Putnam Research Fund (PNRAX)
The fund invests mainly in common stocks (growth or value stocks or both) of large U.S. companies that the managers believe have favorable investment potential. For example, the manager may purchase stocks of companies with stock prices that reflect a value lower than that which the managers place on the company. The manager may also consider other factors that the managers believe will cause the stock price to rise.
Fund Info
US7468028839
746802883
Oct 2, 1995
$0
Large-Cap
Blend
Expense Ratio
PNRAX has a high expense ratio of 1.03%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Putnam Research Fund (PNRAX) returned -0.44% year-to-date (YTD) and 11.47% over the past 12 months. Over the past 10 years, PNRAX delivered an annualized return of 12.68%, outperforming the S&P 500 benchmark at 10.85%.
PNRAX
-0.44%
6.85%
-3.17%
11.47%
15.26%
15.79%
12.68%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of PNRAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.96% | -2.08% | -6.56% | -1.09% | 6.85% | -0.44% | |||||||
| 2024 | 2.38% | 5.81% | 3.66% | -4.05% | 5.36% | 3.69% | 0.68% | 1.77% | 2.79% | -0.79% | 5.51% | -2.75% | 26.21% |
| 2023 | 6.13% | -2.05% | 3.19% | 1.87% | 1.28% | 6.42% | 3.06% | -1.27% | -4.13% | -1.69% | 9.10% | 4.56% | 28.83% |
| 2022 | -4.92% | -3.40% | 2.83% | -8.05% | 0.50% | -7.97% | 9.36% | -4.02% | -9.30% | 8.59% | 5.77% | -6.01% | -17.45% |
| 2021 | -0.92% | 2.85% | 3.45% | 5.28% | 0.14% | 2.67% | 2.34% | 3.21% | -4.91% | 7.40% | -1.64% | 2.70% | 24.32% |
| 2020 | -0.26% | -7.68% | -12.07% | 12.03% | 5.63% | 2.60% | 5.43% | 7.33% | -3.72% | -2.82% | 11.19% | 3.70% | 20.01% |
| 2019 | 7.93% | 2.92% | 1.92% | 5.47% | -6.34% | 6.96% | 1.88% | -1.96% | 1.55% | 2.36% | 3.62% | 3.21% | 32.83% |
| 2018 | 5.68% | -3.46% | -2.40% | 0.36% | 2.39% | 0.74% | 3.64% | 2.06% | 0.91% | -7.11% | 1.54% | -6.35% | -2.81% |
| 2017 | 3.00% | 3.27% | 0.48% | 1.30% | 3.18% | -0.33% | 2.11% | 0.64% | 2.02% | 2.51% | 2.27% | 0.66% | 23.19% |
| 2016 | -6.00% | -0.26% | 6.22% | 0.76% | 2.11% | -0.39% | 3.76% | 0.19% | 0.49% | -1.54% | 3.27% | 1.67% | 10.25% |
| 2015 | -2.72% | 5.91% | -1.09% | 0.42% | 1.71% | -2.09% | 1.60% | -6.75% | -3.86% | 8.41% | -0.39% | -1.87% | -1.65% |
| 2014 | -2.38% | 4.97% | 0.17% | 0.04% | 3.13% | 2.75% | -1.86% | 4.17% | -1.43% | 2.13% | 2.80% | -0.45% | 14.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PNRAX is 41, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Putnam Research Fund (PNRAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Putnam Research Fund provided a 7.60% dividend yield over the last twelve months, with an annual payout of $4.00 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.00 | $4.00 | $0.13 | $3.30 | $3.54 | $0.81 | $2.47 | $4.17 | $0.52 | $0.29 | $0.30 | $0.25 |
Dividend yield | 7.60% | 7.57% | 0.28% | 9.46% | 7.67% | 2.02% | 7.24% | 15.09% | 1.57% | 1.06% | 1.19% | 0.98% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Research Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.00 | $4.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.30 | $3.30 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.54 | $3.54 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.81 | $0.81 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.47 | $2.47 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.17 | $4.17 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2014 | $0.25 | $0.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Research Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam Research Fund was 57.28%, occurring on Mar 9, 2009. Recovery took 888 trading sessions.
The current Putnam Research Fund drawdown is 4.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -57.28% | Sep 5, 2000 | 2132 | Mar 9, 2009 | 888 | Sep 14, 2012 | 3020 |
| -33.35% | Feb 20, 2020 | 23 | Mar 23, 2020 | 94 | Aug 5, 2020 | 117 |
| -24.37% | Nov 19, 2021 | 217 | Sep 30, 2022 | 286 | Nov 20, 2023 | 503 |
| -20.46% | Jul 21, 1998 | 58 | Oct 8, 1998 | 31 | Nov 20, 1998 | 89 |
| -20.26% | Jan 24, 2025 | 52 | Apr 8, 2025 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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