PVNBX Performance — Putnam International Small Cap Fund, Class B
Data updated: 2026-07-27
PVNBX returned +17.95% over one year to Aug 2024. Annualised returns are −0.14% over 3 years and +8.21% over 5 years. Against its International Small Blend category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $100, against $101 for the category, and to $118 over one year, against $116. Volatility over the past three years was 20.75% a year. In the 12 months to May 2026 the fund took in a net $11.6M, and assets reached $344.93M.
PVNBX 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 | PVNBX | Category average |
|---|---|---|
| 1 year (Sep 2023 – Aug 2024) | $118 | $116 |
| 3 years (Sep 2021 – Aug 2024) | $100 | $101 |
| 5 years (Sep 2019 – Aug 2024) | $148 | $144 |
PVNBX Trailing Returns
Total returns to Aug 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +17.95% |
| 3 years (annualised) | −0.14% |
| 5 years (annualised) | +8.21% |
PVNBX 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 |
|---|---|
| 2024 (Jan–Aug) | +16.44% |
| 2023 | +12.55% |
| 2022 | −14.95% |
| 2021 | +7.31% |
| 2020 | +22.24% |
| 2019 (Sep–Dec) | +1.48% |
PVNBX 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 | −1.1% | +6.8% | +4.0% | −3.3% | +3.5% | +3.5% | +5.5% | −3.0% | — | — | — | — |
| 2023 | +8.6% | −0.7% | −4.8% | +3.0% | +1.5% | −2.5% | +3.4% | +2.8% | +10.1% | −4.7% | −4.8% | +1.4% |
| 2022 | −6.4% | +5.8% | +0.6% | −7.0% | −1.2% | −6.7% | +6.5% | −10.5% | +16.2% | +5.8% | −11.4% | −4.2% |
| 2021 | −3.4% | +6.5% | +2.1% | +5.7% | +3.8% | +3.0% | +1.5% | −0.3% | −7.0% | +1.7% | −3.3% | −2.3% |
| 2020 | −4.0% | +5.0% | +7.5% | +9.5% | −17.4% | +4.3% | +3.0% | +1.0% | +16.6% | −3.2% | −1.3% | +3.2% |
| 2019 | — | — | — | — | — | — | — | — | +1.8% | +5.3% | +3.4% | −8.4% |
PVNBX Risk
Risk measures from monthly returns over Sep 2021 – Aug 2024.
- 3-year volatility (annualised): 20.75%
- 3-year Sharpe ratio: -0.22 (vs 4.5% risk-free rate)
- Best month: +16.25% (Sep 2022)
- Worst month: −11.44% (Nov 2022)
PVNBX 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 |
PVNBX 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.