Putnam Absolute Return 700 Fund Class A (PDMAX)

11.90
Net Asset Value
+0.76%
1 Day
-2.46%
Year-to-Date
Overall Morningstar Rating
Multialternative
Style or Category
5.75
Sales Expenses
1.21%
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-3.51% 3 years+2.05%
3 months-2.73% 5 years+3.42%
1 year+3.33% Since inception+5.24%
Data through --

Peer Comparisonvs. Multialternative

 PDMAXCategory
Performance 5-yr return+3.42%+2.65%
Expense ratio1.21%1.80%
Risk 5 year sharpe ratio0.890.56
Net assets$1.2B$459.2M
Average market cap$34.1B$26.9B
Average P/E12.220.0
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--

Holdings

Cash60.40%
Fixed income31.59%
International stock20.03%
U.S. stock9.43%
Other0.03%
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
-- 13.32%
-- 5.37%
-- 4.69%
XLU Utilities Select Sector SPDR® Fund2.55%
-- 2.29%
-- 1.96%
-- 1.88%
-- 1.79%
INDA iShares MSCI India ETF1.77%
-- 1.74%