Putnam Research Fund Class A
PNRAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Federal Street Boston MA United States of America 02110
- IPO Date
- Sep 29, 1995
- CIK
- 0000932101
- Website
- franklintempleton.com
- Similar Companies
- Business
- Putnam U.S. Research Fund (Class A: PNRAX) is an open-end mutual fund that seeks capital appreciation by investing primarily in common stocks of U.S. companies, focusing on the highest-conviction ideas from Putnam's Equity Research team; it employs a sector-neutral approach with flexibility across growth and value stocks in large-cap equities, benchmarked against the S&P 500 Index. Under normal circumstances, the fund invests at least 80% of its net assets in such equities, with a portfolio featuring approximately 135 issuers, heavy weighting in information technology (34.51%), financials (12.08%), communication services (10.55%), health care (10.41%), and consumer discretionary (9.40%), alongside metrics including a price-to-earnings ratio of 23.60x and weighted average market capitalization of $1,434.52 billion. The fund targets institutional and retail investors seeking large-blend exposure, with total net assets of approximately $668 million and annual portfolio turnover of 35%; it pays dividends annually and capital gains distributions in December. Originally launched on October 2, 1995, and managed by a team led by professionals since 2014, including Kate Lakin as Director of Research, the fund operates from Boston, Massachusetts, as part of Putnam Investments, a global asset manager founded in 1937 and acquired by Franklin Resources, Inc. (doing business as Franklin Templeton) in January 2024. Putnam Investments, now integrated within Franklin Templeton, brings complementary capabilities in equity research, retirement products, and U.S. large-cap strategies to the parent's $1.55 trillion in assets under management. In September 2025, the fund underwent a significant reorganization, renaming from Putnam Research Fund to Putnam U.S. Research Fund and adopting a new policy requiring at least 80% investment in U.S. equities; this change aims to sharpen its focus on domestic research-driven opportunities amid ongoing enhancements from Franklin Templeton's infrastructure. The acquisition by Franklin Templeton in early 2024 expanded distribution channels and capabilities, including extensions to international clients announced in November 2025, while maintaining Putnam's stock-specific, collaborative research process. These developments position the fund to leverage broader global reach and technology amid volatile markets, such as 2025 AI stock fluctuations.