In this episode, Chris speaks with Richard Bodzy and Gregory McCullough, portfolio managers of the Putnam Growth Opportunities Fund.    

 During the conversation, they touch on many topics, including: 

• The current growth environment
• The benefits of a thematic, long-term approach to growth investing
• The themes resonating in today’s market
• The process of identifying growth trends
• The critical elements evaluated when implementing portfolio ideas
• The importance of analysts and bottom up research

This material is for informational and educational purposes only. It is not a recommendation of any specific investment product, strategy, or decision, and is not intended to suggest taking or refraining from any course of action. It is not intended to address the needs, circumstances, and objectives of any specific investor. This information is not meant as tax or legal advice. Investors should consult a professional advisor before making investment and financial decisions and for more information on tax rules and other laws, which are complex and subject to change.

 Consider these risks before investing: Growth stocks may be more susceptible to earnings disappointments, and the market may not favor growth-style investing. The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political, or financial market conditions; investor sentiment and market perceptions; government actions; geopolitical events or changes; and factors related to a specific issuer, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. From time to time, the fund may invest a significant portion of its assets in companies in one or more related industries or sectors, which would make the fund more vulnerable to adverse developments affecting those industries or sectors.

The Russell 1000® Growth Index is an unmanaged index of those companies in the large-cap Russell 1000 Index chosen for their growth orientation. You cannot directly invest in an index. 

Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company.

 Top 10 holdings as of 07/31/22

 | Microsoft Corp | 11.52%
 | Apple | 10.79%
 | Amazon.Com | 6.41%
 | Alphabet | 5.97%
 | Tesla | 3.69%
 | UnitedHealth Group | 3.51%
 | Mastercard | 2.89%
 | Visa | 2.84%
 | Costco Wholesale Corp | 2.59%
 | Nvidia Corp | 2.09%
 | Top 10 holdings, percent of portfolio | 52.29%
 |  Holdings will vary over time. This is not an offer to sell or a recommendation to buy any individual security.   |  

 Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, call your financial representative or call Putnam at 1-800-225-1581. Please read the prospectus carefully before investing.

 Putnam Retail Management            AD2420649    9-22 

Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, call your financial representative or call Putnam at 1- 800-225-1581. Please read the prospectus carefully before investing.