Release Date: 12-31-2015
Putnam
Equity Income Y PEIYX
....................................................................................................................................................................................................................................................................................................................................................
Benchmark
Overall Morningstar Rating™
Morningstar Return
Morningstar Risk
Russell 1000 Value TR USD
QQQQQ
High
Average
Out of 1190 Large Value Investments. A fund's overall Morningstar Rating, based on its risk-adjusted return, is a
weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosure for details.
Investment Information
Performance as of 12-31-15
Investment Objective & Strategy from investment’s prospectus
20
The investment seeks capital growth and current income.
The fund invests mainly in common stocks of midsize
and large U.S. companies, with a focus on value stocks that
offer the potential for capital growth, current income, or
both. Value stocks are issued by companies that the adviser
believes are currently undervalued by the market. The
adviser may consider, among other factors, a company's
valuation, financial strength, growth potential, competitive
position in its industry, projected future earnings, cash flows
and dividends when deciding whether to buy or sell
investments.
15
Fees and Expenses as of 03-30-15
Prospectus Gross Expense Ratio
Total Annual Operating Exp per $1000
Maximum Sales Charge
12b-1 Fee
Redemption Fee/Term
0.73%
$7.30
.
.
.
Portfolio Manager(s)
Darren A. Jaroch, CFA. B.A., Hartwick College.
Walter Scully, Certified Public Accountant. B.A., Ohio State
University. M.B.A., University of Chicago (Booth).
10
0
-5
-10
-15
YTD
1 Year
3 Year
5 Year
10 Year
Average annual, if greater
than 1 year
Since Inception
-2.93
-2.93
13.02
11.94
7.99
7.96
Investment Return %
-3.83
-3.83
13.08
11.27
6.16
.
Benchmark Return %
-4.05
-4.05
11.63
9.75
5.59
10.70
Category Average %
................................................................................................................................................................................................................
.
.
.
Morningstar Rating™
QQQQ
QQQQ QQQQQ
.
.
1190
1042
754
.
# of Funds in Category
The performance data quoted reflects past performance. Past performance does not guarantee future results. The
investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be
worth more or less than their original cost. Current performance may be lower than the performance data quoted. For the
most recent month end performance information, please call 1-800-922-9945, or visit rps.troweprice.com.
Portfolio Analysis
% Assets
10-01-98
Putnam Investment Management,
LLC
800-225-1581
www.putnam.com
Putnam
Morningstar Equity Style Box ™ as of 09-30-15
89.1
6.9
0.0
2.2
1.9
Small
U.S. Stocks
Non-U.S. Stocks
Bonds
Cash
Other
Large Mid
Operations and Management
Telephone
Web Site
Issuer
Investment
Benchmark
5
Composition as of 09-30-15
Fund Inception Date
Management Company
Total Return%
as of 12-31-15
Value Blend Growth
% Market Cap
Giant
42.30
Large
Medium
Small
34.58
20.27
2.85
..........................................................
..........................................................
Micro
0.00
Category Description: Large Value
Top 10 Holdings as of 09-30-15
Morningstar Equity Sectors as of 09-30-15
% Fund
Large-value portfolios invest primarily in big U.S. companies
that are less expensive or growing more slowly than other
large-cap stocks. Stocks in the top 70% of the capitalization
of the U.S. equity market are defined as large cap. Value is
defined based on low valuations (low price ratios and high
dividend yields) and slow growth (low growth rates for
earnings, sales, book value, and cash flow).
Eli Lilly and Co
Northrop Grumman Corp
Cigna Corp
JPMorgan Chase & Co
Citigroup Inc
2.87
2.65
2.21
2.20
2.07
Cyclical
32.87
2.13
8.71
18.95
3.08
Exxon Mobil Corporation
Wells Fargo & Co
Johnson & Johnson
Comcast Corp Class A
Coty Inc Class A
2.04
1.98
1.91
1.88
1.67
Sensitive
39.43
7.41
9.28
11.47
11.27
Volatility and Risk
Investment
Low
Moderate
High
Category
Best 3 Month Return
Worst 3 Month Return
24.30%
(Mar '09 - May '09)
-27.11%
(Sep '08 - Nov '08)
% Assets
...........................................................................................................
...........................................................................................................
Total Number of Stock Holdings
Total Number of Bond Holdings
Turnover Ratio %
Total Assets ($mil)
Principal Risks
112
0
29.00
5,975.80
...........................................................................................................
Basic Materials
Consumer Cyclical
Financial Services
Real Estate
...........................................................................................................
Communication Services
Energy
Industrials
Technology
Defensive
27.71
Consumer Defensive
Healthcare
Utilities
7.32
15.15
5.24
...........................................................................................................
For more information on the risks presented, please refer to http://rps.troweprice.com/riskglossary
Loss of Money, Not FDIC Insured, Value Investing, Income, Issuer, Market/Market Volatility, Equity Securities, Industry and
Sector Investing
©2016 Morningstar, Inc., Morningstar Investment Profiles™ 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary to
Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar
nor its content providers are responsible for any damages or losses arising from any use of information. Past performance is no guarantee of future
performance. Visit our investment website at www.morningstar.com.