PIERX Performance — Putnam International Equity Fund, Class R
Data updated: 2026-09-10
PIERX returned +11.51% year to date and +23.22% over one year to Jun 2026. Annualised returns are +18.53% over 3 years and +9.64% over 5 years. The fund beat its International Mid-Cap Blend category average: $100 invested three years ago grew to $167, against $156 for the category, and to $123 over one year, against $118. Volatility over the past three years was 13.26% a year. In the 12 months to Jun 2026 the fund took in a net $133.8M, and assets reached $1.04B.
PIERX Growth of $100
What $100 invested in Putnam International Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Mid-Cap Blend category average over the same months.
| Period | PIERX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $123 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $167 | $156 |
| 5 years (Jul 2021 – Jun 2026) | $158 | $143 |
| Since data start (Jul 2019 – Jun 2026) | $206 | $188 |
PIERX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.51% |
| 1 year | +23.22% |
| 3 years (annualised) | +18.53% |
| 5 years (annualised) | +9.64% |
PIERX Annual Returns
Calendar-year total returns of Putnam International Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +11.51% |
| 2025 | +36.86% |
| 2024 | +3.23% |
| 2023 | +18.31% |
| 2022 | −15.05% |
| 2021 | +8.46% |
| 2020 | +11.45% |
| 2019 (Jul–Dec) | +7.62% |
PIERX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +6.9% | +4.4% | −9.4% | +6.9% | +3.6% | −0.4% | — | — | — | — | — | — |
| 2025 | +5.4% | +2.9% | +0.5% | +3.9% | +5.1% | +4.1% | −2.0% | +4.9% | +3.9% | +1.0% | +1.1% | +1.4% |
| 2024 | +2.5% | +2.2% | −0.4% | −1.8% | +5.4% | −2.8% | −0.8% | +3.2% | +3.1% | −3.4% | +0.6% | −4.1% |
| 2023 | +3.5% | −2.2% | +7.9% | +5.1% | −4.4% | +2.0% | −2.2% | −4.1% | +2.9% | +5.2% | +7.9% | −3.6% |
| 2022 | +0.8% | −4.9% | −4.2% | −8.3% | +1.4% | −7.5% | −7.7% | −4.9% | +4.7% | −1.7% | +14.0% | +4.6% |
| 2021 | +2.4% | +2.5% | −1.9% | −1.8% | +3.3% | +3.7% | −3.3% | +2.7% | +0.6% | +4.9% | −5.6% | +1.1% |
| 2020 | −12.7% | −7.8% | −1.5% | +3.7% | +4.0% | +6.1% | −1.7% | +3.9% | +4.8% | +6.2% | +13.3% | −4.6% |
| 2019 | — | — | — | — | — | — | +1.9% | −1.6% | −1.7% | +4.2% | +0.9% | +3.9% |
PIERX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.26%
- 3-year Sharpe ratio: 1.06 (vs 4.5% risk-free rate)
- Best month: +7.93% (Nov 2023)
- Worst month: −9.42% (Mar 2026)
PIERX Fund Flows
Monthly money in and out of Putnam International Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $133.8M
- 12-month gross sales (incl. reinvestments): $284.6M
- Sales ÷ redemptions: 1.89×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $13.4M | $14.0M | −$612K |
| May 2026 | $9.8M | $15.9M | −$6.1M |
| Apr 2026 | $15.3M | $16.8M | −$1.5M |
| Mar 2026 | $25.5M | $13.6M | $12.0M |
| Feb 2026 | $29.0M | $11.2M | $17.7M |
| Jan 2026 | $21.3M | $11.3M | $9.9M |
| Dec 2025 | $105.1M | $16.2M | $88.9M |
| Nov 2025 | $14.8M | $10.7M | $4.0M |
| Oct 2025 | $21.7M | $11.3M | $10.3M |
| Sep 2025 | $10.8M | $8.0M | $2.8M |
| Aug 2025 | $9.0M | $8.6M | $431K |
| Jul 2025 | $8.9M | $13.2M | −$4.2M |
PIERX Assets Under Management
Net assets of Putnam International Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.04B |
| 2026-03-31 | $953.85M |
| 2025-12-31 | $906.07M |
| 2025-09-30 | $858.98M |
| 2025-06-30 | $805.20M |
| 2025-03-31 | $718.88M |
| 2024-12-31 | $689.67M |
| 2024-09-30 | $756.44M |
| 2024-06-30 | $737.01M |
| 2024-03-31 | $747.01M |
| 2023-12-31 | $735.86M |
| 2023-09-30 | $687.78M |
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.