Putnam Research APNRAX

Morningstar Rating

Fund Research and Analysis

by Jonathan Rahbar

The analyst team at Putnam Research has been restored, but will they succeed?

This fund has seen a slew of management changes over the past couple of years. Emerging from the turnover is current lead manager Andy Matteis, who joined Putnam in 1993. Read more

Kudos

None. Read more

Risks

Poor long-term record.

Management team has been extremely unstable; five comanagers have left the firm since early 2007.

Personnel turnover in Putnam's analyst ranks has been high in recent years. Read more

Strategy

Putnam's analysts run the show here, choosing their favorite stocks for the portfolio. The analysts employ a fairly straightforward bottom-up approach, looking for well-managed companies that trade at reasonable valuations and have some catalyst, such as a new product, for continued growth. Read more

Management

This fund's management team has experienced tremendous turnover since late 2007. Both Josh Brooks, director of domestic large-cap equities, and Kelly Morgan, co-director of research, left Putnam around year-end 2007. The firm has named Andy Matteis, director of global credit research, as their successor. Read more

Inside Scoop

Putnam's pool of equity analysts picks the stocks for this large-blend offering. Newly installed director of domestic large-cap equities Andy Matteis oversees the analyst team. Read more

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