Putnam Small Cap Growth Fund (PNSAX)

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Putnam Small Cap Growth Fund (PNSAX) is up 25.4% since the beginning of the year. PNSAX is currently trading at $100 per share. Investors who bought $1,000 worth of PNSAX shares 5 years ago would now be looking at an investment worth $1,661.

Putnam Small Cap Growth Fund (PNSAX) has returned 25.36% so far this year and 38.30% over the past 12 months. Looking at the last ten years, PNSAX has achieved an annualized return of 16.52%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.

Based on dividend-adjusted daily data since Jan 2, 1998, PNSAX's average daily return is +0.06%, while the average monthly return is +1.17%. At this rate, an investment would double in approximately 5.0 years.

Historically, 62% of months were positive and 38% were negative. The best month was Jun 2000 with a return of +33.6%, while the worst month was Aug 1998 at -24.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, PNSAX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +9.7%, while the worst single day was Mar 16, 2020 at -14.5%.

Putnam Small Cap Growth Fund has an annualized alpha of 4.21%, beta of 1.11, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since January 02, 1998.

• This fund captured 145.09% of S&P 500 Index gains and 120.76% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 4.21% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• With beta of 1.11 and R2 of 0.69, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

PNSAX has a high expense ratio of 1.23%, indicating above-average management fees.

PNSAX ranks 42 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Putnam Small Cap Growth Fund provided a 0.34% dividend yield over the last twelve months, with an annual payout of $0.34 per share.

The table displays the monthly dividend distributions for Putnam Small Cap Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Putnam Small Cap Growth 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 Small Cap Growth Fund was 69.47%, occurring on Oct 9, 2002. Recovery took 2762 trading sessions.

The chart below shows the rolling one-month volatility.