Putnam Sustainable Leaders Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Putnam Sustainable Leaders Fund held 76 positions with $6.66B in net assets. Its ten largest holdings made up 42.0% of the fund. The PNOPX share class costs 0.88% a year. Over the 12 months to May 2026, PNOPX returned 20.0%, with dividends reinvested. In 2026 Q2 it added 25 new positions and exited 13.
The fund seeks long-term capital appreciation.
The fund invests primarily in U.S. common stocks of companies that the manager rates 1 or 2 on its proprietary ESG scale, which assesses financially material environmental, social, and governance practices using a sector-specific materiality framework informed by SASB standards. At least 80% of assets are held in securities meeting these sustainability criteria. The fund may also hold non-U.S. equities and typically favors growth stocks. Because security selection depends on the manager's ESG ratings and fundamental analysis, fund performance will diverge from broad market returns.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp. | 7.10% | $472.85M | 2.4M | $200.09 |
AAPLApple, Inc. | 6.99% | $465.23M | 1.6M | $289.36 |
GOOGLAlphabet, Inc. | 5.52% | $367.58M | 1.0M | $357.37 |
MSFTMicrosoft Corp. | 4.36% | $290.62M | 779.1K | $373.02 |
AMZNAmazon.com, Inc. | 4.06% | $270.14M | 1.1M | $238.34 |
3.06% | $203.80M | 470.3K | $433.33 | |
2.94% | $196.06M | 337.5K | $580.91 | |
AVGOBroadcom, Inc. | 2.77% | $184.33M | 488.0K | $377.75 |
Putnam Short Term Investment Fund | 2.58% | $171.59M | — | — |
2.58% | $171.59M | 143.1K | $1,199.43 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 76 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 | 97.19% |
| Other | 2.58% |
| Cash & short-term | 0.15% |
| Derivatives | 0.08% |
| Bonds | 0.03% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 35.7%
- Financials
- 10.8%
- International
- 8.3%
- Communication Services
- 8.1%
- 11 other sectors
- 37.1%
- Information Technology
- 35.7%
- Financials
- 10.8%
- International
- 8.3%
- Communication Services
- 8.1%
- Consumer Discretionary
- 7.7%
- Health Care
- 7.7%
- Industrials
- 7.4%
- Consumer Staples
- 4.1%
- Other
- 3.3%
- Utilities
- 2.7%
- Energy
- 2.5%
- Materials
- 0.8%
- Real Estate
- 0.6%
- Cash
- 0.2%
- Government
- 0.0%
How it has done
PNOPX share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.45%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.88% | +20.03% | +59.00% | +58.45% | -11.38% | |
| — | — | — | — | — | |
| 1.62% | +19.14% | +55.44% | +52.56% | -11.54% | |
| 1.13% | +19.74% | +57.80% | +56.51% | -11.44% | |
| 0.63% | +20.33% | +60.13% | +60.34% | -11.32% | |
| 0.55% | +20.41% | +60.53% | +61.10% | -11.31% |
Fees & fund details
Putnam Sustainable Leaders Fund is an actively managed U.S. equity fund. 22% of PNOPX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 89% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.55% – 1.62%· PNOPX 0.88%
- Portfolio turnover
- 44.00% a year · as of 2025 Q4
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.
25 new· the largest 8
13 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| 3-5y | 26.8% |
| 5-10y | 30.5% |
| 10y+ | 42.7% |
Based on what filers reported; a filer that never reported a flag also reads as none.
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