0000928816-18-000020.txt : 20180112 0000928816-18-000020.hdr.sgml : 20180112 20180112090023 ACCESSION NUMBER: 0000928816-18-000020 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 13 FILED AS OF DATE: 20180112 DATE AS OF CHANGE: 20180112 EFFECTIVENESS DATE: 20180112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM INVESTMENT FUNDS CENTRAL INDEX KEY: 0000932101 IRS NUMBER: 043251560 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-56339 FILM NUMBER: 18524774 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE STREET 2: MAIL STOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921562 MAIL ADDRESS: STREET 1: PUTNAM EQUITY FUNDS STREET 2: ONE POST OFFICE SQUARE MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM EQUITY FUNDS DATE OF NAME CHANGE: 19941028 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM INVESTMENT FUNDS CENTRAL INDEX KEY: 0000932101 IRS NUMBER: 043251560 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-07237 FILM NUMBER: 18524775 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE STREET 2: MAIL STOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921562 MAIL ADDRESS: STREET 1: PUTNAM EQUITY FUNDS STREET 2: ONE POST OFFICE SQUARE MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM EQUITY FUNDS DATE OF NAME CHANGE: 19941028 0000932101 S000003850 Putnam International Capital Opportunities Fund C000010763 Class A Shares PNVAX C000010764 Class B Shares PVNBX C000010765 Class C Shares PUVCX C000010766 Class M shares PIVMX C000010767 Class R Shares PICRX C000010768 Class Y Shares PIVYX C000185380 Class T Shares 485BPOS 1 a_pifcvr.htm PUTNAM INVESTMENT FUNDS a_pifcvr.htm
As filed with the Securities and Exchange Commission
on January 12, 2018
 
Registration No. 33-56339 
811-07237 
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------
FORM N-1A
----------------
 
 
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933  / X / 
  ---- 
  ---- 
Pre-Effective Amendment No.  / / 
  ---- 
  ---- 
Post-Effective Amendment No. 192 / X / 
and  ---- 
  ---- 
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY  / X / 
ACT OF 1940  ---- 
  ---- 
Amendment No. 190 / X / 
(Check appropriate box or boxes)  ---- 
 
PUTNAM INVESTMENT FUNDS
(Exact name of registrant as specified in charter)
 
One Post Office Square, Boston, Massachusetts 02109
(Address of principal executive offices)
 
Registrant's Telephone Number, including Area Code
(617) 292-1000
--------------

 



    It is proposed that this filing will become effective 
    (check appropriate box) 
 
/  /  immediately upon filing pursuant to paragraph (b) 
 
/ X /  on December 30, 2017 pursuant to paragraph (b) 
 
/  /  60 days after filing pursuant to paragraph (a) (1) 
 
/  /  on (date) pursuant to paragraph (a) (1) 
 
/  /  75 days after filing pursuant to paragraph (a) (2) 
 
/  /  on (date) pursuant to paragraph (a) (2) of Rule 485. 
 
If appropriate, check the following box: 
 
/  /  this post-effective amendment designates a new 
effective date for a previously filed post-effective amendment. 
 
    -------------- 
    ROBERT T. BURNS, Vice President 
    PUTNAM INVESTMENT FUNDS 
    One Post Office Square 
    Boston, Massachusetts 02109 
    (Name and address of agent for service) 
    --------------- 
    Copy to: 
 
    BRYAN CHEGWIDDEN, Esquire 
    ROPES & GRAY LLP 
    1211 Avenue of the Americas 
    New York, New York 10036 
    --------------------- 
 
This Post-Effective Amendment relates solely to the Registrant's Putnam International Capital 
Opportunities Fund series. Information contained in the Registrant's Registration Statement 
relating to any other series of the Registrant is neither amended nor superseded hereby. 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Securities Act of 1933, as amended, and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Boston, and The Commonwealth of Massachusetts, on the 12th day of January, 2018.

 

Putnam Investment Funds

 

By: /s/ Jonathan S. Horwitz, Executive Vice President, Principal Executive Officer and Compliance Liaison

 

Pursuant to the requirements of the Securities Act of 1933, as amended, this Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the date indicated:

 

Signature Title

 

Jameson A. Baxter* Chair, Board of Trustees

 

Kenneth R. Leibler* Vice Chair, Board of Trustees

 

Robert L. Reynolds* President and Trustee

 

Jonathan S. Horwitz* Executive Vice President, Principal Executive Officer and Compliance Liaison

 

Janet C. Smith* Vice President, Principal Financial Officer, Principal Accounting Officer and Assistant Treasurer

 

Liaquat Ahamed* Trustee

 

Ravi Akhoury* Trustee

 

Barbara M. Baumann* Trustee

 

Katinka Domotorffy* Trustee

 

Catharine Bond Hill* Trustee

 

Paul L. Joskow* Trustee

 

Robert E. Patterson* Trustee

 

George Putnam, III* Trustee

 

Manoj P. Singh* Trustee

 

 

 

By: /s/ Jonathan S. Horwitz,
as Attorney-in-Fact
January 12, 2018

 

* Signed pursuant to power of attorney filed in Post-Effective Amendment No. 189 to the Registrant's Registration Statement on November 30, 2017.

 

EX-101.INS 2 pif-20171230.xml XBRL INSTANCE FILE 0000932101 2016-12-31 2017-12-30 0000932101 PIF:S000003850Member 2016-12-31 2017-12-30 0000932101 PIF:S000003850Member PIF:C000010763Member 2016-12-31 2017-12-30 0000932101 PIF:S000003850Member PIF:C000010764Member 2016-12-31 2017-12-30 0000932101 PIF:S000003850Member PIF:C000010765Member 2016-12-31 2017-12-30 0000932101 PIF:S000003850Member PIF:C000010766Member 2016-12-31 2017-12-30 0000932101 PIF:S000003850Member PIF:C000010767Member 2016-12-31 2017-12-30 0000932101 PIF:S000003850Member PIF:C000010768Member 2016-12-31 2017-12-30 0000932101 PIF:S000003850Member PIF:C000010763Member rr:AfterTaxesOnDistributionsMember 2016-12-31 2017-12-30 0000932101 PIF:S000003850Member PIF:C000010763Member rr:AfterTaxesOnDistributionsAndSalesMember 2016-12-31 2017-12-30 0000932101 PIF:S000003850Member PIF:SPDevelopedExUSSmallCapIndexMember 2016-12-31 2017-12-30 0000932101 PIF:S000003850Member PIF:C000185380Member 2016-12-31 2017-12-30 iso4217:USD xbrli:pure 485BPOS 2016-12-31 PUTNAM INVESTMENT FUNDS 0000932101 false PIF 2018-01-02 2017-12-30 2017-12-30 <b>Fund summary</b> <b>Goal</b> <b>Fees and expenses</b> <b>Shareholder fees </b><i>(fees paid directly from your investment) <b>Annual fund operating expenses </b><i>(expenses you pay each year as a percentage of the value of your investment)</i> 0.0575 0 0 0.0350 0 0 0.0250 0.0100 0.0500 0.0100 0 0 0 0 <div style="display: none">~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact PIF_S000003850Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <b>Example</b> <b>Portfolio turnover</b> 1.03 You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in <font style="font-weight: normal"><i>How do I buy fund shares?</i></font> beginning on page 13 of the fund&#8217;s prospectus, in the Appendix to the fund&#8217;s prospectus, and in <font style="font-weight: normal"><i>How to buy shares</i></font> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). 50000 <b>Investments, risks, and performance<br /> <br /> Investments</b> <b>Risks</b> It is important to understand that you can lose money by investing in the fund. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <b>Performance</b> The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#146;s performance year to year and over time. putnam.com Please remember that past performance is not necessarily an indication of future results. <b>Annual total returns for class A shares before sales charges</b> Year-to-date performance<br /><b>through 9/30/17&#160;&#160;&#160;&#160;26.47%<br /><br /></b>Best calendar quarter<br /><b>Q2 2009&#160;&#160;&#160;36.85%<br /><br /></b>Worst calendar quarter<br /><b>Q3 2008 &#160;&#160;&#160;&#160;&#150;25.73%</b> Year-to-date performance through 2017-09-30 Best calendar quarter 2009-06-30 Worst calendar quarter 2008-09-30 0.2647 0.3685 -0.2573 <b>Average annual total returns after sales charges </b><i>(for periods ending 12/31/16)</i> After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PIF_S000003850Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PIF_S000003850Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PIF_S000003850Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> 0.0887 -0.4847 0.5676 0.1870 -0.2125 0.2219 0.2377 -0.1343 0.0228 <div style="display: none">~ http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact PIF_S000003850Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column dei_LegalEntityAxis compact PIF_S000003850Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Putnam International Capital Opportunities Fund seeks long-term capital appreciation. The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in <font style="font-weight: normal"><i>How do I buy fund shares?</i></font> beginning on page 13 of the fund&#8217;s prospectus, in the Appendix to the fund&#8217;s prospectus, and in <font style="font-weight: normal"><i>How to buy shares</i></font> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). 0.0069 0.0069 0.0069 0.0069 0.0069 0.0069 0.0069 0.0025 0.0100 0.0100 0.0075 0.0050 0.0025 0.0035 0.0035 0.0035 0.0035 0.0035 0.0035 0.0035 0.0129 0.0204 0.0204 0.0179 0.0154 0.0104 0.0129 The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund&#8217;s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund&#8217;s turnover rate in the most recent fiscal year was 103%. We invest mainly in common stocks (growth or value stocks or both) of small and midsize companies outside the United States that we believe have favorable investment potential. For example, we may purchase stocks of companies with stock prices that reflect a value lower than that which we place on the company. We may also consider other factors that we believe will cause the stock price to rise. We invest mainly in developed countries, but may invest in emerging markets. We may consider, among other factors, a company&#8217;s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. We may also use derivatives such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes. It is important to understand that you can lose money by investing in the fund.<br /> <br /> The value of stocks in the fund&#8217;s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general financial market conditions, changing market perceptions, changes in government intervention in the financial markets, and factors related to a specific issuer or industry. These and other factors may lead to increased volatility and reduced liquidity in the fund&#8217;s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies.<br /> <br /> The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation), and may be or become illiquid.<br /> <br /> Our use of derivatives may increase the risks of investing in the fund by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.<br /> <br /> The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;s performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com. -0.0288 0.0008 0.0006 -0.0008 -0.0019 0.0042 0.0092 -0.0012 0.0030 0.0303 0.0042 0.0416 0.0426 0.0461 0.0412 0.0514 0.0566 0.0391 0.0344 0.0967 0.0486 -0.0847 -0.0836 -0.0458 -0.0677 -0.0312 -0.0264 -0.0886 -0.0421 0.0378 -0.0531 After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor&#8217;s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.<br /> <br /> Class B share performance reflects conversion to class A shares after eight years. 2042 2176 2369 2382 1834 1271 1768 1242 1298 1098 1286 839 574 940 960 940 640 894 486 331 649 699 707 307 526 157 106 378 2176 2369 1098 1098 640 640 207 207 The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund&#8217;s operating expenses remain the same. Your actual costs may be higher or lower. Applies only to certain redemptions of shares bought with no initial sales charge. This charge is phased out over six years. This charge is eliminated after one year. Management fees reflect a performance adjustment. The fund's base management fee is subject to adjustment, up or down, based on the fund's performance relative to the performance of the S&P Developed Ex-U.S. SmallCap Index. For the most recent fiscal year, the fund's base management fee prior to any performance adjustment was 0.925 %. Other expenses are based on expenses of class A shares for the fund's last fiscal year. Class T shares were not outstanding during the periods shown. Performance shown for class T shares is derived from the historical performance of class A shares, adjusted for the lower initial sales charge currently applicable to class T shares. EX-101.SCH 3 pif-20171230.xsd XBRL SCHEMA FILE EX-101.DEF 4 pif-20171230_def.xml XBRL DEFINITION FILE EX-101.LAB 5 pif-20171230_lab.xml XBRL LABEL FILE Legal Entity [Axis] Putnam International Capital Opportunities Fund Share Class [Axis] Class A Class B Class C Class M Class R Class Y Performance Measure [Axis] after taxes on distributions after taxes on distributions and sale of fund shares S&P Developed Ex-U.S. SmallCap Index (no deduction for fees, expenses or taxes) Putnam International Capital Opportunities Class T Shares Risk/Return [Heading] Objective [Heading] Objective, Primary [Text Block] Objective, Secondary [Text Block] Expense [Heading] Expense Narrative [Text Block] Shareholder Fees Caption [Text] Shareholder Fees [Table] Operating Expenses Caption [Text] Annual Fund Operating Expenses [Table] Expense Footnotes [Text Block] Expenses Deferred Charges [Text Block] Expenses Range of Exchange Fees [Text Block] Expense Example [Heading] Expense Example by Year [Heading] 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Charge (as a percentage of Offering Price) Maximum Cumulative Sales Charge (as a percentage) Maximum sales charge (load) imposed on purchases (as a percentage of offering price) Maximum Deferred Sales Charge (as a percentage of Offering Price) Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) Maximum Sales Charge on Reinvested Dividends and Distributions (as a percentage) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee Exchange Fee (as a percentage of Amount Redeemed) Exchange Fee Maximum Account Fee (as a percentage of Assets) Maximum Account Fee Shareholder Fee, Other Class T Operating Expenses Column [Text] Management fees Distribution and service (12b-1) fees Distribution or Similar (Non 12b-1) Fees Component1 Other Expenses Component2 Other Expenses Component3 Other Expenses Other expenses Acquired Fund Fees and Expenses Total annual fund operating expenses Fee Waiver or Reimbursement Net Expenses (as a percentage of Assets) Expense Example, By Year, Column [Text] Expense Example, with Redemption, 1 Year Expense Example, with Redemption, 3 Years Expense Example, with Redemption, 5 Years Expense Example, with Redemption, 10 Years Expense Example, No Redemption, By Year, Column [Text] Expense Example, No Redemption, 1 Year Expense Example, No Redemption, 3 Years Expense Example, No Redemption, 5 Years Expense Example, No Redemption, 10 Years Annual Return Caption [Text] Annual Return, Column [Text] Annual Return, Inception Date Annual Return 1990 Annual Return 1991 Annual Return 1992 Annual Return 1993 Annual Return 1994 Annual Return 1995 Annual Return 1996 Annual Return 1997 Annual Return 1998 Annual Return 1999 Annual Return 2000 Annual Return 2001 Annual Return 2002 Annual Return 2003 Annual Return 2004 Annual Return 2005 Annual Return 2006 Annual Return 2007 Annual Return 2008 Annual Return 2009 Annual Return 2010 Annual Return 2011 Annual Return 2012 Annual Return 2013 Annual Return 2014 Annual Return 2015 Annual Return 2016 Annual Return 2017 Annual Return 2018 Annual Return 2019 Annual Return 2020 Label 1 Year 5 Years 10 Years Since Inception Inception Date Risk/Return Detail [Table] Document Type Document Period End Date Registrant Name Central Index Key Amendment Flag Amendment Description Trading Symbol Document Creation Date Document Effective Date Prospectus Date Fee Waiver or Reimbursement over Assets, Date of Termination Portfolio Turnover, Rate Expense Breakpoint Discounts [Text] Expense Breakpoint, Minimum Investment Required [Amount] Expense Exchange Traded Fund Commissions [Text] Expenses Represent Both Master and Feeder [Text] Expenses Explanation of Nonrecurring Account Fee [Text] Other Expenses, New Fund, Based on Estimates [Text] Acquired Fund Fees and Expenses, Based on Estimates [Text] Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] Expenses Restated to Reflect Current [Text] Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] Strategy Portfolio Concentration [Text] Risk Lose Money [Text] Risk Nondiversified Status [Text] Risk Money Market Fund [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Performance Information Illustrates Variability of Returns [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Performance Availability Phone [Text] Performance Availability Website Address [Text] Performance Past Does Not Indicate Future [Text] Bar Chart Does Not Reflect Sales Loads [Text] Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] Bar Chart, Returns for Class Not Offered in Prospectus [Text] Year to Date Return, Label Bar Chart, Year to Date Return, Date Bar Chart, Year to Date Return Highest Quarterly Return, Label Highest Quarterly Return, Date Highest Quarterly Return Lowest Quarterly Return, Label Lowest Quarterly Return, Date Lowest Quarterly Return Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Index No Deduction for Fees, Expenses, Taxes [Text] Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table One Class of after Tax Shown [Text] Performance Table Explanation after Tax Higher Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text] Caption Column Money Market Seven Day Yield, Caption [Text] Money Market Seven Day Yield Column [Text] Money Market Seven Day Yield Phone Money Market Seven Day Yield Money Market Seven Day Tax Equivalent Yield Thirty Day Yield Caption Thirty Day Yield Column [Text] Thirty Day Yield Phone Thirty Day Yield Thirty Day Tax Equivalent Yield Putnam International Capital Opportunities Fund Class A Class B Class C Class M Class R Class Y SP Developed Ex-U.S. SmallCap Index Class EX-101.PRE 6 pif-20171230_pre.xml XBRL PRESENTATION FILE GRAPHIC 8 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Putnam International Capital Opportunities Fund
Fund summary
Goal
Putnam International Capital Opportunities Fund seeks long-term capital appreciation.
Fees and expenses
The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 13 of the fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI).
Shareholder fees (fees paid directly from your investment)
Shareholder Fees - Putnam International Capital Opportunities Fund
Class A
Class B
Class C
Class M
Class R
Class T
Class Y
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) 5.75% none none 3.50% none 2.50% none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) 1.00% [1] 5.00% [2] 1.00% [3] none none none none
[1] Applies only to certain redemptions of shares bought with no initial sales charge.
[2] This charge is phased out over six years.
[3] This charge is eliminated after one year.
Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Putnam International Capital Opportunities Fund
Class A
Class B
Class C
Class M
Class R
Class T
Class Y
Management fees [1] 0.69% 0.69% 0.69% 0.69% 0.69% 0.69% 0.69%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75% 0.50% 0.25%  
Other expenses 0.35% 0.35% 0.35% 0.35% 0.35% 0.35% [2] 0.35%
Total annual fund operating expenses 1.29% 2.04% 2.04% 1.79% 1.54% 1.29% 1.04%
[1] Management fees reflect a performance adjustment. The fund's base management fee is subject to adjustment, up or down, based on the fund's performance relative to the performance of the S&P Developed Ex-U.S. SmallCap Index. For the most recent fiscal year, the fund's base management fee prior to any performance adjustment was 0.925 %.
[2] Other expenses are based on expenses of class A shares for the fund's last fiscal year.
Example
The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Expense Example - Putnam International Capital Opportunities Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 699 960 1,242 2,042
Class B 707 940 1,298 2,176
Class C 307 640 1,098 2,369
Class M 526 894 1,286 2,382
Class R 157 486 839 1,834
Class T 378 649 940 1,768
Class Y 106 331 574 1,271
Expense Example, No Redemption - Putnam International Capital Opportunities Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 207 640 1,098 2,176
Class C 207 640 1,098 2,369
Portfolio turnover
The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 103%.
Investments, risks, and performance

Investments
We invest mainly in common stocks (growth or value stocks or both) of small and midsize companies outside the United States that we believe have favorable investment potential. For example, we may purchase stocks of companies with stock prices that reflect a value lower than that which we place on the company. We may also consider other factors that we believe will cause the stock price to rise. We invest mainly in developed countries, but may invest in emerging markets. We may consider, among other factors, a company’s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. We may also use derivatives such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes.
Risks
It is important to understand that you can lose money by investing in the fund.

The value of stocks in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general financial market conditions, changing market perceptions, changes in government intervention in the financial markets, and factors related to a specific issuer or industry. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies.

The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation), and may be or become illiquid.

Our use of derivatives may increase the risks of investing in the fund by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.

The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Performance
The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com.
Annual total returns for class A shares before sales charges
Bar Chart
Year-to-date performance
through 9/30/17    26.47%

Best calendar quarter
Q2 2009   36.85%

Worst calendar quarter
Q3 2008     –25.73%
Average annual total returns after sales charges (for periods ending 12/31/16)
Average Annual Total Returns - Putnam International Capital Opportunities Fund
1 Year
5 Years
10 Years
Class A (8.47%) 4.16% 0.08%
Class A | after taxes on distributions (8.86%) 3.91% (0.12%)
Class A | after taxes on distributions and sale of fund shares (4.21%) 3.44% 0.30%
Class B (8.36%) 4.26% 0.06%
Class C (4.58%) 4.61% (0.08%)
Class M (6.77%) 4.12% (0.19%)
Class R (3.12%) 5.14% 0.42%
Class T [1] (5.31%) 4.86% 0.42%
Class Y (2.64%) 5.66% 0.92%
S&P Developed Ex-U.S. SmallCap Index (no deduction for fees, expenses or taxes) 3.78% 9.67% 3.03%
[1] Class T shares were not outstanding during the periods shown. Performance shown for class T shares is derived from the historical performance of class A shares, adjusted for the lower initial sales charge currently applicable to class T shares.
After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.
XML 10 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Risk Return Abstract rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Dec. 31, 2016
Registrant Name dei_EntityRegistrantName PUTNAM INVESTMENT FUNDS
Central Index Key dei_EntityCentralIndexKey 0000932101
Amendment Flag dei_AmendmentFlag false
Trading Symbol dei_TradingSymbol PIF
Document Creation Date dei_DocumentCreationDate Jan. 02, 2018
Document Effective Date dei_DocumentEffectiveDate Dec. 30, 2017
Prospectus Date rr_ProspectusDate Dec. 30, 2017
Putnam International Capital Opportunities Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary
Objective [Heading] rr_ObjectiveHeading Goal
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Putnam International Capital Opportunities Fund seeks long-term capital appreciation.
Expense [Heading] rr_ExpenseHeading Fees and expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 13 of the fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI).
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 103%.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 103.00%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 13 of the fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI).
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Strategy [Heading] rr_StrategyHeading Investments, risks, and performance

Investments
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock We invest mainly in common stocks (growth or value stocks or both) of small and midsize companies outside the United States that we believe have favorable investment potential. For example, we may purchase stocks of companies with stock prices that reflect a value lower than that which we place on the company. We may also consider other factors that we believe will cause the stock price to rise. We invest mainly in developed countries, but may invest in emerging markets. We may consider, among other factors, a company’s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. We may also use derivatives such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes.
Risk [Heading] rr_RiskHeading Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock It is important to understand that you can lose money by investing in the fund.

The value of stocks in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general financial market conditions, changing market perceptions, changes in government intervention in the financial markets, and factors related to a specific issuer or industry. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. These risks are generally greater for small and midsize companies.

The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation), and may be or become illiquid.

Our use of derivatives may increase the risks of investing in the fund by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.

The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney It is important to understand that you can lose money by investing in the fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress putnam.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Please remember that past performance is not necessarily an indication of future results.
Bar Chart [Heading] rr_BarChartHeading Annual total returns for class A shares before sales charges
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart does not reflect the impact of sales charges. If it did, performance would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Year-to-date performance
through 9/30/17    26.47%

Best calendar quarter
Q2 2009   36.85%

Worst calendar quarter
Q3 2008     –25.73%
Year to Date Return, Label rr_YearToDateReturnLabel Year-to-date performance through
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2017
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 26.47%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best calendar quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 36.85%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst calendar quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (25.73%)
Performance Table Heading rr_PerformanceTableHeading Average annual total returns after sales charges (for periods ending 12/31/16)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for class A shares only and will vary for other classes.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.
Putnam International Capital Opportunities Fund | Class A  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management fees rr_ManagementFeesOverAssets 0.69% [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.35%
Total annual fund operating expenses rr_ExpensesOverAssets 1.29%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 699
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 960
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,242
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,042
Annual Return 2007 rr_AnnualReturn2007 8.87%
Annual Return 2008 rr_AnnualReturn2008 (48.47%)
Annual Return 2009 rr_AnnualReturn2009 56.76%
Annual Return 2010 rr_AnnualReturn2010 18.70%
Annual Return 2011 rr_AnnualReturn2011 (21.25%)
Annual Return 2012 rr_AnnualReturn2012 22.19%
Annual Return 2013 rr_AnnualReturn2013 23.77%
Annual Return 2014 rr_AnnualReturn2014 (13.43%)
Annual Return 2015 rr_AnnualReturn2015 2.28%
Annual Return 2016 rr_AnnualReturn2016 (2.88%)
1 Year rr_AverageAnnualReturnYear01 (8.47%)
5 Years rr_AverageAnnualReturnYear05 4.16%
10 Years rr_AverageAnnualReturnYear10 0.08%
Putnam International Capital Opportunities Fund | Class B  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 5.00% [3]
Management fees rr_ManagementFeesOverAssets 0.69% [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.35%
Total annual fund operating expenses rr_ExpensesOverAssets 2.04%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 707
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 940
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,298
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,176
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 207
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 640
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,098
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,176
1 Year rr_AverageAnnualReturnYear01 (8.36%)
5 Years rr_AverageAnnualReturnYear05 4.26%
10 Years rr_AverageAnnualReturnYear10 0.06%
Putnam International Capital Opportunities Fund | Class C  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 1.00% [4]
Management fees rr_ManagementFeesOverAssets 0.69% [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.35%
Total annual fund operating expenses rr_ExpensesOverAssets 2.04%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 307
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 640
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,098
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,369
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 207
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 640
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,098
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,369
1 Year rr_AverageAnnualReturnYear01 (4.58%)
5 Years rr_AverageAnnualReturnYear05 4.61%
10 Years rr_AverageAnnualReturnYear10 (0.08%)
Putnam International Capital Opportunities Fund | Class M  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 3.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees rr_ManagementFeesOverAssets 0.69% [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.35%
Total annual fund operating expenses rr_ExpensesOverAssets 1.79%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 526
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 894
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,286
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,382
1 Year rr_AverageAnnualReturnYear01 (6.77%)
5 Years rr_AverageAnnualReturnYear05 4.12%
10 Years rr_AverageAnnualReturnYear10 (0.19%)
Putnam International Capital Opportunities Fund | Class R  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees rr_ManagementFeesOverAssets 0.69% [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.35%
Total annual fund operating expenses rr_ExpensesOverAssets 1.54%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 157
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 486
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 839
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,834
1 Year rr_AverageAnnualReturnYear01 (3.12%)
5 Years rr_AverageAnnualReturnYear05 5.14%
10 Years rr_AverageAnnualReturnYear10 0.42%
Putnam International Capital Opportunities Fund | Class T  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 2.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees rr_ManagementFeesOverAssets 0.69% [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.35% [5]
Total annual fund operating expenses rr_ExpensesOverAssets 1.29%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 378
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 649
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 940
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,768
1 Year rr_AverageAnnualReturnYear01 (5.31%) [6]
5 Years rr_AverageAnnualReturnYear05 4.86% [6]
10 Years rr_AverageAnnualReturnYear10 0.42% [6]
Putnam International Capital Opportunities Fund | Class Y  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees rr_ManagementFeesOverAssets 0.69% [2]
Other expenses rr_OtherExpensesOverAssets 0.35%
Total annual fund operating expenses rr_ExpensesOverAssets 1.04%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 106
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 331
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 574
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,271
1 Year rr_AverageAnnualReturnYear01 (2.64%)
5 Years rr_AverageAnnualReturnYear05 5.66%
10 Years rr_AverageAnnualReturnYear10 0.92%
Putnam International Capital Opportunities Fund | after taxes on distributions | Class A  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (8.86%)
5 Years rr_AverageAnnualReturnYear05 3.91%
10 Years rr_AverageAnnualReturnYear10 (0.12%)
Putnam International Capital Opportunities Fund | after taxes on distributions and sale of fund shares | Class A  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (4.21%)
5 Years rr_AverageAnnualReturnYear05 3.44%
10 Years rr_AverageAnnualReturnYear10 0.30%
Putnam International Capital Opportunities Fund | S&P Developed Ex-U.S. SmallCap Index (no deduction for fees, expenses or taxes)  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 3.78%
5 Years rr_AverageAnnualReturnYear05 9.67%
10 Years rr_AverageAnnualReturnYear10 3.03%
[1] Applies only to certain redemptions of shares bought with no initial sales charge.
[2] Management fees reflect a performance adjustment. The fund's base management fee is subject to adjustment, up or down, based on the fund's performance relative to the performance of the S&P Developed Ex-U.S. SmallCap Index. For the most recent fiscal year, the fund's base management fee prior to any performance adjustment was 0.925 %.
[3] This charge is phased out over six years.
[4] This charge is eliminated after one year.
[5] Other expenses are based on expenses of class A shares for the fund's last fiscal year.
[6] Class T shares were not outstanding during the periods shown. Performance shown for class T shares is derived from the historical performance of class A shares, adjusted for the lower initial sales charge currently applicable to class T shares.
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