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Liquidity focus, strategic diversification: Putnam Stable Value

Amid market volatility, stable value strategies offer a compelling alternative for participants focused on stability and capital preservation, with the potential for returns that may surpass money market rates in certain market environments.

Putnam Stable Value aims to achieve bond-like returns while maintaining a stable net asset value, supporting participants' long-term goals and helping to reinforce the importance a capital preservation strategy can have in a retirement portfolio.

Distinct approach

Focus on liquidity management, allowing for greater stability of market/book ratio and crediting rate.

Deep expertise

Backed by over 50 years of stable value management and a robust fixed income platform with nearly 200 investment professionals.

Strong diversification

Utilizes multiple stable value investment types, including cash alternatives, traditional GICs, and actively managed wrapped strategies diversified by industry and issuer.

How it works

Seeks principal protection

Stable value funds invest in high-quality fixed income securities and use insurance contracts (or wrap agreements) to protect participants from short-term principal fluctuations.

Steady returns

Seeks to maintain stable, consistent returns across a full market cycle, offering a smoother experience for conservative investors and those seeking diversification within their retirement portfolio.

Liquidity

Stable value funds are structured to provide liquidity for plan participants; including benefit payments, exchanges, and transfers to other investment options.

Explore our stable value solutions

Putnam Stable Value Fund seeks to deliver returns similar to intermediate-term bonds over time while maintaining a stable net asset value. The strategy is focused on liquidity management, which we believe is critical to the effective management of a capital preservation strategy.

Pooled fund

Our CIT is available at a competitive fee and accessible across a broad range of recordkeeping platforms.

Separate accounts

Option for individual plans with $50 million or more in stable value assets.

Customized solutions

Providing plan sponsors with tailored solutions to support informed decisions and drive positive participant outcomes.

Explore our stable value fund

Approach

Our Putnam Stable Value Fund combines four key components in a withdrawal hierarchy for managing liquidity.
 

Meet our team

Our Putnam Stable Value Fund team

Steven A. Horner, CFA

Co-head of Stable Value

Jo Anne Ferullo, CFA

Co-head of Stable Value

Andrew C. Benson

Portfolio Manager

Michael Salm

Senior Vice President, Fixed Income

Resources

Revisiting capital preservation in DC plans

Find out why now may be the time to review this overlooked part of your plan's investments.

Access now

Structure matters

Discover a potentially smarter way to invest in stable value—balancing return and liquidity while reducing withdrawal risks.

Download

Putnam Stable Value performance update

Monthly update featuring key performance highlights of the Putnam Stable Value Funds.

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Contact us

Connect with your local Franklin Retirement Plan Specialist to explore our range of stable value funds, designed to preserve capital and provide principal stability for retirement plan participants.

Find the Franklin Retirement Plan Specialist in your area

All investments involve risks, including possible loss of principal. There can be no assurances that the fund will achieve its goal of capital preservation. The fund’s returns will fluctuate with interest rates and market conditions. The fund is not insured or guaranteed by any governmental agency. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. These and other risks are discussed in the fund’s offering statement.

Retirement Advantage Trusts, Stable Value Funds, and Large Cap Value Trust are collective trust managed and distributed by Putnam Fiduciary Trust Company, LLC ("PFTC"), a non-depository New Hampshire trust company. However, it is not FDIC insured; is not a deposit or other obligation of, and is not guaranteed by, PFTC or any of its affiliates. The fund is not a mutual fund registered under the Investment Company Act of 1940, and its units are not registered under the Securities Act of 1933. The fund is only available for investment by eligible, qualified retirement plan trusts, as defined in the declaration of trust and participation agreement.

The offering document includes investment objectives, risks, charges, expenses, and other information that you should read and consider carefully before investing.

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. There can be no assurance of any minimum level of investment performance or the success of any investment strategy. 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. Use of models and analytical, quantitative and risk management tools and techniques is no guarantee of investment success or positive performance.

Any information, statement or opinion set forth herein is general in nature, is not directed to or based on the financial situation or needs of any particular investor, and does not constitute, and should not be construed as, investment advice, a forecast of future events, a guarantee of future results, or a recommendation with respect to any particular security or investment strategy or type of retirement account. Investors seeking financial advice regarding the appropriateness of investing in any securities or investment strategies should consult their financial professional.

Most funds offer multiple fee schedules, subject to different fees and expenses, which will affect their performance.

Franklin Distributors, LLC. Member FINRA/SIPC.

Putnam Fiduciary Trust Company and Putnam Investments are Franklin Templeton companies.

Putnam funds are not exchangeable for other funds distributed by Franklin Distributors, LLC.