Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. Performance assumes reinvestment of distributions and does not account for taxes. Returns before sales charge do not reflect the current maximum sales charges as indicated below. Had the sales charge been reflected, returns would be lower. Returns at public offering price (after sales charge) for class A and class M shares reflect the current maximum initial sales charges of 5.75% and 3.50% for equity funds and 4.00% and 3.25% for income funds (2.25% for class A of Putnam Floating Rate Income Fund, Short-Term Municipal Income, Short Duration Bond Fund, and Fixed Income Absolute Return Fund), respectively. Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declining to 1% in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, Putnam Short Duration Bond Fund, Putnam Fixed Income Absolute Return Fund, and Putnam Short-Term Municipal Income Fund, which is 1% in the first year, declining to 0.5% in the second year, and is eliminated thereafter). Class C shares reflect a 1% CDSC the first year that is eliminated thereafter. Performance for class B, C, M, N, R, and Y shares prior to their inception is derived from the historical performance of class A shares, adjusted for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (with the exception of Putnam Tax-Free High Yield Fund and Putnam Strategic Intermediate Municipal Fund, which are based on the historical performance of class B shares). Performance for class A, C, R6, and Y shares of Putnam Mortgage Opportunities Fund before their inception is derived from the historical performance of class I shares, which have been adjusted for the applicable sales charge (or CDSC) and the higher operating expenses for such shares. Returns at public offering price (after sales charge) for class N shares reflect the current maximum initial sales charge of 1.50%. Class R5/R6 shares, available to qualified employee-benefit plans only, are sold without an initial sales charge and have no CDSC. Class Y shares are generally only available for corporate and institutional clients and have no initial sales charge. Performance for class R5/R6 shares before their inception are derived from the historical performance of class Y shares, which have not been adjusted for the lower expenses; had they, returns would have been higher. Class A shares of Putnam money market funds have no initial sales charge. For a portion of the period, some funds had expenses limitations or had been sold on a limited basis with limited assets and expenses, without which returns would be lower.
Active Equities
International Value Fund (Class Y) (PNGYX)
Seeks to benefit from undervalued international companies poised to experience positive change
Highlights
Objective
The fund seeks capital growth. Current income is a secondary objective.
Strategy and process
- International companies: The fund provides broad exposure to established large-cap non-U.S. companies trading at a discount to their intrinsic value.
- A value strategy: This relative-value fund focuses on companies that the managers believe possess a catalyst for positive change.
- A disciplined process: The portfolio managers invest using fundamental research and quantitative tools supported by strong risk controls in portfolio construction.
Fund price |
Yesterday’s close | 52-week high | 52-week low |
---|---|---|---|
Net asset value |
$11.75
-1.18% | $-0.14 |
$11.89
01/14/21 |
$7.05
03/23/20 |
Fund facts as of 12/31/20
$126.27M
19%
Annually
73
June
746763614 / 1851
10/02/00
Value
PNGYX
Literature
Fund documents |
|
Fact Sheet (R6 share) (PDF) | |
Fact Sheet (Y share) (PDF) | |
Summary Prospectus (PDF) |
|
Statutory Prospectus (PDF) |
|
Statement of Additional Information (SAI) (PDF) | |
Annual Report (PDF) |
|
Semiannual Report (PDF) |
|
Proxy voting results (Form N-PX) (PDF) | |
Equity Outlook (PDF) |
|
Comparing Putnam's international/global equity funds (PDF) |
|
What’s next for the hard-hit financials sector?
The financials sector has been among the hardest hit from the COVID-19-induced equity market selloff, but there are reasons for optimism.Performance
Total return (%) as of 12/31/20
Annual performance as of 12/31/20
Annualized Total return (%) as of 12/31/20
Annualized performance | 1 yr. | 3 yrs. | 5 yrs. | 10 yrs. |
---|---|---|---|---|
Before sales charge | 4.37% | 1.09% | 5.38% | 4.10% |
After sales charge | N/A | N/A | N/A | N/A |
MSCI EAFE Value Index (ND) | -2.63% | -1.24% | 4.20% | 3.37% |
Performance snapshot
Before sales charge | After sales charge | ||
---|---|---|---|
1 mt. as of 12/31/20 | 5.42% | - | |
YTD as of 01/15/21 | 3.89% | - | |
Risk-adjusted performance as of 12/31/20
Alpha (3 yrs.) | 2.23 |
---|---|
Sharpe ratio (3 yrs.) | -0.02 |
Treynor ratio (3 yrs.) | -0.42 |
Information ratio (3 yrs.) | 0.68 |
Volatility as of 12/31/20
Standard deviation (3 yrs.) | 20.24% |
---|---|
Beta | 0.96 |
R-squared | 0.97 |
Capture ratio as of 12/31/20
Up-market (3 yrs.) | 101.16 |
---|---|
Down-market (3 yrs.) | 92.75 |
Lipper rankings as of 12/31/20
Time period | Rank/Funds in category | Percentile ranking |
---|---|---|
1 yr. | 11/38 | 29% |
3 yrs. | 9/35 | 25% |
5 yrs. | 8/34 | 23% |
10 yrs. | 8/30 | 26% |
Morningstar Ratings™ as of 12/31/20
Time period | Funds in category | Morningstar Rating™ |
---|---|---|
Overall | 322 | |
3 yrs. | 322 | |
5 yrs. | 280 | |
10 yrs. | 184 |
Distributions
Record/Ex dividend date | 12/23/20 |
---|---|
Payable date | 12/28/20 |
Income | $0.213 |
Extra income | -- |
Short-term cap. gain | -- |
Long-term cap. gain | $0.028 |
Lipper rankings are based on total return without sales charge relative to all share classes of funds with similar objectives as determined by Lipper. Past performance is not indicative of future results.
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
The up-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has risen. The ratio is calculated by dividing the manager’s returns by the returns of the index during the up-market, and multiplying that factor by 100. The down-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has dropped. The ratio is calculated by dividing the manager’s returns by the returns of the index during the down-market and multiplying that factor by 100.
Compare
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** FundVisualizer comparison based on Putnam fund versus the largest fund in its Morningstar category.
Holdings
Novartis Ag | 3.65% |
---|---|
Aia Group | 2.91% |
Vinci | 2.68% |
Ing Groep Nv | 2.61% |
Siemens Ag | 2.39% |
Ashtead Group | 2.32% |
Australia New Zealand Banking Group | 2.21% |
Sanofi | 2.10% |
Sony Corp | 2.09% |
Samsung Electronics | 2.08% |
Top 10 holdings, percent of portfolio | 25.04% |
Top 10 holdings as of 12/31/20 | |
---|---|
Novartis Ag | |
Aia Group | |
Vinci | |
Ing Groep Nv | |
Siemens Ag | |
Ashtead Group | |
Australia New Zealand Banking Group | |
Sanofi | |
Sony Corp | |
Samsung Electronics | |
Holdings represent 25.04% of portfolio |
Top 10 holdings as of 11/30/20 | |
---|---|
Novartis Ag | |
Vinci | |
Ing Groep Nv | |
Aia Group | |
Samsung Electronics | |
Siemens Ag | |
Sanofi | |
Australia New Zealand Banking Group | |
Ashtead Group | |
Sony Corp | |
Holdings represent 25.68% of portfolio |
Top 10 holdings as of 10/31/20 | |
---|---|
Novartis Ag | |
Aia Group | |
Vinci | |
Samsung Electronics | |
Sanofi | |
Siemens Ag | |
Ing Groep Nv | |
Mitsubishi Corp | |
Ashtead Group | |
Sony Corp | |
Holdings represent 25.66% of portfolio |
Top 10 holdings as of 09/30/20 | |
---|---|
Novartis Ag | |
Aia Group | |
Vinci | |
Sanofi | |
Siemens Ag | |
Samsung Electronics | |
Ing Groep Nv | |
Mitsubishi Corp | |
Astrazeneca | |
Ashtead Group | |
Holdings represent 26.00% of portfolio |
NOVARTIS AG-REG SEDOL 7103065 | 3.65% |
---|---|
AIA GROUP LTD SEDOL B4TX8S1 | 2.91% |
VINCI SA SEDOL B1XH026 | 2.68% |
ING GROEP NV-CVA SEDOL 7154182 | 2.61% |
SIEMENS AG-REG SEDOL 5727973 | 2.39% |
ASHTEAD GROUP PLC SEDOL 0053673 | 2.32% |
AUST AND NZ BANKING GROUP SEDOL 6065586 | 2.21% |
SANOFI SEDOL 5671735 | 2.10% |
SONY CORP SEDOL 6821506 | 2.09% |
SAMSUNG ELECTRONICS CO LTD SEDOL 6771720 | 2.08% |
NIPPON TELEGRAPH & TELEPHONE SEDOL 6641373 | 2.04% |
MITSUBISHI CORP SEDOL 6596785 | 2.01% |
ITOCHU CORP SEDOL 6467803 | 1.95% |
PRUDENTIAL PLC SEDOL 0709954 | 1.90% |
FERGUSON PLC SEDOL BJVNSS4 | 1.89% |
TOKYO ELECTRON LTD SEDOL 6895675 | 1.83% |
VODAFONE GROUP PLC SEDOL BH4HKS3 | 1.80% |
AXA SA SEDOL 7088429 | 1.72% |
ANGLO AMER PLC SEDOL B1XZS82 | 1.70% |
VEOLIA ENVIRONNEMENT SEDOL 4031879 | 1.70% |
ASTRAZENECA PLC SEDOL 0989529 | 1.67% |
HOYA CORP SEDOL 6441506 | 1.66% |
RIO TINTO PLC SEDOL 0718875 | 1.60% |
SUMITOMO MITSUI FINANCIAL GR SEDOL 6563024 | 1.59% |
QBE INSURANCE GROUP LTD SEDOL 6715740 | 1.42% |
UBS GROUP AG-REG SEDOL BRJL176 | 1.41% |
SSE PLC SEDOL 0790873 | 1.41% |
ALLIANZ SE-REG SEDOL 5231485 | 1.40% |
MINEBEA CO LTD SEDOL 6642406 | 1.40% |
KONINKLIJKE AHOLD DELHAIZE N SEDOL BD0Q398 | 1.37% |
UNILEVER PLC SEDOL BLRB262 | 1.35% |
MAGNA INTERNATIONAL INC SEDOL 2554475 | 1.28% |
LANXESS AG SEDOL B05M8B7 | 1.28% |
QUILTER PLC SEDOL BDCXV26 | 1.28% |
BP PLC SEDOL 0798059 | 1.26% |
QANTAS AIRWAYS LTD SEDOL 6710347 | 1.25% |
CRH PLC SEDOL 4182249 | 1.23% |
BNP PARIBAS SEDOL 7309681 | 1.14% |
SUNCOR ENERGY INC SEDOL B3NB1P2 | 1.13% |
TOTAL SE SEDOL B15C557 | 1.12% |
YAMAHA MOTOR CO LTD SEDOL 6985264 | 1.10% |
PANASONIC CORP SEDOL 6572707 | 1.08% |
KERRY GROUP PLC-A SEDOL 4519579 | 1.08% |
DNB NOR ASA SEDOL 4263304 | 1.06% |
EURAZEO SE SEDOL 7042395 | 1.06% |
ASAHI GROUP HOLDINGS LTD SEDOL 6054409 | 1.06% |
ORIX CORP SEDOL 6661144 | 1.06% |
IMPERIAL BRANDS PLC SEDOL 0454492 | 1.00% |
PARTNERS GROUP HOLDING AG SEDOL B119QG0 | 0.99% |
FORTUM OYJ SEDOL 5579550 | 0.99% |
COMPAGNIE DE SAINT-GOBAIN SEDOL 7380482 | 0.96% |
HANA FINANCIAL GROUP SEDOL B0RNRF5 | 0.93% |
BCE INC SEDOL B188TH2 | 0.91% |
SIG COMBIBLOC GROUP AG SEDOL BD5GN60 | 0.91% |
DALATA HOTEL GROUP PLC SEDOL BJMZDW8 | 0.90% |
DBS GROUP HOLDINGS LTD SEDOL 6175203 | 0.88% |
AENA SME SA SEDOL BVRZ8L1 | 0.84% |
ROYAL DUTCH SHELL PLC-B SHS SEDOL B03MM40 | 0.79% |
SEVEN & I HOLDINGS CO LTD SEDOL B0FS5D6 | 0.79% |
KDDI CORP SEDOL 6248990 | 0.77% |
COMPASS GROUP PLC SEDOL BD6K457 | 0.74% |
UNICREDIT SPA SEDOL BYMXPS7 | 0.74% |
BAE SYSTEMS PLC SEDOL 0263494 | 0.73% |
MIZUHO FINANCIAL GROUP INC SEDOL 6591014 | 0.72% |
NSK LTD SEDOL 6641544 | 0.69% |
CAIXABANK SA SEDOL B283W97 | 0.60% |
TELSTRA CORP LTD SEDOL 6087289 | 0.59% |
JDE PEET'S NV SEDOL BMC4ZZ3 | 0.51% |
LLOYDS BANKING GROUP PLC SEDOL 0870612 | 0.40% |
ALCON INC SEDOL BJT1GR5 | 0.39% |
SIEMENS ENERGY AG SEDOL BMTVQK9 | 0.31% |
OVINTIV INC SEDOL BL3GRC2 | 0.29% |
SKANDINAVISKA ENSKILDA BAN-A SEDOL 4813345 | 0.25% |
TREASURY BILL 00.0000 03/18/2021 | 0.24% |
AUD/USD 01/20/2021 HSBCB | 0.06% |
AUD/USD 01/20/2021 BANKAM | 0.05% |
CAD/USD 01/20/2021 GSFX | 0.05% |
JPY/USD 02/17/2021 GSFX | 0.03% |
ILS/USD 01/20/2021 SSBT | 0.03% |
AUD/USD 01/20/2021 PSBS | 0.03% |
SEK/USD 03/17/2021 RBSF | 0.02% |
NZD/USD 01/20/2021 JPMCB | 0.02% |
JPY/USD 02/17/2021 UBS | 0.01% |
AUD/USD 01/20/2021 BCAP-FX | 0.01% |
EUR/USD 03/17/2021 HSBCB | 0.01% |
AUD/USD 01/20/2021 JPMCB | 0.01% |
EUR/USD 03/17/2021 BANKAM | 0.01% |
EUR/USD 03/17/2021 JPMCB | 0.01% |
SGD/USD 02/17/2021 JPMCB | 0.01% |
SEK/USD 03/17/2021 MSCIL | 0.00% |
GBP/USD 03/17/2021 BANKAM | 0.00% |
GBP/USD 03/17/2021 CITI | 0.00% |
JPY/USD 02/17/2021 SSBT | 0.00% |
DKK/USD 03/17/2021 CITI | 0.00% |
EUR/USD 03/17/2021 GSFX | 0.00% |
JPY/USD 02/17/2021 JPMCB | 0.00% |
JPY/USD 02/17/2021 MSCIL | 0.00% |
EUR/USD 03/17/2021 UBS | 0.00% |
CHF/USD 03/17/2021 CITI | 0.00% |
EUR/USD 03/17/2021 WPAC | 0.00% |
CHF/USD 03/17/2021 SSBT | 0.00% |
EUR/USD 03/17/2021 MSCIL | 0.00% |
HKD/USD 02/17/2021 BCAP-FX | 0.00% |
HKD/USD 02/17/2021 GSFX | 0.00% |
HKD/USD 02/17/2021 HSBCB | 0.00% |
HKD/USD 02/17/2021 SSBT | 0.00% |
HKD/USD 02/17/2021 UBS | 0.00% |
CHF/USD 03/17/2021 JPMCB | -0.00% |
EUR/USD 03/17/2021 BCAP-FX | -0.00% |
EUR/USD 03/17/2021 CITI | -0.00% |
EUR/USD 03/17/2021 SSBT | -0.00% |
GBP/USD 03/17/2021 JPMCB | -0.00% |
NOK/USD 03/17/2021 JPMCB | -0.00% |
CAD/USD 01/20/2021 HSBCB | -0.00% |
CHF/USD 03/17/2021 HSBCB | -0.00% |
GBP/USD 03/17/2021 BCAP-FX | -0.00% |
GBP/USD 03/17/2021 HSBCB | -0.00% |
GBP/USD 03/17/2021 MSCIL | -0.01% |
JPY/USD 02/17/2021 HSBCB | -0.01% |
JPY/USD 02/17/2021 BANKAM | -0.01% |
CAD/USD 01/20/2021 CITI | -0.01% |
SEK/USD 03/17/2021 HSBCB | -0.01% |
CAD/USD 01/20/2021 PSBS | -0.01% |
JPY/USD 02/17/2021 CITI | -0.01% |
CAD/USD 01/20/2021 UBS | -0.02% |
GBP/USD 03/17/2021 WPAC | -0.02% |
GBP/USD 03/17/2021 SSBT | -0.03% |
AUD/USD 01/20/2021 WPAC | -0.05% |
CAD/USD 01/20/2021 JPMCB | -0.05% |
CAD/USD 01/20/2021 BANKAM | -0.08% |
KRW/USD 02/17/2021 JPMCB | -0.09% |
NOVARTIS AG-REG SEDOL 7103065 | 4.01% |
---|---|
AIA GROUP LTD SEDOL B4TX8S1 | 2.78% |
VINCI SA SEDOL B1XH026 | 2.68% |
SANOFI SEDOL 5671735 | 2.60% |
SIEMENS AG-REG SEDOL 5727973 | 2.52% |
SAMSUNG ELECTRONICS CO LTD SEDOL 6771720 | 2.47% |
MITSUBISHI CORP SEDOL 6596785 | 2.33% |
ING GROEP NV-CVA SEDOL 7154182 | 2.33% |
ASTRAZENECA PLC SEDOL 0989529 | 2.17% |
ASHTEAD GROUP PLC SEDOL 0053673 | 2.12% |
ITOCHU CORP SEDOL 6467803 | 2.07% |
NIPPON TELEGRAPH & TELEPHONE SEDOL 6641373 | 1.95% |
SONY CORP SEDOL 6821506 | 1.90% |
FERGUSON PLC SEDOL BJVNSS4 | 1.87% |
AUST AND NZ BANKING GROUP SEDOL 6065586 | 1.87% |
VEOLIA ENVIRONNEMENT SEDOL 4031879 | 1.79% |
PRUDENTIAL PLC SEDOL 0709954 | 1.75% |
VODAFONE GROUP PLC SEDOL BH4HKS3 | 1.74% |
KONINKLIJKE AHOLD DELHAIZE N SEDOL BD0Q398 | 1.71% |
SUMITOMO MITSUI FINANCIAL GR SEDOL 6563024 | 1.71% |
HOYA CORP SEDOL 6441506 | 1.62% |
UNILEVER NV SEDOL B1527V7 | 1.61% |
QBE INSURANCE GROUP LTD SEDOL 6715740 | 1.60% |
MINEBEA CO LTD SEDOL 6642406 | 1.59% |
AXA SA SEDOL 7088429 | 1.58% |
RIO TINTO PLC SEDOL 0718875 | 1.54% |
TOKYO ELECTRON LTD SEDOL 6895675 | 1.54% |
ANGLO AMER PLC SEDOL B1XZS82 | 1.47% |
UBS GROUP AG-REG SEDOL BRJL176 | 1.35% |
ALLIANZ SE-REG SEDOL 5231485 | 1.31% |
SSE PLC SEDOL 0790873 | 1.28% |
BP PLC SEDOL 0798059 | 1.27% |
CRH PLC SEDOL 4182249 | 1.26% |
QUILTER PLC SEDOL BDCXV26 | 1.20% |
NINTENDO CO LTD SEDOL 6639550 | 1.18% |
QANTAS AIRWAYS LTD SEDOL 6710347 | 1.16% |
LANXESS AG SEDOL B05M8B7 | 1.15% |
KERRY GROUP PLC-A SEDOL 4519579 | 1.14% |
ASAHI GROUP HOLDINGS LTD SEDOL 6054409 | 1.07% |
TOTAL SE SEDOL B15C557 | 1.06% |
BCE INC SEDOL B188TH2 | 1.06% |
COMPAGNIE DE SAINT-GOBAIN SEDOL 7380482 | 1.05% |
ORIX CORP SEDOL 6661144 | 1.01% |
EURAZEO SE SEDOL 7042395 | 1.01% |
IMPERIAL BRANDS PLC SEDOL 0454492 | 1.00% |
SINO-AMERICAN SILICON PRODUC SEDOL 6335278 | 1.00% |
FORTUM OYJ SEDOL 5579550 | 0.99% |
MAGNA INTERNATIONAL INC SEDOL 2554475 | 0.99% |
SUNCOR ENERGY INC SEDOL B3NB1P2 | 0.98% |
PANASONIC CORP SEDOL 6572707 | 0.95% |
SIG COMBIBLOC GROUP AG SEDOL BD5GN60 | 0.94% |
BNP PARIBAS SEDOL 7309681 | 0.93% |
PARTNERS GROUP HOLDING AG SEDOL B119QG0 | 0.93% |
DNB NOR ASA SEDOL 4263304 | 0.89% |
MIZUHO FINANCIAL GROUP INC SEDOL 6591014 | 0.84% |
SEVEN & I HOLDINGS CO LTD SEDOL B0FS5D6 | 0.82% |
DBS GROUP HOLDINGS LTD SEDOL 6175203 | 0.81% |
BAE SYSTEMS PLC SEDOL 0263494 | 0.80% |
AENA SME SA SEDOL BVRZ8L1 | 0.80% |
KDDI CORP SEDOL 6248990 | 0.78% |
UNICREDIT SPA SEDOL BYMXPS7 | 0.78% |
NSK LTD SEDOL 6641544 | 0.72% |
COMPASS GROUP PLC SEDOL BD6K457 | 0.72% |
DALATA HOTEL GROUP PLC SEDOL BJMZDW8 | 0.67% |
ROYAL DUTCH SHELL PLC-B SHS SEDOL B03MM40 | 0.66% |
TELSTRA CORP LTD SEDOL 6087289 | 0.61% |
CAIXABANK SA SEDOL B283W97 | 0.59% |
YAMAHA MOTOR CO LTD SEDOL 6985264 | 0.58% |
JDE PEET'S BV SEDOL BMC4ZZ3 | 0.55% |
ALCON INC SEDOL BJT1GR5 | 0.39% |
LLOYDS BANKING GROUP PLC SEDOL 0870612 | 0.33% |
SIEMENS ENERGY AG SEDOL BMTVQK9 | 0.27% |
SKANDINAVISKA ENSKILDA BAN-A SEDOL 4813345 | 0.25% |
OVINTIV INC SEDOL BL3GRC2 | 0.20% |
CASH MGMT BILL 00.0000 12/08/2020 | 0.19% |
GBP/USD 12/16/2020 SSBT | 0.08% |
AUD/USD 10/21/2020 BANKAM | 0.04% |
AUD/USD 10/21/2020 HSBCB | 0.03% |
CAD/USD 10/21/2020 GSFX | 0.03% |
AUD/USD 10/21/2020 SSBT | 0.01% |
GBP/USD 12/16/2020 HSBCB | 0.01% |
GBP/USD 12/16/2020 WPAC | 0.01% |
CHF/USD 12/16/2020 JPMCB | 0.01% |
GBP/USD 12/16/2020 BCAP-FX | 0.01% |
AUD/USD 10/21/2020 BCAP-FX | 0.01% |
AUD/USD 10/21/2020 JPMCB | 0.00% |
EUR/USD 12/16/2020 BCAP-FX | 0.00% |
ILS/USD 10/21/2020 SSBT | 0.00% |
NOK/USD 12/16/2020 JPMCB | 0.00% |
NZD/USD 10/21/2020 JPMCB | 0.00% |
CAD/USD 10/21/2020 CITI | 0.00% |
EUR/USD 12/16/2020 BANKAM | 0.00% |
EUR/USD 12/16/2020 CITI | 0.00% |
EUR/USD 12/16/2020 SSBT | 0.00% |
GBP/USD 12/16/2020 JPMCB | 0.00% |
SGD/USD 11/18/2020 JPMCB | 0.00% |
JPY/USD 11/18/2020 CITI | 0.00% |
JPY/USD 11/18/2020 SSBT | 0.00% |
EUR/USD 12/16/2020 MSCIL | 0.00% |
HKD/USD 11/18/2020 BCAP-FX | 0.00% |
HKD/USD 11/18/2020 GSFX | 0.00% |
HKD/USD 11/18/2020 HSBCB | 0.00% |
HKD/USD 11/18/2020 SSBT | 0.00% |
JPY/USD 11/18/2020 GSFX | 0.00% |
JPY/USD 11/18/2020 HSBCB | 0.00% |
JPY/USD 11/18/2020 JPMCB | 0.00% |
CAD/USD 10/21/2020 HSBCB | -0.00% |
CHF/USD 12/16/2020 SSBT | -0.00% |
JPY/USD 11/18/2020 BANKAM | -0.00% |
JPY/USD 11/18/2020 UBS | -0.00% |
EUR/USD 12/16/2020 GSFX | -0.00% |
EUR/USD 12/16/2020 WPAC | -0.00% |
GBP/USD 12/16/2020 MSCIL | -0.00% |
CAD/USD 10/21/2020 SSBT | -0.00% |
CHF/USD 12/16/2020 CITI | -0.00% |
DKK/USD 12/16/2020 CITI | -0.01% |
EUR/USD 12/16/2020 UBS | -0.01% |
GBP/USD 12/16/2020 CITI | -0.01% |
CAD/USD 10/21/2020 UBS | -0.02% |
EUR/USD 12/16/2020 JPMCB | -0.02% |
AUD/USD 10/21/2020 WPAC | -0.02% |
CAD/USD 10/21/2020 JPMCB | -0.03% |
KRW/USD 11/18/2020 JPMCB | -0.03% |
EUR/USD 12/16/2020 HSBCB | -0.03% |
SEK/USD 12/16/2020 RBSF | -0.04% |
CAD/USD 10/21/2020 BANKAM | -0.04% |
Portfolio composition as of 12/31/20
Common stock | 96.95% |
---|---|
Cash and net other assets | 3.05% |
Equity statistics as of 12/31/20
Median market cap | $31.42B |
---|---|
Weighted average market cap | $67.54B |
Price to book | 1.32 |
Price to earnings | 13.62 |
Fund characteristics will vary over time.
Due to rounding, percentages may not equal 100%.
Consider these risks before investing: The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Bond investments are subject to interest-rate risk (the risk of bond prices falling if interest rates rise) and credit risk (the risk of an issuer defaulting on interest or principal payments). Interest-rate risk is greater for longer-term bonds, and credit risk is greater for below-investment-grade bonds. Interest the fund receives might be taxable. Unlike bonds, funds that invest in bonds have fees and expenses. Tax-exempt bonds may be issued under the Internal Revenue Code only by limited types of issuers for limited types of projects. As a result, the fund’s investments may be focused in certain market segments and be more vulnerable to fluctuations in the values of the securities it holds than a more broadly invested fund. Capital gains, if any, are taxed at the federal and, in most cases, state levels. For some investors, investment income may be subject to the federal alternative minimum tax. Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund's other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund.
Top industry sectors as of 12/31/20
Financials | 28.27% |
---|---|
Industrials | 19.41% |
Health care | 9.47% |
Consumer discretionary | 7.20% |
Consumer staples | 7.16% |
Materials | 6.72% |
Communication services | 6.12% |
Energy | 4.59% |
Utilities | 4.10% |
Other | 6.96% |
0
The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.
Sectors will vary over time.
Country allocation as of 12/31/20
United Kingdom | 21.86% |
---|---|
Japan | 21.84% |
France | 12.47% |
Switzerland | 7.35% |
Australia | 5.47% |
Germany | 5.38% |
Netherlands | 4.49% |
Canada | 3.32% |
Ireland | 3.21% |
Other | 14.61% |
0
Expenses
Expense ratio |
Class A | Class B | Class C | Class R | Class R6 | Class Y |
---|---|---|---|---|---|---|
Total expense ratio | 1.43% | 2.18% | 2.18% | 1.68% | 0.98% | 1.18% |
What you pay† | 1.40% | 2.15% | 2.15% | 1.65% | 0.95% | 1.15% |
† The fund's expense ratio is taken from the most recent prospectus and is subject to change. What you pay reflects Putnam Management's decision to contractually limit expenses through 10/31/21
Sales charge
Breakpoint | Class A | Class B | Class C | Class R | Class R6 | Class Y |
---|---|---|---|---|---|---|
$0-$49,999 | 5.75% / 5.00% | 0.00% / 4.00% | 0.00% / 1.00% | -- | -- | -- |
$50,000-$99,999 | 4.50% / 3.75% | 0.00% / 4.00% | 0.00% / 1.00% | -- | -- | -- |
$100,000-$249,999 | 3.50% / 2.75% | -- | 0.00% / 1.00% | -- | -- | -- |
$250,000-$499,999 | 2.50% / 2.00% | -- | 0.00% / 1.00% | -- | -- | -- |
$500,000-$999,999 | 2.00% / 1.75% | -- | 0.00% / 1.00% | -- | -- | -- |
$1M-$4M | 0.00% / 1.00% | -- | -- | -- | -- | -- |
$4M-$50M | 0.00% / 0.50% | -- | -- | -- | -- | -- |
$50M+ | 0.00% / 0.25% | -- | -- | -- | -- | -- |
CDSC
Class A (sales for $1,000,000+) | Class B | Class C | Class R | Class R6 | Class Y | |
---|---|---|---|---|---|---|
0 to 9 mts. | 1.00% | 5.00% | 1.00% | -- | -- | -- |
9 to 12 mts. | 1.00% | 5.00% | 1.00% | -- | -- | -- |
2 yrs. | 0.00% | 4.00% | 0.00% | -- | -- | -- |
3 yrs. | 0.00% | 3.00% | 0.00% | -- | -- | -- |
4 yrs. | 0.00% | 3.00% | 0.00% | -- | -- | -- |
5 yrs. | 0.00% | 2.00% | 0.00% | -- | -- | -- |
6 yrs. | 0.00% | 1.00% | 0.00% | -- | -- | -- |
7+ yrs. | 0.00% | 0.00% | 0.00% | -- | -- | -- |
Trail commissions
Class A | Class B | Class C | Class R | Class R6 | Class Y | |
---|---|---|---|---|---|---|
0.25% | 0.25% | 1.00% | 0.50% | 0.00% | 0.00% | |
NA | NA | NA | NA | NA | NA | |
NA | NA | NA | NA | NA | NA |
For sales and trail commission information on purchases over $1 million and participant-directed qualified retirement plans, see a Putnam fund prospectus and the statement of additional information.
The MSCI EAFE Value Index is an unmanaged index that measures the performance of equity securities in 20 countries within Europe, Australasia and the Far East, chosen for their value orientation. You cannot invest directly in an index.
Consider these risks before investing: The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political or financial market conditions, investor sentiment and market perceptions, government actions, geopolitical events or changes, and factors related to a specific issuer, geography, industry or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Bond investments are subject to interest-rate risk (the risk of bond prices falling if interest rates rise) and credit risk (the risk of an issuer defaulting on interest or principal payments). Interest-rate risk is greater for longer-term bonds, and credit risk is greater for below-investment-grade bonds. Interest the fund receives might be taxable. Unlike bonds, funds that invest in bonds have fees and expenses. Tax-exempt bonds may be issued under the Internal Revenue Code only by limited types of issuers for limited types of projects. As a result, the fund’s investments may be focused in certain market segments and be more vulnerable to fluctuations in the values of the securities it holds than a more broadly invested fund. Capital gains, if any, are taxed at the federal and, in most cases, state levels. For some investors, investment income may be subject to the federal alternative minimum tax. Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund's other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund.