George Putnam of Boston APGEOX

Morningstar Rating

Fund Research and Analysis

by Jonathan Rahbar

George Putnam of Boston has to prove it's past its tough past.

David Calabro came out of retirement in May 2008 to take on some new challenges at Putnam, including taking the reins at this fund. Prior to retiring, Calabro was the lead manager at MFS Total Return MSFRX for nearly 10 years and posted good returns throughout his tenure there. Read more

Kudos

Reasonable expenses. Read more

Risks

Lots of management changes over the years.

Poor performance over the past several years.

Putnam has seen significant turnover in its analyst and executive ranks in recent years. Read more

Strategy

This fund typically keeps about 60% of assets in stocks and 40% in bonds. Lead manager David Calabro runs the stock portion, using fundamental research to identify attractively valued industries and undervalued stocks in those industries. Read more

Management

David Calabro, who had been retired since leaving MFS Total Return in 2005, replaced former manager Jeanne Mockard on the equity side of the fund in November 2008. Calabro posted decent returns throughout his tenure as the lead manager at MFS Total Return. Read more

Inside Scoop

This is one of the oldest mutual funds around. But it's got a new look. Its current manager came out of retirement in 2008 to take over after a management shake-up here. Read more

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