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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 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.


1 month+0.57% 3 years+3.27%
3 months+2.21% 5 years+4.26%
1 year+8.76% Since inception+5.32%
Data through --

Peer Comparisonvs. Multialternative

Performance 5-yr return+4.26%+2.65%
Expense ratio1.21%1.81%
Risk 5 year sharpe ratio0.960.56
Net assets$1.2B$437.8M
Average market cap$33.6B$23.0B
Average P/E12.519.1
Portfolio turnover559%559%

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Fund Management and Purchase Info

Fund familyPutnam
Fund manager & tenureRobert Schoen / 9 Years
Minimal initial investment$0.00
Minimum IRA investment--


Fixed income39.08%
International stock19.94%
U.S. stock9.66%
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
-- 13.31%
-- 6.18%
-- 4.59%
-- 3.54%
-- 2.62%
-- 2.39%
-- 1.95%
-- 1.87%
-- 1.75%
INDA iShares MSCI India ETF1.74%