Putnam Absolute Return 700 Fund Class A (PDMAX)

12.55
Net Asset Value
+0.16%
1 Day
+2.70%
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+0.08% 3 years+5.64%
3 months+1.70% 5 years+5.30%
1 year+6.81% Since inception+6.21%
Data through --

Peer Comparisonvs. Multialternative

 PDMAXCategory
Performance 5-yr return+5.30%+3.55%
Expense ratio1.24%2.03%
Risk 5 year sharpe ratio1.030.62
Net assets$1.3B$352.1M
Average market cap$33.9B$23.2B
Average P/E16.320.2
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--

Holdings

Fixed income52.89%
U.S. stock36.93%
International stock14.04%
Other0.41%
Cash0.00%
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
-- 15.34%
-- 3.70%
-- 3.27%
XLV Health Care Select Sector SPDR® Fund2.37%
XLU Utilities Select Sector SPDR® Fund2.20%
-- 1.58%
-- 1.50%
XLY Consumer Discretionary Select Sector SPDR® Fund1.21%
-- 1.11%
XLP Consumer Staples Select Sector SPDR® Fund1.11%

To view my watchlist

Not a member yet?

Sign up now for a free account

Partner Financial Offers