Putnam Global Technology A Fund PGTAX invests the lion’s share of its assets in common stocks, including either value or growth stocks or both, of technology companies. PGTAX invests mainly in large- and mid-cap tech companies that are expected to have strong investment prospects. PGTAX seeks appreciation of capital. PGTAX is a non-diversified fund.
This Sector - Tech product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 21.4% and 5 year 18.6%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
PGTAX’s performance, as of the last filing, when compared to funds in its category was in the top 5% over the past 1 year, and in the top 8% over the past 3 years and in the top 33% over the past 5 years.
The Putnam Global Technology A fund, as of the last filing, allocates their fund in top two major groups; Large Growth and Foreign Stock. Further, as of the last filing, Alphabet (NASDAQ:GOOGL) Inc, Apple Inc (NASDAQ:AAPL) and Facebook Inc (NASDAQ:FB) were the top holdings for PGTAX.
This Zacks Rank #1 (Strong Buy) was incepted in December 2008 and is managed by Putnam Funds. PGTAX carries an expense ratio of 1.30% and requires a minimal initial investment of $0.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
View All Zacks #1 Ranked Mutual Funds
Get Your Free (PGTAX): Fund Analysis Report
Original post