Effective June 16, 2017, Putnam Global Dividend Fund merged into Putnam Global Sector Fund.

Global Sector Fund  (PPGYX)

A world of sectors in one portfolio

Objective

The fund seeks capital appreciation.

Fund price

Yesterday’s close 52-week high 52-week low
Net asset value $12.27
0.00% | $0.00
$12.29
10/16/17
$10.02
11/04/16
Historical fund price

Fund facts as of 09/30/17

Total net assets
$26.55M
Turnover (fiscal year end)
44%
Dividend frequency
Annually
Number of holdings
9
Fiscal year end
October
CUSIP / Fund code
74677R602 / 1875
Inception Date
03/31/10
Class Y  
Category
Global Sector
Open to new investors
Ticker
PPGYX

Management team


Chief Investment Officer, Equities

Co-Director of Equity Research

Co-Director of Equity Research

Strategy and process

  • Broad sector exposure: The fund invests in eight of Putnam's actively managed global sector funds, providing exposure to all sectors of the MSCI World Index.
  • Research expertise: The underlying funds are managed by equity analysts with specialized knowledge and industry insight. They actively select stocks using fundamental bottom-up research.
  • Global approach: The managers of the underlying funds can invest in markets around the world and are supported by analysts in Boston, London, and Singapore.

Literature


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Performance

  • Total return (%) as of 09/30/17

  • Annual performance as of 09/30/17

Annualized performance 1 yr. 3 yrs. 5 yrs. Life (inception: 03/31/10 )
Before sales charge 19.01% 8.35% 11.65% 9.51%
After sales charge N/A N/A N/A N/A
MSCI World Index (ND) 18.17% 7.69% 10.99% --

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. To obtain the most recent month-end performance, visit putnam.com. Performance assumes reinvestment of distributions and does not account for taxes. Returns before sales charge do not reflect the current maximum sales charges as indicated below. Had the sales charge been reflected, returns would be lower. Returns at public offering price (after sales charge) for class A and class M shares reflect the current maximum initial sales charges of 5.75% and 3.50% for equity funds and Putnam Absolute Return 500 Fund and 700 Fund, and 4.00% and 3.25% for income funds (1.00% and 0.75% for Putnam Floating Rate Income Fund, Putnam Absolute Return 100 Fund and 300 Fund, and Putnam Short-Term Municipal Income Fund), respectively. Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declining to 1% in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, Putnam Absolute Return 100 Fund and 300 Fund, and Putnam Short-Term Municipal Income Fund, which is 1% in the first year, declining to 0.5% in the second year, and is eliminated thereafter). Class C shares reflect a 1% CDSC the first year that is eliminated thereafter. Performance for class B, C, M, R, T1, and Y shares prior to their inception is derived from the historical performance of class A shares, adjusted for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (with the exception of Putnam Tax-Free High Yield Fund and Putnam AMT-Free Municipal Fund, which are based on the historical performance of class B shares). Class R5/R6 shares, 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 R5/R6 shares before their inception are derived from the historical performance of class Y shares, which have not been adjusted for the lower expenses; had they, returns would have been higher. Class A, M, and T1 shares of Putnam money market funds have no initial sales charge. For a portion of the period, some funds had expenses limitations or had been sold on a limited basis with limited assets and expenses, without which returns would be lower.

Performance snapshot

  Before sales charge After sales charge
1 mt. as of 09/30/17 2.70 % -
YTD as of 10/20/17 20.18 % -

Risk-adjusted performance as of 09/30/17

Alpha (3 yrs.) 0.42
Sharpe ratio (3 yrs.) 0.75
Treynor ratio (3 yrs.) 7.83
Information ratio (3 yrs.) 0.31

Volatility as of 09/30/17

Standard deviation (3 yrs.) 10.83%
Beta 1.03
R-squared 0.96

Capture ratio as of 09/30/17

Up-market (3 yrs.) 108.14
Down-market (3 yrs.) 107.23

Morningstar ratings as of 09/30/17

World Large Stock Rating Funds in category
Overall (293)
3 yrs. (293)
5 yrs. (583)

Distributions

Record/Ex dividend date 12/30/16
Payable date 12/30/16
Income $0.147
Extra income $0.0
Short-term cap. gain $0.0
Long-term cap. gain $0.164

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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See how this fund compares:

  • Putnam Global Sector Fund vs.
  • Franklin Mutual Global Discovery**

Trailing 5 year performance

** FundVisualizer comparison based on Putnam fund versus the largest fund in its Morningstar category.

** FundVisualizer comparison based on Putnam fund versus the largest fund in its Morningstar category.


Holdings

Top holdings as of 09/30/17

Putnam Global Financials Fund 21.15%
Putnam Global Consumer Fund 20.90%
Putnam Global Technology Fund 16.18%
Putnam Global Health Care Fund 12.20%
Putnam Global Industrials Fund 11.56%
Putnam Global Natural Res-Y 11.36%
Putnam Global Utilities Fund 3.17%
Putnam Global Telecommunications Fund 2.79%
Putnam Government Money Market Fund 0.47%

Full portfolio holdings as of 06/30/17

PUTNAM GLOBAL FINANCIALS FUND 20.72%
PUTNAM GLOBAL CONSUMER FUND 20.06%
PUTNAM GLOBAL TECHNOLOGY FUND 16.31%
PUTNAM GLOBAL HEALTH CARE FUND 13.09%
PUTNAM GLOBAL INDUSTRIALS FUND 11.75%
PUTNAM GLOBAL NATURAL RESOURCES FUND 11.04%
PUTNAM GLOBAL UTILITIES FUND 3.34%
PUTNAM GLOBAL TELECOMMUNICATIONS FUND 3.09%
PUTNAM GOVERNMENT MONEY MARKET FUND 0.50%

Prior top holdings

Top holdings as of 09/30/17
Putnam Global Financials Fund 21.15%
Putnam Global Consumer Fund 20.90%
Putnam Global Technology Fund 16.18%
Putnam Global Health Care Fund 12.20%
Putnam Global Industrials Fund 11.56%
Putnam Global Natural Res-Y 11.36%
Putnam Global Utilities Fund 3.17%
Putnam Global Telecommunications Fund 2.79%
Putnam Government Money Market Fund 0.47%
Top holdings as of 08/31/17
Putnam Global Consumer Fund 21.55%
Putnam Global Financials Fund 20.92%
Putnam Global Technology Fund 16.16%
Putnam Global Health Care Fund 12.27%
Putnam Global Industrials Fund 11.42%
Putnam Global Natural Res-Y 10.76%
Putnam Global Utilities Fund 3.23%
Putnam Global Telecommunications Fund 2.98%
Putnam Government Money Market Fund 0.48%
Top holdings as of 07/31/17
Putnam Global Consumer Fund 21.84%
Putnam Global Financials Fund 21.10%
Putnam Global Technology Fund 15.71%
Putnam Global Health Care Fund 12.11%
Putnam Global Industrials Fund 11.31%
Putnam Global Natural Res-Y 11.11%
Putnam Global Utilities Fund 3.12%
Putnam Global Telecommunications Fund 2.96%
Putnam Govt Mmkt Fnd-G 0.50%
Top holdings as of 06/30/17
Putnam Global Financials Fund 20.70%
Putnam Global Consumer Fund 20.04%
Putnam Global Technology Fund 16.29%
Putnam Global Health Care Fund 13.07%
Putnam Global Industrials Fund 11.74%
Putnam Global Natural Res-Y 11.02%
Putnam Global Utilities Fund 3.33%
Putnam Global Telecommunications Fund 3.08%
Putnam Govt Mmkt Fnd-G 0.50%

Percentages based on market value. Portfolio composition will vary over time. Due to rounding, percentages may not equal 100%.

Money market funds are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency. Although the fund seeks to maintain a constant share price of $1.00, it is possible to lose money by investing in this fund.

Fund characteristics will vary over time.

Due to rounding, percentages may not equal 100%.

Consider these risks before investing: Our allocation of investments among the underlying funds may hurt performance. In addition, the fund's performance is subject to the risks that may affect the performance of the underlying funds, which are as follows. 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. An underlying fund may have a policy of concentrating on a limited group of industries and may be non-diversified. Because an underlying fund may invest in fewer issuers, 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. Stock prices may fall or fail to rise over time for several reasons, including general financial market conditions and factors related to a specific company or industry. You can lose money by investing in the fund.

Country Allocation as of 09/30/17

United States 60.83%
United Kingdom 6.29%
Japan 5.24%
Canada 3.51%
Cash and net other assets 3.43%
Germany 2.62%
France 2.54%
Netherlands 1.92%
Switzerland 1.76%
 
Other
11.86%
China 1.53%
Hong Kong 1.53%
Australia 1.26%
Italy 1.05%
Belgium 0.98%
India 0.97%
Ireland 0.84%
South Korea 0.84%
Sweden 0.55%
Taiwan 0.48%
Argentina 0.47%
Spain 0.43%
Brazil 0.31%
Finland 0.19%
Indonesia 0.13%
Chile 0.12%
Turkey 0.08%
Luxembourg 0.06%
South Africa 0.04%

Expenses

Expense ratio

Class A Class B Class C Class M Class R Class Y
Total expense ratio 2.85% 3.60% 3.60% 3.35% 3.10% 2.60%
What you pay† 1.25% 2.00% 2.00% 1.75% 1.50% 1.00%

† The fund's expense ratio is taken from the most recent prospectus and is subject to change. What you pay reflects Putnam Management's decision to contractually limit expenses through 02/28/18

Sales charge/Dealer allowance

 Breakpoint Class A Class B Class C Class M Class R Class Y
$0-$49,999 5.75% / 5.00% 0.00% / 4.00% 0.00% / 1.00% 3.50% / 3.00% -- --
$50,000-$99,999 4.50% / 3.75% 0.00% / 4.00% 0.00% / 1.00% 2.50% / 2.00% -- --
$100,000-$249,999 3.50% / 2.75% -- 0.00% / 1.00% 1.50% / 1.00% -- --
$250,000-$499,999 2.50% / 2.00% -- 0.00% / 1.00% 1.00% / 1.00% -- --
$500,000-$999,999 2.00% / 1.75% -- 0.00% / 1.00% 1.00% / 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 B Class C Class M Class R Class Y
0 to 9 mts. 1.00% 5.00% 1.00% -- -- --
9 to 12 mts. 0.00% 5.00% 1.00% -- -- --
2 yrs. -- 4.00% 0.00% -- -- --
3 yrs. -- 3.00% 0.00% -- -- --
4 yrs. -- 3.00% 0.00% -- -- --
5 yrs. -- 2.00% 0.00% -- -- --
6 yrs. -- 1.00% 0.00% -- -- --
7+ yrs. -- 0.00% 0.00% -- -- --

Trail commissions

  Class A Class B Class C Class M Class R Class Y
  0.25% 0.25% 1.00% 0.65% 0.50% 0.00%
  NA NA 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 Index is a free float-adjusted market capitalization weighted index of equity securities that is designed to measure the equity market performance of developed markets. You cannot invest directly in an index.

Consider these risks before investing: Our allocation of investments among the underlying funds may hurt performance. In addition, the fund's performance is subject to the risks that may affect the performance of the underlying funds, which are as follows. 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. An underlying fund may have a policy of concentrating on a limited group of industries and may be non-diversified. Because an underlying fund may invest in fewer issuers, 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. Stock prices may fall or fail to rise over time for several reasons, including general financial market conditions and factors related to a specific company or industry. You can lose money by investing in the fund.