Since its first fund in 1937, Putnam Investments has gradually evolved as one of the most renowned financial investment companies in the world. Putnam had assets of $171 billion under its management as of November 2017, of which mutual fund assets comprised $79 billion. The fund family allocated its assets in more than 70 mutual funds including both equity and fixed income funds.

The company has over 180 investment professionals and provides a wide range of financial services including 60 institutional strategies. It now has a presence in North America, Europe, and Asia with offices in London, Boston, Tokyo, Frankfurt, Singapore, and Sydney.

Below we share with you three top-ranked Putnam mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Putnam Investment funds.

Putnam Global Equity A (PEQUX – Free Report) seeks growth of capital. PEQUX invests heavily in common stocks of mid- and large-cap companies, which have strong investment prospects. The fund invests not only in developed countries but also in emerging markets. Putnam Global Equity A has one-year annualized returns of 26.4%.

As of September 2017, PEQUX held 148 issues, with 2.98% of its assets invested in Alphabet Inc.

Putnam Tax-Free High Yield Y (PTFYX – Free Report) invests primarily in bonds that offer federal income tax exempted interest. PTFYX seeks growth of income by investing in investment-grade and below-investment-grade securities, which have maturities of three years and more. Putnam Tax-Free High Yield Y has one-year annualized returns of 8.5%.

Garrett Hamilton is one of the fund managers of PTFYX since 2016.

Putnam Global Technology A (PGTAX – Free Report) seeks appreciation of capital. PGTAX invests the lion’s share of its assets in securities of technology companies. The fund invests mainly in large- and mid-cap tech companies that are expected to have encouraging investment prospects. Putnam Global Technology A has one-year annualized returns of 45.9%.