0000928816-11-000508.txt : 20110411 0000928816-11-000508.hdr.sgml : 20110408 20110411120637 ACCESSION NUMBER: 0000928816-11-000508 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110411 DATE AS OF CHANGE: 20110411 EFFECTIVENESS DATE: 20110411 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM EUROPE EQUITY FUND CENTRAL INDEX KEY: 0000842940 IRS NUMBER: 043083315 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-25658 FILM NUMBER: 11752023 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQUARE STREET 2: MAILSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 8002551581 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM EUROPE GROWTH FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM EUROPE FUND DATE OF NAME CHANGE: 19900726 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM GOVERNMENT INCOME FUND DATE OF NAME CHANGE: 19900412 0000842940 S000005589 PUTNAM EUROPE EQUITY FUND C000015252 Class M Shares PEUMX 497 1 a_euroeqsarsrs.htm PUTNAM EUROPE EQUITY FUND a_euroeqsarsrs.htm
[MHM March 31, 2011] 
[Translation] 
 
 
 
 
SEMI-ANNUAL REPORT
(During The 17th Term)
From: July 1, 2010
To: December 31, 2010
 
AMENDMENT TO SECURITIES REGISTRATION STATEMENT
(For NAV Sale)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUTNAM EUROPE EQUITY FUND

 


SEMI-ANNUAL REPORT
(During The Seventeenth Term) 
From: July 1, 2010
To: December 31, 2010
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUTNAM EUROPE EQUITY FUND 

 


i 

 

SEMI-ANNUAL REPORT 
(During The Seventeenth Term) 
From: July 1, 2010
To: December 31, 2010

 

To: Director of Kanto Local Finance Bureau

  Filing Date: March 31, 2011 
 
Name of the Fund:  PUTNAM EUROPE EQUITY FUND 
 
Name of the Registrant Company:  PUTNAM EUROPE EQUITY FUND 
 
Name and Official Title of Representative  Jonathan S. Horwitz 
of Trustees:  Executive Vice President, Treasurer, Principal 
  Executive Officer and Compliance Liaison 
 
Address of Principal Office:  One Post Office Square 
  Boston, Massachusetts 02109 
  U. S. A. 
 
Name and Title of Registration Agent:  Harume Nakano 
  Attorney-at-Law 
 
  Ken Miura 
  Attorney-at-Law 
 
Address or Place of Business  Marunouchi Park Building, 
  6-1, Marunouchi 2-chome 
  Chiyoda-ku, Tokyo 
 
Name of Liaison Contact:  Harume Nakano 
  Ken Miura 
  Attorneys-at-Law 
 
Place of Liaison Contact:  Mori Hamada & Matsumoto 
  Marunouchi Park Building, 
  6-1, Marunouchi 2-chome 
  Chiyoda-ku, Tokyo 
 
Phone Number:  03-6212-8316 

 

Places where a copy of this Semi-annual Report is available for Public Inspection 
 
Not applicable.

 


1 

 

I. STATUS OF INVESTMENT PORTFOLIO OF THE FUND ("Putnam Europe Equity Fund") (the "Fund")

(1) Diversification of Investment Portfolio

Diversification of Investment Portfolio by Types of Assets and geographic Regions:

      (As of the end of January 2011) 
        Investment 
Types of Assets  Issue Country    Total USD  Ratio (%) 
Common Stock  United Kingdom  $     55,373,982  27.12 
  Germany    41,547,349  20.35 
  France    28,010,762  13.72 
  Netherlands    19,923,129  9.76 
  Switzerland    14,335,672  7.02 
  Italy    7,976,992  3.91 
  Ireland    5,943,446  2.91 
  Finland    5,404,818  2.65 
  Spain    5,298,551  2.59 
  Russia    4,809,271  2.36 
  Belgium    4,740,053  2.32 
  Denmark    2,008,245  0.98 
  Sweden    1,694,969  0.83 
  Poland    1,483,459  0.73 
  Israel    1,475,550  0.72 
  Brazil    1,389,850  0.68 
  China    1,025,862  0.50 
  Turkey    967,839  0.47 
  Portugal    962,491  0.47 
Sub-total    $     204,372,290  100.09 
Cash, Deposit and Other         
Assets (After deduction of liabilities)    (183,972)  -0.09 
Total    $     204,188,318  100.00 
(Net Asset Value)    JPY   16,769,986,557   

 

Note 1: Investment ratio is calculated by dividing each asset at its market value by the total Net Asset Value of the Fund.

Note 2: The exchange rate of U.S. dollars ("Dollar" or "$") into Japanese Yen is JPY 82.13 for one U.S. Dollar, which is the actual middle point between the selling and buying currency rate by telegraphic transfer on January 31, 2011 quoted by The Bank of Tokyo-Mitsubishi UFJ, Ltd. The same applies hereinafter.

Note 3: In this report, money amounts and percentages ending in the numeral 5 or higher have been rounded up to 10 and otherwise rounded down. Therefore, there are cases in which the amount for the "total” column is not equal to the aggregate amount. Also, conversion into other currencies is done by simply multiplying the corresponding amount by the conversion rate specified and rounding the resulting number up to 10 if the amount ends in the numeral 5 or higher and is otherwise rounded down when necessary. As a result, in this report, there are


2 

 

cases in which Japanese yen figures for the same information differ from each other.


3 

 

(2) Results of Past Operations

a. Record of Changes in Net Assets (Class M Shares)

Record of changes in net assets during the one-year period up to and including the end of January 2011 is as follows:

  Total Net Asset Value  Net Asset Value per Share
  USD   JPY      
    (thousands)  (millions)     USD  JPY 
2010 End of February  3,900  320  17.42  1,431 
March  4,157  341  18.62  1,529 
April  3,830  315  18.08  1,485 
May  3,430  282  15.92  1,308 
June  3,250  267  15.65  1,285 
July  3,497  287  17.57  1,443 
August  3,320  273  16.76  1,376 
September  3,642  299  18.77  1,542 
October  3,794  312  19.70  1,618 
November  3,483  286  18.40  1,511 
December  3,763  309  19.64  1,613 
2011 End of January  3,790  311  20.37  1,673 

 

b. Record of Distributions Paid (Class M Shares)

Fiscal Year  Amount paid per Share  Capital Gains 
The Sixteenth Fiscal Year     
(7/1/09-6/30/10)  $0.0050 (JPY 0.41)  $0.0000 (JPY 0.00) 

 


4 

 

Note: Record of distribution paid from December 2001 to December 2010 is as follows:

  Dividend NAV per Share 
Ex-dividend Date   USD  Yen  USD 
2001 December 20  $0.0120  0.99  $16.78 
2002 December 20  $0.1270  10.43  $13.61 
2003 December 18  $0.2040  16.75  $17.20 
2004 December 21  $0.0920  7.56  $20.31 
2005 December 20  $0.1520  12.48  $22.65 
2006 December 19  $0.4730  38.85  $29.70 
2007 December 20  $5.3959  443.17  $25.43 
2008 December 20  *$0.0000  0.00  $14.17 
2009 December 18  $0.0050  0.41  $18.50 
2010 December 22  $0.2680  22.01  $19.41 

 

*Due to an absence of capital gains, the Fund did not have a year-end distribution in 2008.

c. Record of Return Rate (Class M Shares)

Period  Return Rate (*) 
February 1, 2010 –January 31, 2011  16.28% 

 

(*)  *Return Rate (%) ={[ [ Ending NAV * A] ] / Beginning NAV] – 1}*100

“A” shall be obtained by multiplying together all the amounts of such dividend as distributed during the period divided by the net asset value per share on the ex-dividend day of the relevant distribution plus 1.

Provided that Beginning NAV means net asset value per share on January 31, 2010 and Ending NAV means net asset value per share on January 31, 2011.


5 

 

II. RECORD OF SALES AND REPURCHASES (Class M Shares)

Record of sales and repurchases during the one year period up to and including the end of January 2011 and number of outstanding shares of the Fund as of the end of January 2011 are as follows:

(2/1/10 – 1/31/11)

Number of Shares  Number of Shares  Number of 
Sold  Repurchased  Outstanding Shares 
19,425  62,578  186,034 
(15,950)  (34,470)  (56,060) 

 

Note: The number of Shares sold, repurchased and outstanding in the parentheses represents those sold, repurchased and outstanding in Japan.

III. FINANCIAL CONDITIONS OF THE FUND

Translation of unaudited semi-annual accounts will be attached to the Japanese version of the Semi-annual Report.

IV. OUTLINE OF THE MANAGEMENT COMPANY

(1) Amount of Capital Stock

1 Fund

Not applicable (as of the end of January, 2011).

2 Putnam Investment Management, LLC ("Investment Management Company")

a. Amount of member’s equity (as of the end of January, 2011) $92,243,775*(approximately JPY7.6 billion)

b. Amount of member’s equity for the past five years:

Year  Member’s Equity 
 
End of 2006  $70,594,104 
End of 2007  $117,226,875 
End of 2008  $58,526,939 
End of 2009  $69,079,977 
End of 2010  $82,851,104* 

 

*Unaudited


6 

 

(2) Description of Business and Conditions of Operation

1 Fund

The Fund may carry out any administrative and managerial act, including the purchase, sale, subscription and exchange of any securities and the exercise of all rights directly or indirectly pertaining to the Fund's assets. The Fund has retained Putnam Investment Management, LLC, the investment adviser, to render investment advisory services, State Street Bank and Trust Company, to hold the assets of the Fund in custody and Putnam Investor Services, Inc., to act as Investor Servicing Agent.

Putnam Investment Management LLC has retained its affiliate, Putnam Investments Limited (Sub-Investment Management Company), to manage a separate portion of the assets of the Fund subject to its supervision.

Putnam Investment Management LLC and Putnam Investments Limited have retained their affiliate, The Putnam Advisory Company, LLC (Sub-Advisory Company), to manage a separate portion of the assets of the Fund subject to to their supervision.

2 Putnam Investment Management, LLC ("Investment Management Company")

Investment Management Company is engaged in the business of providing investment management and investment advisory services to mutual funds. As of the end of January 2011, Investment Management Company managed, advised, and/or administered the following 104 funds and fund portfolios (having an aggregate net asset value of approximately $67.6 billion):

      (As of January 31, 2011) 
Country where Funds are  Principal Characteristic  Number of Funds  Net Asset Value 
established or managed      (million dollars) 
  Closed End Type Bond Fund  5  $2,606.17 
 
  Open End Type Balanced Fund  15  $16,556.78 
 
U.S.A.       
  Open End Type Bond Fund  35  $24.978.31 
 
  Open End Type Equity Fund  49  $23,439.07 
  Total  104  $67,580.33 

 

(3) Miscellaneous

1 Fund

Litigation, etc.

In late 2003 and 2004, the Investment Management Company settled charges brought by the SEC and the Massachusetts Securities Division in connection with excessive short-term trading in Putnam funds. Distribution of payments from the Investment Management Company to certain open-end Putnam funds and their


7 

 

shareholders is expected to be completed in the next several months. These allegations and related matters have served as the general basis for certain lawsuits, including purported class action lawsuits against the Investment Management Company and, in a limited number of cases, some Putnam funds. The Investment Management Company believes that these lawsuits will have no material adverse effect on the funds or on the Investment Management Company’s ability to provide investment management services. In addition, the Investment Management Company has agreed to bear any costs incurred by the Putnam funds as a result of these matters.

2 Putnam Investment Management, LLC ("Investment Management Company")

Litigation, etc.

In late 2003 and 2004, the Investment Management Company settled charges brought by the SEC and the Massachusetts Securities Division in connection with excessive short-term trading in Putnam funds. Distribution of payments from the Investment Management Company to certain open-end Putnam funds and their shareholders is expected to be completed in the next several months. These allegations and related matters have served as the general basis for certain lawsuits, including purported class action lawsuits against the Investment Management Company and, in a limited number of cases, some Putnam funds. The Investment Management Company believes that these lawsuits will have no material adverse effect on the funds or on the Investment Management Company’s ability to provide investment management services. In addition, the Investment Management Company has agreed to bear any costs incurred by the Putnam funds as a result of these matters.

V. OUTLINE OF THE FINANCIAL STATUS OF THE MANAGEMENT COMPANY

[Translation of unaudited semi-annual accounts of the Investment Management Company will be attached to the Japanese version of the Semi-annual Report.]


[MHM March 31, 2011] 
[Translation] 
 
 
 
 
AMENDMENT TO SECURITIES REGISTRATION STATEMENT
(For NAV Sale)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUTNAM EUROPE EQUITY FUND

 


AMENDMENT TO SECURITIES REGISTRATION STATEMENT 
(For NAV Sale)

 

To: Director of Kanto Local Finance Bureau

  Filing Date: March 31, 2011 
 
Name of the Registrant Company:  PUTNAM EUROPE EQUITY FUND 
 
Name and Official Title of Representative  Jonathan S. Horwitz 
of Trustees:  Executive Vice President, Treasurer, Principal 
  Executive Officer and Compliance Liaison 
 
Address of Principal Office:  One Post Office Square 
  Boston, Massachusetts 02109 
  U. S. A. 
 
Name and Title of Registration Agent:  Harume Nakano 
  Attorney-at-Law 
 
  Ken Miura 
  Attorney-at-Law 
 
Address or Place of Business  Marunouchi Park Building 
  6-1, Marunouchi 2-chome 
  Chiyoda-ku, Tokyo 
 
Name of Liaison Contact:  Harume Nakano 
  Ken Miura 
  Attorneys-at-Law 
 
Place of Liaison Contact:  Mori Hamada & Matsumoto 
  Marunouchi Kitaguchi Building 
  6-1, Marunouchi 2-chome 
  Chiyoda-ku, Tokyo 
 
Phone Number:  03-6212-8316 

 


- ii - 

 

Name of the Fund Making Public Offering or Sale of Foreign Investment Fund Securities:

PUTNAM EUROPE EQUITY FUND

Aggregate Amount of Foreign Investment Fund Securities to be Publicly Offered or Sold:

Up to 985.00 million U.S. dollars (JPY 80.9 billion)

Note : U.S. $ amount is translated into Japanese Yen at the rate of I USD=JPY 82.13, the mean of the exchange rate quotations by The Bank of Tokyo-Mitsubishi UFJ, Ltd. for buying and selling spot dollars by telegraphic transfer against yen on January 31, 2011.

Places where a copy of this Amendment to Securities Registration 
Statement is available for Public Inspection
 
 
Not applicable.

 


- 4 - 

 

I. Reason For Filing This Amendment To Securities Registration Statement:

This statement purports to amend and update the relevant information of the Securities Registration Statement filed on December 28, 2010 (the "Original SRS,") due to the fact that the Semi-annual Report was filed on March 31, 2011.

The exchange rates used in this statement to translate the amended amounts of foreign currencies are different from those used before these amendments, as the latest exchange rates are used in this statement.

II. Contents of the Amendments:

Amendment due to filing the Semi-annual Report.

The following items in the original SRS are amended to have the same contents as those provided in the following items of the Semi-annual Report:

The ORIGINAL SRS  The Semi-annual Report  The way of 
    amendment 
PART II. INFORMATION     
CONCERNING THE FUND     
I. DESCRIPTION OF THE FUND     
1. NATURE OF THE FUND     
(C) Structure of the Fund:     
 
(3) Outline of the Fund  IV. OUTLINE OF THE   
  MANAGEMENT COMPANY   
1. Fund  (1) Amount of Capital Stock   
d. Amount of Capital Stock  1 Fund  Novation 
2. Investment Management     
Company     
d. Amount of Capital Stock:  2 Investment Management  Novation 
  Company
5. STATUS OF INVESTMENT  I. STATUS OF INVESTMENT   
FUND  PORTFOLIO OF THE FUND   
(A) Diversification of Investment  (1) Diversification of Investment  Novation 
Portfolio  Portfolio   
(C) Results of Past Operations  (2) Results of Past Operations  Novation 
(D) Record of Sales and Repurchases  II. RECORD OF SALES AND  Addition 
  REPURCHASES   
III. FINANCIAL CONDITIONS OF     
THE FUND     
1. Financial Statements  III. FINANCIAL CONDITIONS  Addition 
  OF THE FUND   
PART III. SPECIAL     
INFORMATION     

 


- 5 - 

 

I. OUTLINE OF THE     
MANAGEMENT COMPANY     
1. Outline of the Management  IV. OUTLINE OF THE   
Company  MANAGEMENT COMPANY   
i Fund  (1) Amount of Capital Stock   
(1) Amount of Capital Stock  1 Fund  Novation 
ii Investment Management Company     
(1) Amount of Capital Stock  2 Investment Management  Novation 
  Company   
2. Description of Business and Outline  (2) Description of Business and   
of Operation  Conditions of Operation   
i. Fund  1 Fund  Novation 
ii. PUTNAM INVESTMENT  2 Putnam Investment  Novation 
MANAGEMENT, LLC  Management, LLC ("Investment   
(INVESTMENT MANAGEMENT  Management Company")   
COMPANY)     
5. Miscellaneous  (3) Miscellaneous   
i. Fund  1 Fund  Addition 
ii. PUTNAM INVESTMENT  2 Putnam Investment  Addition 
MANAGEMENT, LLC  Management, LLC ("Investment   
(INVESTMENT MANAGEMENT  Management Company")   
COMPANY)     

 

The contents of the Semi-annual Report are as follows: [Omitted]