Capital Opportunities Fund (PCOAX)

Seeking opportunities in small and midsize companies

  • Highlights
  • Performance
  • Holdings
  • Expenses

Consistency of positive performance over five years

Performance represents 5-year returns in rolling quarter-end periods since inception.


Best 5-year annualized return

(for period ending 03/31/14)


Worst 5-year annualized return

(for period ending 03/31/09)


Average 5-year annualized return


Performance shown does not reflect the effects of any sales charges. Note that returns of 0.00% are counted as positive periods. For complete fund performance, please click on the performance tab.

Fund price

Yesterday's close 52-week high 52-week low
Net asset value $15.64
-0.64% ( $-0.10 )

Management team

Kathryn B. LakinSamuel  CoxJoshua H.  FillmanElizabeth Hansen McGuireWilliam C. Rives

(pictured left to right)
Kathryn B. Lakin (industry since 2008)
Samuel Cox (industry since 2002)
Joshua H. Fillman (industry since 2007)
Elizabeth Hansen McGuire (industry since 2014)
William C. Rives (industry since 2012)

Strategy and process

  • Smaller companies: Often overlooked by Wall Street analysts, the stocks of smaller companies can represent attractive opportunities.
  • A flexible strategy: A core investment approach enables the fund to invest in both growth and value stocks.
  • A rigorous process: The fund's process combines a quantitative approach with fundamental research.

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. To obtain the most recent month-end performance, visit

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 Putnam Absolute Return 500 Fund and 700 Fund, and 4.00% and 3.25% for income funds (1.00% and 0.75% for Putnam Floating Rate Income Fund, Putnam Absolute Return 100 Fund and 300 Fund, and Putnam Short-Term Municipal Income 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 Absolute Return 100 Fund and 300 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, R, T1, 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 AMT-Free Municipal Fund, which are based on the historical performance of class B shares). 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, M, and T1 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.

** FundVisualizer comparison based on Putnam fund versus the largest fund in its Morningstar category.

The Russell 2000 Index is an unmanaged list of common stocks that is frequently used as a general performance measure of U.S. stocks of small and/or midsize companies. You cannot invest directly in an index.

Consider these risks before investing: Investments in small and/or midsize companies increase the risk of greater price fluctuations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Stock prices may fall or fail to rise over time for several reasons, including general financial market conditions and factors related to a specific issuer or industry. You can lose money by investing in the fund.