About PGLEX
Putnam Focused International Equity Fund Class R6 is a mutual fund designed to achieve capital appreciation by investing primarily in equities of companies located outside the United States. The fund utilizes a focused approach, typically holding a concentrated portfolio of approximately 30 to 40 stocks, emphasizing both growth and value opportunities across developed and emerging markets. Its investment universe spans a range of sectors, with sizable allocations to technology, industrials, financial services, and communication services, reflecting a diversified yet selective strategy. The fund’s portfolio often includes leading global firms such as Constellation Software, Itochu Corp, and Taiwan Semiconductor Manufacturing, along with a notable cash position for flexibility.
Classified within the Foreign Large Blend category, this fund is tailored toward investors seeking exposure to international equities with a blend of growth and value characteristics. It is structured to minimize overlap with U.S.-domiciled companies, maintaining over 80% of its assets in non-U.S. stocks. Its management team targets companies with strong fundamentals and attractive valuations, aiming to capitalize on global market opportunities while maintaining risk controls. The fund appeals to institutional and retirement plan investors, offering competitive expenses and a disciplined, research-driven process for international diversification.
Fund Family Franklin Templeton, Inc
Category Foreign Large Blend
Performance Rating Above Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol PGLEX
Index MSCI AC World ex USA NR USD
PGLEX had a total return of 18.93% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.41%.
