Putnam Large Cap Value Fund
Actively managed U.S. stock fund
The fund seeks capital growth and current income.
The fund invests primarily in large-cap U.S. value stocks selected by the Investment Manager based on criteria including valuation, financial strength, growth potential, competitive position, projected earnings, cash flows, and dividends. The fund holds at least 80% of its net assets in companies of a size similar to those in the Russell 1000 Value Index and may also invest in midsize companies. Returns depend on the Investment Manager's security selection decisions.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
GOOGLAlphabet, Inc. | 4.51% | $2.26B | 5.9M | $384.80 |
4.21% | $2.11B | 16.5M | $127.98 | |
3.44% | $1.73B | 18.9M | $91.50 | |
2.97% | $1.49B | 9.7M | $154.33 | |
AMZNAmazon.com, Inc. | 2.57% | $1.29B | 4.9M | $265.06 |
2.47% | $1.24B | 12.7M | $97.88 | |
2.35% | $1.18B | 15.0M | $78.76 | |
2.25% | $1.13B | 14.7M | $76.89 | |
2.22% | $1.12B | 6.8M | $165.07 | |
MSFTMicrosoft Corp. | 2.18% | $1.09B | 2.7M | $407.78 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 110 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 96.60% |
| Cash & short-term | 3.19% |
| Other | 0.39% |
| Derivatives | -0.07% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Financials
- 19.7%
- Industrials
- 10.9%
- Health Care
- 10.4%
- Consumer Staples
- 9.0%
- 10 other sectors
- 50.0%
- Financials
- 19.7%
- Industrials
- 10.9%
- Health Care
- 10.4%
- Consumer Staples
- 9.0%
- Information Technology
- 8.1%
- Consumer Discretionary
- 7.8%
- International
- 7.0%
- Communication Services
- 6.2%
- Materials
- 5.7%
- Energy
- 5.5%
- Utilities
- 4.2%
- Cash
- 2.4%
- Real Estate
- 1.8%
- Other
- 1.2%
How it has done
PEYAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 8.66%. Past returns are a record, not a forecast.
The 7 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.85% | +29.06% | +70.53% | +97.45% | -9.95% | |
| — | — | — | — | — | |
| 1.60% | +28.09% | +66.75% | +90.24% | -10.18% | |
| 1.10% | +28.74% | +69.25% | +94.91% | -10.04% | |
| 0.60% | +29.37% | +71.79% | +99.84% | -9.92% | |
| 0.62% | +29.34% | +71.65% | +99.79% | -9.88% | |
| 0.52% | +29.47% | +72.19% | +100.69% | -9.84% |
Fees & fund details
Putnam Large Cap Value Fund is an actively managed U.S. equity fund. 6% of PEYAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 90% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.52% – 1.60%· PEYAX 0.85%
- Portfolio turnover
- 18.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
29 new· the largest 8
36 exited· the largest 7
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