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Managed Fund Since 2019
Equity
PEMMX Putnam Emerging Markets Equity Fund
- Concentrated, best-ideas approach. Seeks to capitalize on inefficiencies by targeting 40-60 high-conviction names.
- Focus on mispriced earnings. Builds active positions in high-quality names where we have a differentiated view on earnings.
- Seeks to deliver an asymmetric return profile. Emphasizes quality bias to pursue upside potential and manage downside.
Popular Documents
Total Net Assets
$532.95M
As of 09/30/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
The fund seeks long-term capital appreciation. The fund seeks to capitalize on inefficiencies by targeting approximately 60 high-conviction names.
- Benchmark
- MSCI Emerging Markets Index-NR
- Fund Inception Date
- 09/29/2008
- Dividend Frequency, if any
- Annually
- Portfolio Turnover
- 55%
Identifiers
- Ticker
- PEMMX
- Fund Number
- 059
- CUSIP Code
- 746764109
Average Annual Total Returns As of 09/30/2025
Class A
- 16.58%1 Year
- 19.54%3 Years
- 4.85%5 Years
- 8.87%10 Years
- 5.46%Since Inception
09/29/2008
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 09/30/2025 % of Total (Updated Monthly)
Additional Fund Info
- Share Class Inception Date
- 09/29/2008
- Investment Style
- Blend
- Lipper Classification
- Emerging Markets Funds
- Morningstar Category
- Diversified Emerging Markets
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
Latest Insights
August 14, 2025
March 19, 2025
Performance
Average Annual Total Returns
As of 09/30/2025
Selected Month September 2025
Class A - With Sales Charge (POP) (%)
Month End
As of 09/30/2025
Class A - Without Sales Charge (NAV) (%)
Month End
As of 09/30/2025
MSCI Emerging Markets Index-NR (%)
Month End
As of 09/30/2025
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.
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 of09/30/2025 (Updated Monthly)
- Total Net Assets
- $532.95 Million
Positions
As of 09/30/2025 (Updated Monthly)
Number of Issuers
- Fund
- 60
Portfolio Statistics
As of 09/30/2025 (Updated Monthly)
Price to Earnings (12-Month Forward)
- Fund
- 14.62x
- Fund
- $312.59 Billion
- Fund
- 2.66x
Sector Allocation
As of 09/30/2025 % of Total (Updated Monthly)
| Sector | % of Total |
|---|---|
Information Technology | 23.32% |
Financials | 21.10% |
Communication Services | 17.59% |
Consumer Discretionary | 11.76% |
Unclassified | 5.34% |
Utilities | 3.92% |
Materials | 3.83% |
Industrials | 3.59% |
Health Care | 1.88% |
Energy | 1.75% |
Real Estate | 1.07% |
Consumer Staples | 0.76% |
Cash & Other Net Assets | 4.10% |
Holdings
As of 09/30/2025 (Updated Monthly)
TAIWAN SEMICONDUCTOR MANUFAC SEDOL 6889106
TENCENT HOLDINGS LTD SEDOL BMMV2K8
ALIBABA GROUP HOLDING LTD SEDOL BK6YZP5
ISHARES CORE MSCI EMERGING SEDOL B8NDCB6
Net Cash
SAMSUNG ELECTRONICS CO LTD SEDOL 6771720
ICICI BANK LTD SEDOL BSZ2BY7
AL RAJHI BANK SEDOL B12LZH9
BANK OF CHINA LTD-H SEDOL B154564
ABU DHABI ISLAMIC BANK SEDOL 6001728
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
12/23/2024
Pricing
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Putnam Emerging Markets Equity Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Putnam Emerging Markets Equity Fund - Class A | |||
| Annual Financial Statements and Other Information - Putnam Emerging Markets Equity Fund | |||
| Semi-Annual Report - Putnam Emerging Markets Equity Fund - Class A | |||
| Semi-Annual Financial Statements and Other Information - Putnam Emerging Markets Equity Fund | |||
| Prospectus - Putnam Emerging Markets Equity Fund | |||
| Summary Prospectus - Putnam Emerging Markets Equity Fund | |||
| Statement Of Additional Information - Putnam Emerging Markets Equity Fund | |||
| Fiscal Q1 Holdings - Putnam Emerging Markets Equity Fund | |||
| Fiscal Q3 Holdings - Putnam Emerging Markets Equity Fund |
Risks
All investments involve risks, including possible loss of principal. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. The investment style may become out of favor, which may have a negative impact on performance. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the performance and result in greater fluctuation in value. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. 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 MSCI Emerging Markets Index is a market capitalization-weighted index that is designed to measure equity market performance in the global emerging markets.
Net Returns (NR) include income net of tax withholding when dividends are paid.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
The MSCI Emerging Markets Index is a market capitalization-weighted index that is designed to measure equity market performance in the global emerging markets.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
Net Returns (NR) include income net of tax withholding when dividends are paid.
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.