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A message from Kate Lakin, Portfolio Manager and Director of Research

Learn about Putnam’s U.S. research strategy and the disciplined team working to deliver performance excellence for investors.

A portfolio built on research by industry experts

Putnam U.S. Research is a sector-neutral portfolio that seeks to outperform the S&P 500 Index. It invests in the best ideas from Putnam analysts, and its goal is to drive outperformance predominantly from stock selection.

Best-ideas approach

Invests in stocks that represent the highest-conviction ideas from Putnam’s Equity Research team.

Tenured sleeve managers

The portfolio consists of sector-specific sleeves; each sleeve is managed by an analyst with full autonomy to make all buy/sell decisions.

Risk management sleeve

This unique sleeve is 10% of total portfolio assets and allows for additional control over the portfolio’s risk profile.

A tenured team with individual accountability and a collective pursuit of outperformance

Portfolio Managers Kate Lakin and Matt LaPlant, CFA, are responsible for portfolio construction and risk management for the strategy overall. Sector analysts are solely responsible for their sleeve decisions, but they do collaborate with other analysts to build confidence in ideas. The risk management sleeve, managed by Matt, invests in the top ideas across sector sleeves.

Kate Lakin

Director of Research
Portfolio Manager

Matt LaPlant, CFA

Portfolio Manager
Quantitative Analyst

Extensive expertise behind every sector-specific sleeve

Thoughtful portfolio construction
  • Significant “active bets” within sleeves
  • Low correlation between sleeves
  • Managers consider multiple outcomes with a focus on potential downside exposure
     
Risk management is embedded in portfolio construction
  • Source: Start with the 5–6 highest-conviction stocks held within each sector sleeve
  • Optimize: Run the portfolio through our optimization tool to understand its risk profile
  • Implement: Risk management sleeve adds to existing positions to minimize any structural biases or factor tilts identified by our risk model

putnam us research strategy: team and risk

Get more insights on the portfolio and research at Putnam

Download A best-ideas portfolio with integrated risk management to learn more about the portfolio’s management team and its collective pursuit of outperformance.

 

US Research brochure cover

Explore multiple ways to invest

Equity Strategy Separate Account Mutual Fund SMA/Model ETF CIT UCITS
U.S. Research U.S. Large Cap Growth | Separate Account U.S. Large Cap Growth | Mutual Fund       U.S. Large Cap Growth | UCITS

 

 

About Putnam Investments

Putnam is a diversified equity-only asset manager serving investors worldwide. With roots dating back to 1937, we offer decades of experience in changing markets and investment professionals with extensive knowledge of industries and sectors. As a Franklin Templeton company, we benefit from the resources, scale, and stability of one of the world's largest asset managers.

Products, services and information may not be available in all jurisdictions and are offered outside the U.S. by other FT affiliates and/or their distributors as local laws and regulation permits. Please consult your own financial professional or Franklin Templeton institutional contact for further information on availability of products and services in your jurisdiction.

This material is intended to be of general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. It does not constitute legal or tax advice. The views expressed are those of the investment manager and the comments, opinions and analyses are rendered as at publication date and may change without notice. The information provided in this material is not intended as a complete analysis of every material fact regarding any country, region or market.

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. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. 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. These and other risks are discussed in the fund's prospectus.

Americas:
Canada: Franklin Templeton Investments Corp., 200 King Street West, Suite 1500, Toronto, ON, M5H 3T4, (800) 387-0830, Fax: (416) 364-1163, www.franklintempleton.ca. 
United States and Latin America: Franklin Resources, Inc. and its subsidiaries offer investment management services through multiple investment advisers registered with the SEC. Franklin Templeton, One Franklin Parkway, San Mateo, CA 94403-1906, 1-800-321-8563, ftinstitutional.com.    
EMEA: 
UK: Franklin Templeton Investment Management Limited (FTIML), registered office: Cannon Place, 78 Cannon Street, London, EC4N 6HL. Tel +44 (0)20 7073 8500. Authorised and regulated in the United Kingdom by the Financial Conduct Authority. 
Luxembourg: Franklin Templeton International Services S.à r.l. (FTIS), registered office 8A, rue Albert Borschette, L-1246 Luxembourg. Authorised and regulated in Luxembourg by the Commission de Surveillance du Secteur Financier (CSSF) and authorised to conduct specific investment business in other European countries via UCITS and AIFMD outward service or via any of the following outbound FTIS S.à.r.l. branches as listed below:   
Germany: FTIS Branch Frankfurt, Mainzer Landstr. 16, 60325 Frankfurt/Main, Germany. Tel +49 (0) 69/27223-557, Fax +49 (0) 69/27223-622, [email protected]. With regards to the provision of our service (e.g. for distribution of investment funds), we receive payments from within our Group covering for all costs of the services provided. Additionally, we receive a margin of 5-10 % for tax law purposes on all of the incurred and claimed costs. Inducements are being used to guarantee, maintain, further enhance or to facilitate the quality of the investment services provided to you. We make use of the payments received to establish and to maintain an efficient infrastructure of high quality when providing our services. For example for maintenance and expansion of our infrastructure of high quality and human resources -especially staff-related costs, costs for further trainings for our staff, expansion of information technology and costs for our forms -and consequently, enhancing our client services. We are positive that the information mentioned above gives you a clear picture about the inducements we receive when providing our services. We are happy to answer any further questions and of course offer providing you more information.
Netherlands: Franklin Templeton International Services Sàrl, Dutch branch, NoMA House, Gustav Mahlerlaan 1212, 1081 LA, Amsterdam, Netherlands. Tel +31 (0) 20 575 2890.
Romania: Franklin Templeton International Services S.À R.L. Luxembourg, Bucharest Branch, at 78-80 Buzesti Str, Premium Point, 8th Floor, Bucharest 1, 011017, Romania. Registered with Romania Financial Supervisory Authority under no. PJM07.1AFIASMDLUX0037/10 March 2016 and authorized and regulated in Luxembourg by Commission de Surveillance du Secture Financiere. Telephone: + 40 21 200 9600.
Spain: Franklin Templeton International Services S.à r.l.  -Spanish Branch, Professional of the Financial Sector under the Supervision of CNMV, José Ortega y Gasset 29, Madrid, Spain. Tel +34 91 426 3600, Fax +34 91 577 1857.
Sweden: FTIS Branch Stockholm, Blasieholmsgatan 5, SE-111 48, Stockholm, Sweden. Tel +46 (0)8 545 012 30, [email protected].
South Africa: Franklin Templeton Investments SA (PTY) Ltd., which is an authorised Financial Services Provider. Kildare House, The Oval, 1 Oa kdale Road,
Newlands, 7700 Cape Town, South Africa. Tel +27 (21) 831 7400, Fax +27 (11) 341 2301, www.franklintempleton.co.za. 
Switzerland: Franklin Templeton Switzerland Ltd., Stockerstrasse 38, CH 8002 Zurich, Switzerland. Tel +41 44 217 81 81, Fax +41 44 217 81 82, [email protected].
United Arab Emirates: Issued by Franklin Templeton Investments (ME) Limited, authorised and regulated by the Dubai Financial Services Authority. Dubai office: Franklin Templeton Investments, The Gate, East Wing, Level 2, Dubai International Financial Centre, P.O. Box 506613, Dubai, U . E. Tel +9714 4284100, Fax +9714 4284140.
This is not an offer to sell or a solicitation of an offer to purchase securities in any jurisdiction where it would be illegal to do so.