George Putnam Balanced A (PGEOX) a Zacks Ranked #2 (Buy) seeks to provide a balanced investment composed of a well-diversified portfolio of stocks and bonds, which produce both capital growth and current income. Under normal market conditions, PGEOX invests at least 25% of its total assets in fixed-income securities, including debt securities, preferred stocks and that portion of the value of convertible securities attributable to the fixed-income characteristics of those securities. PGEOX distributes its dividends quarterly and capital gains annually.
This Allocation Balanced fund, as of the last filing, allocates their fund in three major groups; Large Value, Large Growth, Intermediate Bond. Further, as of the last filing, APPLE INC, EXXON MOBIL CORP and GOOGLE INC were the top holdings for PGEOX.
The George Putnam Balanced A fund, managed by Putnam Funds, carries an expense ratio of 0.98.
PGEOX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 8.94%, 3 year 13.32%, and 5 year 11.22%. To see how this fund performed compared in its category, please click here.
PGEOX’s performance, as of the last filing, when compared to funds in its category was in the top 6% in 1 year, top 19% over the past 3 years, and in the top 22% over the past 5 years.
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