- ISIN
- US7467632003
- CUSIP
- 746763200
- Issuer
- Putnam
- Inception Date
- Jul 31, 1996
- Category
- Foreign Large Cap Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
PNGAX Performance Chart
Putnam International Value Fund (PNGAX) is up 9.3% since the beginning of the year. PNGAX is currently trading at $19 per share. Investors who bought $1,000 worth of PNGAX shares 5 years ago would now be looking at an investment worth $1,749.
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Returns By Period
Putnam International Value Fund (PNGAX) has returned 9.33% so far this year and 24.34% over the past 12 months. Over the last ten years, PNGAX has returned 9.97% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Putnam International Value Fund
- 1D
- 0.32%
- 1M
- 0.21%
- YTD
- 9.33%
- 6M
- 9.77%
- 1Y
- 24.34%
- 3Y*
- 17.66%
- 5Y*
- 11.83%
- 10Y*
- 9.97%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PNGAX Monthly Returns History
Based on dividend-adjusted daily data since Jul 31, 1996, PNGAX's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, an investment would double in approximately 8.8 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +19.6%, while the worst month was Oct 2008 at -23.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PNGAX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +13.2%, while the worst single day was Mar 12, 2020 at -11.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.50% | 4.45% | -6.89% | 5.48% | 0.86% | 0.16% | 9.33% | ||||||
| 2025 | 4.47% | 3.99% | 2.51% | 2.45% | 4.85% | 2.28% | -0.37% | 4.35% | 2.38% | -1.57% | 1.77% | 3.23% | 34.66% |
| 2024 | -1.08% | 0.94% | 4.95% | -1.55% | 5.76% | -3.82% | 5.51% | 2.16% | 0.27% | -3.81% | 0.42% | -3.38% | 5.86% |
| 2023 | 8.48% | -1.23% | 0.25% | 3.08% | -4.11% | 5.72% | 3.66% | -3.30% | -1.98% | -4.62% | 8.06% | 4.26% | 18.50% |
| 2022 | 0.90% | -3.08% | -0.75% | -5.99% | 4.22% | -10.15% | 2.49% | -4.21% | -8.68% | 6.73% | 13.61% | 0.29% | -6.85% |
| 2021 | -0.97% | 5.53% | 3.72% | 3.02% | 4.75% | -4.00% | 0.00% | 1.89% | -1.47% | 1.88% | -5.69% | 5.48% | 14.24% |
Benchmark Metrics
Putnam International Value Fund has an annualized alpha of 0.81%, beta of 0.73, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since July 31, 1996.
- This fund participated in 95.12% of S&P 500 Index downside but only 86.51% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.81%
- Beta
- 0.73
- R²
- 0.55
- Upside Capture
- 86.51%
- Downside Capture
- 95.12%
Expense Ratio
PNGAX has a high expense ratio of 1.27%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PNGAX ranks 38 for risk / return — below 38% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam International Value Fund (PNGAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PNGAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.78 | -0.53 |
| Martin ratioReturn relative to average drawdown | 8.31 | 12.44 | -4.13 |
Dividends
Dividend History
Putnam International Value Fund provided a 2.72% dividend yield over the last twelve months, with an annual payout of $0.51 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.51 | $0.51 | $0.51 | $0.31 | $0.18 | $0.70 | $0.21 | $0.43 | $0.42 | $0.14 | $0.22 | $0.11 |
Dividend yield | 2.72% | 2.97% | 3.89% | 2.35% | 1.63% | 5.70% | 1.84% | 3.91% | 4.34% | 1.11% | 2.23% | 1.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam International Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam International Value Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam International Value Fund was 64.78%, occurring on Mar 9, 2009. Recovery took 2234 trading sessions.
The current Putnam International Value Fund drawdown is 0.84%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -64.78%Mar 2009 | 1y 4mo | 8y 10mo | 10y 2moNov 2007 - Jan 2018 |
2003 bear market2003 | -44.38%Mar 2003 | 2y 8mo | 1y 8mo | 4y 4moJul 2000 - Nov 2004 |
COVID crash2020 | -41.58%Mar 2020 | 2y 1mo | 9mo 21d | 2y 11moJan 2018 - Jan 2021 |
1998 bear market1998 | -28.08%Oct 1998 | 2mo 16d | 6mo 13d | 8mo 29dJul 1998 - Apr 1999 |
Bear market2022 | -27.37%Sep 2022 | 7mo 19d | 8mo 21d | 1y 4moFeb 2022 - Jun 2023 |
Drawdown Indicators
| PNGAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.78% | -56.78% | -8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.51% | -9.10% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -13.87% | -18.90% | +5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -27.37% | -25.43% | -1.94% |
Max Drawdown (10Y)Largest decline over 10 years | -41.58% | -33.92% | -7.66% |
Current DrawdownCurrent decline from peak | -0.84% | -1.80% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -15.79% | -10.71% | -5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.03% | +0.82% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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