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Strategy highlights

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 strong long-term performance

Inception date

October 31, 2010

Benchmark

Russell 3000 Index

Total strategy assets†

$7.4B
(as of September 2025)

Investment vehicles

Separate account
U.S. mutual fund

 

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 initial investment. Actual results could be materially different from the stated goals. Investors should carefully consider the risks involved before deciding to invest. As with any investment, there is a potential for profit as well as the possibility of loss.

†Assets may include accounts that are not reflected in the composite.

Investment Team

Jerry Sullivan

Texas, United States

Managed Fund Since 2010

Arthur Yeager

Texas, United States

Managed Fund Since 2017

Walter Scully

Massachusetts, United States

Managed Fund Since 2025

 

 

Performance

  • Annualized performance
  • Calendar-year performance

Annualized performance

Annualized composite performance (%)

As of 10/31/2025

Chart

Bar chart with 3 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 14.08 to 23.91.
End of interactive chart.

Month End   As of 10/31/2025
Putnam U.S. Core Equity Gross (%)
1 Year  
19.72
3 Years  
23.91
5 Years  
20.20
10 Years  
15.96
Month End   As of 10/31/2025
Putnam U.S. Core Equity Net (%)
1 Year  
19.06
3 Years  
23.22
5 Years  
19.54
10 Years  
15.32
Month End   As of 10/31/2025
Russell 3000 Index (%)
1 Year  
20.81
3 Years  
21.76
5 Years  
16.74
10 Years  
14.08

Past performance is not a guarantee of future results. An investment in this strategy could lose value. Most recent month-end performance is preliminary. Returns are subject to change.

Gross performance includes the deduction of transaction costs but does not include the deduction of management fees and other expenses that may be incurred in managing an investment account. A portfolio's return will be reduced by advisory and other fees. Net performance reflects the deduction of a model fee applied on a monthly basis, equal to the actual management fee incurred by a portfolio in the composite or the highest management fee that would be charged to a prospect of the strategy, whichever is higher. The model fee may change over time. Actual advisory fees may vary among clients with the same investment strategy. The composite includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy.

Performance results are of the composite. To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236. Putnam Investments claims compliance with the Global Investment Performance Standards (GIPS® ). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

Periods less than one year are not annualized. Performance is stated in U.S. dollars and includes the reinvestment of dividends and interest

Calendar-year performance

Calendar-year composite performance (%)

As of 10/31/2025


Chart

Bar chart with 3 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -19.21 to 33.46.
End of interactive chart.

Month End   As of 10/31/2025
Putnam U.S. Core Equity Gross (%)
YTD  
16.08
2024  
27.48
2023  
28.95
2022  
-15.23
2021  
31.68
2020  
18.57
2019  
33.46
2018  
-7.19
2017  
25.00
2016  
14.55
2015  
-2.06
Performance Inception Date  
10/31/2010
Month End   As of 10/31/2025
Putnam U.S. Core Equity Net (%)
YTD  
15.55
2024  
26.77
2023  
28.24
2022  
-15.70
2021  
30.96
2020  
17.91
2019  
32.72
2018  
-7.71
2017  
24.30
2016  
13.90
2015  
-2.61
Performance Inception Date  
10/31/2010
Month End   As of 10/31/2025
Russell 3000 Index (%)
YTD  
16.85
2024  
23.81
2023  
25.96
2022  
-19.21
2021  
25.66
2020  
20.89
2019  
31.02
2018  
-5.24
2017  
21.13
2016  
12.74
2015  
0.48
Performance Inception Date  
—

Past performance is not a guarantee of future results. An investment in this strategy could lose value. Most recent month-end performance is preliminary. Returns are subject to change.

Gross performance includes the deduction of transaction costs but does not include the deduction of management fees and other expenses that may be incurred in managing an investment account. A portfolio's return will be reduced by advisory and other fees. Net performance reflects the deduction of a model fee applied on a monthly basis, equal to the actual management fee incurred by a portfolio in the composite or the highest management fee that would be charged to a prospect of the strategy, whichever is higher. The model fee may change over time. Actual advisory fees may vary among clients with the same investment strategy. The composite includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy.

Performance results are of the composite. To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236. Putnam Investments claims compliance with the Global Investment Performance Standards (GIPS® ). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

Periods less than one year are not annualized. Performance is stated in U.S. dollars and includes the reinvestment of dividends and interest

Literature

 

What Are The 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. 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.