PEQUX Fees and Costs — Putnam Focused International Equity Fund, CL A
Data updated: 2026-09-25
The net expense ratio is 1.14%: a 0.68% management fee, a 0.25% 12b-1 fee plus 0.21% other expenses. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $1.1M in broker commissions, 0.1342% of average net assets, and portfolio turnover was 29%.
PEQUX Fees and Expenses
Annual operating expenses and sales charges of PEQUX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.14% |
| Fee waiver | — |
| Net expense ratio | 1.14% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PEQUX Costs Over Time
On $10,000 invested in PEQUX, assuming 5% a year before costs, total costs come to $1,481 over 5 years, cutting the return by 2.56% 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 |
| Sales charges | $673 | $575 | $575 |
| Fund expenses (net expense ratio 1.14%) | $113 | $351 | $607 |
| Trading costs (broker commissions) | $13 | $41 | $71 |
| Lost growth on money paid in costs | $29 | $110 | $228 |
| Total costs | $828 | $1,077 | $1,481 |
| Value after costs | $9,672 | $10,499 | $11,282 |
| Impact on return, per year | 8.28% | 3.36% | 2.56% |
PEQUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1342%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $92.5M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $695K
- Net income from securities lending: $8K (0.001% of average net assets)
PEQUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $178K | 19.31% |
| Goldman Sachs & Co. LLC | $176K | 19.10% |
| Citigroup Global Markets Inc. | $154K | 16.72% |
| UBS Securities LLC | $144K | 15.62% |
| BofA Securities, Inc. | $129K | 13.99% |
| CLSA Americas, LLC | $35K | 3.81% |
| Stifel, Nicolaus & Company, Incorporated | $32K | 3.48% |
| Macquarie Group Limited | $30K | 3.22% |
| Morgan Stanley & Co. LLC | $26K | 2.84% |
| Macquarie Capital (USA) Inc. | $17K | 1.89% |
PEQUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $81.9M | 88.47% |
| BMO Capital Markets Corp. | $3.7M | 4.00% |
| J.P. Morgan Securities LLC | $3.2M | 3.42% |
| Barclays Capital, Inc. | $2.8M | 2.99% |
| UBS Securities LLC | $642K | 0.69% |
| Morgan Stanley & Co. LLC | $395K | 0.43% |
| RBC Capital Markets, LLC | $15 | 0.00% |
Putnam Focused International Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000117974 | Class R6 | 0.78% | none |
| PEQYX | CL Y | 0.89% | none |
| PEQUX | CL A | 1.14% | 5.75% |
| PGLRX | Class R | 1.39% | none |
| PUGCX | CL C | 1.90% | none |
| PEQBX | CL B | 1.91% | 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.