Putnam Small Cap Growth Fund
Putnam Funds Trust · 3 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Putnam Small Cap Growth Fund is an actively managed U.S. equity fund. 48% of PNSAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 82% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2025 Q4
The fund seeks capital appreciation.
The fund invests mainly in common stocks of small U.S. companies aligned with the Russell 2000 Growth Index, selecting stocks based on valuation, financial strength, growth potential, competitive position, and projected earnings and cash flows. The fund maintains at least 80% of net assets in companies sized similarly to index constituents, a policy that may change only after 60 days' notice to shareholders. Because the fund's returns depend on the manager's security selections rather than index replication, performance may diverge from the Russell 2000 Growth Index.
| Share class | Expense ratio |
|---|---|
| C000002301 | 1.93% |
| C000002302 | 0.92% |
| PNSAX | 1.17% |
| PSGRX | 1.42% |
| C000158897 | 0.76% |
Portfolio turnover 51.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 96.66% |
| Cash & short-term | 10.97% |
| Other | 3.29% |
These positions come to 110.92% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Industrials | 21.0% |
| Information Technology | 20.8% |
| Health Care | 19.8% |
| Cash | 9.9% |
| 8 smaller | 28.5% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +34.81% | +58.70% | +39.89% | 18.34% | -13.44% | |
| +36.17% | +63.50% | +47.04% | 18.36% | -13.28% | |
| +35.84% | +62.34% | +45.25% | 18.36% | -13.31% | |
| — | — | — | — | — | |
| +35.48% | +61.11% | +43.44% | 18.34% | -13.35% | |
| +36.34% | +64.29% | +48.14% | 18.36% | -13.26% |
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Putnam Cash Collateral Pool LLC | 10.97% | — | $372.67M | — |
| — | Putnam Short Term Investment Fund | 2.78% | — | $94.51M | — |
| DOCN | DigitalOcean Holdings, Inc.DOCN | 2.56% | $157.03 | $87.11M | 554.7K |
| RBC | RBC Bearings, Inc.RBC | 2.45% | $644.06 | $83.31M | 129.3K |
| — | Nova Ltd. | 2.32% | $542.94 | $78.70M | 144.9K |
| BTSG | BrightSpring Health Services, Inc.BTSG | 2.07% | $69.74 | $70.35M | 1.0M |
| ENVA | Enova International, Inc.ENVA | 2.06% | $240.73 | $69.99M | 290.7K |
| AEIS | Advanced Energy Industries, Inc.AEIS | 2.02% | $372.87 | $68.55M | 183.8K |
| BELFB | Bel Fuse, Inc.BELFB | 1.70% | $333.04 | $57.65M | 173.1K |
| ATZAF | Aritzia, Inc.ATZAF | 1.68% | $110.27 | $57.09M | 517.7K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 30.61% of net assets, top 25 53.48%, across 110 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
Sign in free