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Strategy highlights

Research-intensive process

Focuses fundamental research on catalyst-driven opportunities to identify emerging and established companies poised to benefit from innovations, and disruptions

Global multi-cap orientation

Covers a broad universe of technology companies across global markets and cap spectrum, investing approximately 30% of the portfolio outside the U.S. and in small and mid caps

Concentrated, high-conviction approach

Utilizes a bottom-up approach and disciplined risk management to build a focused portfolio of 25–35 high-conviction names, seeking alpha over a full market cycle

Inception date

January 31, 2009

Benchmark

MSCI ACWI Information Technology Index (NR)

Total strategy assets†

$1.51B
(as of September 2025)

Investment vehicles

Separate account
U.S. mutual fund
UCITS

 

No assurance can be given that the investment objective will be achieved or that an investor will receive a return of all or part of his or her initial investment. Actual results could be materially different from the stated goals. Investors should carefully consider the risks involved before deciding to invest. As with any investment, there is a potential for profit as well as the possibility of loss.

†Assets may include accounts that are not reflected in the composite.

Investment Team

Di Yao

Singapore

Managed Fund Since 2012

Andy O'Brien, CFA®

Massachusetts, United States

Managed Fund Since 2023

 

 

Performance

  • Annualized performance
  • Calendar-year performance

Annualized performance

Annualized composite performance (%)

As of 10/31/2025

Chart

Bar chart with 3 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 19.48 to 39.05.
End of interactive chart.

Month End   As of 10/31/2025
Putnam Global Technology Gross (%)
1 Year  
33.90
3 Years  
39.05
5 Years  
20.42
10 Years  
23.46
Month End   As of 10/31/2025
Putnam Global Technology Net (%)
1 Year  
32.86
3 Years  
37.97
5 Years  
19.48
10 Years  
22.62
Month End   As of 10/31/2025
MSCI ACWI Information Technology Index-NR (%)
1 Year  
38.74
3 Years  
37.31
5 Years  
22.81
10 Years  
22.11

Past performance is not a guarantee of future results. An investment in this strategy could lose value. Most recent month-end performance is preliminary. Returns are subject to change.

Gross performance includes the deduction of transaction costs but does not include the deduction of management fees and other expenses that may be incurred in managing an investment account. A portfolio's return will be reduced by advisory and other fees. Net performance reflects the deduction of a model fee applied on a monthly basis, equal to the actual management fee incurred by a portfolio in the composite or the highest management fee that would be charged to a prospect of the strategy, whichever is higher. The model fee may change over time. Actual advisory fees may vary among clients with the same investment strategy. The composite includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy.

Performance results are of the composite. To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236. Putnam Investments claims compliance with the Global Investment Performance Standards (GIPS® ). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

Periods less than one year are not annualized. Performance is stated in U.S. dollars and includes the reinvestment of dividends and interest

Calendar-year performance

Calendar-year composite performance (%)

As of 10/31/2025


Chart

Bar chart with 3 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -32.25 to 72.39.
End of interactive chart.

Month End   As of 10/31/2025
Putnam Global Technology Gross (%)
YTD  
31.01
2024  
28.68
2023  
55.13
2022  
-31.68
2021  
12.48
2020  
72.39
2019  
48.91
2018  
-5.60
2017  
48.53
2016  
13.76
2015  
12.06
Performance Inception Date  
01/31/2009
Month End   As of 10/31/2025
Putnam Global Technology Net (%)
YTD  
30.16
2024  
27.68
2023  
53.94
2022  
-32.25
2021  
11.59
2020  
71.32
2019  
48.05
2018  
-6.17
2017  
47.67
2016  
13.09
2015  
11.23
Performance Inception Date  
01/31/2009
Month End   As of 10/31/2025
MSCI ACWI Information Technology Index-NR (%)
YTD  
31.77
2024  
31.59
2023  
51.02
2022  
-30.98
2021  
29.85
2020  
43.78
2019  
47.55
2018  
-2.60
2017  
38.23
2016  
11.45
2015  
4.76
Performance Inception Date  
—

Past performance is not a guarantee of future results. An investment in this strategy could lose value. Most recent month-end performance is preliminary. Returns are subject to change.

Gross performance includes the deduction of transaction costs but does not include the deduction of management fees and other expenses that may be incurred in managing an investment account. A portfolio's return will be reduced by advisory and other fees. Net performance reflects the deduction of a model fee applied on a monthly basis, equal to the actual management fee incurred by a portfolio in the composite or the highest management fee that would be charged to a prospect of the strategy, whichever is higher. The model fee may change over time. Actual advisory fees may vary among clients with the same investment strategy. The composite includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy.

Performance results are of the composite. To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236. Putnam Investments claims compliance with the Global Investment Performance Standards (GIPS® ). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.

Periods less than one year are not annualized. Performance is stated in U.S. dollars and includes the reinvestment of dividends and interest

Literature

Strategy
Strategy profile (pdf)

 

What Are The Risks?


All investments involve risks, including possible loss of principal. The investment style may become out of favor, which may have a negative impact on performance. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated.