- #OUTLOOK FOR MAC 15.33 HAVING TO CONSTANTLY ENTER PASSWORD? PROFESSIONAL#
- #OUTLOOK FOR MAC 15.33 HAVING TO CONSTANTLY ENTER PASSWORD? SERIES#
- #OUTLOOK FOR MAC 15.33 HAVING TO CONSTANTLY ENTER PASSWORD? FREE#
The broad S&P 500 Index fell to –1.72% during the period, and the MSCI World Index declined 2.61%, but both indexes actually moved by greater amounts downward and upward during the period. Large-cap stocks and their mid- and small-cap counterparts had declined because of worries over global economic growth and rising real interest rates.
Equity markets sold off significantly during the fourth quarter of 2018 before a sharp reversal at the beginning of this year.
#OUTLOOK FOR MAC 15.33 HAVING TO CONSTANTLY ENTER PASSWORD? SERIES#
Global financial markets were marked by a series of ups and downs during the six-month period. What was the market environment during the reporting period ended March 31, 2019? Schoen are also Portfolio Managers of the fund. He joined Putnam in 1999 and has been in the investment industry since 1993.
from the Booth School of Business at the University of Chicago and a B.S. Jason is Co-Head of Global Asset Allocation. Index descriptions can be found on pages 16–17. See above and pages 10–11 for additional fund performance information. This comparison shows your fund’s performance in the context of broad market indexes for the six months ended 3/31/19. ‡ Returns for the six-month period are not annualized, but cumulative. † The fund’s secondary benchmark, the Putnam Growth Blended Benchmark, was introduced on 12/31/94, which post-dates the inception of the fund’s class A shares. Aggregate Bond Index, 5% the JPMorgan Developed High Yield Index, and 5% the MSCI Emerging Markets Index (GD). * Putnam Growth Blended Benchmark is a blended benchmark administered by Putnam Management and comprises 60% the Russell 3000 Index, 15% the MSCI EAFE Index (ND), 15% the Bloomberg Barclays U.S. To obtain the most recent month-end performance, visit. For a portion of the periods, the fund had expense limitations, without which returns would have been lower. See below and pages 10–11 for additional performance information. Fund returns in the bar chart do not reflect a sales charge of 5.75% had they, returns would have been lower. Performance of class A shares assumes reinvestment of distributions and does not account for taxes. Share price, principal value, and return will fluctuate, and you may have a gain or a loss when you sell your shares. Your financial advisor can help in many ways, including defining and planning for goals such as retirement, evaluating the level of risk appropriate for you, and reviewing your investments on a regular basis and making adjustments as necessary.Īs always, your fund’s Board of Trustees remains committed to protecting the interests of Putnam shareholders like you, and we thank you for investing with Putnam.Ĭurrent performance may be lower or higher than the quoted past performance, which cannot guarantee future results.
#OUTLOOK FOR MAC 15.33 HAVING TO CONSTANTLY ENTER PASSWORD? PROFESSIONAL#
For over 80 years, Putnam has recognized the importance of professional investment advice. Putnam’s portfolio managers and analysts take a research-intensive approach that includes risk management strategies designed to serve you through changing conditions.Īnother key strategy, in our view, is seeking the counsel of a financial advisor. We also believe your mutual fund investment offers a number of advantages, including constant monitoring by experienced investment professionals who maintain a long-term perspective. We believe that one strategy is to diversify across different asset classes and investment approaches. If there is any lesson to be learned from constantly changing financial markets, it is the importance of positioning your investment portfolio for your long-term goals. If you already receive these reports electronically, no action is required. If you invest directly with Putnam, your choice will apply to all Putnam funds in your account. If you invest through a bank or broker, your choice will apply to all funds held in your account.
#OUTLOOK FOR MAC 15.33 HAVING TO CONSTANTLY ENTER PASSWORD? FREE#
If you wish to stop receiving paper reports sooner, or if you wish to continue to receive paper reports free of charge after January 1, 2021, please see the back cover or insert for instructions. Instead, they will be on Putnam’s website, and you will be notified by mail whenever a new one is available, and provided with a website link to access the report. In accordance with regulations adopted by the Securities and Exchange Commission, beginning on January 1, 2021, reports like this one will no longer be sent by mail unless you specifically request it. IMPORTANT NOTICE: Delivery of paper fund reports Interview with your fund’s portfolio manager
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