# Putnam Small Cap Growth Class A (PNSAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pnsax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Putnam · Asset class: Equity - Strategy: Passive Index · Inception: 1997-12-30 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 repre... ## Key Facts | Metric | Value | |---|---| | Price | $82.54 | | Expense Ratio | 1.17% | | Assets Under Management | $2.76B | | NAV | $82.54 | | Holdings Count | — | | Distribution Yield (TTM) | 0.41% | | Annual Distribution (TTM) | $0.34 /share | | Distribution Frequency | Irregular | | 52-Week Range | $75.75 – $102.44 | | Beta | 1.29 | ## Latest Distribution - Amount: $0.3388 /share - Ex-date: 2025-12-22 - Pay date: 2025-12-22 ## Frequently Asked Questions ### 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 $2.76B 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 Putnam. ### 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. ### Does PNSAX pay a dividend? Putnam Small Cap Growth Class A (PNSAX) currently distributes little or no income. Trailing-twelve-month yield is 0.41%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PNSAX pay dividends? Putnam Small Cap Growth Class A pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PNSAX's dividend yield? PNSAX's trailing-twelve-month yield is 0.41%, calculated from the sum of dividends over the past year divided by the current price. ### When is PNSAX's next ex-dividend date? The most recently announced ex-dividend date for PNSAX was 2025-12-22. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will PNSAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.17% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PNSAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PNSAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PNSAX cost more than a fund like VOO? PNSAX is a passive index fund (current expense ratio 1.17%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to PNSAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PNSAX (1.17%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pnsax - Distribution history: https://www.dividenddata.com/funds/pnsax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pnsax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pnsax/expenses - Peer comparison: https://www.dividenddata.com/funds/pnsax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.