Putting durable growth themes to work
A thematic approach is a distinctive feature of Large Cap Growth Fund. The team analyzes global trends, as well as problems and potential solutions, to identify which themes could drive sustained growth for businesses over a multi-year time horizon.
About our thematic approach Fund details
THEME: Cloud infrastructure and software
Businesses are increasingly shifting their information technology systems from on-premise databases to cloud storage. The benefits are widely recognized and include reduced costs, enhanced data security, better collaboration, and greater flexibility for employees accessing company documents and data.
The demand for cloud computing is on the rise as more businesses find it essential to transition their on-site data systems.
STOCK: Oracle (ORCL)
We believe Oracle is poised to benefit from accelerating growth, driven by its Oracle Cloud Infrastructure (OCI) business.
- We believe Oracle is a credible number-four player in cloud infrastructure, with the ability to take share at its current growth rate. Our view was supported by the recent promotion of OCI from “niche” to “visionary” in Gartner’s annual cloud report quadrant.
- Acceleration in OCI is expected to be a double-digit tailwind to organic cloud revenue growth over the next few years.
- The business is also seeing strong momentum from traditional Oracle workloads shifting from on-premise to OCI. This shift is currently less than 50% of new revenues, but the transition is still in the early innings.
- OCI’s network fabric architecture has proven itself in marquee contract wins with leading generative AI startups.
Putnam Large Cap Growth Fund
See how investing in companies with durable long-term growth prospects, high and/or improving capital returns, and a strong ownership culture drives 5-star performance as of 5/31/2020.
Get to know Putnam Large Cap Growth Fund
Learn more about the distinctive thematic approach and how the team analyzes global trends to identify which themes could drive sustained growth for Putnam Large Cap Growth Fund.
Fund details Launch fund comparison
The Morningstar Rating™ for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36 to 59 months of total returns, 60% five-year rating/40% three-year rating for 60 to 119 months of total returns, and 50% ten-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the ten-year overall star rating formula seems to give the most weight to the ten-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effects of sales charges and loads.
More in: Equity