0000928816-15-001556.txt : 20151118 0000928816-15-001556.hdr.sgml : 20151118 20151118154309 ACCESSION NUMBER: 0000928816-15-001556 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20151118 DATE AS OF CHANGE: 20151118 EFFECTIVENESS DATE: 20151118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM INTERNATIONAL EQUITY FUND /MA/ CENTRAL INDEX KEY: 0000868648 IRS NUMBER: 046661045 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-37214 FILM NUMBER: 151240643 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921471 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INTERNATIONAL GROWTH FUND /MA/ DATE OF NAME CHANGE: 19960805 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM OVERSEAS GROWTH FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INTERNATIONAL GROWTH FUND DATE OF NAME CHANGE: 19901107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM INTERNATIONAL EQUITY FUND /MA/ CENTRAL INDEX KEY: 0000868648 IRS NUMBER: 046661045 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-06190 FILM NUMBER: 151240644 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921471 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INTERNATIONAL GROWTH FUND /MA/ DATE OF NAME CHANGE: 19960805 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM OVERSEAS GROWTH FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INTERNATIONAL GROWTH FUND DATE OF NAME CHANGE: 19901107 0000868648 S000006181 PUTNAM INTERNATIONAL EQUITY FUND /MA/ C000017024 Class A Shares POVSX C000017025 Class B Shares POVBX C000017026 Class C Shares PIGCX C000017027 Class M Shares POVMX C000017028 Class R Shares PIERX C000017029 Class Y Shares POVYX C000118015 Class R5 C000118016 Class R6 485BPOS 1 a_pief2015itemone.htm PUTNAM INTERNATIONAL EQUITY FUND a_pief2015itemone.htm
As filed with the Securities and Exchange Commission on  
November 18, 2015  
 
Registration No. 33-37214
811-06190
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SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549  
 
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FORM N-1A  
  ----
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 / X /
  ----
  ----
Pre-Effective Amendment No. / /
  ----
  ----
Post-Effective Amendment No. 33 / X /
and/or ----
  ----
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY / X /
ACT OF 1940 ---
  ---
Amendment No. 35 / X /
(Check appropriate box or boxes) ----
--------------  
PUTNAM INTERNATIONAL EQUITY FUND  
(Exact Name of Registrant as Specified in Charter)  
 
One Post Office Square, Boston, Massachusetts 02109  
(Address of Principal Executive Offices) (Zip Code)  
 
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 October 30, 2015 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 INTERNATIONAL EQUITY FUND
  One Post Office Square
  Boston, Massachusetts 02109
  (Name and address of agent for service)
  -----------------------
 
  Copy to:
  BRYAN CHEGWIDDEN, Esquire
  ROPES & GRAY LLP
  Prudential Tower
  800 Boylston Street
  Boston, Massachusetts 02199-3600

 


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 18th day of November, 2015.

Putnam International Equity Fund
 
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
 
Robert L. Reynolds* President and Trustee
 
Jonathan S. Horwitz * Executive Vice President, Principal Executive
  Officer and Compliance Liaison
 
Steven D. Krichmar* Vice President and Principal Financial Officer
 
Janet C. Smith* Vice President, Principal Accounting Officer and
  Assistant Treasurer
 
Liaquat Ahamed* Trustee
 
Ravi Akhoury* Trustee
 
Barbara M. Baumann* Trustee
 
Robert J. Darretta* Trustee
 
Katinka Domotorffy* Trustee
 
John A. Hill* Trustee
 
Paul L. Joskow* Trustee
 
Kenneth R. Leibler* Trustee
 
Robert E. Patterson* Trustee
 
George Putnam, III* Trustee
 
W. Thomas Stephens* Trustee

 



By: /s/ Jonathan S. Horwitz,
as Attorney-in-Fact
November 18, 2015
 
*Signed pursuant to power of attorney filed
in Post-Effective Amendment No. 26 to the
Registrant’s Registration Statement on
October 26, 2012.

 

EX-101.INS 2 pief-20151030.xml XBRL INSTANCE FILE 0000868648 2014-10-31 2015-10-30 0000868648 pief:S000006181Member 2014-10-31 2015-10-30 0000868648 pief:S000006181Member pief:C000017024Member 2014-10-31 2015-10-30 0000868648 pief:S000006181Member pief:C000017025Member 2014-10-31 2015-10-30 0000868648 pief:S000006181Member pief:C000017026Member 2014-10-31 2015-10-30 0000868648 pief:S000006181Member pief:C000017027Member 2014-10-31 2015-10-30 0000868648 pief:S000006181Member pief:C000017028Member 2014-10-31 2015-10-30 0000868648 pief:S000006181Member pief:C000017029Member 2014-10-31 2015-10-30 0000868648 pief:S000006181Member pief:C000118015Member 2014-10-31 2015-10-30 0000868648 pief:S000006181Member pief:C000118016Member 2014-10-31 2015-10-30 0000868648 pief:S000006181Member pief:C000017024Member rr:AfterTaxesOnDistributionsMember 2014-10-31 2015-10-30 0000868648 pief:S000006181Member pief:C000017024Member rr:AfterTaxesOnDistributionsAndSalesMember 2014-10-31 2015-10-30 0000868648 pief:S000006181Member pief:MSCIEAFEIndexMember 2014-10-31 2015-10-30 iso4217:USD xbrli:pure 485BPOS 2015-06-30 PUTNAM INTERNATIONAL EQUITY FUND /MA/ 0000868648 false pief 2015-10-27 2015-10-30 2015-10-30 <b>Goal</b> Putnam International Equity Fund seeks capital appreciation. <b>Fees and expenses</b> 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<i> How do I buy fund shares?</i> beginning on page 14 of the fund&#8217;s prospectus and in <i>How to buy shares</i> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). <b>Shareholder fees </b><i>(fees paid directly from your investment) 0.0575 0 0 0.0350 0 0 0 0 0.0100 0.0500 0.0100 0.0065 0 0 0 0 <div style="display: none">~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact pief_S000006181Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <b>Annual fund operating expenses </b><i>(expenses you pay each year as a percentage of the value of your investment)</i> 0.0074 0.0074 0.0074 0.0074 0.0074 0.0074 0.0074 0.0074 0.0025 0.0100 0.0100 0.0075 0.0050 0. 0 0 0.0027 0.0027 0.0027 0.0027 0.0027 0.0027 0.0022 0.0012 <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact pief_S000006181Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <b>Example</b> 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. 2010 2144 2338 2351 1802 1236 1178 1061 1227 1283 1083 1271 824 558 531 477 952 930 630 885 477 322 306 274 696 704 304 523 154 103 98 88 <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact pief_S000006181Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> 2144 2338 1083 1083 630 630 204 204 <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact pief_S000006181Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <b>Portfolio turnover</b> The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund&#146;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&#146;s turnover rate in the most recent fiscal year was 69%. <b>Investments</b> We invest mainly in common stocks (growth or value stocks or both) of large 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. Under normal circumstances, we invest at least 80% of the fund&#8217;s net assets in equity investments. This policy may be changed only after 60 days&#8217; notice to shareholders. 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. <b>Risks</b> 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 both general financial market conditions and factors related to a specific company or industry. 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 or deflation), and may be illiquid.<br /> <br /> Our use of derivatives may increase these risks 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. <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. 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. <b>Annual total returns for class A shares before sales charges</b> 0.1262 0.2820 0.0844 -0.4484 0.2527 0.1009 -0.1554 0.2173 0.2794 -0.0687 <div style="display: none">~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column dei_LegalEntityAxis compact pief_S000006181Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Year-to-date performance<br /><b>through 9/30/15&#160;&#160;&#160;&#160;-2.22%<br /><br /></b>Best calendar quarter<br /><b>Q2 2009&#160;&#160;&#160;23.24%<br /><br /></b>Worst calendar quarter<br /><b>Q3 2011 &#160;&#160;&#160;&#160;&#150;23.03%</b> <b>Average annual total returns after sales charges </b><i>(for periods ending 12/31/14)</i> 0.0324 0.0323 0.0308 0.0297 0.0359 0.0411 0.0414 0.0417 0.0257 0.0282 0.0443 0.0492 0.0505 0.0539 0.0490 0.0590 0.0644 0.0650 0.0655 0.0459 0.0392 0.0533 -0.1222 -0.1216 -0.0844 -0.1057 -0.0708 -0.0663 -0.0656 -0.0643 -0.1228 -0.0661 -0.0490 <div style="display: none">~ http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact pief_S000006181Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> 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. 0.69 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. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Year-to-date performance through 2015-09-30 Best calendar quarter Worst calendar quarter 2011-09-30 -0.0222 2009-06-30 0.2324 -0.2303 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. <b>Fund summary</b> An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. It is important to understand that you can lose money by investing in 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<i> How do I buy fund shares?</i> beginning on page 14 of the fund&#8217;s prospectus and in <i>How to buy shares</i> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). 0.0126 0.0201 0.0201 0.0176 0.0151 0.0101 0.0096 0.0086 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 are subject to a performance adjustment. Performance for class R5 and class R6 shares prior to their inception (7/2/12) is derived from the historical performance of class Y shares and has not been adjusted for the lower investor servicing fees applicable to class R5 and class R6 shares; had it, returns would have been higher. EX-101.SCH 3 pief-20151030.xsd XBRL SCHEMA FILE 00000005 - Document - Putnam International Equity Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 4 pief-20151030_def.xml XBRL DEFINITION FILE EX-101.LAB 5 pief-20151030_lab.xml XBRL LABEL FILE Putnam International Equity Fund Legal Entity [Axis] Class A Share Class [Axis] Class B Class C Class M Class R Class Y Class R5 Class R6 after taxes on distributions Performance Measure [Axis] after taxes on distributions and sale of fund shares MSCI EAFE Index Risk/Return: 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 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 Column [Text] Maximum Cumulative Sales 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 Operating Expenses Caption [Text] 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) Fee Waiver or Reimbursement over Assets, Date of Termination Portfolio Turnover [Heading] Portfolio Turnover [Text Block] Portfolio Turnover, Rate Expense Footnotes [Text Block] Expenses Deferred Charges [Text Block] Expenses Range of Exchange Fees [Text Block] 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] Expense Example [Heading] Expense Example by Year [Heading] Expense Example Narrative [Text Block] Expense Example by, Year, Caption [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 Narrative [Text Block] Expense Example, No Redemption, By Year, Caption [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 Expense Example Footnotes [Text Block] Expense Example Closing [Text Block] Strategy [Heading] Strategy Narrative [Text Block] Strategy Portfolio Concentration [Text] Risk [Heading] Risk Narrative [Text Block] Risk Footnotes [Text Block] Risk Closing [Text Block] 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] Bar Chart and Performance Table [Heading] Performance Narrative [Text Block] 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 [Heading] Bar Chart Narrative [Text Block] Bar Chart Does Not Reflect Sales Loads [Text] 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 Bar Chart Footnotes [Text Block] Bar Chart Closing [Text Block] 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 Heading 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 Narrative Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text] Performance Table Footnotes Performance Table Closing [Text Block] Caption Column Label 1 Year 5 Years 10 Years Since Inception Inception Date 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 MSCI EAFE Index (ND) (no deduction for fees, expenses or taxes, other than withholding taxes on reinvested dividends) Prospectus: [Table] Prospectus [Line Items] Shareholder Fees [Table] Annual Fund Operating Expenses [Table] Expense Example, With Redemption [Table] Expense Example, No Redemption [Table] Bar Chart [Table] Performance [Table] Market Index Performance [Table] Shareholder Fees: Operating Expenses: Expense Example: Expense Example, By Year, Column [Text] Expense Example, No Redemption: Expense Example, No Redemption, By Year, Column [Text] Bar Chart Table: Average Annual Return: Risk/Return Detail [Table] Series Class A 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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Jun. 30, 2015
Registrant Name dei_EntityRegistrantName PUTNAM INTERNATIONAL EQUITY FUND /MA/
Central Index Key dei_EntityCentralIndexKey 0000868648
Amendment Flag dei_AmendmentFlag false
Trading Symbol dei_TradingSymbol pief
Document Creation Date dei_DocumentCreationDate Oct. 27, 2015
Document Effective Date dei_DocumentEffectiveDate Oct. 30, 2015
Prospectus Date rr_ProspectusDate Oct. 30, 2015
Putnam International Equity Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary
Objective [Heading] rr_ObjectiveHeading Goal
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Putnam International Equity Fund seeks 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 14 of 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 69%.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 69.00%
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 14 of 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 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
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock We invest mainly in common stocks (growth or value stocks or both) of large 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. Under normal circumstances, we invest at least 80% of the fund’s net assets in equity investments. This policy may be changed only after 60 days’ notice to shareholders. 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 both general financial market conditions and factors related to a specific company or industry. 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 or deflation), and may be illiquid.

Our use of derivatives may increase these risks 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 9/30/15    -2.22%

Best calendar quarter
Q2 2009   23.24%

Worst calendar quarter
Q3 2011     –23.03%
Year to Date Return, Label rr_YearToDateReturnLabel Year-to-date performance through
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2015
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn (2.22%)
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best calendar quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 23.24%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst calendar quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (23.03%)
Performance Table Heading rr_PerformanceTableHeading Average annual total returns after sales charges (for periods ending 12/31/14)
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 Equity Fund | Class A  
Risk/Return: 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 0.74% [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.27%
Total annual fund operating expenses rr_ExpensesOverAssets 1.26%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 696
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 952
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,227
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,010
Annual Return 2005 rr_AnnualReturn2005 12.62%
Annual Return 2006 rr_AnnualReturn2006 28.20%
Annual Return 2007 rr_AnnualReturn2007 8.44%
Annual Return 2008 rr_AnnualReturn2008 (44.84%)
Annual Return 2009 rr_AnnualReturn2009 25.27%
Annual Return 2010 rr_AnnualReturn2010 10.09%
Annual Return 2011 rr_AnnualReturn2011 (15.54%)
Annual Return 2012 rr_AnnualReturn2012 21.73%
Annual Return 2013 rr_AnnualReturn2013 27.94%
Annual Return 2014 rr_AnnualReturn2014 (6.87%)
1 Year rr_AverageAnnualReturnYear01 (12.22%)
5 Years rr_AverageAnnualReturnYear05 4.92%
10 Years rr_AverageAnnualReturnYear10 3.24%
Putnam International Equity Fund | Class B  
Risk/Return: 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 0.74% [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.27%
Total annual fund operating expenses rr_ExpensesOverAssets 2.01%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 704
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 930
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,283
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,144
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 204
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 630
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,083
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,144
1 Year rr_AverageAnnualReturnYear01 (12.16%)
5 Years rr_AverageAnnualReturnYear05 5.05%
10 Years rr_AverageAnnualReturnYear10 3.23%
Putnam International Equity Fund | Class C  
Risk/Return: 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 0.74% [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.27%
Total annual fund operating expenses rr_ExpensesOverAssets 2.01%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 304
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 630
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,083
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,338
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 204
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 630
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,083
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,338
1 Year rr_AverageAnnualReturnYear01 (8.44%)
5 Years rr_AverageAnnualReturnYear05 5.39%
10 Years rr_AverageAnnualReturnYear10 3.08%
Putnam International Equity Fund | Class M  
Risk/Return: 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 0.65% [1]
Management fees rr_ManagementFeesOverAssets 0.74% [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.27%
Total annual fund operating expenses rr_ExpensesOverAssets 1.76%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 523
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 885
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,271
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,351
1 Year rr_AverageAnnualReturnYear01 (10.57%)
5 Years rr_AverageAnnualReturnYear05 4.90%
10 Years rr_AverageAnnualReturnYear10 2.97%
Putnam International Equity Fund | Class R  
Risk/Return: 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 0.74% [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.27%
Total annual fund operating expenses rr_ExpensesOverAssets 1.51%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 154
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 477
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 824
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,802
1 Year rr_AverageAnnualReturnYear01 (7.08%)
5 Years rr_AverageAnnualReturnYear05 5.90%
10 Years rr_AverageAnnualReturnYear10 3.59%
Putnam International Equity Fund | Class R5  
Risk/Return: 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 0.74% [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.22%
Total annual fund operating expenses rr_ExpensesOverAssets 0.96%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 98
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 306
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 531
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,178
1 Year rr_AverageAnnualReturnYear01 (6.56%) [5]
5 Years rr_AverageAnnualReturnYear05 6.50% [5]
10 Years rr_AverageAnnualReturnYear10 4.14% [5]
Putnam International Equity Fund | Class R6  
Risk/Return: 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 0.74% [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.12%
Total annual fund operating expenses rr_ExpensesOverAssets 0.86%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 88
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 274
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 477
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,061
1 Year rr_AverageAnnualReturnYear01 (6.43%) [5]
5 Years rr_AverageAnnualReturnYear05 6.55% [5]
10 Years rr_AverageAnnualReturnYear10 4.17% [5]
Putnam International Equity Fund | Class Y  
Risk/Return: 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 0.74% [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.27%
Total annual fund operating expenses rr_ExpensesOverAssets 1.01%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 103
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 322
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 558
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,236
1 Year rr_AverageAnnualReturnYear01 (6.63%)
5 Years rr_AverageAnnualReturnYear05 6.44%
10 Years rr_AverageAnnualReturnYear10 4.11%
Putnam International Equity Fund | after taxes on distributions | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (12.28%)
5 Years rr_AverageAnnualReturnYear05 4.59%
10 Years rr_AverageAnnualReturnYear10 2.57%
Putnam International Equity Fund | after taxes on distributions and sale of fund shares | Class A  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (6.61%)
5 Years rr_AverageAnnualReturnYear05 3.92%
10 Years rr_AverageAnnualReturnYear10 2.82%
Putnam International Equity Fund | MSCI EAFE Index (ND) (no deduction for fees, expenses or taxes, other than withholding taxes on reinvested dividends)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (4.90%)
5 Years rr_AverageAnnualReturnYear05 5.33%
10 Years rr_AverageAnnualReturnYear10 4.43%
[1] Applies only to certain redemptions of shares bought with no initial sales charge
[2] Management fees are subject to a performance adjustment.
[3] This charge is phased out over six years
[4] This charge is eliminated after one year.
[5] Performance for class R5 and class R6 shares prior to their inception (7/2/12) is derived from the historical performance of class Y shares and has not been adjusted for the lower investor servicing fees applicable to class R5 and class R6 shares; had it, returns would have been higher.
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Total
Putnam International Equity Fund
Fund summary
Goal
Putnam International Equity Fund seeks 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 14 of 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)
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Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment)
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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.
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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 69%.
Investments
We invest mainly in common stocks (growth or value stocks or both) of large 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. Under normal circumstances, we invest at least 80% of the fund’s net assets in equity investments. This policy may be changed only after 60 days’ notice to shareholders. 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 both general financial market conditions and factors related to a specific company or industry. 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 or deflation), and may be illiquid.

Our use of derivatives may increase these risks 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
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Year-to-date performance
through 9/30/15    -2.22%

Best calendar quarter
Q2 2009   23.24%

Worst calendar quarter
Q3 2011     –23.03%
Average annual total returns after sales charges (for periods ending 12/31/14)
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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.
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Putnam International Equity Fund
Fund summary
Goal
Putnam International Equity Fund seeks 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 14 of 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 Equity Fund
Class A
Class B
Class C
Class M
Class R
Class R5
Class R6
Class Y
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) 5.75% none none 3.50% none none none 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] 0.65% [1] 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 Equity Fund
Class A
Class B
Class C
Class M
Class R
Class R5
Class R6
Class Y
Management fees [1] 0.74% 0.74% 0.74% 0.74% 0.74% 0.74% 0.74% 0.74%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75% 0.50% none none none
Other expenses 0.27% 0.27% 0.27% 0.27% 0.27% 0.22% 0.12% 0.27%
Total annual fund operating expenses 1.26% 2.01% 2.01% 1.76% 1.51% 0.96% 0.86% 1.01%
[1] Management fees are subject to a performance adjustment.
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 $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Expense Example - Putnam International Equity Fund - USD ($)
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 696 952 1,227 2,010
Class B 704 930 1,283 2,144
Class C 304 630 1,083 2,338
Class M 523 885 1,271 2,351
Class R 154 477 824 1,802
Class R5 98 306 531 1,178
Class R6 88 274 477 1,061
Class Y 103 322 558 1,236
Expense Example, No Redemption - Putnam International Equity 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 204 630 1,083 2,144
Class C 204 630 1,083 2,338
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 69%.
Investments
We invest mainly in common stocks (growth or value stocks or both) of large 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. Under normal circumstances, we invest at least 80% of the fund’s net assets in equity investments. This policy may be changed only after 60 days’ notice to shareholders. 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 both general financial market conditions and factors related to a specific company or industry. 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 or deflation), and may be illiquid.

Our use of derivatives may increase these risks 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 9/30/15    -2.22%

Best calendar quarter
Q2 2009   23.24%

Worst calendar quarter
Q3 2011     –23.03%
Average annual total returns after sales charges (for periods ending 12/31/14)
Average Annual Total Returns - Putnam International Equity Fund
1 Year
5 Years
10 Years
Class A (12.22%) 4.92% 3.24%
Class A | after taxes on distributions (12.28%) 4.59% 2.57%
Class A | after taxes on distributions and sale of fund shares (6.61%) 3.92% 2.82%
Class B (12.16%) 5.05% 3.23%
Class C (8.44%) 5.39% 3.08%
Class M (10.57%) 4.90% 2.97%
Class R (7.08%) 5.90% 3.59%
Class R5 [1] (6.56%) 6.50% 4.14%
Class R6 [1] (6.43%) 6.55% 4.17%
Class Y (6.63%) 6.44% 4.11%
MSCI EAFE Index (ND) (no deduction for fees, expenses or taxes, other than withholding taxes on reinvested dividends) (4.90%) 5.33% 4.43%
[1] Performance for class R5 and class R6 shares prior to their inception (7/2/12) is derived from the historical performance of class Y shares and has not been adjusted for the lower investor servicing fees applicable to class R5 and class R6 shares; had it, returns would have been higher.
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.

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