Putnam Absolute Return 700 Fund Class A (PDMAX)

12.52
Net Asset Value
+0.16%
1 Day
+2.45%
Year-to-Date
Overall Morningstar Rating
Multialternative
Style or Category
5.75
Sales Expenses
1.24%
Expense Ratio
Average
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 is designed to pursue a consistent absolute return by combining two independent investment strategies - a beta strategy, which provides broad exposure to investment markets, and an alpha strategy, which seeks returns from active trading.

Performance

1 month+0.48% 3 years+5.31%
3 months+2.45% 5 years+4.93%
1 year+6.72% Since inception+6.41%
Data through --

Peer Comparisonvs. Multialternative

 PDMAXCategory
Performance 5-yr return+4.93%+3.65%
Expense ratio1.24%2.02%
Risk 5 year sharpe ratio1.120.72
Net assets$1.2B$347.2M
Average market cap$51.3B$24.1B
Average P/E18.119.1
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--

Holdings

U.S. stock36.96%
Fixed income36.77%
Cash23.29%
International stock2.99%
Other0.00%
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
-- 3.05%
-- 2.82%
XLU Utilities Select Sector SPDR® Fund2.45%
-- 1.62%
-- 1.54%
-- 1.30%
-- 1.23%
XLY Consumer Discretionary Select Sector SPDR® Fund1.22%
XLI Industrial Select Sector SPDR® Fund1.20%
XLK Technology Select Sector SPDR® Fund1.17%

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