Putnam Research Fund Class A

Frequently Asked Questions About PNRAX

What does PNRAX invest in?

This fund primarily allocates capital to the equity securities of major U.S. corporations. The portfolio managers seek out companies, encompassing both growth-oriented and value-focused opportunities, that they believe offer promising investment prospects. For example, one strategy involves acquiring shares of businesses whose current market price appears to be less than their underlying intrinsic worth, as determined by the management team. Moreover, the managers also evaluate other qualitative and quantitative elements they anticipate will drive an increase in a stock's valuation.

What is the expense ratio of PNRAX?

Putnam Research Fund Class A (PNRAX) charges an expense ratio of 0.88%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PNRAX?

Putnam Research Fund Class A (PNRAX) manages $758.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PNRAX actively managed or an index fund?

PNRAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PNRAX launched?

Putnam Research Fund Class A (PNRAX) launched in September 1995 and is managed by the fund issuer.

How has PNRAX performed?

PNRAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.