PMVRX
Putnam Sustainable Future Fund
Putnam Investment Funds
Expense ratio1
1.27%
Net assets2
$339.59M
Holdings2
79
Category
US Equity
2025 return3
2.43%

Investment objective & strategy

As of Aug. 25, 2025 · prospectus

Objective. The fund seeks capital appreciation.

Strategy. The fund invests mainly in common stocks of U.S. companies of any size, with a focus on companies whose products and services we believe provide solutions that directly contribute to sustainable social, environmental and economic development (Solutions Companies). Stocks of this type of company are typically, but not always, considered to be growth stocks. Growth stocks are stocks of companies whose revenues, earnings, or cash flows are expected to grow faster than those of similar firms, and whose business growth and other characteristics may lead to an increase in stock price. The Investment Manager, as defined below, may consider, among other factors, a companys impact on sustainable environmental, social and economic development (as described below), valuation, financial strength, growth potential, … The fund invests mainly in common stocks of U.S. companies of any size, with a focus on companies whose products and services we believe provide solutions that directly contribute to sustainable social, environmental and economic development (Solutions Companies). Stocks of this type of company are typically, but not always, considered to be growth stocks. Growth stocks are stocks of companies whose revenues, earnings, or cash flows are expected to grow faster than those of similar firms, and whose business growth and other characteristics may lead to an increase in stock price. The Investment Manager, as defined below, may consider, among other factors, a companys impact on sustainable environmental, social and economic development (as described below), valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. The fund may also invest in non-U.S. companies. The Investment Managers approach to sustainable investing incorporates fundamental research together with consideration of sustainable environmental, social and economic development impact. The Investment Manager believes that companies whose products and services produce positive environmental, social and economic development impact also often demonstrate potential for strong financial growth. Under normal circumstances, the fund invests at least 80% of the value of its net assets in securities that meet the Investment Managers sustainability criteria. These criteria are based on a proprietary sustainability solutions map that links to the United Nations Sustainable Development Goals (SDGs). In applying these criteria, the Investment Manager will assign each company a proprietary environmental, social and/or corporate governance (ESG) rating ranging from 1 to 4 (1 indicating the highest (best) ESG rating and 4 indicating the lowest (worst) ESG rating). In order to meet the Investment Managers sustainability criteria for purposes of this investment policy, a company must be rated 2 or 1 by the Investment Manager. This policy is non-fundamental and may be changed only after 60 days notice to shareholders. In selecting each investment, the Investment Manager considers the extent to which a companys products or services may provide solutions to forward-looking sustainability needs, creating positive impact in environmental, social and economic development areas. Environmental impacts may include, for example, reduction of carbon emissions and improved water quality. Social impacts may include, for example, improvements in employee well-being, supplier standards, or access to products, information, or security. Economic development impacts may include, for example, stakeholder analysis and shared value approaches to business practices, access to economic opportunity, or improvements in operational effectiveness or efficiency.

Top holdings

As of Jan. 31, 2026 · N-PORT
SecurityTickerValue% of fund
VERTIV HOLDINGS CO $11.90M 3.50%
HILTON WORLDWIDE HOLDINGS INC $10.42M 3.07%
QUANTA SVCS INC $10.06M 2.96%
DATADOG INC CL A $8.21M 2.42%
DEXCOM INC $7.76M 2.29%
VISTRA CORP $7.65M 2.25%
IDEXX LABS INC $7.44M 2.19%
VIKING HOLDINGS LTD $7.19M 2.12%
PENUMBRA INC $6.73M 1.98%
ASML HOLDING-NY $6.43M 1.89%
View all holdings →

Allocation by sector

As of January 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Oct 31, 2025 → Jan 31, 2026
Opened
5
Exited
7
Increased
13
Decreased
19
Unchanged
45

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight

Advisers

As of April 30, 2025 · N-CEN
FirmRole
Franklin Advisers, Inc. Sub-adviser
Franklin Templeton Investment Management Limited Sub-adviser
Putnam Investment Management, LLC Adviser

Footnotes

  1. Expense ratio as of August 25, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

Machine-readable: JSON · Markdown. Programmatic access via the agent surface.