[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-232240-105":3,"detail-sidebar-cat-0-en-105":81,"doc-detail-232240-en":130},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","putnam-sustainable-leaders-ptn-1-investment-strategy-profile-disclosures-and-glossary","Putnam Sustainable Leaders (PTN-1) - Investment Strategy Profile - Disclosures and Glossary","","Putnam Sustainable Leaders (PTN-1) provides an overview of a large-cap sustainability-focused SMA, detailing program parameters, strategy minimums, inception timing, and how performance figures are presented within the Select UMA framework. The document explains composite labeling differences across manager results, Morgan Stanley execution, and transition months, and clarifies that past performance does not guarantee future outcomes. It also defines target portfolio characteristics and a multi-step investment process covering idea generation, integrated fundamental research, and risk-managed portfolio construction.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & Report",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/putnam-sustainable-leaders-ptn-1-investment-strategy-profile-disclosures-and-glossary/232240/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/putnam-sustainable-leaders-ptn-1-investment-strategy-profile-disclosures-and-glossary/232240.png","ImageObject",300,407,{"name":42,"@type":43},"Noah","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-31","2026-09-10",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",8,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"How are performance results labeled and shaded in this strategy profile?","Question",{"text":63,"@type":64},"The profile may show Select UMA composite results in unshaded areas, while the manager’s own composite is shaded grey and labeled “Manager.” If the transition month occurs mid-quarter, the relevant quarter or year is shaded blue and labeled “Transition.”","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What are the target portfolio characteristics for Putnam Sustainable Leaders (PTN-1)?",{"text":68,"@type":64},"The strategy targets 50 to 80 holdings, a P/E ratio similar to or above the S&P 500, cash levels of 2 to 10% over the market cycle, and standard deviation similar to the S&P 500. It also targets average turnover of 30 to 60% and uses eligible investments as individual stocks.",{"name":70,"@type":61,"acceptedAnswer":71},"What is the investment process used by the portfolio manager?",{"text":72,"@type":64},"The process includes inclusionary idea generation with filtering for capitalization and liquidity, integrated fundamental research combining sustainability, fundamentals, and valuation, and risk management/portfolio construction aimed at a high-conviction 50–80 stock portfolio with an intended 2%–6% tracking error for long-term performance.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},232240,1789069995,{"code":4,"msg":82,"data":83},"success",[84,88,92,96,101,106,111,114,119,122,126],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":89,"show_sort_weight":90,"slug":91},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":93,"show_sort_weight":94,"slug":95},"Exam",70,"exam",{"id":97,"doc_module":4,"doc_module_name":25,"category_name":98,"show_sort_weight":99,"slug":100},5,"Comic",60,"comic",{"id":102,"doc_module":4,"doc_module_name":25,"category_name":103,"show_sort_weight":104,"slug":105},6,"Technology",50,"technology",{"id":107,"doc_module":4,"doc_module_name":25,"category_name":108,"show_sort_weight":109,"slug":110},7,"Healthcare",40,"healthcare",{"id":55,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":112,"slug":113},30,"research-report",{"id":115,"doc_module":4,"doc_module_name":25,"category_name":116,"show_sort_weight":117,"slug":118},9,"Religion & Spirituality",20,"religion-spirituality",{"id":117,"doc_module":4,"doc_module_name":25,"category_name":120,"show_sort_weight":117,"slug":121},"World Cup","world-cup",{"id":123,"doc_module":4,"doc_module_name":25,"category_name":124,"show_sort_weight":123,"slug":125},10,"Lifestyle","lifestyle",{"id":127,"doc_module":4,"doc_module_name":25,"category_name":128,"show_sort_weight":97,"slug":129},19,"General","general",{"code":4,"msg":82,"data":131},{"doc_id":79,"user_id":132,"nickname":42,"user_avatar":133,"doc_module":4,"category_id":55,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":123,"language":139,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":12,"update_tm":80,"read_time":143,"preview_page_count":4},8796095462418,"https://ap-avatar.wpscdn.com/avatar/80000253c1241d02b47?x-image-process=image/resize,m_fixed,w_180,h_180&k=1778826106357471780","Putnam Sustainable Leaders (PTN-1)  \nStyle: US Large Cap GIMA Status: Approved Program Inception: 10/29/2020 Strategy Minimum: $5,000  \nEXECUTIVE SUMMARY  \nTo help you better understand the performance results of third-party investment manager strategies within our Select UMA Program, we are including additional information within manager profiles that may inform your decision to invest in this strategy:  \n• The performance results displayed in this profile may include a composite of Morgan Stanley accounts enrolled in the strategy. These are unshaded in the Investment Results and Portfolio Quarterly Returns sections of the profile with the Select UMA label.  \n•  \nThe results also display the performance of the manager’s own composite of accounts invested in its version of the investment strategy , prior to the strategy’s inception in the Select UMA program. These are shaded in grey and labeled Manager. While this performance is relevant, it does not reflect the role that Morgan Stanley plays in delivering this strategy , which is reflected in the unshaded portion of the Investment Results and Portfolio Quarterly Returns sections of the profile. Morgan Stanley works in tandem, with the manager, to deliver this strategy to its clients. For this reason, Morgan Stanley does not display the manager’sown composite of accounts invested in its version of the investment strategy beyond the transition month. As a result, the manager’s results and the strategy’s results may differ, as discussed in further detail below.  \n• If the transition month between the manager’s results and the strategy’s results occurs in the middle of a quarter , that quarter or year will be shaded blue in the Investment Results and Portfolio Quarterly Returns sections of the profile and labeled Transition.  \nThe manager exercises discretion in selecting securities for your account, but differences between the manager’s prior gross results and the strategy’s ongoing gross results may arise from variations in who executes the strategy or how it is implemented:  \n• Some managers may deliver a model portfolio to Morgan Stanley, which may ultimately be responsible for executing those investment decisions.  \n• In some cases, the manager may act as an \"executing manager,\" which means it implements its investment decisions and transactions directly instead of delivering instructions to Morgan Stanley.  \n• The manager’s prior performance results are based on accounts that do not participate in the Select UMA program, with investment and operational differences such as account size and/or level of customization.  \n• There may be other reasons why the performance results differ from those of individual Select UMA accounts managed in the same or a substantially similar investment strategy. For example, Morgan Stanley may deviate from strategy models when applying client-requested restrictions.  \nIf you have any questions about any of the information included in this profile, please contact your Morgan Stanley team.  \nPast performance is not a guarantee of future results. Actual individual account results may differ from the performance shown in this profile. There is no guarantee that any investment strategy will achieve its intended results under all market conditions. Do not rely upon this profile as the sole basis for your investment decisions.  \nFor MAPS Third Party Model Portfolios,‘Manager’ illustrated performance is that of the Model Portfolio Provider.  \nThe subsequent pages contain important disclosures and a glossary of terms. Information as of June 30, 2026, unless otherwise noted and is subject to change.  \nPutnam Sustainable Leaders (PTN-1)  \nStyle: US Large Cap GIMA Status: Approved Program Inception: 10/29/2020 Strategy Minimum: $5,000  \nStrategy Overview   \nThe Putnam Sustainable Leaders SMA seeks to identify large-cap companies whose businesses benefit from sustainability leadership. Companies demonstrating leadership in business-relevant sustainability is","cbCailWkX5whV1bc","https://ap.wps.com/l/cbCailWkX5whV1bc","pdf",123779,"English","# Executive Summary\n## Strategy Overview\n## Target Portfolio Characteristics\n## Portfolio Manager Details\n## Manager's Investment Process\n## Disclosures and Glossary","[{\"question\":\"How are performance results labeled and shaded in this strategy profile?\",\"answer\":\"The profile may show Select UMA composite results in unshaded areas, while the manager’s own composite is shaded grey and labeled “Manager.” If the transition month occurs mid-quarter, the relevant quarter or year is shaded blue and labeled “Transition.”\"},{\"question\":\"What are the target portfolio characteristics for Putnam Sustainable Leaders (PTN-1)?\",\"answer\":\"The strategy targets 50 to 80 holdings, a P/E ratio similar to or above the S\\u0026P 500, cash levels of 2 to 10% over the market cycle, and standard deviation similar to the S\\u0026P 500. It also targets average turnover of 30 to 60% and uses eligible investments as individual stocks.\"},{\"question\":\"What is the investment process used by the portfolio manager?\",\"answer\":\"The process includes inclusionary idea generation with filtering for capitalization and liquidity, integrated fundamental research combining sustainability, fundamentals, and valuation, and risk management/portfolio construction aimed at a high-conviction 50–80 stock portfolio with an intended 2%–6% tracking error for long-term performance.\"}]","Putnam Sustainable Leaders (PTN-1) - Investment Strategy Profile - Disclosures and Glossary | PDF",25]