Putnam U.S. Research Fund Class A (PNRAX)

Fund Assets	819.27M
Expense Ratio	0.88%
Min. Investment	$500
Turnover	65.00%
Dividend (ttm)	0.28
Dividend Yield	0.43%
Dividend Growth	10.83%
Payout Frequency	Annual
Ex-Dividend Date	Dec 22, 2025

Previous Close	64.64
YTD Return	15.64%
1-Year Return	24.55%
5-Year Return	90.16%
52-Week Low	52.48
52-Week High	65.37
Beta (5Y)	1.06
Holdings	150
Inception Date	Oct 2, 1995

About PNRAX

Putnam Research Fund Class A is a mutual fund that seeks capital appreciation by primarily investing in common stocks of large U.S. companies. The fund leverages the highest conviction ideas from Putnam's Equity Research team, targeting both growth and value stocks that are believed to have favorable investment prospects. Its portfolio is typically concentrated in leading sectors such as technology, consumer cyclical, and communication services, with significant holdings in major companies like Microsoft, NVIDIA, Amazon.com, and Apple. This structure enables the fund to maintain exposure to a broad range of influential U.S. corporations, reflecting both established market leaders and dynamic innovators. As part of the large blend category, the fund aims to balance growth and value characteristics, making it suitable for investors seeking broad exposure to the U.S. equity market through a diversified, research-driven approach.

• Fund Family: Franklin Templeton Investments
• Category: Large Blend
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PNRAX
• Share Class: Class A Shares
• Index: S&P 500 TR

Performance

PNRAX had a total return of 24.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.50%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VQNPX	Vanguard	Vanguard Growth and Income Fund Investor Shares	0.39%
FMGKX	Fidelity	Fidelity Magellan K	0.57%
FMAGX	Fidelity	Fidelity Magellan Fund	0.64%
FEQDX	Fidelity	Fidelity Advisor Hedged Equity C	1.55%
VPMCX	Vanguard	Vanguard PRIMECAP Inv	0.35%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PURYX	Class Y Shares	0.49%
PRSRX	Class R Shares	1.13%
PRACX	Class C Shares	1.63%

Top 10 Holdings

39.81% of assets

Name	Symbol	Weight
Apple Inc.	AAPL	7.40%
Microsoft Corporation	MSFT	7.16%
NVIDIA Corporation	NVDA	5.71%
Alphabet Inc.	GOOGL	5.16%
Amazon.com, Inc.	AMZN	4.41%
Lam Research Corporation	LRCX	2.47%
Broadcom Inc.	AVGO	1.99%
Advanced Micro Devices, Inc.	AMD	1.90%
Cisco Systems, Inc.	CSCO	1.84%
Meta Platforms, Inc.	META	1.77%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 22, 2025	$6.4212	Dec 22, 2025
Dec 5, 2024	$3.995	Dec 9, 2024
Dec 6, 2023	$0.125	Dec 8, 2023
Dec 6, 2022	$3.303	Dec 8, 2022
Dec 6, 2021	$3.541	Dec 8, 2021
Dec 4, 2020	$0.808	Dec 8, 2020

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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