About Putnam Contact us Individual Investors Financial Advisors RIAs Institutional Investors 401(k) Plans DCIO Q3 2017 |Maneuver in Markets Investing beyond indexes as opportunities expand For more information on diversifying portfolios with a range of investing strategies, visit our investing strategies. View all Putnam funds » Income funds for a changing rate outlook + Equity funds that can gain from growth + Tax-exempt income funds + Funds with risk-reducing diversification + IDEAS FOR WEALTH MANAGEMENT Administration unveils plan to cut taxes and simplify tax code A NEW VISION FOR RETIREMENT | FROM HERE TO SECURITY Putnam President and CEO Robert Reynolds's new book offers practical ideas to create a workspace savings system that achieves retirement security for all — and generates faster growth for the whole economy. Watch the summary Read Robert Reynolds's latest post: Could a full-auto 401(k) plan drive millennials to save more? (9/20/2017) 60-SECOND INSIGHTS How to view risk in a late market cycle More 60-second insights See also: Fixed Income Outlook Q3 2017 Diversifying with absolute return PUTNAM PERSPECTIVES Using and enhancing ESG investment data ESG data is having investment impact but is still evolving, and stands to benefit from feedback offered by fundamental analysts. More » ADVISOR TECH TIPS Advisors grow more attentive to cyber risks Financial advisors and advisory firms are doing more to shore up cybersecurity systems and policies, the SEC found in its recent review of 75 firms. More » ADVISOR-ONLY WEBCAST | Intergenerational wealth transfer — What you need to know | September 27, 2017 | 1:15pm ET Listen to replay 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. KEEGAN BRADLEY BRENDAN STEELE JON CURRAN Investment Choices Mutual Funds College Savings Research White Papers Putnam Perspectives Video Updates Calculators and tools CD vs Muni Bond College Savings Roth IRA For advisors FundVisualizer® Investment strategies Company About Putnam Careers Site Map Find us Contact us Newsroom Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. 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. © 1998–2017, 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