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PUTNAM FOCUSED INTERNATIONAL EQUITY FUND
mutual fund
PGLEX
Payout Change
Pending
Price as of:
$15.58
+0.01
+0.06%
primary theme
International Large-Cap Blend Equity
share class
PGLEX (Mutual Fund)
PUTNAM FOCUSED INTERNATIONAL EQUITY FUND
Payout Change
Pending
Price as of:
$15.58
+0.01
+0.06%
primary theme
International Large-Cap Blend Equity
share class
PGLEX (Mutual Fund)
PUTNAM FOCUSED INTERNATIONAL EQUITY FUND
Payout Change
Pending
Price as of:
$15.58
+0.01
+0.06%
primary theme
International Large-Cap Blend Equity
share class
Name
As of 12/24/2024Price
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
Vitals
YTD Return
4.8%
1 yr return
5.6%
3 Yr Avg Return
1.1%
5 Yr Avg Return
4.6%
Net Assets
$787 M
Holdings in Top 10
47.9%
52 WEEK LOW AND HIGH
$15.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.78%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 125.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
PGLEX - Profile
Distributions
- YTD Total Return 4.8%
- 3 Yr Annualized Total Return 1.1%
- 5 Yr Annualized Total Return 4.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.65%
- Dividend Yield 1.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NamePUTNAM FOCUSED INTERNATIONAL EQUITY FUND
-
Fund Family NamePutnam Family of Funds
-
Inception DateJul 02, 2012
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKaran Sodhi
Fund Description
Investments
We invest mainly in common stocks (growth or value stocks or both) of companies of any size outside the United States that we believe have favorable investment potential. We consider a company to be located outside the United States if the company’s securities trade outside the United States, the company is headquartered or organized outside the United States or the company derives a majority of its revenues or profits outside the United States. Under normal circumstances, we invest at least 80% of the fund’s net assets in equity investments. This policy may be changed only after 60 days’ notice to shareholders. The fund’s equity investments may include common stocks, preferred stocks, convertible securities, warrants, American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). We invest in both developed countries and in emerging markets.
We 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. We may also consider other factors that we believe will cause the stock price to rise. We may also use derivatives, such as futures, options, warrants and swap contracts, for both hedging and non-hedging purposes.
The fund is “non-diversified,” which means it may invest a greater percentage of its assets in fewer issuers than a “diversified” fund. The fund expects to invest in a limited number of issuers.
PGLEX - Performance
Return Ranking - Trailing
| Period | PGLEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -12.5% | 24.0% | 87.18% |
| 1 Yr | 5.6% | -11.8% | 28.6% | 84.02% |
| 3 Yr | 1.1%* | -15.0% | 44.7% | 72.85% |
| 5 Yr | 4.6%* | -34.2% | 73.2% | 66.72% |
| 10 Yr | 6.0%* | 0.9% | 31.8% | 16.27% |
* Annualized
Return Ranking - Calendar
| Period | PGLEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.0% | -1.4% | 22.0% | 5.03% |
| 2022 | -20.3% | -43.6% | 71.3% | 78.37% |
| 2021 | -17.2% | -28.5% | 18.9% | 98.05% |
| 2020 | 9.5% | -90.1% | 992.1% | 38.53% |
| 2019 | 26.7% | -1.9% | 38.8% | 3.02% |
Total Return Ranking - Trailing
| Period | PGLEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -12.5% | 24.0% | 87.18% |
| 1 Yr | 5.6% | -11.8% | 28.6% | 84.02% |
| 3 Yr | 1.1%* | -15.0% | 44.7% | 72.85% |
| 5 Yr | 4.6%* | -34.2% | 73.2% | 66.72% |
| 10 Yr | 6.0%* | 0.9% | 31.8% | 16.27% |
* Annualized
Total Return Ranking - Calendar
| Period | PGLEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.6% | 3.2% | 23.8% | 10.53% |
| 2022 | -17.9% | -43.6% | 144.8% | 75.48% |
| 2021 | 10.4% | -22.6% | 56.0% | 50.00% |
| 2020 | 10.5% | -89.7% | 1010.8% | 45.73% |
| 2019 | 27.2% | 4.3% | 38.8% | 11.90% |
NAV & Total Return History
PGLEX - Holdings
Concentration Analysis
| PGLEX | Category Low | Category High | PGLEX % Rank | |
|---|---|---|---|---|
| Net Assets | 787 M | 3.3 M | 443 B | 52.50% |
| Number of Holdings | 35 | 1 | 10898 | 92.97% |
| Net Assets in Top 10 | 365 M | 1.01 M | 47.5 B | 37.50% |
| Weighting of Top 10 | 47.88% | 4.6% | 147.7% | 8.65% |
Top 10 Holdings
- SHORT TERM INV FUND 10.20%
- Total Return Swap 5.28%
- ORDINARY SHARES 4.71%
- ORDINARY SHARES 4.69%
- ORDINARY SHARES 4.34%
- COMMON STOCK 4.27%
- ORDINARY SHARES 3.84%
- ORDINARY SHARES 3.72%
- ORDINARY SHARES 3.63%
- ORDINARY SHARES 3.21%
Asset Allocation
| Weighting | Return Low | Return High | PGLEX % Rank | |
|---|---|---|---|---|
| Stocks | 87.43% | 0.00% | 102.32% | 94.53% |
| Cash | 10.20% | 0.00% | 44.84% | 4.69% |
| Other | 5.28% | -2.12% | 47.54% | 4.06% |
| Preferred Stocks | 1.95% | -0.16% | 6.89% | 6.88% |
| Convertible Bonds | 0.00% | 0.00% | 4.18% | 34.01% |
| Bonds | 0.00% | 0.00% | 95.29% | 38.91% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PGLEX % Rank | |
|---|---|---|---|---|
| Technology | 22.20% | 0.00% | 36.32% | 1.12% |
| Communication Services | 18.94% | 0.00% | 21.69% | 0.80% |
| Financial Services | 14.21% | 0.00% | 47.75% | 89.10% |
| Healthcare | 13.12% | 0.00% | 20.35% | 34.94% |
| Industrials | 11.75% | 5.17% | 99.49% | 77.88% |
| Consumer Cyclical | 10.62% | 0.00% | 36.36% | 40.22% |
| Consumer Defense | 4.69% | 0.00% | 32.29% | 92.31% |
| Energy | 4.47% | 0.00% | 16.89% | 57.85% |
| Utilities | 0.00% | 0.00% | 13.68% | 89.42% |
| Real Estate | 0.00% | 0.00% | 14.59% | 82.85% |
| Basic Materials | 0.00% | 0.00% | 23.86% | 99.36% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PGLEX % Rank | |
|---|---|---|---|---|
| Non US | 80.21% | 0.00% | 99.42% | 81.88% |
| US | 7.21% | 0.00% | 102.01% | 45.00% |
PGLEX - Expenses
Operational Fees
| PGLEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.78% | 0.01% | 19.62% | 69.48% |
| Management Fee | 0.65% | 0.00% | 1.65% | 48.58% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
| PGLEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| PGLEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
| PGLEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 125.00% | 2.00% | 247.00% | 94.01% |
PGLEX - Distributions
Dividend Yield Analysis
| PGLEX | Category Low | Category High | PGLEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.25% | 0.00% | 17.49% | 81.56% |
Dividend Distribution Analysis
| PGLEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | SemiAnnual |
Net Income Ratio Analysis
| PGLEX | Category Low | Category High | PGLEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.65% | -0.93% | 6.38% | 85.26% |
Capital Gain Distribution Analysis
| PGLEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 21, 2023 | $0.201 | OrdinaryDividend |
| Dec 22, 2022 | $0.401 | OrdinaryDividend |
| Dec 22, 2021 | $5.334 | OrdinaryDividend |
| Oct 13, 2021 | $0.090 | OrdinaryDividend |
| Dec 23, 2020 | $0.168 | OrdinaryDividend |
| Dec 23, 2019 | $0.064 | OrdinaryDividend |
| Dec 21, 2017 | $0.114 | OrdinaryDividend |
| Dec 22, 2016 | $0.249 | OrdinaryDividend |
| Dec 23, 2015 | $0.122 | OrdinaryDividend |
| Dec 26, 2014 | $0.129 | OrdinaryDividend |
| Dec 26, 2013 | $0.108 | OrdinaryDividend |
| Dec 26, 2012 | $0.090 | OrdinaryDividend |
PGLEX - Fund Manager Analysis
Managers
Karan Sodhi
Start Date
Tenure
Tenure Rank
Apr 01, 2021
1.16
1.2%
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.
Spencer Morgan
Start Date
Tenure
Tenure Rank
Apr 01, 2021
1.16
1.2%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.35 | 6.32 | 3.25 |
