Putnam Equity Income APEYAX

Morningstar Rating

Fund Research and Analysis

by Jonathan Rahbar

Putnam Equity Income continues to stand out.

Putnam has struggled as a firm over the past decade. Regulatory issues in the early 2000s and a persistent bout of poor performance across its lineup left very little to be desired at the family. The firm has been trying to rebuild its battered image by introducing a more research-intensive process for picking securities. Read more

Kudos

The fund has held up well in down markets.

Strong long-term performance.

Competitive fees. Read more

Risks

Will likely lag in growth-led markets. Read more

Strategy

Bart Geer and his team of managers look for inexpensive stocks with high dividend yields. The team wants to own companies that have a catalyst for change, such as a new management team or business strategy. Read more

Management

Lead manager Bart Geer joined the team in December 2000 after serving as an equity- and bond-fund manager at State Street for 13 years. Noah Rumpf joined in April 2008, replacing quantitative manager Austin Kairnes, who had left Putnam to pursue other opportunities. Read more

Inside Scoop

The fund buys undervalued stocks with some catalyst for a turnaround. Like many Putnam funds, it blends fundamental and quantitative investing. Read more

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