Investment objective & strategy
As of April 28, 2025 · prospectusObjective. The fund seeks capital appreciation.
Strategy. Investments We invest mainly in common stocks of large U.S. companies, with a focus on growth stocks. Growth stocks are stocks of companies whose earnings 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. We may consider, among other factors, a companys 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. Under normal circumstances, we invest at least 80% of the funds net assets (plus the amount of any borrowings for investment purposes) in companies of a size similar to those in the Russell 1000 Growth Index. This … Investments We invest mainly in common stocks of large U.S. companies, with a focus on growth stocks. Growth stocks are stocks of companies whose earnings 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. We may consider, among other factors, a companys 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. Under normal circumstances, we invest at least 80% of the funds net assets (plus the amount of any borrowings for investment purposes) in companies of a size similar to those in the Russell 1000 Growth Index. This policy may be changed only after 60 days notice to shareholders. The fund is non-diversified, which means it may invest in a greater percentage of its assets in fewer issuers than a diversified fund.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $158.05M | 13.85% |
| APPLE INC | — | $116.91M | 10.24% |
| MICROSOFT CORP | — | $89.83M | 7.87% |
| BROADCOM INC | — | $72.23M | 6.33% |
| ALPHABET INC CL C | — | $66.93M | 5.86% |
| AMAZON.COM INC | — | $51.62M | 4.52% |
| META PLATFORMS INC CL A | — | $51.60M | 4.52% |
| TESLA INC | — | $42.68M | 3.74% |
| LILLY ELI and CO | — | $38.95M | 3.41% |
| MASTERCARD INC CL A | — | $34.32M | 3.01% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How 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.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Putnam Large Cap Growth Fund · POGAX, POGBX, POGCX, PGORX, PGOYX | 94% | 0.60% |
| Putnam Focused Large Cap Growth ETF | 82% | 0.49% |
| iShares Russell Top 200 Growth ETF · IWY | 71% | 0.20% |
Advisers
| Firm | Role |
|---|---|
| Franklin Advisers, Inc. | Sub-adviser |
| Franklin Templeton Investment Management Limited | Sub-adviser |
| Putnam Investment Management, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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