C000002290 Fees and Costs — Putnam International Value Fund, CL Y
Data updated: 2026-09-10
The net expense ratio is 0.77%: a 0.67% management fee plus 0.26% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $689K in broker commissions, 0.0660% of average net assets, and portfolio turnover was 26%.
C000002290 Fees and Expenses
Annual operating expenses and sales charges of C000002290. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.93% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.77% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000002290 Costs Over Time
On $10,000 invested in C000002290, assuming 5% a year before costs, total costs come to $525 over 5 years, cutting the return by 0.88% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.77%) | $81 | $253 | $439 |
| Trading costs (broker commissions) | $7 | $22 | $38 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $288 | $525 |
| Value after costs | $10,412 | $11,288 | $12,238 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
C000002290 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0660%
- Total broker commissions: $689K
- Bought from dealers (principal trades, not a cost): $11.6M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
C000002290 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $158K | 23.70% |
| J.P. Morgan Securities LLC | $123K | 18.41% |
| Barclays Capital, Inc. | $100K | 15.06% |
| UBS Securities LLC | $71K | 10.66% |
| Citigroup Global Markets Inc. | $65K | 9.76% |
| Jefferies LLC | $50K | 7.54% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $45K | 6.79% |
| Morgan Stanley & Co. LLC | $20K | 3.05% |
| BNP Paribas Securities Corp. | $17K | 2.59% |
| Daiwa Capital Markets America Inc. | $16K | 2.45% |
C000002290 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $2.7M | 24.16% |
| BNP Paribas Securities Corp. | $2.4M | 21.34% |
| Deutsche Bank Securities Inc. | $1.1M | 9.78% |
| Bank of Montreal | $991K | 8.96% |
| BofA Securities, Inc. | $893K | 8.07% |
| J.P. Morgan Securities LLC | $791K | 7.14% |
| Barclays Capital, Inc. | $693K | 6.27% |
| Mizuho Securities USA LLC | $595K | 5.38% |
| Wells Fargo Securities, LLC | $590K | 5.33% |
| BMO Capital Markets Corp. | $396K | 3.58% |
Putnam International Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000136806 | CL R6 | 0.64% | none |
| C000002290 | CL Y | 0.77% | none |
| PNGAX | CL A | 1.02% | 5.75% |
| PIIRX | CL R | 1.27% | none |
| PIGRX | CL C | 1.76% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.