Fund Evaluator:
Putnam Global Technology R6 (PTTEX)
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Best Performing in Technology Over the Last Year
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Fund Details
Putnam Global Technology R6 Overview
Putnam Global Technology R6 (PTTEX) is an actively managed Sector Equity Technology fund. Franklin Templeton Investments launched the fund in 2018.
The investment seeks capital appreciation. The fund invests mainly in common stocks (growth or value stocks or both) of large and midsize companies worldwide that the manager believes have favorable investment potential. Under normal circumstances, it invests at least 80% of its net assets in securities of companies in the technology industries. The fund is non-diversified.
About Putnam Global Technology R6 (PTTEX)
There are 2 members of the management team with an average tenure of 8.17 years: Di Yao (2012), Andrew O'Brien (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and MSCI ACWI/Information Technology NR USD index with a weighting of 100%. Putnam Global Technology R6 has 42 securities in its portfolio. The top 10 holdings constitute 67.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Putnam Global Technology R6 is part of the Equity global asset class and is within the Sector Equity fund group. Putnam Global Technology R6 has 36.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 63.4%. There is 36.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Putnam Global Technology R6 has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $170 million in total assets, which is below the $1 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PTTEX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Putnam Global Technology R6 expense ratio is above average compared to funds in the Technology category. Putnam Global Technology R6 has an expense ratio of 0.69%, which is 44% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Putnam Global Technology R6 has a portfolio turnover rate of 66%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 78% for the Technology category.
Recently, in the month of July 2026, Putnam Global Technology R6 returned -6.6%, which earned it a grade of B, as the Technology category had an average return of -8.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Putnam Global Technology R6 has a trailing yield of 0.00%, which is below the 0.05% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Putnam Global Technology R6 Grades
Year to date, the fund has returned 27.1%, 5.7 percentage points better than the category, which translates into a grade of B. The fund has returned 38.5% over the past year (grade of B), 29.3% over the past three years (grade of B) and 16.0% per year over the past five years (grade of B) and 23.9% per year over the past 10 years (grade of B).
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PTTEX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PTTEX Return (NAV) | -6.6% | 10.7% | 38.5% | 29.3% | 16.0% | 23.9% |
| PTTEX Grade | B | A | B | B | B | B |
| +/- Category | 2.1% | 3.9% | 3.8% | 2.4% | 3.3% | 3.2% |
| Technology Avg | -8.6% | 6.8% | 34.7% | 26.9% | 12.7% | 20.8% |
| PTTEX Tax Cost Ratio | na | na | 2.9% | 1.6% | 2.2% | na |
PTTEX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PTTEX Return (NAV) | 27.1% | 23.4% | 27.8% | 54.0% | -32.2% | 11.6% | 71.1% | 47.8% | -6.4% | 47.0% | 12.6% |
| PTTEX Grade | B | C | C | C | A | D | A | B | D | A | B |
| +/- Category | 5.7% | -1.4% | -0.6% | 4.3% | 6.0% | -5.6% | 14.2% | 6.5% | -2.5% | 9.7% | 1.8% |
| Technology Avg | 21.4% | 24.7% | 28.3% | 49.6% | -38.2% | 17.2% | 56.9% | 41.2% | -3.9% | 37.4% | 10.8% |
| Risk Measures | |
| Standard Deviation: | 23.7% |
| Total Risk Index: | 1.93 - High |
| Category Risk Index: | 0.94 - Average |
| Category Risk Grade: | C (44% Rank) |
| Beta: | 1.57 |
| R-Squared: | 70% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1823 Mil |
| Fund Total Assets: | $ 170 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 66% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 13.6 years | |||
| Average Tenure: 8.2 years | |||
| Managers (Year): Yao Di (2012), O'Brien Andrew (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 42 |
| % in Top 10 Holdings: | 67.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 36.1% |
Portfolio Allocation |
|
| Domestic Stock: | 63.4% |
| Foreign Stock: | 36.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 800-225-1581 |
| Website: | www.putnam.com |
| Status: | Open |
| Inception Date: | May 22, 2018 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.69% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.23% |
| Share Class: | Putnam Global Technology Y |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
