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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Putnam International Small Cap Fund

PNVAX | Fund

$45.99

$336 M

6.07%

$2.79

1.53%

Vitals

YTD Return

3.0%

1 yr return

11.0%

3 Yr Avg Return

14.2%

5 Yr Avg Return

5.6%

Net Assets

$336 M

Holdings in Top 10

26.1%

52 WEEK LOW AND HIGH

$46.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.53%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 36.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Putnam International Small Cap Fund

PNVAX | Fund

$45.99

$336 M

6.07%

$2.79

1.53%

PNVAX - Profile

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return 14.2%
  • 5 Yr Annualized Total Return 5.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.86%
DIVIDENDS
  • Dividend Yield 6.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Putnam International Small Cap Fund
  • Fund Family Name
    Putnam Family of Funds
  • Inception Date
    Jan 10, 1997
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Spencer Morgan

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes, if any) in companies of a size similar to those in the S&P Developed Ex-U.S. SmallCap Index. This policy may be changed only after 60 days’ notice to shareholders. As of
October 31, 2025, the capitalization range for companies in the S&P Developed Ex-U.S. SmallCap Index was $63.4 million and $39.4 billion. The fund invests mainly in common stocks (growth or value, or both) of companies outside of the United States that the Investment Manager believes have favorable investment potential. For example, the fund may purchase stocks of companies with stock prices that reflect a value lower than that which the Investment Manager places on the company.
The Investment Manager 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. The Investment Manager may also consider other factors that it believes will cause the stock price to rise. The fund invests mainly in developed countries, but may invest in emerging markets.
The fund may also use derivatives such as certain foreign currency transactions, futures, options, warrants and swap contracts, for both hedging and non-hedging purposes. For example, the fund typically uses foreign currency forward contracts in connection with its investments in foreign securities in order to hedge the fund’s currency exposure relative to the fund’s benchmark index.
Read More

PNVAX - Performance

Return Ranking - Trailing

Period PNVAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% 2.7% 22.7% 97.30%
1 Yr 11.0% 8.6% 40.7% 94.59%
3 Yr 14.2%* 8.4% 24.1% 79.73%
5 Yr 5.6%* 0.6% 11.0% 78.87%
10 Yr 7.3%* 5.2% 11.6% 90.57%

* Annualized

Return Ranking - Calendar

Period PNVAX Return Category Return Low Category Return High Rank in Category (%)
2025 15.1% -36.1% 48.6% 83.78%
2024 -0.8% -14.6% 9.2% 45.95%
2023 13.8% 1.1% 25.3% 20.27%
2022 -18.4% -35.4% -13.9% 19.44%
2021 -0.3% -5.3% 14.4% 88.41%

Total Return Ranking - Trailing

Period PNVAX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.0% 2.7% 22.7% 97.30%
1 Yr 11.0% 8.6% 40.7% 94.59%
3 Yr 14.2%* 8.4% 24.1% 79.73%
5 Yr 5.6%* 0.6% 11.0% 78.87%
10 Yr 7.3%* 5.2% 11.6% 90.57%

* Annualized

Total Return Ranking - Calendar

Period PNVAX Return Category Return Low Category Return High Rank in Category (%)
2025 30.1% 10.0% 49.9% 51.35%
2024 3.0% -5.6% 12.9% 41.89%
2023 15.2% 2.5% 25.8% 27.03%
2022 -18.0% -35.4% -10.9% 26.39%
2021 13.4% 7.7% 18.9% 28.99%

NAV & Total Return History

PNVAX - Holdings

Concentration Analysis

PNVAX Category Low Category High PNVAX % Rank
Net Assets 336 M 7.56 M 15.8 B 75.68%
Number of Holdings 276 2 4891 35.14%
Net Assets in Top 10 95.3 M 2 M 14 B 52.70%
Weighting of Top 10 26.09% 6.7% 101.8% 21.62%

Top 10 Holdings

  1. Putnam Cash Collateral Pool LLC 3.94%
  2. International Petroleum Corp. 2.68%
  3. Berkeley Group Holdings plc 2.62%
  4. Jenoptik AG 2.56%
  5. Japan Material Co. Ltd. 2.55%
  6. Cogeco Communications, Inc. 2.45%
  7. SPIE SA 2.36%
  8. Aalberts NV 2.31%
  9. NOF Corp. 2.31%
  10. Bellway plc 2.29%

Asset Allocation

Weighting Return Low Return High PNVAX % Rank
Stocks 		92.73% 0.00% 99.44% 90.54%
Cash 		4.05% 0.04% 9.62% 27.03%
Preferred Stocks 		2.13% 0.00% 2.13% 5.41%
Other 		0.64% -1.78% 6.39% 31.08%
Bonds 		0.31% 0.00% 0.31% 5.41%
Convertible Bonds 		0.00% 0.00% 0.00% 58.90%

Stock Sector Breakdown

Weighting Return Low Return High PNVAX % Rank
Industrials 		17.68% 12.46% 32.63% 91.78%
Consumer Cyclical 		17.04% 9.23% 27.42% 21.92%
Technology 		14.36% 9.14% 22.43% 24.66%
Financial Services 		13.88% 2.16% 21.69% 26.03%
Consumer Defense 		9.66% 2.29% 12.17% 17.81%
Communication Services 		8.56% 1.69% 8.56% 5.48%
Healthcare 		7.65% 0.00% 18.67% 28.77%
Basic Materials 		5.40% 0.02% 13.14% 72.60%
Energy 		2.16% 0.00% 12.34% 60.27%
Utilities 		2.09% 0.00% 4.57% 45.21%
Real Estate 		1.52% 0.00% 12.22% 94.52%

Stock Geographic Breakdown

Weighting Return Low Return High PNVAX % Rank
Non US 		89.79% 0.00% 99.38% 89.19%
US 		2.93% 0.00% 99.00% 64.86%

Bond Sector Breakdown

Weighting Return Low Return High PNVAX % Rank
Cash & Equivalents 		4.05% 0.04% 98.43% 28.38%
Derivative 		0.64% -1.78% 6.39% 8.11%
Securitized 		0.00% 0.00% 0.00% 58.90%
Corporate 		0.00% 0.00% 4.10% 69.86%
Municipal 		0.00% 0.00% 0.00% 58.90%
Government 		0.00% 0.00% 13.01% 64.38%

Bond Geographic Breakdown

Weighting Return Low Return High PNVAX % Rank
US 		0.31% 0.00% 0.31% 5.41%
Non US 		0.00% 0.00% 0.00% 59.46%

PNVAX - Expenses

Operational Fees

PNVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.53% 0.06% 4.56% 25.68%
Management Fee 0.99% 0.02% 1.00% 83.78%
12b-1 Fee 0.25% 0.00% 1.00% 41.94%
Administrative Fee N/A 0.03% 0.25% N/A

Sales Fees

PNVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.00% 5.75% 20.00%
Deferred Load N/A 0.00% 1.00% 75.00%

Trading Fees

PNVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 90.48%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PNVAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 1.00% 185.00% 42.65%

PNVAX - Distributions

Dividend Yield Analysis

PNVAX Category Low Category High PNVAX % Rank
Dividend Yield 6.07% 0.00% 3.84% 82.43%

Dividend Distribution Analysis

PNVAX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

PNVAX Category Low Category High PNVAX % Rank
Net Income Ratio 0.86% 0.03% 2.41% 75.34%

Capital Gain Distribution Analysis

PNVAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PNVAX - Fund Manager Analysis

Managers

Spencer Morgan

Start Date

Tenure

Tenure Rank

Mar 31, 2017

5.17

5.2%

Spencer Morgan holds a Bachelor of Business Administration (BBA) degree in Finance from Gonzaga University along with a Master of Business Administration (MBA), from the University of San Diego. Spencer is a member of the Efficient Market Advisors (EMA) Investment Policy Committee. His role includes research, portfolio construction, and performance reporting.

Karan Sodhi

Start Date

Tenure

Tenure Rank

Mar 31, 2017

5.17

5.2%

Mr. Sodhi is a Portfolio Manager, specializing in Putnam's international small-cap core equity strategy. In addition, he is an analyst in the Equity Research group, focusing on the international financials sector. Mr. Sodhi is responsible for conducting fundamental analysis and valuation of companies in the international real estate industry and banking industries in India and Japan, and for making buy/sell recommendations. Previously at Putnam, Mr. Sodhi served as a Portfolio Manager and Analyst from 2000 to 2007. He rejoined the firm in 2010 and has been in the investment industry since 1998. Prior to rejoining Putnam, Mr. Sodhi was an Equity Analyst at Stark Investments from 2007 to 2009, and served as an Analyst/Research Associate at Stephens, Inc. from 1998 to 2000. Mr. Sodhi earned an M.B.A. in Finance from Indiana University and a B.A. in Accounting from Hendrix College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 21.76 7.91 18.43

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