- CUSIP
- 746778802
- Issuer
- Putnam
- Inception Date
- Aug 17, 2020
- Category
- Health & Biotech Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
PGHAX Performance Chart
Putnam Global Health Care Fund (PGHAX) is down 2.3% since the beginning of the year. PGHAX is currently trading at $70 per share. Investors who bought $1,000 worth of PGHAX shares 5 years ago would now be looking at an investment worth $1,356.
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Returns By Period
Putnam Global Health Care Fund (PGHAX) has returned -2.28% so far this year and 16.08% over the past 12 months.
Putnam Global Health Care Fund
- 1D
- -1.09%
- 1M
- -1.42%
- YTD
- -2.28%
- 6M
- -2.44%
- 1Y
- 16.08%
- 3Y*
- 7.10%
- 5Y*
- 6.28%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PGHAX Monthly Returns History
Based on dividend-adjusted daily data since Jun 1, 2020, PGHAX's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 55% of months were positive and 45% were negative. The best month was Oct 2022 with a return of +10.1%, while the worst month was Dec 2024 at -7.3%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PGHAX closed higher 52% of trading days. The best single day was Dec 21, 2023 with a return of +5.5%, while the worst single day was Apr 4, 2025 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.80% | 3.53% | -7.11% | -0.25% | 2.14% | -1.05% | -2.28% | ||||||
| 2025 | 6.29% | 2.55% | -3.52% | -1.79% | -6.22% | 2.20% | -3.41% | 6.98% | 1.57% | 3.40% | 9.14% | -1.43% | 15.58% |
| 2024 | 2.88% | 2.42% | 3.11% | -2.75% | 2.37% | 1.83% | 3.13% | 5.39% | -3.37% | -4.69% | -0.49% | -7.32% | 1.69% |
| 2023 | -1.91% | -3.42% | 3.36% | 1.97% | -0.60% | 3.35% | -0.08% | 0.31% | -1.44% | -3.55% | 6.28% | 5.40% | 9.48% |
| 2022 | -6.93% | -0.06% | 5.25% | -4.74% | -0.77% | -2.49% | 3.07% | -5.77% | -4.32% | 10.10% | 5.00% | -1.38% | -4.39% |
| 2021 | 0.45% | -1.75% | 2.23% | 3.25% | 1.67% | 2.09% | 2.16% | 4.26% | -3.71% | 5.16% | -3.96% | 7.14% | 19.99% |
Benchmark Metrics
Putnam Global Health Care Fund has an annualized alpha of 0.13%, beta of 0.56, and R2 of 0.43 versus S&P 500 Index. Calculated based on daily prices since June 01, 2020.
- This fund participated in 78.96% of S&P 500 Index downside but only 59.93% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.56 may look defensive, but with R2 of 0.43 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.43 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.13%
- Beta
- 0.56
- R²
- 0.43
- Upside Capture
- 59.93%
- Downside Capture
- 78.96%
Expense Ratio
PGHAX has an expense ratio of 0.72%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PGHAX ranks 17 for risk / return — in the bottom 17% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam Global Health Care Fund (PGHAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PGHAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.78 | -1.18 |
| Martin ratioReturn relative to average drawdown | 3.96 | 12.44 | -8.47 |
Dividends
Dividend History
Putnam Global Health Care Fund provided a 1.90% dividend yield over the last twelve months, with an annual payout of $1.32 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.32 | $1.32 | $2.95 | $3.45 | $4.66 | $7.82 | $5.80 |
Dividend yield | 1.90% | 1.86% | 4.71% | 5.33% | 7.48% | 11.17% | 8.93% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Global Health Care Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.32 | $1.32 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.95 | $2.95 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.45 | $3.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.66 | $4.66 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.82 | $7.82 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Global Health Care Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam Global Health Care Fund was 20.52%, occurring on May 14, 2025. Recovery took 163 trading sessions.
The current Putnam Global Health Care Fund drawdown is 6.35%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -20.52%May 2025 | 8mo 13d | 7mo 28d | 1y 4moSep 2024 - Jan 2026 |
Bear market2022 | -18.57%Sep 2022 | 5mo 18d | 1y 2mo | 1y 8moApr 2022 - Dec 2023 |
Bear market2022 | -9.77%Mar 2022 | 2mo 7d | 1mo | 3mo 7dDec 2021 - Apr 2022 |
2026 pullback2026 | -9.68%Mar 2026 | 25d | — | 3mo 23dMar 2026 - now |
2020 pullback2020 | -7.38%Oct 2020 | 17d | 5d | 22dOct 2020 - Nov 2020 |
Drawdown Indicators
| PGHAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.52% | -56.78% | +36.26% |
Max Drawdown (1Y)Largest decline over 1 year | -9.68% | -9.10% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -20.52% | -18.90% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -20.52% | -25.43% | +4.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.35% | -1.80% | -4.55% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -10.71% | +5.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 2.03% | +1.87% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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