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Putnam waives part of small cap growth fund fees for class B shares
By Tali David
Minneapolis, Nov. 10 - Putnam Investments announced that it has waived a portion of its Small Cap Growth Fund's distribution and service fees for class B shares, according to a release.
This reduces the fees to 0.25% from 1%.
Putnam said that while this waiver is in effect, the total annual fund operating expenses for class B shares will be reduced, and class B shares will have lower annual expenses and higher dividends than class C, M or R shares.
Putnam is a Boston-based money management firm.
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