PUTNAM INVESTMENT FUNDS
NSAR-B, EX-27, 2000-10-27
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
Putnam International Voyager Fund
</LEGEND>
<SERIES>
   <NUMBER> 5
   <NAME> CLASS A

<S>                             <C>
<PERIOD-TYPE>                   ANNUAL
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-END>                               AUG-31-2000
<INVESTMENTS-AT-COST>                    2,168,670,201
<INVESTMENTS-AT-VALUE>                   2,494,215,960
<RECEIVABLES>                               89,973,876
<ASSETS-OTHER>                               4,177,981
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           2,588,367,817
<PAYABLE-FOR-SECURITIES>                    55,430,260
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   12,758,638
<TOTAL-LIABILITIES>                         68,188,898
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 2,221,845,041
<SHARES-COMMON-STOCK>                       49,014,782
<SHARES-COMMON-PRIOR>                       12,542,716
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                     (8,299,705)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                  (18,830,954)
<ACCUM-APPREC-OR-DEPREC>                   325,464,537
<NET-ASSETS>                             2,520,178,919
<DIVIDEND-INCOME>                           19,261,750
<INTEREST-INCOME>                            4,228,584
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              25,906,983
<NET-INVESTMENT-INCOME>                    (2,416,649)
<REALIZED-GAINS-CURRENT>                  (12,169,036)
<APPREC-INCREASE-CURRENT>                  237,665,244
<NET-CHANGE-FROM-OPS>                      223,079,559
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (2,747,218)
<DISTRIBUTIONS-OF-GAINS>                  (10,146,544)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     68,740,703
<NUMBER-OF-SHARES-REDEEMED>               (32,762,522)
<SHARES-REINVESTED>                            493,885
<NET-CHANGE-IN-ASSETS>                   2,110,508,240
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   12,738,284
<OVERDISTRIB-NII-PRIOR>                    (1,862,835)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                       13,709,869
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             27,800,858
<AVERAGE-NET-ASSETS>                       793,815,365
<PER-SHARE-NAV-BEGIN>                            17.28
<PER-SHARE-NII>                                    .05
<PER-SHARE-GAIN-APPREC>                          10.13
<PER-SHARE-DIVIDEND>                             (.15)
<PER-SHARE-DISTRIBUTIONS>                        (.55)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              26.76
<EXPENSE-RATIO>                                   1.48
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0


</TABLE>


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