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Putnam Announces Multi-Class Distribution Rates for Open End Funds

·9 min read

The Trustees of The Putnam Funds declared the following distributions.

RECORD/

PAYMENT

FUND NAME AND DISTRIBUTIONS

EX DATE

DATE

Putnam Emerging Markets Equity Fund – Class A Shares (PEMMX)

$0.0190 per share investment income

12/23/20

12/28/20

$0.2590 per share short-term capital gain

$0.2780 per share total

Putnam Emerging Markets Equity Fund – Class B Shares (PEMBX)

$0.2590 per share short-term capital gain

12/23/20

12/28/20

Putnam Emerging Markets Equity Fund – Class C Shares (PEMZX)

$0.2590 per share short-term capital gain

12/23/20

12/28/20

Putnam Emerging Markets Equity Fund – Class R Shares (PEMLX)

$0.0310 per share investment income

12/23/20

12/28/20

$0.2590 per share short-term capital gain

$0.2900 per share total

Putnam Emerging Markets Equity Fund – Class Y Shares (PEMYX)

$0.0430 per share investment income

12/23/20

12/28/20

$0.2590 per share short-term capital gain

$0.3020 per share total

Emerging Markets Equity Fund – Class R6 Shares (PEMQX)

$0.0580 per share investment income

12/23/20

12/28/20

$0.2590 per share short-term capital gain

$0.3170 per share total

Putnam Global Equity Fund - Class A Shares (PEQUX)

$0.1010 per share investment income

12/23/20

12/28/20

Putnam Global Equity Fund - Class Y Shares (PEQYX)

$0.1450 per share investment income

12/23/20

12/28/20

Putnam Global Equity Fund - Class R6 Shares (PGLEX)

$0.1680 per share investment income

12/23/20

12/28/20

Putnam Global Health Care Fund - Class A Shares (PHSTX)

$0.5050 per share investment income

12/23/20

12/28/20

$1.6830 per share short-term capital gain

$3.5190 per share long-term capital gain

$5.7070 per share total

Putnam Global Health Care Fund - Class B Shares (PHSBX)

$0.3160 per share investment income

12/23/20

12/28/20

$1.6830 per share short-term capital gain

$3.5190 per share long-term capital gain

$5.5180 per share total

Putnam Global Health Care Fund - Class C Shares (PCHSX)

$0.2450 per share investment income

12/23/20

12/28/20

$1.6830 per share short-term capital gain

$3.5190 per share long-term capital gain

$5.4470 per share total

Putnam Global Health Care Fund - Class R Shares (PHSRX)

$0.2970 per share investment income

12/23/20

12/28/20

$1.6830 per share short-term capital gain

$3.5190 per share long-term capital gain

$5.4990 per share total

Putnam Global Health Care Fund - Class Y Shares (PHSYX)

$0.6480 per share investment income

12/23/20

12/28/20

$1.6830 per share short-term capital gain

$3.5190 per share long-term capital gain

$5.8500 per share total

Putnam Global Health Care Fund - Class R6 Shares (PGHAX)

$0.6020 per share investment income

12/23/20

12/28/20

$1.6830 per share short-term capital gain

$3.5190 per share long-term capital gain

$5.8040 per share total

Putnam Global Technology Fund - Class A Shares (PGTAX)

$7.0620 per share short-term capital gain

12/23/20

12/28/20

$1.7270 per share long-term capital gain

$8.7890 per share total

Putnam Global Technology Fund - Class C Shares (PGTDX)

$7.0620 per share short-term capital gain

12/23/20

12/28/20

$1.7270 per share long-term capital gain

$8.7890 per share total

Putnam Global Technology Fund - Class R Shares (PTTEX)

$7.0620 per share short-term capital gain

12/23/20

12/28/20

$1.7270 per share long-term capital gain

$8.7890 per share total

Putnam Global Technology Fund - Class Y Shares (PGTYX)

$7.0620 per share short-term capital gain

12/23/20

12/28/20

$1.7270 per share long-term capital gain

$8.7890 per share total

Putnam Global Technology Fund - Class R6 Shares (PTTEX)

$7.0620 per share short-term capital gain

12/23/20

12/28/20

$1.7270 per share long-term capital gain

$8.7890 per share total

Putnam High Yield Fund– Class A Shares (PHYIX)

$0.0210 per share investment income(a)

12/23/20

12/28/20

Putnam High Yield Fund - Class B Shares (PHYBX)

$0.0170 per share investment income

12/23/20

12/28/20

Putnam High Yield Fund - Class C Shares (PHYLX)

$0.0170 per share investment income

12/23/20

12/28/20

Putnam High Yield Fund - Class M Shares (PHYMX)

$0.0200 per share investment income

12/23/20

12/28/20

Putnam High Yield Fund – Class R Shares (PFJAX)

$0.0200 per share investment income

12/23/20

12/28/20

Putnam High Yield Fund - Class Y Shares (PHAYX)

$0.0220 per share investment income

12/23/20

12/28/20

Putnam High Yield Fund – Class R6 Shares (PHYUX)

$0.0230 per share investment income

12/23/20

12/28/20

Putnam Income Fund – Class A Shares (PINCX)

$0.0120 per share investment income (a)

12/23/20

12/28/20

$0.2120 per share short-term capital gain

$0.0130 per share long-term capital gain

$0.2370 per share total

Putnam Income Fund - Class B Shares (PNCBX)

$0.0070 per share investment income

12/23/20

12/28/20

$0.2120 per share short-term capital gain

$0.0130 per share long-term capital gain

$0.2320 per share total

Putnam Income Fund - Class C Shares (PUICX)

$0.0070 per share investment income

12/23/20

12/28/20

$0.2120 per share short-term capital gain

$0.0130 per share long-term capital gain

$0.2320 per share total

Putnam Income Fund - Class M Shares (PNCMX)

$0.0100 per share investment income

12/23/20

12/28/20

$0.2120 per share short-term capital gain

$0.0130 per share long-term capital gain

$0.2350 per share total

Putnam Income Fund - Class R Shares (PIFRX)

$0.0100 per share investment income

12/23/20

12/28/20

$0.2120 per share short-term capital gain

$0.0130 per share long-term capital gain

$0.2350 per share total

Putnam Income Fund - Class Y Shares (PNCYX)

$0.0140 per share investment income

12/23/20

12/28/20

$0.2120 per share short-term capital gain

$0.0130 per share long-term capital gain

$0.2390 per share total

Putnam Income Fund - Class R5 Shares (PINFX)

$0.0140 per share investment income

12/23/20

12/28/20

$0.2120 per share short-term capital gain

$0.0130 per share long-term capital gain

$0.2390 per share total

Putnam Income Fund - Class R6 Shares (PINHX)

$0.0140 per share investment income

12/23/20

12/28/20

$0.2120 per share short-term capital gain

$0.0130 per share long-term capital gain

$0.2390 per share total

Putnam International Capital Opportunities Fund - Class A Shares (PNVAX)

$0.3490 per share investment income

12/23/20

12/28/20

$0.6340 per share short-term capital gain

$0.8730 per share long-term capital gain

$1.8560 per share total

Putnam International Capital Opportunities Fund - Class B Shares (PVNBX)

$0.6340 per share short-term capital gain

12/23/20

12/28/20

$0.8730 per share long-term capital gain

$1.5070 per share total

Putnam International Capital Opportunities Fund - Class C Shares (PUVCX)

$0.0180 per share investment income

12/23/20

12/28/20

$0.6340 per share short-term capital gain

$0.8730 per share long-term capital gain

$1.5250 per share total

Putnam International Capital Opportunities Fund - Class R Shares (PICRX)

$0.2360 per share investment income

12/23/20

12/28/20

$0.6340 per share short-term capital gain

$0.8730 per share long-term capital gain

$1.7430 per share total

Putnam International Capital Opportunities Fund - Class Y Shares (PIVYX)

$0.4360 per share investment income

12/23/20

12/28/20

$0.6340 per share short-term capital gain

$0.8730 per share long-term capital gain

$1.9430 per share total

Putnam International Capital Opportunities Fund - Class R6 Shares (PNVAX)

$0.5130 per share investment income

12/23/20

12/28/20

$0.6340 per share short-term capital gain

$0.8730 per share long-term capital gain

$2.0200 per share total

Putnam International Equity Fund - Class A Shares (POVSX)

$0.3030 per share investment income

12/23/20

12/28/20

$0.3780 per share long-term capital gain

$0.6810 per share total

Putnam International Equity Fund - Class B Shares (POVBX)

$0.0860 per share investment income

12/23/20

12/28/20

$0.3780 per share long-term capital gain

$0.4640 per share total

Putnam International Equity Fund - Class C Shares (PIGCX)

$0.1040 per share investment income

12/23/20

12/28/20

$0.3780 per share long-term capital gain

$0.4820 per share total

Putnam International Equity Fund - Class R Shares (PIERX)

$0.1680 per share investment income

12/23/20

12/28/20

$0.3780 per share long-term capital gain

$0.5460 per share total

Putnam International Equity Fund - Class Y Shares (POVYX)

$0.3640 per share investment income

12/23/20

12/28/20

$0.3780 per share long-term capital gain

$0.7420 per share total

Putnam International Equity Fund - Class R5 Shares (POVDX)

$0.1350 per share investment income

12/23/20

12/28/20

$0.3780 per share long-term capital gain

$0.5130 per share total

Putnam International Equity Fund - Class R6 Shares (POVEX)

$0.4100 per share investment income

12/23/20

12/28/20

$0.3780 per share long-term capital gain

$0.7880 per share total

Putnam International Value Fund - Class A Shares (PNGAX)

$0.1800 per share investment income

12/23/20

12/28/20

$0.0280 per share long-term capital gain

$0.2080 per share total

Putnam International Value Fund - Class B Shares (PGNBX)

$0.0730 per share investment income

12/23/20

12/28/20

$0.0280 per share long-term capital gain

$0.1010 per share total

Putnam International Value Fund - Class C Shares (PIGRX)

$0.0800 per share investment income

12/23/20

12/28/20

$0.0280 per share long-term capital gain

$0.1080 per share total

Putnam International Value Fund - Class R Shares (PIIRX)

$0.1530 per share investment income

12/23/20

12/28/20

$0.0280 per share long-term capital gain

$0.1810 per share total

Putnam International Value Fund - Class Y Shares (PNGYX)

$0.2130 per share investment income

12/23/20

12/28/20

$0.0280 per share long-term capital gain

$0.2410 per share total

Putnam International Value Fund - Class R6 Shares (PIGWX)

$0.2290 per share investment income

12/23/20

12/28/20

$0.0280 per share long-term capital gain

$0.2570 per share total

(a) Class A regular income distribution for High Yield Fund ($0.021 per share) and Income Fund ($0.012 per share) were announced on the 11/20/20 press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201223005574/en/

Contacts

PUTNAM SHAREHOLDERS CONTACT: 1-800-225-1581

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    Wall Street has been looking at Nio Limited (NIO) of late, and investors seem to like what they see. Over the past 12 months, NIO stock is up a whooping 1017%, and remains close to its 52-week high. It probably hasn't hurt that the Chinese EV manufacturer released solid December car deliveries, showing a huge step forward. As expected, the fund-raising dip in December was another buying opportunity. The forecasted large growth rate in the Chinese EV market should lead to another big year for Nio. Big Monthly Delivery Increase Nio delivered 7,007 units during December for a big step up from the 5,291 in November. The Chinese EV company had generally seen small monthly delivery increases since April as the sector raced ahead. For December, Nio had a nearly equal delivery of ES8, ES6 and EC6 models. In total, Q4 deliveries were 17,353 EVs while the full-year count was only 43,728 vehicles. The company is already on an annualized rate of 84,000 cars. In comparison XPeng (XPEV) had 5,700 deliveries while Tesla (TSLA) reached totals of nearly 500,000 units for the year. Nio remains a leader in China, but the company is far behind Tesla as a global EV manufacturer. The company unveiled a new sedan called the ET7 at the fourth Nio Day on January 9. The EV will cost between $70K and $85K so the company isn’t going to catch up with competitors on volumes with the ET7. Possibly the biggest news was a 150 kilowatt-hour battery pack with a claimed range of 625 miles. Batter technology will remain a distinguishing factor in EV sales. Chinese Market Surge The Chinese EV market is set to surge to 1.8 million vehicles in 2021, up 40% from 1.3 million vehicles last year. Despite the 100% growth rate in 2021, Nio still only has a fraction of the business. While the company selling shares at only $39 last month now seems ill timed with the stock near $60, Nio is poised with capital to build out manufacturing and further attack a market where the company only has EV market share in the 3% range. The total Chinese vehicle market approaches 3 million units monthly so Nio hardly registers on total sales. Due to this vast opportunity, the company raised another $1.3 billion via convertible debt. In total, Nio has raised over $4 billion in the last month to fund growth. Analysts have sales nearly doubling to $4.6 billion this year and surging again to $7.5 billion in 2022. The greenfield market opportunity in China appears to easily support Nio reaching these sales targets. However, the stock has a market value of $90 billion, so it will dip on any missteps. Takeaway The key investor takeaway is that Nio appears poised to further capture market share in a growing Chinese EV market. The company continues to innovate in battery technology and autonomous driving. As always, Chinese stocks have additional risks due to regulatory concerns and transparency issues. Those interested in the Nio story and willing to take the risk should use any pain from news of new competitors entering the market as an opportunity to the EV stock. Overall, Wall Street is divided on NIO shares, a circumstance reflected in the Moderate Buy analyst consensus rating. That rating is based on 13 reviews, including 7 Buys and 6 Holds. (See NIO stock analysis on TipRanks) Disclosure: No position. Disclaimer: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities.

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  • TREASURIES-Treasuries slip after Yellen says tax cuts should be repealed

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  • Here are Wall Street’s favorite oil stocks for a 2021 recovery

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  • Keystone XL May Be Sold for Scrap If Biden Moves to Kill It

    (Bloomberg) -- The Canadian province that invested $1.1 billion of taxpayers’ money in the controversial Keystone XL project is now considering the sale of pipe and materials to try to recoup some funds.“If the project ends, there would be assets that could be sold, such as enormous quantities of pipe,” Alberta Premier Jason Kenney said in a press conference Monday. “That would offset construction costs.”With Joe Biden set to be sworn in this week, the U.S. president-elect’s campaign promise to cancel the crude pipeline’s license is haunting the Canadian oil sands industry. The decision may come via executive action on his first day in office, CBC News reported on Sunday, citing people it didn’t identify.Meanwhile, the government of Justin Trudeau vowed to defend the project.Alberta, home to the world’s third-largest crude reserves, has struggled for years with a lack of pipeline capacity to ship its crude to the U.S. Gulf Coast and other markets. TC Energy Corp.’s Keystone XL was one of the possible pipelines the industry was counting on to solve that.The cancellation of Keystone XL would cost Alberta taxpayers just over C$1 billion ($785 million), Kenney said.In March, Kenney’s government agreed to fund the first year of construction with a $1.1 billion investment and to guarantee $4.2 billion of loans as a way to jump-start construction.The province and TC Energy have a “solid legal basis” to recoup damages through the courts, Kenney also said.Canadian Energy Minister Seamus O’Regan said the federal government continues to support Keystone XL and will make the case for the project to the Biden administration.“Canadian oil is produced under strong environmental and climate policy frameworks, and this project will not only strengthen the vital Canada-U.S. energy relationship, but create thousands of good jobs for workers on both sides of the border,” said O’Regan in an email.Kenney stressed that the federal government had said the pipeline is the “the top priority” of Canada’s relationship with the U.S.“Sit down and review the many facts that have changed since KXL was proposed a decade ago,” Kenney said, citing reduced carbon emissions from the oil sands, labor agreements and an indigenous stake in the pipeline.More than a decade old, the Keystone XL project was first rejected by former-President Barack Obama due to concern about climate change, but his successor Donald Trump issued a new permit when he took office.The Canadian Association of Petroleum Producers said that canceling the project would kill thousands of jobs and offered to work with stakeholders to find a solution to complete the pipeline.From the archive: Why the Keystone XL Pipeline Project Is Controversial: QuickTakeFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • SPAC Churchill Capital declines comment on whether it is pursuing specific merger following 'unusual' trading of its stock

    Churchill Capital Corp IV , a special purpose acquisition corporation set up by former Citigroup Inc. banker Michael Klein, issued a statement on Tuesday in response to inquiries from shareholders and following what it called 'unusual trading' in its shares in recent sessions. The blank-check company, which was formed for the purpose of acquiring a business or businesses, said it is always reviewing a range of potential business combinations to find a best fit for its shareholders. "We do not generally comment on rumors and speculation and will not comment as to whether the company is or is not pursuing a specific business opportunity other than saying, as noted, we are always evaluating a number of potential business combinations," said the statement. Churchill shares have gained about 50% in the last three months, amid media reports that it is in talks for a merger with electric vehicle company Lucid Motors. Electric vehicles have become a major subject of speculation after Tesla Inc.'s more than 700% gains in the last 12 months.