BOSTON--(BUSINESS WIRE)--Putnam Investments announced today that two of its mutual funds received 2020 Lipper Fund Awards in recognition of consistently strong risk-adjusted performance relative to their peers over periods of three or more years.
The Putnam funds honored at the Refinitiv Lipper Fund Awards ceremony held in New York City last night include:
- George Putnam Balanced Fund R6 (PGEJX) — 3- and 5-year performance
- Putnam Income Fund R6 (PINHX) — 3-year performance
“Putnam is honored to receive these Lipper Awards, which symbolize performance excellence in the mutual fund industry,” said Robert L. Reynolds, Putnam Investments President and CEO. “We salute our talented and highly dedicated investment team who demonstrate an unyielding commitment and passion each and every day to generating strong results for our clients and shareholders.”
George Putnam Balanced Fund R6 (PGEJX) was honored for its top risk-adjusted performance relative to its peers in the Mixed-Asset Target Allocation Moderate Funds category for both its three- and five-year performance. Managed by Kathryn B. Lakin, Paul Scanlon and Emily E. Shanks, the fund seeks to provide a balanced investment composed of a well-diversified portfolio of stocks and bonds with the goal of producing both capital growth and current income.
Putnam Income Fund R6 (PINHX), managed by Michael Salm, Brett S. Kozlowski and Emily E. Shanks, won its three-year award within the Core Bonds Funds category. The fund seeks high current income consistent with what Putnam management believes to be prudent risk and pursues opportunities across all sectors of the U.S. bond market, including mortgage-backed securities, corporate bonds and other government obligations.
About the Lipper Fund Awards
The Lipper Fund Awards annually recognize funds and fund management firms for their consistently strong risk-adjusted three-, five- and 10-year performance relative to their peers based upon Lipper’s quantitative, proprietary methodology. The awards are sponsored by Refinitiv, formerly the Financial and Risk business of Thomson Reuters. For more information, visit www.lipperfundawards.com.
About Putnam Investments
Founded in 1937, Putnam Investments is a global money management firm with over 80 years of investment experience. At the end of January 2020, Putnam had $180 billion in assets under management. Putnam has offices in Boston, London, Frankfurt, Tokyo, Singapore and Sydney. For more information, visit putnam.com.