C000002302 Fees and Costs — Putnam Small Cap Growth Fund, Putnam Small Cap Growth CL Y
Data updated: 2026-09-10
The net expense ratio is 0.92%: a 0.67% management fee plus 0.25% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2.4M in broker commissions, 0.0787% of average net assets, and portfolio turnover was 51%.
C000002302 Fees and Expenses
Annual operating expenses and sales charges of C000002302. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.92% |
| Fee waiver | — |
| Net expense ratio | 0.92% |
| 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 | No |
| Waived fees subject to recoupment | No |
C000002302 Costs Over Time
On $10,000 invested in C000002302, assuming 5% a year before costs, total costs come to $625 over 5 years, cutting the return by 1.05% 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 0.92%) | $97 | $301 | $523 |
| Trading costs (broker commissions) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $343 | $625 |
| Value after costs | $10,395 | $11,233 | $12,138 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
C000002302 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): 0.0787%
- Total broker commissions: $2.4M
- Bought from dealers (principal trades, not a cost): $60.6M
- Portfolio turnover (prospectus): 51%
- Securities on loan, average value: $229.7M
- Net income from securities lending: $1.0M (0.034% of average net assets)
C000002302 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $505K | 25.81% |
| Jefferies LLC | $362K | 18.51% |
| Raymond James & Associates, Inc. | $276K | 14.09% |
| Barclays Capital, Inc. | $176K | 8.98% |
| RBC Capital Markets, LLC | $139K | 7.09% |
| William Blair & Company, L.L.C. | $128K | 6.55% |
| Citigroup Global Markets Inc. | $101K | 5.16% |
| Piper Sandler & Co. | $101K | 5.15% |
| Stifel, Nicolaus & Company, Incorporated | $90K | 4.60% |
| Stephens Inc. | $79K | 4.06% |
C000002302 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $21.3M | 35.07% |
| Citigroup Global Markets Inc. | $10.0M | 16.43% |
| Stifel, Nicolaus & Company, Incorporated | $9.3M | 15.27% |
| Goldman Sachs & Co. LLC | $7.9M | 13.11% |
| J.P. Morgan Securities LLC | $6.7M | 11.11% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $3.3M | 5.42% |
| Stephens Inc. | $1.3M | 2.22% |
| ROBERT W. BAIRD & CO. INCORPORATED | $497K | 0.82% |
| Morgan Stanley & Co. LLC | $332K | 0.55% |
Putnam Small Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000158897 | Class R6 | 0.76% | none |
| C000002302 | Putnam Small Cap Growth CL Y | 0.92% | none |
| PNSAX | Putnam Small Cap Growth CL A | 1.17% | 5.75% |
| PSGRX | Class R | 1.42% | none |
| C000002301 | Putnam Small Cap Growth CL C | 1.93% | 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.