Mr. Yao is a Portfolio Manager of Putnam Global Technology Fund and an Analyst in the Equity Research group, focusing on the non-U.S. technology sector. He is responsible for conducting fundamental analysis and valuation of the companies in the semiconductor and hardware industries, and making buy/sell recommendations. Previously at Putnam, Mr. Yao was a Programmer Analyst in the Equity Research group. He has been in the investment industry since he joined Putnam in 2005.