Mr. Yao is an Analyst in the Technology group for Large Cap Equity Research. In this role, he is responsible
for conducting fundamental analysis of international technology companies and making buy/sell
recommendations on technology companies for a number of broad portfolios at Putnam. In addition, he is
a Portfolio Manager of Putnam Global Sector Fund and Putnam Global Technology Fund. Mr. Yao has been
in the investment industry since he joined Putnam as a Programmer Analyst in Equity Research in 2005.