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Strategy highlights

Uncovering the potential to expand earnings

Takes a multipronged approach by applying fundamental, quantitative, and technical analysis to generate ideas and identify unique opportunities

Companies poised for revaluation

Applies bottom-up research process that considers valuation, catalyst, and quality indicators, with the goal of finding companies poised for revaluation

Driving returns through stock selection

Seeks to maximize stock-specific risk and minimize unintended factor risk through an active portfolio construction discipline

Inception date

March 31, 1993

Benchmark

Russell 2000 Value Index

Total strategy assets†

$380.57M
(as of September 2025)

Investment vehicles

Separate account
U.S. mutual fund
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

Mike Petro, CFA®

Massachusetts, United States

Managed Fund Since 2019

 

 

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 3.42 to 17.58.
End of interactive chart.

Month End   As of 10/31/2025
Putnam U.S. Small Cap Value Equity Gross (%)
1 Year  
4.26
3 Years  
9.00
5 Years  
17.58
10 Years  
9.53
Month End   As of 10/31/2025
Putnam U.S. Small Cap Value Equity Net (%)
1 Year  
3.42
3 Years  
8.13
5 Years  
16.64
10 Years  
8.65
Month End   As of 10/31/2025
Russell 2000 Value Index (%)
1 Year  
9.87
3 Years  
9.25
5 Years  
13.85
10 Years  
8.66

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 -19.43 to 41.26.
End of interactive chart.

Month End   As of 10/31/2025
Putnam U.S. Small Cap Value Equity Gross (%)
YTD  
2.21
2024  
7.46
2023  
25.06
2022  
-12.26
2021  
41.26
2020  
4.92
2019  
25.35
2018  
-18.78
2017  
9.19
2016  
28.35
2015  
-2.97
Performance Inception Date  
03/31/1993
Month End   As of 10/31/2025
Putnam U.S. Small Cap Value Equity Net (%)
YTD  
1.53
2024  
6.60
2023  
24.06
2022  
-12.96
2021  
40.13
2020  
4.07
2019  
24.35
2018  
-19.43
2017  
8.31
2016  
27.31
2015  
-3.79
Performance Inception Date  
03/31/1993
Month End   As of 10/31/2025
Russell 2000 Value Index (%)
YTD  
9.32
2024  
8.05
2023  
14.65
2022  
-14.48
2021  
28.27
2020  
4.63
2019  
22.39
2018  
-12.86
2017  
7.84
2016  
31.74
2015  
-7.47
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

 

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.