George Putnam Balanced Fund (PGELX)
Nasdaq - Nasdaq Delayed Price. Currency in USD
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George Putnam Balanced Fund
Boston MA 02109
One Post Office Sq Mailstop A 14
George Putnam Fund of Boston
Management Information
,Lead Manager since August 30, 2021
Mr. Benson is a Portfolio Manager in the Fixed Income group. He specializes in investment-grade and crossover strategies within the Corporate and Tax-Exempt Credit team. Mr. Benson is a Portfolio Manager of Putnam’s Core Bond, Core Bond Intermediate, Core Plus, Investment-Grade Corporate Credit, Short Duration Bond, Stable Value, and Ultra Short Duration Income strategies as well as crossover credit and preferred mandates. He collaborates with portfolio managers and analysts on ESG integration, assessing the fundamental relevance of ESG issues at a security level and the potential for alpha generation and risk mitigation at the portfolio level. Mr. Benson has been in the investment industry since he joined Putnam in 2008.
Previously at Putnam, Mr. Benson was an Investment-Grade Trader and an Analyst in the Global Credit Research group, focusing on high-yield and investment-grade issuers in the food, beverage, restaurant, and supermarket sectors. Earlier, he served as a High-Yield Trader and Investment Associate, covering the gaming, technology, and auto supplier sectors.
Mr. Benson earned a B.A. in Economics from Tufts University.
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.
Fund Overview
CategoryAllocation--50% to 70% Equity
Fund FamilyFranklin Templeton Investments
Net Assets1.94B
YTD Return8.03%
Yield1.40%
Morningstar Rating★★★★★
Inception DateJan 20, 2003
Fund Operations
Last Dividend0.19
Last Cap Gain13.00
Holdings Turnover47.00%
Average for CategoryN/A
Fees & Expenses
ExpensePGELXCategory Average
Annual Report Expense Ratio (net)0.72%0.84%
Prospectus Net Expense Ratio0.72%N/A
Prospectus Gross Expense Ratio0.72%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A5.07%
Max Deferred Sales LoadN/A1.48%
3 Yr Expense Projection0N/A
5 Yr Expense Projection0N/A
10 Yr Expense Projection0N/A
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