Putnam Small Cap Growth Class A

Frequently Asked Questions About PNSAX

What does PNSAX invest in?

The Putnam Small Cap Growth Class A fund primarily allocates capital to common shares of smaller, dynamic U.S. enterprises. Its investment approach centers on identifying "growth stocks," which are characterized as companies poised to achieve earnings growth rates significantly exceeding those of similar businesses. This anticipated rapid development, along with other key factors, is expected to drive substantial appreciation in their stock prices. A significant portion, specifically at least 80%, of the fund's net assets is dedicated to firms with market capitalizations akin to those represented in the Russell 2000 Growth Index.

What is the expense ratio of PNSAX?

Putnam Small Cap Growth Class A (PNSAX) charges an expense ratio of 1.17%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PNSAX?

Putnam Small Cap Growth Class A (PNSAX) manages $3.43B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PNSAX actively managed or an index fund?

PNSAX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (PNSAX's is 1.17%) because there's no security selection cost.

When was PNSAX launched?

Putnam Small Cap Growth Class A (PNSAX) launched in December 1997 and is managed by the fund issuer.

How has PNSAX performed?

PNSAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.