PNGYX – Putnam International Value Y Investment Strategy | Morningstar

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Strategy

The investment seeks capital growth; current income is a secondary objective. The fund invests mainly in common stocks of large and midsize companies outside the United States, with a focus on value stocks. Value stocks are those that the adviser believes are currently undervalued by the market. It 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PNGYX	Putnam International Value Fund Class Y	Institutional	Open			Oct 2, 2000	$529.21M	0.770%	Average	$0	−$53.82M
PNGAX	Putnam International Value Fund Class A	Front Load	Open			Aug 1, 1996	$184.47M	1.020%	Below Average	$0	−$9.98M
PIGRX	Putnam International Value Fund Class C	Level Load	Open			Feb 1, 1999	$4.66M	1.760%	Below Average	$0	$310,600.48
PIGWX	Putnam International Value Fund Class R6	Retirement, Large	Open			Dec 2, 2013	$474.78M	0.640%	Below Average	$0	$177.17M
PIIRX	Putnam International Value Fund Class R	Retirement, Medium	Open			Dec 1, 2003	$8.91M	1.270%	Average	$0	−$2.15M

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