PGNBX Performance — Putnam International Value Fund, CL B
Data updated: 2026-09-10
PGNBX returned +25.08% over one year to Sep 2024. Annualised returns are +7.29% over 3 years and +8.80% over 5 years. The fund beat its International Mid-Cap Value category average: $100 invested three years ago grew to $123, against $108 for the category, and to $125 over one year, against $114. Volatility over the past three years was 17.70% a year. In the 12 months to Jun 2026 the fund took in a net $297.2M, and assets reached $1.21B.
PGNBX Growth of $100
What $100 invested in Putnam International Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Mid-Cap Value category average over the same months.
| Period | PGNBX | Category average |
|---|---|---|
| 1 year (Sep 2023 – Sep 2024) | $125 | $114 |
| 3 years (Sep 2021 – Sep 2024) | $123 | $108 |
| 5 years (Sep 2019 – Sep 2024) | $152 | $145 |
| Since data start (Jul 2019 – Sep 2024) | $155 | $141 |
PGNBX Trailing Returns
Total returns to Sep 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +25.08% |
| 3 years (annualised) | +7.29% |
| 5 years (annualised) | +8.80% |
PGNBX Annual Returns
Calendar-year total returns of Putnam International Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Sep) | +12.53% |
| 2023 | +17.54% |
| 2022 | −7.56% |
| 2021 | +13.36% |
| 2020 | +3.32% |
| 2019 (Jul–Dec) | +7.99% |
PGNBX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +4.8% | +0.9% | −1.1% | −3.8% | +5.6% | −1.6% | — | +2.1% | +5.4% | — | — | — |
| 2023 | +0.2% | −1.3% | +8.4% | +5.5% | −4.1% | +3.0% | −2.0% | −3.4% | +3.7% | +4.1% | +8.1% | −4.7% |
| 2022 | −0.8% | −3.1% | +0.8% | −10.2% | +4.2% | −6.1% | −8.7% | −4.2% | +2.5% | +0.2% | +13.6% | +6.6% |
| 2021 | +3.7% | +5.5% | −1.1% | −4.0% | +4.6% | +3.0% | −1.5% | +1.9% | −0.1% | +5.3% | −5.7% | +1.8% |
| 2020 | −16.5% | −8.0% | −3.4% | +3.3% | +4.9% | +5.1% | −4.4% | +4.9% | +1.2% | +5.3% | +19.5% | −4.3% |
| 2019 | — | — | — | — | — | — | +4.0% | −2.5% | −2.1% | +3.4% | +1.2% | +3.9% |
PGNBX Risk
Risk measures from monthly returns over Sep 2021 – Sep 2024.
- 3-year volatility (annualised): 17.70%
- 3-year Sharpe ratio: 0.16 (vs 4.5% risk-free rate)
- Best month: +13.59% (Nov 2022)
- Worst month: −10.20% (Apr 2022)
PGNBX Fund Flows
Monthly money in and out of Putnam International Value Fund, from SEC Form N-PORT.
- 12-month net flow: $297.2M
- 12-month gross sales (incl. reinvestments): $611.1M
- Sales ÷ redemptions: 1.95×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $49.8M | $43.3M | $6.5M |
| May 2026 | $31.5M | $27.6M | $3.9M |
| Apr 2026 | $57.8M | $31.1M | $26.7M |
| Mar 2026 | $31.4M | $42.8M | −$11.4M |
| Feb 2026 | $41.4M | $31.5M | $9.9M |
| Jan 2026 | $40.1M | $34.9M | $5.2M |
| Dec 2025 | $68.4M | $18.1M | $50.3M |
| Nov 2025 | $42.6M | $25.7M | $16.9M |
| Oct 2025 | $79.2M | $18.4M | $60.8M |
| Sep 2025 | $27.0M | $10.3M | $16.7M |
| Aug 2025 | $80.1M | $15.2M | $64.9M |
| Jul 2025 | $61.7M | $14.9M | $46.8M |
PGNBX Assets Under Management
Net assets of Putnam International Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.21B |
| 2026-03-31 | $1.11B |
| 2025-12-31 | $1.07B |
| 2025-09-30 | $941.07M |
| 2025-06-30 | $757.47M |
| 2025-03-31 | $594.47M |
| 2024-12-31 | $461.58M |
| 2024-09-30 | $490.07M |
| 2024-06-30 | $441.33M |
| 2024-03-31 | $440.85M |
| 2023-12-31 | $399.68M |
| 2023-09-30 | $359.25M |
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.