M&A: PUTNAM LARGE CAP VALUE FUND

Form Type: N-CSR

Filing Date: 2024-12-27

Corporate Action: Merger

Type: Update

Accession Number: 000092881624002153

Comments: The document is a certified shareholder report of Putnam Large Cap Value Fund for the fiscal year ending October 31, 2024. It details the fund's performance over the year, which showed a return of 35.36% for Class A shares, outperforming the Russell 1000 Value Index's 30.98%. Key contributors to performance included overweight positions in NRG Energy, PulteGroup, and United Rentals, while detractors included Charter Communications, Shell, and Humana. The report also outlines significant changes due to a merger, specifying that Franklin Resources, Inc. acquired Putnam Holdings, completing the transaction on January 1, 2024. As a result, Putnam Management and Putnam Investments Limited are now wholly-owned subsidiaries of Franklin Templeton, with a new management contract approved by shareholders. The document provides key statistics including total net assets of $33,062,192,931 and a total management fee paid of $123,686,582, with a portfolio turnover rate of 16%. Overall, the report includes various financial metrics, investment performance figures, and instructions for accessing further information about the Fund.

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