Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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-0.73% 3 years+4.06%
3 months+1.65% 5 years+4.38%
1 year+1.35% Since inception+5.75%
Data through --

Peer Comparisonvs. Multialternative

Performance 5-yr return+4.38%+2.51%
Expense ratio1.24%2.01%
Risk 5 year sharpe ratio0.930.54
Net assets$1.4B$384.7M
Average market cap$27.1B$21.1B
Average P/E15.418.1
Portfolio turnover313%313%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

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


Fixed income50.64%
U.S. stock35.72%
International stock11.03%
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
-- 16.51%
-- 8.97%
-- 2.79%
XLY Consumer Discretionary Select Sector SPDR® Fund2.31%
-- 2.24%
XLP Consumer Staples Select Sector SPDR® Fund1.20%
XLU Utilities Select Sector SPDR® Fund1.20%
XLI Industrial Select Sector SPDR® Fund1.12%
XLV Health Care Select Sector SPDR® Fund1.07%
-- 0.99%