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Managed Fund Since 2017
Equity
PSYGX Putnam Small Cap Growth Fund
- Combining quality and aggressive growth. We believe portfolios that balance exposure to high-quality and aggressive growth small-cap stocks can offer strong risk-adjusted return potential.
- Research-intensive process. Our fundamental investment process focuses on identifying growth opportunities where the market has undervalued the duration or magnitude of a companys growth potential.
- Long-term investment horizon. We seek to invest over a multiyear horizon to harness the power of compounding growth and embed risk management at multiple levels.
Popular Documents
Total Net Assets
$3.05B
As of 10/31/2025 (Updated Monthly)
Fund is soft closed
This fund soft closed on January 15, 2025, and only allows purchases and incoming exchanges from existing fund shareholders and certain other categories of investors noted in the fund’s prospectus. Please contact your financial professional with any questions.
Overview
Fund Facts
Fund description
The fund seeks capital appreciation by investing mainly in common stocks of small U.S. companies, with a focus on growth stocks.
- Benchmark
- Russell 2000 Growth Index
- Fund Inception Date
- 12/31/1997
- Dividend Frequency, if any
- Annually
- Portfolio Turnover
- 51%
Identifiers
- Ticker
- PSYGX
- Fund Number
- 1852
- CUSIP Code
- 746763499
Average Annual Total Returns As of 10/31/2025
Class Y
- 12.23%1 Year
- 17.69%3 Years
- 11.37%5 Years
- 13.77%10 Years
- 11.81%Since Inception
12/30/1997
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 10/31/2025 % of Total (Updated Monthly)
Additional Fund Info
- Share Class Inception Date
- 11/03/2003
- Investment Style
- Growth
- Lipper Classification
- Small-Cap Growth Funds
- Morningstar Category
- Small Growth
Manager and Commentary
About the Team
Putnam Investments
Putnam Investments has been serving clients and shareholders for over 85 years. We manage a range of equity portfolios with a focus on stock-specific opportunities. Our approach — stock-driven rather than style-driven — is designed to offer consistent outperformance, regardless of the market environment. Our portfolios are fueled by a variety of independent views and perspectives, enhanced by fundamental research and ongoing dialogue and debate. We combine this with portfolio construction that aims to reduce broader macro exposures and manage downside risk.
Putnam Investments
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Managed Fund Since 2024
Latest Insights
August 14, 2025
March 19, 2025
Performance
Calendar Year Returns
As of 10/31/2025
Class Y - Without Sales Charge (NAV) (%)
Russell 2000 Growth Index (%)
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
The fund's monthly base fee is increased or reduced by a performance adjustment as described in the prospectus.
The fund began offering Class Y shares on 11/3/2003. Returns for periods prior to 11/3/2003 are based on the fund's Class A performance, which has not been adjusted for the lower operating expenses; had it been adjusted, performance would be higher. For periods after the share class offering, performance for the specific share class is used, reflecting the applicable expenses and maximum sales charges.
Ratings 3
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of10/31/2025 (Updated Monthly)
- Total Net Assets
- $3.05 Billion
Positions
As of 10/31/2025 (Updated Monthly)
Number of Issuers
- Fund
- 104
Portfolio Statistics
As of 10/31/2025 (Updated Monthly)
Price to Book
- Fund
- 7.01x
- Fund
- $10.95 Billion
- Fund
- 31.97x
Market Capitalization Allocation
As of 10/31/2025 % of Total (Updated Monthly)
| Market Capitalization | Fund |
|---|---|
| Less than $1B | 0.09% |
| $1B - $3B | 7.32% |
| $3B - $6.3B | 21.39% |
| Over $6.3B | 69.38% |
| Cash and other assets | 1.83% |
Holdings
As of 09/30/2025 (Updated Monthly)
KRATOS DEFENSE & SECURITY SEDOL 2512149
COMFORT SYSTEMS USA INC SEDOL 2036047
NOVA LTD SEDOL 2577740
ENCOMPASS HEALTH CORP SEDOL BYX2YJ7
HURON CONSULTING GROUP INC SEDOL B018V76
CARPENTER TECHNOLOGY SEDOL 2177504
ENSIGN GROUP INC/THE SEDOL B1YWPP8
CREDO TECHNOLOGY GROUP HOLDI SEDOL BLD13F2
RBC BEARINGS INC SEDOL B0GLYB5
ACI WORLDWIDE INC SEDOL 2889155
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
- Distribution Frequency
- AnnuallyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
12/22/2025
Pricing
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Putnam Small Cap Growth Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Putnam Small Cap Growth Fund - Class Y | |||
| Annual Financial Statements and Other Information - Putnam Small Cap Growth Fund | |||
| Semi-Annual Report - Putnam Small Cap Growth Fund - Class Y | |||
| Semi-Annual Financial Statements and Other Information - Putnam Small Cap Growth Fund | |||
| Prospectus - Putnam Small Cap Growth Fund | |||
| Summary Prospectus - Putnam Small Cap Growth Fund | |||
| Statement Of Additional Information - Putnam Funds Trust | |||
| Fiscal Q1 Holdings - Putnam Small Cap Growth Fund | |||
| Fiscal Q3 Holdings - Putnam Small Cap Growth Fund |
Risks
All investments involve risks, including possible loss of principal. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. The investment style may become out of favor, which may have a negative impact on performance. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. Active management does not ensure gains or protect against market declines. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund's prospectus.
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The Russell 2000 Growth Index measures the performance of the small-cap growth segment of the U.S. equity universe.
Source: FTSE.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
Putnam funds are not exchangeable for other funds distributed by Franklin Distributors, LLC.
Franklin Distributors, LLC. Member FINRA/SIPC. Putnam Investment is a Franklin Templeton company. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.