PNVAX Performance — Putnam International Small Cap Fund, Putnam Intl Small Cap Class A
Data updated: 2026-07-27
PNVAX returned +3.72% year to date and +13.94% over one year to May 2026. Annualised returns are +15.54% over 3 years and +5.88% over 5 years. The fund trailed its International Small Blend category average: $100 invested three years ago grew to $154, against $167 for the category, and to $114 over one year, against $127. Volatility over the past three years was 14.51% a year. In the 12 months to May 2026 the fund took in a net $11.6M, and assets reached $344.93M.
PNVAX Growth of $100
What $100 invested in Putnam International Small Cap Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Small Blend category average over the same months.
| Period | PNVAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $114 | $127 |
| 3 years (Jun 2023 – May 2026) | $154 | $167 |
| 5 years (Jun 2021 – May 2026) | $133 | $142 |
| Since data start (Sep 2019 – May 2026) | $193 | $199 |
PNVAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.72% |
| 1 year | +13.94% |
| 3 years (annualised) | +15.54% |
| 5 years (annualised) | +5.88% |
PNVAX Annual Returns
Calendar-year total returns of Putnam International Small Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +3.72% |
| 2025 | +25.51% |
| 2024 | +12.56% |
| 2023 | +13.36% |
| 2022 | −14.32% |
| 2021 | +8.14% |
| 2020 | +23.20% |
| 2019 (Sep–Dec) | +1.68% |
PNVAX 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 | +2.6% | +3.5% | −10.2% | +4.8% | +3.8% | — | — | — | — | — | — | — |
| 2025 | +1.8% | −2.3% | +2.2% | +7.0% | +5.1% | +6.8% | −3.5% | +1.7% | +1.2% | +0.3% | +3.2% | 0.0% |
| 2024 | −1.1% | +6.9% | +4.1% | −3.2% | +3.6% | +3.5% | +5.6% | −3.0% | −0.2% | −6.0% | +1.2% | +1.3% |
| 2023 | +8.7% | −0.6% | −4.7% | +3.0% | +1.5% | −2.5% | +3.4% | +2.8% | +10.1% | −4.6% | −4.7% | +1.4% |
| 2022 | −6.3% | +5.9% | +0.7% | −6.9% | −1.2% | −6.6% | +6.6% | −10.5% | +16.3% | +5.9% | −11.4% | −4.2% |
| 2021 | −3.3% | +6.6% | +2.1% | +5.7% | +3.9% | +3.0% | +1.6% | −0.2% | −6.9% | +1.8% | −3.3% | −2.3% |
| 2020 | −4.0% | +5.1% | +7.5% | +9.6% | −17.3% | +4.4% | +3.1% | +1.1% | +16.6% | −3.2% | −1.3% | +3.2% |
| 2019 | — | — | — | — | — | — | — | — | +1.8% | +5.4% | +3.4% | −8.4% |
PNVAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 14.51%
- 3-year Sharpe ratio: 0.76 (vs 4.5% risk-free rate)
- Best month: +10.11% (Sep 2023)
- Worst month: −10.19% (Mar 2026)
PNVAX Fund Flows
Monthly money in and out of Putnam International Small Cap Fund, from SEC Form N-PORT.
- 12-month net flow: $11.6M
- 12-month gross sales (incl. reinvestments): $64.2M
- Sales ÷ redemptions: 1.22×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $965K | $5.0M | −$4.1M |
| Apr 2026 | $853K | $3.6M | −$2.8M |
| Mar 2026 | $1.4M | $5.8M | −$4.4M |
| Feb 2026 | $3.5M | $5.3M | −$1.8M |
| Jan 2026 | $3.1M | $4.4M | −$1.3M |
| Dec 2025 | $42.3M | $8.4M | $34.0M |
| Nov 2025 | $825K | $2.4M | −$1.6M |
| Oct 2025 | $1.2M | $4.1M | −$2.9M |
| Sep 2025 | $1.8M | $3.6M | −$1.9M |
| Aug 2025 | $3.4M | $3.0M | $359K |
| Jul 2025 | $3.1M | $3.9M | −$759K |
| Jun 2025 | $1.7M | $2.8M | −$1.1M |
PNVAX Assets Under Management
Net assets of Putnam International Small Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $344.93M |
| 2026-02-28 | $365.11M |
| 2025-11-30 | $353.76M |
| 2025-08-31 | $343.73M |
| 2025-05-31 | $329.41M |
| 2025-02-28 | $292.13M |
| 2024-11-30 | $309.27M |
| 2024-08-31 | $335.02M |
| 2024-05-31 | $322.43M |
| 2024-02-29 | $317.14M |
| 2023-11-30 | $311.50M |
| 2023-08-31 | $314.29M |
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.