5 / 5 Stars
5 5 5 1 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
5 / 5 Stars
U.S. News evaluated 109 Mid-Cap Value Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 44.61 percent over the past year, and 22.62 percent over the past three years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.7%|
|3 Years (Annualized)||22.6%|
|5 Years (Annualized)||N/A|
|10 Years (Annualized)||N/A|
The investment seeks capital appreciation. The fund invests a majority of its assets in equity securities of leveraged U.S. companies of any size, including both growth and value stocks, that the managers believe have favorable investment potential. These companies employ significant leverage in their capital structure through borrowing from banks or other lenders or through issuing fixed-income, convertible or preferred equity securities, and their fixed income securities are often rated below-investment-grade (sometimes referred to as "junk bonds"). It is non-diversified.
Fees are Low compared to funds in the same category.
Putnam Equity Spectrum Fund has an expense ratio of 1.95 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.