Putnam Investments is one of the most renowned financial investment companies in the world, offering a variety of investment solutions and strategies to both individuals and institutions. The company manages assets worth over $147 billion (as of May 31, 2016), of which $73 billion is allocated to more than 80 mutual funds including both equity and fixed income funds.

The company operates in North America, Europe, and Asia with offices in Boston, London, Frankfurt, Tokyo, Sydney, and Singapore. It provides a wide range of financial services including 50 institutional strategies. At present, the company has more than 200 investment professionals. It was founded in 1937 and is headquartered in Boston, MA.

Below we share with you three top-rated Putnam mutual funds. Each has earned a Zacks Mutual Fund Rank #1(Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Putnam Investment funds.

Putnam Absolute Return 500 R (PJMRX - MF report) seeks to provide total return that exceeds the return of the U.S. Treasury bills by at least 5% over a significant time period. PJMRX follows two investment strategies – beta and alpha strategies – in order to attain its objective. Putnam Absolute Return 500 R has a five-year annualized return of 2.9%.

PJMRXhas an expense ratio of 1.34% as compared to the category average of 1.76%.

Putnam Global Technology A (PGTAX - MF report) invests a major portion of its assets in securities of companies involved in operations related to the technology domain. PGTAX seeks growth of capital over the long run. The fund uses a blend strategy to invest in common stocks of companies. It primarily invests in securities of large- and mid-cap companies. Putnam Global Technology A has a five-year annualized return of 13.9%.

Di Yao is one of the fund managers of PGTAX since 2012.

Putnam Small Cap Growth A (PNSAX - MF report) primarily focuses on acquiring common stocks of small-cap companies that are expected to have earnings and business growth prospects higher than their respective peers. PNSAX invests the lion’s share of its assets in securities of companies which falls within the range of the Russell 2000 Growth Index. Putnam Small Cap Growth A has a five-year annualized return of 12%.

As of June 2016, PNSAX held 249 issues, with 1.59% of its assets invested in Jazz Pharmaceuticals PLC.