Putnam International Equity Fund by mercy2beans119

VIEWS: 23 PAGES: 2

									Q3 | 2009


                          Putnam International
                          Equity Fund
Joshua Byrne
                          Pursuing the growth potential of overseas
Portfolio manager         markets since 1991
(industry since 1989)


Category                  Established companies                             A flexible strategy                Building competitive portfolios
Blend                     The fund invests in established                   Pursuing Putnam’s blend            The portfolio manager uses
                          large and midsize companies                       strategy, the fund can own         fundamental research as the
Objective                 mainly in developed markets                       growth- or value-style stocks to   cornerstone of the investment
The fund seeks            to benefit from opportunities                     participate when either style      process. This research is supported
capital appreciation.     unfolding outside the United                      leads international markets.       by quantitative tools and macro-
                          States.                                                                              economic analysis.
Symbols
Quotron
Class A     POVSX
Class B     POVBX         Diversification across many markets and currencies                                    TOP TEN HOLDINGS
Class C     PIGCX
Class M     POVMX         l United Kingdom                           20.3%                                      Nestle SA
Class R     PIERX
                          l Japan                                    19.3                                       Roche Holdings AG
Class Y     POVYX
CUSIP                     l France                                   14.2                                       BP PLC
Class A     74680E-10-1                                                                                         Banco Santander SA
                          l Australia                                 8.2
Class B     74680E-20-0
Class C     74680E-30-9   l Germany                                   7.7                                       Zurich Financial Services
Class M     74680E-40-8                                                                                         GlaxoSmithkline PLC
                          l Switzerland                               7.4
Class R     74680E-60-6
                          l Spain                                     4.3                                       Total SA - ADR
Class Y     74680E-50-7
                          l Other countries                          18.6                                       Japan Tobacco
                                                                                                                BNP Paribas
                                                                                                                BAE Systems PLC
                          Allocations will vary over time. Due to                                              Holdings represent 24.8% of the portfolio
                          rounding, percentages may not equal 100%.                                            and will vary over time.




                          The fund has returned an average of 7.9%
                          annually since inception.
                              Putnam International Equity Fund
                              MSCI EAFE Index (5.0% annual return)




                                            ’                    ’                      ’                ’               ’



                          Current performance may be lower or higher than the quoted past performance, which cannot guarantee
                          future results. Share price, principal value, and return will vary, and you may have a gain or a loss when you sell
                          your shares. Performance of class A shares before sales charge assumes reinvestment of distributions and does
                          not account for taxes. Returns do not reflect a 5.75% sales charge; had they, returns would have been lower.
                          Due to market volatility, current performance may be higher or lower than performance shown. A 1% short-
                          term trading fee may apply. To obtain the most recent month-end performance, visit putnam.com.
9 30 2009                      Putnam International Equity Fund


Lipper rankings                The fund has provided solid long-term growth from international stocks.
(A shares, based on
total return)                   ANNUAL PERFORMANCE BEFORE SALES CHARGE (all distributions reinvested)
1 year       77% (281/364)
                                                          1999         2000         2001       2002      2003         2004     2005     2006      2007       2008     2009 YTD
3 years      84% (254/303)
5 years      75% (196/263)      A shares                     60.8%      -9.1%       -19.8%    -17.0%     28.1%        16.2%    12.6%    28.2%       8.4%    -44.8%      23.3%
10 years     35% (50/142)
                                MSCI EAFE
Category:                                                    27.0      -14.2        -21.4     -15.9      38.6         20.3     13.5     26.3       11.2     -43.4       29.0
                                Index
International large-cap core
funds
                                ANNUALIZED TOTAL RETURN PERFORMANCE                                          About performance information
                                                                                                             Current performance may be lower or higher than the quoted
Total expense ratio                                      Before            After                             past performance, which cannot guarantee future results. Share
(A shares)                      Class A shares           sales             sales             MSCI EAFE
                                Inception 2/28/91        charge            charge            Index
                                                                                                             price, principal value, and return will vary, and you may have a
1.42%                                                                                                        gain or a loss when you sell your shares. Performance of class A
                                1 year                        -2.40%            -8.01%         3.23%         shares before sales charge assumes reinvestment of distribu-
Number of                       3 years                       -6.47             -8.30          -3.60         tions and does not account for taxes. After sales charge returns
holdings                                                                                                     reflect a maximum 5.75% load. Due to market volatility, current
                                5 years                        4.15             2.93           6.07
193                                                                                                          performance may be higher or lower than performance shown. A
                                10 years                       2.68             2.07           2.55          1% short-term trading fee may apply. To obtain the most recent
Net assets                      Life of fund                   7.87             7.53           5.00          month-end performance, visit putnam.com.
$1,938.41M
                                ANNUALIZED RETURNS FOR QUARTERLY ROLLING PERIODS (2/28/91–9/30/09)
Dividend frequency
                                Best                Worst               Average              % of 5-year      Number           Number
Annually                        5-year              5-year              5-year               periods with     of positive      of negative
                                return              return              return               positive returns 5-year periods   5-year periods
Market cap                         26.45%             -3.92%              10.40%              91%                50               5
breakdown
$12B+        67.51%
$2-12B       30.52%            The Morgan Stanley Capital International (MSCI) EAFE Index is an              What you should consider before investing
$0-$2B       1.97%             unmanaged index of equity securities from developed countries in              International investing involves certain risks, such as currency
                               Western Europe, the Far East, and Australasia. You cannot invest              fluctuations, economic instability, and political developments.
Standard deviation             directly in an index.                                                         Additional risks may be associated with emerging-market
24.41                          Lipper rankings for class A shares are based on total return without          securities, including illiquidity and volatility. The fund
                               sales charge relative to all share classes of funds with similar objec-       invests some or all of its assets in small and/or midsize
Current price                  tives as determined by Lipper.                                                companies. Such investments increase the risk of greater
to book                                                                                                      price fluctuations.
                               Beta measures volatility in relation to the fund’s benchmark.
1.43
                               A beta of less than 1.0 indicates lower volatility; a beta of more
                               than 1.0, higher volatility than the benchmark. Standard deviation
Current price                  measures how widely a set of values varies from the mean. It is a
to earnings                    historical measure of the variability of return earned by an invest-
8.50                           ment portfolio over a 3-year period. Current price to book is a ratio
                               of a fund’s capitalization divided by its book value. Current price to
Beta                           earnings is a ratio equal to the market capitalization divided by its
1.02                           after-tax earnings, based on 12 months’ trailing earnings.
                               Not all share classes available on all platforms.




                               Putnam Investments                                                           Request a prospectus from your financial representative
                               One Post Office Square                                                       or by calling Putnam at 1-800-225-1581. The prospectus
                               Boston, MA 02109                                                             includes investment objectives, risks, fees, expenses,
                                                                                                            and other information that you should read and consider
                               1-800-225-1581
                                                                                                            carefully before investing.
                               putnam.com

                               Putnam Retail Management
                                                                                                                                                                FS009 255894 10/09

								
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