Seeks companies with durable growth potential across market capitalization and style spectrum
Strategy highlights
Flexibility to invest across size and style
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
Inception date
August 31, 2018
Benchmark
Russell 3000 Index
Total strategy assets†
$7.4B
(as of September 2025)
Investment vehicles
Separate account
SMA/Model
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
Performance
- Annualized performance
- Calendar-year performance
Annualized performance
Calendar-year performance
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.
Important disclosures
The Putnam Investments U.S. Core Equity Concentrated Composite (the "Composite") seeks capital appreciation through investment in common stocks (growth stocks, value stocks, or both) of U.S. companies of any size with favorable investment potential. The strategy uses a disciplined, fundamental investment process with three buckets of idea generation: legacy companies, smart-money indicators, and special situations. Accounts in the Composite are more concentrated, typically holding approximately 30-50 securities. Composite returns may, therefore, have a lower correlation with the benchmark than a broader U.S. Core Equity Concentrated composite. The Composite's benchmark is the Russell 3000 Index. Leverage is not utilized in any account in this Composite. Accounts in the Composite may invest in derivatives, including futures, options, and swaps, for both hedging and non-hedging purposes. The Composite includes all fully discretionary accounts managed by Putnam Investments in this concentrated investment style. The Composite inception date was August 31, 2018. The Composite creation date was November 29, 2018. Effective December 1 2022, the U.S. Multi-Cap Core Equity Concentrated Composite was renamed the U.S. Core Equity Concentrated Composite.
The Russell 3000 Index is an unmanaged index of the 3,000 largest U.S. companies. Benchmarks are generally taken from published sources and may have different calculation methodologies, pricing times, and foreign exchange sources from the Composite.
Franklin Templeton (FT) is not undertaking to provide impartial advice. Nothing herein is intended to provide fiduciary advice. FT has a financial interest.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
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Putnam Investments is a Franklin Templeton company.
The Institutional Investor section of the website is intended for the sole use of institutional investors. Retail investors and any other persons who are not institutional investors should not act or rely on this information.
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. This material is made available by the following Franklin Templeton entities in those countries where it is allowed to carry out relevant business. This strategy may not be available in all countries. Please seek advice from your local sales agent or visit the website shown at the end of this section for contact details and further information.
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: FTIS Branch Amsterdam, 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.