Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. Performance assumes reinvestment of distributions and does not account for taxes. The "before sales charge" performance does not reflect the current maximum sales charges, which we explain below. If performance did reflect the charges, it would be lower. The "after sales charge" performance (or returns at public offering price) varies by share class and fund. For class A and class M shares, the current maximum initial sales charges are 5.75% and 3.50% for equity funds and 4.00% and 3.25% for income funds, respectively (with these exceptions: 2.25% for class A of Putnam Floating Rate Income Fund, Short-Term Municipal Income, Short Duration Bond Fund, and Fixed Income Absolute Return Fund). Class B share performance reflects the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declines to 1% in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, Putnam Short Duration Bond Fund, and Putnam Fixed Income Absolute Return Fund; for these funds, the CDSC is 1% in the first year, declines to 0.5% in the second year, and is eliminated thereafter). Class C share performance reflects a 1% CDSC the first year that is eliminated thereafter. Performance for class B, C, M, N, R, and Y shares prior to their inception is derived from the historical performance of class A shares by adjusting for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (note, for two funds — Putnam Tax-Free High Yield Fund and Putnam Strategic Intermediate Municipal Fund performance prior to inception is based on the historical performance of class B shares). Performance for class A, C, R6, and Y shares of Putnam Mortgage Opportunities Fund before their inception is derived from the historical performance of class I shares, which has been adjusted for the applicable sales charge (or CDSC) and the higher operating expenses for such shares. The "after sales charge" performance (at public offering price) for class N shares reflects the current maximum initial sales charge of 1.50%. Class R, R3, R4, R5, and R6 shares, which are available to qualified employee-benefit plans only, are sold without an initial sales charge and have no CDSC. Class Y shares are generally only available for corporate and institutional clients and have no initial sales charge. Performance for class R3 and R4 shares prior to their inception is derived from the historical performance of class Y shares by adjusting for the higher operating expenses for such shares. Performance for class R5 shares before their inception is derived from the historical performance of class Y shares, which has not been adjusted for the lower expenses; had it been adjusted, performance would be higher (with the exception of the RetirementReady Maturity, 2025, 2030, 2035, and 2040 Funds, for which performance is derived from the historical performance of class R6 shares and has been adjusted for the higher operating expenses for such shares; and the RetirementReady 2045, 2050, 2055, and 2060 Funds, for which performance is derived from the historical performance of class R6 shares and has not been adjusted for the lower expenses; had it been adjusted, performance would be higher). Performance for class R6 shares before their inception is derived from the historical performance of class Y shares, which has not been adjusted for the lower operating expenses; had it been adjusted, performance would be higher. For a portion of the period, some funds had expenses limitations or had been sold on a limited basis with limited assets and expenses. Had these limits not been in place, performance would be lower.
Active Equities
Global Technology Fund (Class Y) (PGTYX)
Pursuing investment opportunities in technology-related companies worldwide
Highlights
Objective
The fund seeks capital appreciation.
Strategy and process
- Research intensive processThe fund is actively managed with fundamental research and a catalyst-driven approach. The process seeks companies that can benefit from changes, innovations, and disruptions.
- A wide range of opportunitiesThe fund can invest across the entire universe of global technology companies. Approximately 30%-40% of the portfolio is invested in non-U.S. stocks.
- Concentrated portfolioThe manager seeks outperformance with a bottom-up approach to stock selection, maintaining a concentrated portfolio of approximately 25 to 35 holdings.
Fund price and assets |
Yesterday’s close | 52-week high | 52-week low | Net assets and outstanding shares |
---|---|---|---|---|
Net asset value |
$43.41
3.46% | $1.45 |
$77.40
11/16/21 |
$40.25
06/16/22 |
Download CSV |
Consistency of positive performance over five years
Performance shown does not reflect the effects of any sales charges. Click on the dots to see specific returns in each five-year period as of the date revealed. Note that returns of 0.00% are counted as positive periods. For complete fund performance, please click on the performance tab.
34.64%
Best 5-year annualized return
(for period ending 06/30/21)
9.91%
Worst 5-year annualized return
(for period ending 09/30/15)
19.38%
Average 5-year annualized return
Fund facts as of 02/28/22
$942.12M
79%
Annually
44
August
746764521 / 1869
12/18/08
Global Sector
PGTYX
Literature
Fund documents |
|
Fact Sheet (YA share) (PDF) |
|
Summary Prospectus (PDF) |
|
Statutory Prospectus (PDF) |
|
Statement of Additional Information (SAI) (PDF) | |
Annual Report (PDF) |
|
Semiannual Report (PDF) |
|
Proxy voting results (Form N-PX) (PDF) | |
White Paper: Integrated Insights (PDF) |
|
Now what? What's next for tech
Although there are near-term challenges, we believe there remains a long runway for growth as technology companies penetrate massive addressable markets.Look beyond dividends for income from value investing
To build a value investment strategy, consider dividends in the context of overall income.War and inflation put bull market in hibernation
Investors may be underestimating the immense range of potential outcomes for the Russia-Ukraine War.Performance
Total return (%) as of 03/31/22
Annual performance as of 03/31/22
Annualized Total return (%) as of 03/31/22
Annualized performance | 1 yr. | 3 yrs. | 5 yrs. | 10 yrs. |
---|---|---|---|---|
Before sales charge | -7.60% | 26.11% | 23.35% | 18.62% |
After sales charge | N/A | N/A | N/A | N/A |
MSCI World Information Technology Index (ND) | 15.08% | 27.44% | 24.31% | 18.56% |
Performance snapshot
Before sales charge | After sales charge | ||
---|---|---|---|
1 mt. as of 05/31/22 | -0.20% | - | |
YTD as of 06/23/22 | -29.41% | - | |
Risk-adjusted performance as of 02/28/22
Alpha (3 yrs.) | -0.07 |
---|---|
Sharpe ratio (3 yrs.) | 1.22 |
Treynor ratio (3 yrs.) | 27.14 |
Information ratio (3 yrs.) | -0.14 |
Volatility as of 02/28/22
Standard deviation (3 yrs.) | 21.33% |
---|---|
Beta | 0.96 |
R-squared | 0.83 |
Capture ratio as of 02/28/22
Up-market (3 yrs.) | 91.97 |
---|---|
Down-market (3 yrs.) | 87.45 |
Morningstar Ratings™ as of 05/31/22
Time period | Funds in category | Morningstar Rating™ |
---|---|---|
Overall | 213 | |
3 yrs. | 213 | |
5 yrs. | 187 | |
10 yrs. | 155 |
Distributions
Record/Ex dividend date | 12/22/21 |
---|---|
Payable date | 12/27/21 |
Income | -- |
Extra income | -- |
Short-term cap. gain | $5.31 |
Long-term cap. gain | $7.263 |
Lipper rankings are based on total return without sales charge relative to all share classes of funds with similar objectives as determined by Lipper. Past performance is not indicative of future results.
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
The up-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has risen. The ratio is calculated by dividing the manager’s returns by the returns of the index during the up-market, and multiplying that factor by 100. The down-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has dropped. The ratio is calculated by dividing the manager’s returns by the returns of the index during the down-market and multiplying that factor by 100.
Holdings
Microsoft Corp | 10.67% |
---|---|
Apple | 5.27% |
Salesforce.Com | 5.23% |
Amazon.Com | 5.21% |
Nvidia Corp | 4.91% |
Renesas Electronics Corp | 4.87% |
Adobe | 4.33% |
Visa | 4.26% |
Activision Blizzard | 4.04% |
Intuit | 3.96% |
Top 10 holdings, percent of portfolio | 52.75% |
Top 10 holdings as of 02/28/22 | |
---|---|
Microsoft Corp | |
Apple | |
Salesforce.Com | |
Amazon.Com | |
Nvidia Corp | |
Renesas Electronics Corp | |
Adobe | |
Visa | |
Activision Blizzard | |
Intuit | |
Holdings represent 52.75% of portfolio |
Top 10 holdings as of 01/31/22 | |
---|---|
Microsoft Corp | |
Nvidia Corp | |
Fidelity National Information Services | |
Salesforce.Com | |
Amazon.Com | |
Renesas Electronics Corp | |
Adobe | |
Intuit | |
Visa | |
Taiwan Semiconductor Manufacturing | |
Holdings represent 52.87% of portfolio |
Top 10 holdings as of 12/31/21 | |
---|---|
Microsoft Corp | |
Nvidia Corp | |
Fidelity National Information Services | |
Amazon.Com | |
Clarivate | |
Salesforce.Com | |
Renesas Electronics Corp | |
Intuit | |
Adobe | |
Thomson Reuters Corp | |
Holdings represent 54.09% of portfolio |
Top 10 holdings as of 11/30/21 | |
---|---|
Microsoft Corp | |
Nvidia Corp | |
Amazon.Com | |
Salesforce.Com | |
Adobe | |
Fidelity National Information Services | |
Clarivate | |
Renesas Electronics Corp | |
Intuit | |
Thomson Reuters Corp | |
Holdings represent 54.99% of portfolio |
MICROSOFT CORP SEDOL 2588173 | 11.30% |
---|---|
APPLE INC SEDOL 2046251 | 8.84% |
SALESFORCE INC SEDOL 2310525 | 5.41% |
RENESAS ELECTRONICS CORP SEDOL 6635677 | 4.85% |
TAIWAN SEMICONDUCTOR MANUFAC SEDOL 6889106 | 4.85% |
VISA INC-CLASS A SHARES SEDOL B2PZN04 | 4.48% |
INTUIT INC SEDOL 2459020 | 4.12% |
FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 4.11% |
MASTERCARD INC - A SEDOL B121557 | 3.90% |
ADVANCED MICRO DEVICES SEDOL 2007849 | 3.68% |
ACTIVISION BLIZZARD INC SEDOL 2575818 | 3.60% |
AMAZON.COM INC SEDOL 2000019 | 3.52% |
THOMSON REUTERS CORP SEDOL BFXPT09 | 3.30% |
ASML HOLDING NV SEDOL B929F46 | 3.15% |
NVIDIA CORP SEDOL 2379504 | 2.98% |
DYNATRACE INC SEDOL BJV2RD9 | 2.88% |
NOVATEK MICROELECTRONICS COR SEDOL 6346333 | 2.61% |
PALO ALTO NETWORKS INC SEDOL B87ZMX0 | 2.56% |
BAIDU INC-CLASS A SEDOL B0J2D41 | 2.54% |
ALIBABA GROUP HOLDING LTD SEDOL BK6YZP5 | 2.25% |
HOYA CORP SEDOL 6441506 | 2.00% |
XEROX HOLDINGS CORP SEDOL BJJD5G3 | 1.76% |
LIGHTSPEED COMMERCE INC SEDOL BMYZ2B9 | 1.74% |
BILL.COM HOLDINGS INC SEDOL BKDS4H5 | 1.61% |
JD.COM INC - CL A SEDOL BKPQZT6 | 1.44% |
SEA LTD-ADR SEDOL BYWD7L4 | 1.36% |
ACM RESEARCH INC-CLASS A SEDOL BF5C2N2 | 1.09% |
NETWORK INTERNATIONAL HOLDIN SEDOL BH3VJ78 | 1.03% |
ON SEMICONDUCTOR SEDOL 2583576 | 0.98% |
JPY/USD 05/18/2022 UBS | 0.19% |
TREASURY BILL 00.0000 05/19/2022 | 0.14% |
TWD/USD 05/18/2022 BANKAM | 0.10% |
TWD/USD 05/18/2022 BCAP-FX | 0.09% |
GBP/USD 06/15/2022 JPMCB | 0.03% |
TREASURY BILL 00.0000 05/03/2022 | 0.03% |
GBP/USD 06/15/2022 BANKAM | 0.03% |
CAD/USD 04/20/2022 SSBT | 0.03% |
SEK/USD 06/15/2022 GSFX | 0.02% |
TREASURY BILL 00.0000 04/21/2022 | 0.02% |
SGD/USD 05/18/2022 JPMCB | 0.01% |
CASH MGMT BILL 00.0000 06/07/2022 | 0.01% |
AUD/USD 04/20/2022 HSBCB | 0.01% |
CNH/USD 05/18/2022 RBSF | 0.00% |
GBP/USD 06/15/2022 SSBT | 0.00% |
CNH/USD 05/18/2022 SSBT | 0.00% |
NZD/USD 04/20/2022 UBS | 0.00% |
AUD/USD 04/20/2022 SSBT | 0.00% |
CAD/USD 04/20/2022 JPMCB | 0.00% |
YANDEX NV-A SEDOL B5BSZB3 | 0.00% |
CHF/USD 06/15/2022 JPMCB | -0.00% |
CNH/USD 05/18/2022 TDBK | -0.00% |
GBP/USD 06/15/2022 MSCIL | -0.00% |
SGD/USD 05/18/2022 SSBT | -0.00% |
CAD/USD 04/20/2022 HSBCB | -0.00% |
CAD/USD 04/20/2022 MSCIL | -0.00% |
EUR/USD 06/15/2022 GSFX | -0.00% |
EUR/USD 06/15/2022 BANKAM | -0.00% |
EUR/USD 06/15/2022 TDBK | -0.00% |
JPY/USD 05/18/2022 JPMCB | -0.00% |
EUR/USD 06/15/2022 CITI | -0.00% |
ILS/USD 04/20/2022 SSBT | -0.00% |
EUR/USD 06/15/2022 MSCIL | -0.01% |
CNH/USD 05/18/2022 GSFX | -0.01% |
ILS/USD 04/20/2022 GSFX | -0.01% |
JPY/USD 05/18/2022 MSCIL | -0.02% |
CNH/USD 05/18/2022 HSBCB | -0.03% |
CAD/USD 04/20/2022 UBS | -0.04% |
CAD/USD 04/20/2022 CITI | -0.05% |
MICROSOFT CORP SEDOL 2588173 | 9.75% |
---|---|
NVIDIA CORP SEDOL 2379504 | 8.02% |
FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 5.14% |
AMAZON.COM INC SEDOL 2000019 | 5.05% |
CLARIVATE PLC SEDOL BJJN444 | 4.73% |
SALESFORCE.COM INC SEDOL 2310525 | 4.61% |
RENESAS ELECTRONICS CORP SEDOL 6635677 | 4.50% |
INTUIT INC SEDOL 2459020 | 4.36% |
ADOBE INC SEDOL 2008154 | 4.26% |
THOMSON REUTERS CORP SEDOL BFXPT09 | 3.67% |
VISA INC-CLASS A SHARES SEDOL B2PZN04 | 3.47% |
TAIWAN SEMICONDUCTOR MANUFAC SEDOL 6889106 | 3.30% |
MASTERCARD INC - A SEDOL B121557 | 3.10% |
ON SEMICONDUCTOR SEDOL 2583576 | 2.83% |
CERIDIAN HCM HOLDING INC SEDOL BFX1V56 | 2.71% |
ACTIVISION BLIZZARD INC SEDOL 2575818 | 2.68% |
SINO-AMERICAN SILICON PRODUC SEDOL 6335278 | 2.44% |
BAIDU INC - SPON ADR SEDOL B0FXT17 | 2.24% |
NOVATEK MICROELECTRONICS COR SEDOL 6346333 | 2.19% |
DYNATRACE INC SEDOL BJV2RD9 | 2.14% |
EVOLUTION AB SEDOL BJXSCH4 | 2.08% |
HOYA CORP SEDOL 6441506 | 2.06% |
SEA LTD-ADR SEDOL BYWD7L4 | 2.01% |
ALIBABA GROUP HOLDING LTD SEDOL BK6YZP5 | 1.94% |
YANDEX NV-A SEDOL B5BSZB3 | 1.89% |
XEROX HOLDINGS CORP SEDOL BJJD5G3 | 1.62% |
LIGHTSPEED COMMERCE INC SEDOL BMYZ2B9 | 1.54% |
JD.COM INC-ADR SEDOL BMM27D9 | 1.37% |
RINGCENTRAL INC-CLASS A SEDOL BDZCRX3 | 1.35% |
BILL.COM HOLDINGS INC SEDOL BKDS4H5 | 1.14% |
NETWORK INTERNATIONAL HOLDIN SEDOL BH3VJ78 | 0.88% |
HIMAX TECHNOLOGIES INC-ADR SEDOL B126TB6 | 0.54% |
TREASURY BILL 00.0000 05/19/2022 | 0.18% |
TREASURY BILL 00.0000 04/21/2022 | 0.16% |
TREASURY BILL 00.0000 02/10/2022 | 0.04% |
JPY/USD 02/16/2022 UBS | 0.03% |
TREASURY BILL 00.0000 03/10/2022 | 0.03% |
JPY/USD 02/16/2022 BANKAM | 0.02% |
CAD/USD 01/19/2022 HSBCB | 0.02% |
CAD/USD 01/19/2022 CITI | 0.01% |
ILS/USD 01/19/2022 GSFX | 0.01% |
JPY/USD 02/16/2022 HSBCB | 0.01% |
GBP/USD 03/16/2022 MSCIL | 0.01% |
SGD/USD 02/16/2022 JPMCB | 0.01% |
CAD/USD 01/19/2022 UBS | 0.01% |
ILS/USD 01/19/2022 SSBT | 0.01% |
JPY/USD 02/16/2022 GSFX | 0.01% |
CNH/USD 02/16/2022 SSBT | 0.00% |
GBP/USD 03/16/2022 HSBCB | 0.00% |
SGD/USD 02/16/2022 BANKAM | 0.00% |
EUR/USD 03/16/2022 BANKAM | 0.00% |
EUR/USD 03/16/2022 GSFX | 0.00% |
EUR/USD 03/16/2022 TDBK | 0.00% |
EUR/USD 03/16/2022 CITI | 0.00% |
EUR/USD 03/16/2022 MSCIL | 0.00% |
EUR/USD 03/16/2022 UBS | 0.00% |
EUR/USD 03/16/2022 WPAC | 0.00% |
CHF/USD 03/16/2022 JPMCB | 0.00% |
EUR/USD 03/16/2022 JPMCB | 0.00% |
EUR/USD 03/16/2022 SSBT | 0.00% |
SEK/USD 03/16/2022 BANKAM | 0.00% |
SEK/USD 03/16/2022 UBS | 0.00% |
AUD/USD 01/19/2022 HSBCB | 0.00% |
AUD/USD 01/19/2022 SSBT | 0.00% |
JPY/USD 02/16/2022 JPMCB | 0.00% |
EUR/USD 03/16/2022 HSBCB | -0.00% |
SEK/USD 03/16/2022 JPMCB | -0.00% |
EUR/USD 03/16/2022 BCAP-FX | -0.00% |
GBP/USD 03/16/2022 RBSF | -0.00% |
JPY/USD 02/16/2022 CITI | -0.00% |
NZD/USD 01/19/2022 UBS | -0.00% |
JPY/USD 02/16/2022 BCAP-FX | -0.00% |
GBP/USD 03/16/2022 GSFX | -0.00% |
GBP/USD 03/16/2022 UBS | -0.01% |
GBP/USD 03/16/2022 WPAC | -0.01% |
CNH/USD 02/16/2022 GSFX | -0.01% |
JPY/USD 02/16/2022 MSCIL | -0.01% |
GBP/USD 03/16/2022 BCAP-FX | -0.01% |
GBP/USD 03/16/2022 SSBT | -0.02% |
GBP/USD 03/16/2022 BANKAM | -0.02% |
JPY/USD 02/16/2022 SSBT | -0.02% |
GBP/USD 03/16/2022 JPMCB | -0.02% |
CNH/USD 02/16/2022 HSBCB | -0.06% |
Portfolio composition as of 02/28/22
Common stock | 99.71% |
---|---|
Cash and net other assets | 0.29% |
Equity statistics as of 02/28/22
Median market cap | $58.05B |
---|---|
Weighted average market cap | $603.65B |
Price to book | 4.14 |
Price to earnings | 23.60 |
Fund characteristics will vary over time.
Due to rounding, percentages may not equal 100%.
Consider these risks before investing: International investing involves currency, economic, and political risks. Emerging market securities carry illiquidity and volatility risks. Investments in small and/or midsize companies increase the risk of greater price fluctuations. The technology industries may be affected by technological obsolescence, short product cycles, falling prices and profits, competitive pressures, and general market conditions.
The fund concentrates on a limited group of industries and is non-diversified. Because the fund may invest in fewer issuers than a diversified fund, it is vulnerable to common economic forces and may result in greater losses and volatility. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. The use of short selling may result in losses if the securities appreciate in value. Risks associated with derivatives include increased investment exposure (which may be considered leverage) and, in the case of over-the-counter instruments, 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 value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political, or financial market conditions; investor sentiment and market perceptions; government actions; geopolitical events or changes; and factors related to a specific issuer, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings.
Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund.
Top industry sectors as of 02/28/22
Software | 30.63% |
---|---|
Semiconductors & Semiconductor Equipment | 21.58% |
IT Services | 12.71% |
Internet & Direct Marketing Retail | 9.05% |
Professional Services | 7.53% |
Technology Hardware, Storage & Peripherals | 6.95% |
Entertainment | 5.65% |
Interactive Media & Services | 3.35% |
Health Care Equipment & Supplies | 2.26% |
Other | 0.29% |
0
The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.
Sectors will vary over time.
Country allocation as of 02/28/22
United States | 64.34% |
---|---|
Taiwan | 7.61% |
Japan | 7.13% |
China | 6.67% |
Canada | 5.28% |
United Kingdom | 3.71% |
Netherlands | 2.02% |
Singapore | 1.61% |
United Arab Emirates | 0.81% |
Other | 0.82% |
0
Expenses
Expense ratio |
Class A | Class C | Class R | Class R6 | Class Y |
---|---|---|---|---|---|
Total expense ratio | 1.08% | 1.83% | 1.33% | 0.73% | 0.83% |
What you pay | 1.08% | 1.83% | 1.33% | 0.73% | 0.83% |
Sales charge
Breakpoint | Class A | Class C | Class R | Class R6 | Class Y |
---|---|---|---|---|---|
$0-$49,999 | 5.75% / 5.00% | 0.00% / 1.00% | -- | -- | -- |
$50,000-$99,999 | 4.50% / 3.75% | 0.00% / 1.00% | -- | -- | -- |
$100,000-$249,999 | 3.50% / 2.75% | 0.00% / 1.00% | -- | -- | -- |
$250,000-$499,999 | 2.50% / 2.00% | 0.00% / 1.00% | -- | -- | -- |
$500,000-$999,999 | 2.00% / 1.75% | 0.00% / 1.00% | -- | -- | -- |
$1M-$4M | 0.00% / 1.00% | -- | -- | -- | -- |
$4M-$50M | 0.00% / 0.50% | -- | -- | -- | -- |
$50M+ | 0.00% / 0.25% | -- | -- | -- | -- |
CDSC
Class A (sales for $1,000,000+) | Class C | Class R | Class R6 | Class Y | |
---|---|---|---|---|---|
0 to 9 mts. | 1.00% | 1.00% | -- | -- | -- |
9 to 12 mts. | 1.00% | 1.00% | -- | -- | -- |
2 yrs. | 0.00% | 0.00% | -- | -- | -- |
3 yrs. | 0.00% | 0.00% | -- | -- | -- |
4 yrs. | 0.00% | 0.00% | -- | -- | -- |
5 yrs. | 0.00% | 0.00% | -- | -- | -- |
6 yrs. | 0.00% | 0.00% | -- | -- | -- |
7+ yrs. | 0.00% | 0.00% | -- | -- | -- |
Trail commissions
Class A | Class C | Class R | Class R6 | Class Y | |
---|---|---|---|---|---|
0.25% | 1.00% | 0.50% | 0.00% | 0.00% | |
NA | NA | NA | NA | NA | |
NA | NA | NA | NA | NA |
For sales and trail commission information on purchases over $1 million and participant-directed qualified retirement plans, see a Putnam fund prospectus and the statement of additional information.
The MSCI World Information Technology Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets in the information technology sector. You cannot invest directly in an index.
Consider these risks before investing: International investing involves currency, economic, and political risks. Emerging market securities carry illiquidity and volatility risks. Investments in small and/or midsize companies increase the risk of greater price fluctuations. The technology industries may be affected by technological obsolescence, short product cycles, falling prices and profits, competitive pressures, and general market conditions.
The fund concentrates on a limited group of industries and is non-diversified. Because the fund may invest in fewer issuers than a diversified fund, it is vulnerable to common economic forces and may result in greater losses and volatility. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. The use of short selling may result in losses if the securities appreciate in value. Risks associated with derivatives include increased investment exposure (which may be considered leverage) and, in the case of over-the-counter instruments, 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 value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political, or financial market conditions; investor sentiment and market perceptions; government actions; geopolitical events or changes; and factors related to a specific issuer, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings.
Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund.