Putnam Absolute Return 700 Fund Class A (PDMAX)

Net Asset Value
1 Day
Overall Morningstar Rating
Style or Category
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks to earn a positive total return that exceeds the return on U.S. Treasury bills by 700 basis points (or 7.00%) on an annualized basis over a reasonable period of time (generally at least three years or more) regardless of market conditions. The fund combines two separate investment strategies. The beta strategy consists of a globally diversified asset allocation strategy. The alpha strategy involves the potential use of various "overlay" strategies. These consist of diverse active trading strategies designed to provide additional total return through the exploitation of market inefficiencies and other conditions.


1 month+1.30% 3 years+6.77%
3 months+4.86% 5 years+5.15%
1 year+8.56% Since inception+6.24%
Data through --

Peer Comparisonvs. Multialternative

Performance 5-yr return+5.15%+3.65%
Expense ratio1.26%2.00%
Risk 5 year sharpe ratio1.020.66
Net assets$1.1B$331.8M
Average market cap$51.5B$23.7B
Average P/E17.018.1
Portfolio turnover313%313%

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Fund Management and Purchase Info

Fund familyPutnam
Fund manager & tenureRobert Kea / 6 Years
Minimal initial investment$0.00
Minimum IRA investment--


Fixed income42.23%
U.S. stock37.76%
International stock2.95%
Top 5 Sectors
Portfolio weighting
Financial service 14.78%
Energy 11.65%
Healthcare 11.27%
Consumer service 10.59%
Business service 10.07%
Top 10 Holdings
Portfolio weighting
-- Fed Natl Mort Assc 4%1.93%
-- Fed Natl Mort Assc 3%1.71%
-- Fed Natl Mort Assc 4.5%1.66%
-- Ubs Ag London Brh FRN1.62%
XLI Industrial Select Sector SPDR® ETF1.23%
XLK Technology Select Sector SPDR® ETF1.23%
XLV Health Care Select Sector SPDR® ETF1.23%
XLY Consumer Discret Sel Sect SPDR® ETF1.21%
XLU Utilities Select Sector SPDR® ETF1.21%
-- Ubs Ag London Brh FRN1.19%

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