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Putnam Investments, LLC

PRI reporting framework 2020

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]

Our sole business is to manage money for our clients. With this singular business objective, our investment professionals are focused on meeting or exceeding our clients' expectations in pursuit of their investment goals. With fiduciary responsibility and personal integrity as the guiding principles of our business, we foster a culture of entrepreneurship and collaboration, a meritocracy where everyone shares in each other's successes on behalf of our clients. Putnam manages a number of private placed fund vehicles, including hedge funds, that account for less than 1% of the assets above.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United States

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

1207 FTE

02.4. Additional information. [Optional]

Putnam's global investment business is headquartered in Boston, Massachusetts. Our account management and client service professionals are regionally based so that they have a better understanding of local regulations and client needs. We have senior compliance personnel in London and Tokyo reporting into our Boston compliance team, but charged with monitoring compliance with regulatory requirements in their regions. Putnam has investment professionals in London and Singapore and institutional account/client service management staff in Boston, Frankfurt, London, Sydney, and Tokyo.

Total staff (OO 02.3) excludes PanAgora, a Putnam subsidiary and PRI signatory that reports separately.


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.2. List your subsidiaries that are separate PRI signatories and indicate if you would like to report their RI activities in your organisation’s consolidated report.

Name of PRI signatory subsidiary

(Up to six subsidiaries may be reported)

RI implementation reported here
on a consolidated basis
          PanAgora Asset Management, Inc.
        
          
        
          
        
          
        
          
        
          
        

03.3. Additional information. [Optional]

PanAgora Asset Management, Inc. (“PanAgora”) - PanAgora is a wholly owned subsidiary of Putnam Investments. PanAgora operates as a fully autonomous business.


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.3. Indicate the total AUM of subsidiaries you have excluded from your report (as named in OO 03.2 under “No”). Provide this figure based on the end of your reporting year

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the assets which are subject to an execution and/or advisory approach. Provide this figure based on the end of your reporting year

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]

The assets provided above in OO 4.4 include Advisory Only Assets - assets for which Putnam provides investment recommendations in a “model only” separately management account program but has no control over implementation of investment decisions and no trading authority.

Total assets under management is unaudited and subject to change.

 


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 10-50% 34.75 0 0
Fixed income >50% 52.47 0 0
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds <10% 0.88 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Money market instruments <10% 0.85 0 0
Other (1), specify 10-50% 11.05 0 0
Other (2), specify 0 0 0 0

`Other (1)` specified

          Other includes Putnam’s Global Asset Allocation (GAA) assets. GAA assets represent multi-asset portfolios that may include stocks, bonds, and other alternative asset classes.
        

06.2. Publish asset class mix as per attached image [Optional].


06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

Putnam is an asset manager, and we manage the overwhelming majority of our portfolios through our own investment personnel, without use of sub-advisers. For a small number of accounts, we have hired PanAgora, a wholly-owned subsidiary and fellow PRI signatory, as subadviser. For these specific portfolios, ESG-related matters are generally PanAgora's responsibility to the extent consistent with each fund's investment objective and strategy.


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

97.65 Developed Markets
1.88 Emerging Markets
0.13 Frontier Markets
0.34 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]


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