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, Putnam Fixed Income Absolute Return Fund, and Putnam Short-Term Municipal Income 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 R6) (PTTEX)
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 |
Yesterday’s close | 52-week high | 52-week low |
---|---|---|---|
Net asset value |
$64.40
-3.14% | $-2.09 |
$72.61
02/16/21 |
$34.99
03/18/20 |
Fund facts as of 02/28/21
$1,100.46M
90%
Annually
34
August
74676P367 / 8869
05/22/18
Global Sector
PTTEX
Literature
Fund documents |
Prospectuses/SAI |
Fact Sheet (YA share) (PDF) |
Annual Report (PDF) |
Semiannual Report (PDF) |
Equity Outlook (PDF) |
The future is happening faster now
We rarely see as much disruption as we have seen in 2020, and we believe this offers investment opportunities.Performance
Total return (%) as of 12/31/20
Annual performance as of 12/31/20
Annualized Total return (%) as of 12/31/20
Annualized performance | 1 yr. | 3 yrs. | 5 yrs. | 10 yrs. |
---|---|---|---|---|
Before sales charge | 71.06% | 33.25% | 31.40% | 20.74% |
After sales charge | N/A | N/A | N/A | N/A |
MSCI World Information Technology Index (ND) | 43.78% | 27.37% | 26.06% | 18.60% |
Performance snapshot
Before sales charge | After sales charge | ||
---|---|---|---|
1 mt. as of 02/28/21 | 5.34% | - | |
YTD as of 03/08/21 | -0.63% | - | |
Morningstar Ratings™ as of 01/31/21
Time period | Funds in category | Morningstar Rating™ |
---|---|---|
Overall | 202 | |
3 yrs. | 202 | |
5 yrs. | 178 | |
10 yrs. | 156 |
Distributions
Record/Ex dividend date | 12/23/20 |
---|---|
Payable date | 12/28/20 |
Income | -- |
Extra income | -- |
Short-term cap. gain | $7.062 |
Long-term cap. gain | $1.727 |
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.
Compare
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** FundVisualizer comparison based on Putnam fund versus the largest fund in its Morningstar category.
Holdings
Microsoft Corp | 13.67% |
---|---|
Sino-American Silicon Products | 4.03% |
Dynatrace | 4.03% |
Apple | 4.00% |
Adobe | 3.90% |
Baidu | 3.70% |
Sea | 3.51% |
Visa | 3.50% |
Qualcomm | 3.35% |
Ceridian Hcm Holding | 3.33% |
Top 10 holdings, percent of portfolio | 47.02% |
Top 10 holdings as of 01/31/21 | |
---|---|
Microsoft Corp | |
Sino-American Silicon Products | |
Dynatrace | |
Apple | |
Adobe | |
Baidu | |
Sea | |
Visa | |
Qualcomm | |
Ceridian Hcm Holding | |
Holdings represent 47.02% of portfolio |
Top 10 holdings as of 12/31/20 | |
---|---|
Microsoft Corp | |
Sino-American Silicon Products | |
Dynatrace | |
Paypal Holdings | |
Visa | |
Adobe | |
Ceridian Hcm Holding | |
Baidu | |
Sea | |
Sk Hynix | |
Holdings represent 48.82% of portfolio |
Top 10 holdings as of 11/30/20 | |
---|---|
Microsoft Corp | |
Paypal Holdings | |
Visa | |
Adobe | |
Dynatrace | |
Sea | |
Sino-American Silicon Products | |
Fidelity National Information Services | |
Sk Hynix | |
Applied Materials | |
Holdings represent 46.38% of portfolio |
Top 10 holdings as of 10/31/20 | |
---|---|
Microsoft Corp | |
Visa | |
Adobe | |
Paypal Holdings | |
Tencent Holdings | |
Sea | |
Dynatrace | |
Ceridian Hcm Holding | |
Sk Hynix | |
Fidelity National Information Services | |
Holdings represent 48.78% of portfolio |
MICROSOFT CORP SEDOL 2588173 | 13.73% |
---|---|
SINO-AMERICAN SILICON PRODUC SEDOL 6335278 | 4.77% |
DYNATRACE INC SEDOL BJV2RD9 | 4.26% |
PAYPAL HOLDINGS INC SEDOL BYW36M8 | 4.25% |
VISA INC-CLASS A SHARES SEDOL B2PZN04 | 4.01% |
ADOBE INC SEDOL 2008154 | 3.96% |
CERIDIAN HCM HOLDING INC SEDOL BFX1V56 | 3.87% |
BAIDU INC - SPON ADR SEDOL B0FXT17 | 3.45% |
SEA LTD-ADR SEDOL BYWD7L4 | 3.27% |
SK HYNIX INC SEDOL 6450267 | 3.25% |
LIGHTSPEED POS INC-SUB VOTE SEDOL BGHVW01 | 3.24% |
QUALCOMM INC SEDOL 2714923 | 3.07% |
RENESAS ELECTRONICS CORP SEDOL 6635677 | 2.93% |
TAIWAN SEMICONDUCTOR MANUFAC SEDOL 6889106 | 2.80% |
APPLIED MATERIALS INC SEDOL 2046552 | 2.70% |
MASTERCARD INC - A SEDOL B121557 | 2.56% |
FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 2.54% |
CLARIVATE PLC SEDOL BJJN444 | 2.50% |
NETWORK INTERNATIONAL HOLDIN SEDOL BH3VJ78 | 2.28% |
JD.COM INC-ADR SEDOL BMM27D9 | 2.20% |
21VIANET GROUP INC-ADR SEDOL B3Q0VS9 | 2.11% |
ACTIVISION BLIZZARD INC SEDOL 2575818 | 2.07% |
TENCENT HOLDINGS LTD SEDOL BMMV2K8 | 2.05% |
RINGCENTRAL INC-CLASS A SEDOL BDZCRX3 | 1.99% |
XEROX HOLDINGS CORP SEDOL BJJD5G3 | 1.90% |
DIALOG SEMICONDUCTOR PLC SEDOL 5982200 | 1.86% |
PENN NATIONAL GAMING INC SEDOL 2682105 | 1.77% |
AMAZON.COM INC SEDOL 2000019 | 1.67% |
TOKYO ELECTRON LTD SEDOL 6895675 | 1.67% |
KINGSOFT CLOUD HOLDINGS-ADR SEDOL BM8R675 | 1.46% |
ALIBABA GROUP HOLDING LTD SEDOL BK6YZP5 | 1.27% |
DRAGONEER GROWTH OPPORTUNITI SEDOL BKSGZD7 | 1.04% |
TOKYO SEIMITSU CO LTD SEDOL 6894304 | 0.98% |
ALTIMETER GROWTH CORP SEDOL BMCMWR8 | 0.62% |
CONTEXTLOGIC INC - A SEDOL BMYDFW5 | 0.60% |
ALIBABA GROUP HOLDING-SP ADR SEDOL BP41ZD1 | 0.45% |
TREASURY BILL 00.0000 04/15/2021 | 0.15% |
TREASURY BILL 00.0000 03/18/2021 | 0.08% |
TREASURY BILL 00.0000 01/12/2021 | 0.06% |
TREASURY BILL 00.0000 01/19/2021 | 0.02% |
CAD/USD 01/20/2021 WPAC | 0.01% |
ILS/USD 01/20/2021 GSFX | 0.01% |
CAD/USD 01/20/2021 BANKAM | 0.01% |
JPY/USD 02/17/2021 MSCIL | 0.01% |
TREASURY BILL 00.0000 01/05/2021 | 0.01% |
CAD/USD 01/20/2021 TDBK | 0.01% |
ILS/USD 01/20/2021 SSBT | 0.01% |
TREASURY BILL 00.0000 02/16/2021 | 0.01% |
AUD/USD 01/20/2021 PSBS | 0.01% |
CAD/USD 01/20/2021 BCAP-FX | 0.00% |
EUR/USD 03/17/2021 GSFX | 0.00% |
EUR/USD 03/17/2021 UBS | 0.00% |
CAD/USD 01/20/2021 HSBCB | 0.00% |
EUR/USD 03/17/2021 SSBT | 0.00% |
EUR/USD 03/17/2021 TDBK | 0.00% |
SEK/USD 03/17/2021 JPMCB | 0.00% |
EUR/USD 03/17/2021 BANKAM | 0.00% |
EUR/USD 03/17/2021 WPAC | 0.00% |
JPY/USD 02/17/2021 CITI | 0.00% |
JPY/USD 02/17/2021 SSBT | 0.00% |
SEK/USD 03/17/2021 BANKAM | 0.00% |
CAD/USD 01/20/2021 GSFX | 0.00% |
EUR/USD 03/17/2021 MSCIL | 0.00% |
SEK/USD 03/17/2021 SSBT | 0.00% |
EUR/USD 03/17/2021 CITI | 0.00% |
CHF/USD 03/17/2021 JPMCB | 0.00% |
EUR/USD 03/17/2021 BCAP-FX | 0.00% |
JPY/USD 02/17/2021 BANKAM | 0.00% |
JPY/USD 02/17/2021 JPMCB | 0.00% |
CAD/USD 01/20/2021 MSCIL | -0.00% |
EUR/USD 03/17/2021 HSBCB | -0.00% |
GBP/USD 03/17/2021 BCAP-FX | -0.00% |
GBP/USD 03/17/2021 GSFX | -0.00% |
GBP/USD 03/17/2021 WPAC | -0.00% |
JPY/USD 02/17/2021 GSFX | -0.00% |
JPY/USD 02/17/2021 BCAP-FX | -0.00% |
KRW/USD 02/17/2021 GSFX | -0.00% |
JPY/USD 02/17/2021 UBS | -0.01% |
CAD/USD 01/20/2021 CITI | -0.01% |
CNH/USD 02/18/2021 WPAC | -0.01% |
CNH/USD 02/18/2021 GSFX | -0.01% |
GBP/USD 03/17/2021 JPMCB | -0.01% |
CAD/USD 01/20/2021 UBS | -0.01% |
JPY/USD 02/17/2021 HSBCB | -0.01% |
GBP/USD 03/17/2021 BANKAM | -0.02% |
GBP/USD 03/17/2021 HSBCB | -0.02% |
CAD/USD 01/20/2021 PSBS | -0.06% |
KRW/USD 02/17/2021 JPMCB | -0.06% |
CNH/USD 02/18/2021 SSBT | -0.06% |
CNH/USD 02/18/2021 HSBCB | -0.13% |
MICROSOFT CORP SEDOL 2588173 | 16.68% |
---|---|
VISA INC-CLASS A SHARES SEDOL B2PZN04 | 4.78% |
ADOBE INC SEDOL 2008154 | 4.31% |
PAYPAL HOLDINGS INC SEDOL BYW36M8 | 4.16% |
TENCENT HOLDINGS LTD SEDOL BMMV2K8 | 3.63% |
DYNATRACE INC SEDOL BJV2RD9 | 3.58% |
SEA LTD-ADR SEDOL BYWD7L4 | 3.55% |
RENESAS ELECTRONICS CORP SEDOL 6635677 | 3.48% |
RINGCENTRAL INC-CLASS A SEDOL BDZCRX3 | 3.31% |
MASTERCARD INC - A SEDOL B121557 | 3.00% |
FIDELITY NATIONAL INFO SERV SEDOL 2769796 | 3.00% |
TALEND SA - ADR SEDOL BD39HN6 | 2.79% |
CERIDIAN HCM HOLDING INC SEDOL BFX1V56 | 2.70% |
ALIBABA GROUP HOLDING LTD SEDOL BK6YZP5 | 2.54% |
APPLIED MATERIALS INC SEDOL 2046552 | 2.53% |
SK HYNIX INC SEDOL 6450267 | 2.36% |
LIGHTSPEED POS INC-SUB VOTE SEDOL BGHVW01 | 2.34% |
TAIWAN SEMICONDUCTOR MANUFAC SEDOL 6889106 | 2.28% |
ACTIVISION BLIZZARD INC SEDOL 2575818 | 2.23% |
21VIANET GROUP INC-ADR SEDOL B3Q0VS9 | 2.17% |
TOKYO ELECTRON LTD SEDOL 6895675 | 2.13% |
CLARIVATE PLC SEDOL BJJN444 | 2.12% |
AMAZON.COM INC SEDOL 2000019 | 2.00% |
BAIDU INC - SPON ADR SEDOL B0FXT17 | 1.98% |
SINO-AMERICAN SILICON PRODUC SEDOL 6335278 | 1.98% |
JD.COM INC-ADR SEDOL BMM27D9 | 1.96% |
XEROX HOLDINGS CORP SEDOL BJJD5G3 | 1.90% |
TOKYO SEIMITSU CO LTD SEDOL 6894304 | 1.63% |
GODADDY INC - CLASS A SEDOL BWFRFC6 | 1.62% |
PENN NATIONAL GAMING INC SEDOL 2682105 | 1.52% |
NXP SEMICONDUCTORS NV SEDOL B505PN7 | 1.46% |
NETWORK INTERNATIONAL HOLDIN SEDOL BH3VJ78 | 1.33% |
DRAGONEER GROWTH OPPORTUNITI SEDOL BKSGZD7 | 1.27% |
SPAQ/FISKER | 0.61% |
SNOWFLAKE INC-CLASS A SEDOL BN134B7 | 0.41% |
SPARTAN ENERGY ACQUISITION-A SEDOL BFM58P8 | 0.26% |
TREASURY BILL 00.0000 12/10/2020 | 0.16% |
CASH MGMT BILL 00.0000 12/08/2020 | 0.12% |
TREASURY BILL 00.0000 12/03/2020 | 0.06% |
TREASURY BILL 00.0000 10/27/2020 | 0.05% |
TREASURY BILL 00.0000 11/05/2020 | 0.04% |
GBP/USD 12/16/2020 JPMCB | 0.03% |
CAD/USD 10/21/2020 BANKAM | 0.01% |
CAD/USD 10/21/2020 TDBK | 0.01% |
GBP/USD 12/16/2020 BCAP-FX | 0.01% |
GBP/USD 12/16/2020 GSFX | 0.01% |
GBP/USD 12/16/2020 WPAC | 0.01% |
CAD/USD 10/21/2020 MSCIL | 0.00% |
AUD/USD 10/21/2020 SSBT | 0.00% |
CAD/USD 10/21/2020 GSFX | 0.00% |
CAD/USD 10/21/2020 BCAP-FX | 0.00% |
CAD/USD 10/21/2020 CITI | 0.00% |
GBP/USD 12/16/2020 HSBCB | 0.00% |
CAD/USD 10/21/2020 HSBCB | 0.00% |
ILS/USD 10/21/2020 GSFX | 0.00% |
ILS/USD 10/21/2020 SSBT | 0.00% |
JPY/USD 11/18/2020 BANKAM | 0.00% |
JPY/USD 11/18/2020 BCAP-FX | 0.00% |
JPY/USD 11/18/2020 HSBCB | 0.00% |
JPY/USD 11/18/2020 JPMCB | 0.00% |
JPY/USD 11/18/2020 UBS | 0.00% |
EUR/USD 12/16/2020 BCAP-FX | -0.00% |
CHF/USD 12/16/2020 JPMCB | -0.00% |
JPY/USD 11/18/2020 SSBT | -0.00% |
SEK/USD 12/16/2020 SSBT | -0.00% |
EUR/USD 12/16/2020 CITI | -0.00% |
SEK/USD 12/16/2020 BANKAM | -0.00% |
CAD/USD 10/21/2020 UBS | -0.00% |
EUR/USD 12/16/2020 BANKAM | -0.00% |
EUR/USD 12/16/2020 HSBCB | -0.00% |
SEK/USD 12/16/2020 JPMCB | -0.01% |
EUR/USD 12/16/2020 WPAC | -0.01% |
EUR/USD 12/16/2020 GSFX | -0.01% |
EUR/USD 12/16/2020 SSBT | -0.01% |
EUR/USD 12/16/2020 TDBK | -0.01% |
EUR/USD 12/16/2020 UBS | -0.01% |
CNH/USD 11/18/2020 GSFX | -0.02% |
KRW/USD 11/18/2020 JPMCB | -0.03% |
CAD/USD 10/21/2020 SSBT | -0.03% |
CNH/USD 11/18/2020 SSBT | -0.06% |
CNH/USD 11/18/2020 HSBCB | -0.24% |
Portfolio composition as of 01/31/21
Common stock | 99.68% |
---|---|
Cash and net other assets | 0.32% |
Equity statistics as of 01/31/21
Median market cap | $40.57B |
---|---|
Weighted average market cap | $464.69B |
Price to book | 5.97 |
Price to earnings | 26.94 |
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 01/31/21
Software | 31.72% |
---|---|
Semiconductors & Semiconductor Equipment | 24.19% |
IT Services | 15.78% |
Internet & Direct Marketing Retail | 7.53% |
Technology Hardware, Storage & Peripherals | 5.70% |
Entertainment | 5.52% |
Interactive Media & Services | 3.70% |
Professional Services | 2.85% |
Diversified Financial Services | 2.69% |
Other | 0.32% |
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 01/31/21
United States | 56.59% |
---|---|
China | 12.52% |
Taiwan | 7.13% |
Japan | 5.20% |
Canada | 5.19% |
United Kingdom | 3.99% |
Thailand | 3.51% |
South Korea | 3.19% |
United Arab Emirates | 2.36% |
Other | 0.32% |
0
Expenses
Expense ratio |
Class A | Class C | Class R | Class R6 | Class Y |
---|---|---|---|---|---|
Total expense ratio | 1.10% | 1.85% | 1.35% | 0.74% | 0.85% |
What you pay | 1.10% | 1.85% | 1.35% | 0.74% | 0.85% |
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.