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Close Ce site utilise des cookies; en continuant à parcourir, vous consentez à notre politique de cookies . fermer About Putnam Our company Investment performance Service commitment Sustainable approach Diversity and inclusion Leadership team Active Voice Newsroom Proxy voting Careers Working at Putnam Our teams Our benefits Professional development Diversity and inclusion Early careers programs Open jobs Contact us About Putnam Our company Investment performance Service commitment Sustainable approach Diversity and inclusion Leadership team Active Voice Newsroom Proxy voting Careers Working at Putnam Our teams Our benefits Professional development Diversity and inclusion Early careers programs Open jobs Contact us Putnam Individual Investors Financial Advisors Institutional Investors 401(k) Plans Participants Sponsors Advisors DCIO Account Access Account Access Individual Investors Financial Advisors Institutional Investors Advisor-only Webcast | The case for value stocks in 2021 | February 11, 2021 Replay coming soon Shield more bond income Use our yield calculator to get a personalized view. Then explore our tax-exempt funds. Try our tax-equivalent yield calculator Tax Exempt Income Fund Broadly diversified across states Tax-Free High Yield Fund Careful credit research for higher yield bonds Strategic Intermediate Municipal Fund A greater focus on absolute return See all tax-exempt funds We are active managers for you In a changing world, our commitment to active investing continues to show results for investors Watch MUTUAL FUNDS Search Funds with 5-star Overall Morningstar Rating TM * + – Emerging Markets Equity Fund George Putnam Balanced Fund Global Technology Fund Massachusetts Tax Exempt Income Fund Putnam PanAgora Risk Parity Fund Research Fund Strategic Intermediate Municipal Fund * Class Y shares View all Putnam funds » TAX CENTER Learn more and get 2020 tax resources, including information about capital gains for 2020 , year-end tax estimates , tax rates for 2021 , and more. Visit the tax center IDEAS FOR WEALTH MANAGEMENT More ideas for Wealth Management Capital Markets Outlook | Q1 2021 The market’s potential sugar high Amid a likely tug-of-war between positive and negative economic news, we favor investing with a flexible approach. More » Equity Outlook | Fixed Income Outlook Putnam Perspectives Is inflation poised to return? We believe that pandemic-related bottlenecks have temporarily lifted U.S. inflation. Still, the underlying inflation trend is weak. More » See all Putnam Perspectives » Advisor Tech Tips What might lie ahead as we enter the vaccine era? FundVisualizer can help you explore risk With phase one of the national vaccine rollout happening more slowly than predicted and record-setting numbers of new infections being reported across the country, important questions remain about what a post-vaccine world might actually look like. More » See all Advisor Tech Tips » Financial advisors: Explore fund ideas, analyze portfolios, and create presentations with this free, open architecture tool. Download the app or use now: On your iPad App Store Launch FundVisualizer Login required Our commitment to performance excellence Putnam Investments is proud to partner with world-class athletes, teams, and organizations who share our: Belief in teamwork Dedication to winning Focus on performance New England Patriots Boston Celtics Ted Ligety & U.S. Ski and snowboard assoc. 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For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, contact your financial representative, call Putnam at 1-888-4-PUTNAM (1-888-478-8626) , or click on the prospectus section to view or download a prospectus. Please read the prospectus carefully before investing. © 1998–2021, Putnam Investments. U.S.-registered mutual funds distributed by Putnam Retail Management A Member of the Power Financial Corporation Group of Companies ™ Privacy policy United States United States Australia Deutschland United Kingdom...