Putnam Investments Ranked #1 in Barron's/Lipper Best Mutual-Fund Families Report

Putnam Investments Ranked #1 in Barron's/Lipper Best Mutual-Fund Families Report 
Second Time in Four Years That Firm Lands Top Ranking 
BOSTON, MA -- (Marketwire) -- 02/11/13 --  For the second time in
four years, Putnam Investments has been ranked # 1 in the annual
Barron's/Lipper Fund Families Report, based on its funds' performance
in 2012.  
The latest report, which appears in the February 11, 2013 issue of
Barron's, ranks 62 mutual fund companies based on their performance
across a variety of asset types, including U.S. Equities, World
Equities, Mixed Equities, Taxable Bond and Tax-Exempt Bond. In
addition to securing the survey's top spot for its investment
performance in 2009, Putnam had a top 14 placement for its 2010
"Our organization takes great pride in bringing its full investment
management resources and capabilities to bear every day for financial
advisors, institutions and shareholders -- across asset classes,
investment styles and industry sectors through an array of
traditional and alternative approaches," said Robert L. Reynolds,
President and Chief Executive Officer, Putnam Investments. "It is
enormously gratifying to see our complex-wide efforts and performance
further validated by the prestigious Barron's/Lipper ranking -- and
we are deeply honored." 
In discussing the Barron's/Lipper distinction, Reynolds pointed to
the tireless work, savvy judgment and risk-aware discipline of
Putnam's portfolio managers, research analysts, traders and senior
investment professionals on its Equity, Fixed Income and Global Asset
Allocation teams, all led by Chief Investment Officer Walter Donovan. 
Under the overall leadership of Reynolds, who joined the firm in July
2008, Putnam has moved aggressively to strengthen fund performance
and its underlying investment unit through a host of steps,
including: the build-out of its investment talent through the
recruitment of top-tier industry professionals and development of
bright prospects from the nation's leading schools, continual upgrade
of a high-performance fundamental research team, restructuring of the
firm's equity investment division to increase individual fund manager
accountability and responsibility, and realignment of manager and
analyst incentives to reward those who deliver top-quartile sustained 
results for investors. 
While acknowledging the firm's achievements in 2012, Reynolds pointed
to the firm's longer term performance. "We have put together a very
formidable body of investment performance over the last four years
that the marketplace should increasingly begin to notice and which we
want to continue to build on over time," he said. "Our primary goal
as an asset management firm is simple: deliver strong, risk-adjusted
results to our clients and investors over the long haul. The
Barron's/Lipper ranking represents a tremendous point-in-time
recognition within our industry, but we will continue to move forward
with laser-like focus on our mission." 
Performance and Awareness
 Last week, Putnam officially announced the
launch of an awareness-building campaign, entitled, "New Ways of
Thinking," which will stress the importance for financial advisors
and investors to continually anticipate the evolution of the
investment markets and act to seize a new set of opportunities and
mitigate unforeseen challenges. The campaign will officially begin
today through a series of new print, direct marketing, and online
advertising, and will use a host of content-driven, multi-media
vehicles throughout 2013 to communicate the need to incorporate
modern, innovative investment approaches into more traditional
investment models and mindsets in order to continually stay ahead of
the curve. 
Recent History of Product Innovation at Putnam
 Besides the emphasis
on driving performance of existing funds, Putnam has renewed its
claim to leadership in mutual fund innovation since 2009, launching
20 new funds designed to help advisors and investors address a new
era of opportunities and challenges including:  

--  Putnam Absolute Return Funds, the industry's first complete suite of
    absolute return products; designed to seek positive returns above
    inflation over a full market cycle regardless of market condition,
    with lower volatility.
--  Putnam RetirementReady(R)Funds, the first lifecycle products that
    give fund managers control over all securities chosen for inclusion in
    a target-date product.
--  Putnam Equity Spectrum and Putnam Capital Spectrum Funds, which
    specialize in finding value in the stocks and bonds of undervalued,
    leveraged companies by investing across the entire capital structure.
--  Putnam Global Sector Funds, the first series of mutual funds to target
    stocks in sectors across the entire MSCI World Index (as well as
    Putnam Global Sector Fund, the first fund-of-sector-funds in the
    global equity space).
--  Putnam Multi-Cap Core, Putnam Multi-Cap Value, and Putnam Multi-Cap
    Growth Funds, three multi-cap equity funds with exposure to the full
    array of U.S. stocks within the value, core/blend, and growth style
--  Putnam Dynamic Risk Allocation Fund, which employs a form of risk
    parity, which the firm has managed for a variety of sophisticated
    institutional investors for over a half-decade. The Fund provides a
    different lens on investing by actively and regularly rebalancing
    varying sources of portfolio risk within and among multiple asset
--  Putnam Short Duration Income Fund that strives for a higher rate of
    current income than is typical of short-term investments and has a
    greater focus on capital preservation than is usually associated with
    ultra-short bond funds, with the goal of maintaining liquidity.

About Putnam Investments
 Founded in 1937, Putnam Investments is a
leading global money management firm. At the end of January 2013,
Putnam had $133 billion in assets under management. Putnam has
offices in Boston, London, Frankfurt, Amsterdam, Tokyo, Beijing,
Singapore and Sydney. For more information, visit
Putnam mutual funds are distributed by Putnam Retail Management. 
Putnam Media Contacts:
Jon Goldstein
617-760-1127 (office)
516-946-5598 (cell)
Laura McNamara
617-760-1108 (office)
617-850-2727 (cell)
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