Global Sector Fund (PPGAX)

A world of sectors in one portfolio

  • Highlights
  • Performance
  • Holdings
  • Expenses

Fund price

Yesterday's close 52-week high 52-week low
Net asset value $10.03
0.30% ( $0.03 )

Management team

Aaron M. Cooper, CFASheba M. Alexander, CFAIsabel  BuccellatiJacquelyne J. CavanaughKelsey  Chen Ph.D.Neil P. DesaiChristopher J. EitzmannVivek  Gandhi, CFARyan W KauppilaGreg  KellyDavid  MorganFerat  OngorenWalter D. Scully, CPADi  Yao

(pictured left to right)
Aaron M. Cooper, CFA (industry since 1999)
Sheba M. Alexander, CFA (industry since 1995)
Isabel Buccellati (industry since 1994)
Jacquelyne J. Cavanaugh (industry since 1995)
Kelsey Chen Ph.D. (industry since 1999)
Neil P. Desai (industry since 1997)
Christopher J. Eitzmann (industry since 2003)
Vivek Gandhi, CFA (industry since 1994)
Ryan W Kauppila (industry since 2000)
Greg Kelly (industry since 1999)
David Morgan (industry since 1995)
Ferat Ongoren (industry since 1997)
Walter D. Scully, CPA (industry since 1996)
Di Yao (industry since 2005)

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.

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

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, T, 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 T 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.

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. Securities in the fund do not match those in the index and performance of the fund will differ. It is not possible to 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.

You can lose money by investing in a fund. Any given fund may not achieve its goal, and is not intended as a complete investment program. All funds have risk. The value and/or returns of a portfolio will fluctuate with market conditions. You may have more or less than the original amount invested when you redeem your shares.