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Putnam Absolute Return 700 Fund Class A (PDMAX)

12.59
Net Asset Value
+0.08%
1 Day
+3.03%
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+2.11% 3 years+4.99%
3 months+1.21% 5 years+5.24%
1 year+6.46% Since inception+5.90%
Data through --

Peer Comparisonvs. Multialternative

 PDMAXCategory
Performance 5-yr return+5.24%+4.19%
Expense ratio1.24%2.04%
Risk 5 year sharpe ratio1.080.78
Net assets$1.3B$371.0M
Average market cap$33.3B$25.4B
Average P/E16.219.8
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

Fixed income52.88%
U.S. stock36.62%
International stock13.93%
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
-- 15.22%
-- 3.67%
-- 3.24%
XLV Health Care Select Sector SPDR® Fund2.35%
XLU Utilities Select Sector SPDR® Fund2.19%
-- 1.57%
-- 1.49%
XLY Consumer Discretionary Select Sector SPDR® Fund1.20%
-- 1.10%
-- 1.10%