica.