Putnam Multi-Asset Absolute Return Fund Class A (PDMAX)

11.95
Net Asset Value
-0.08%
1 Day
-2.05%
Year-to-Date
Overall Morningstar Rating
Multialternative
Style or Category
5.75
Sales Expenses
1.08%
Expense Ratio
Average
Morningstar Risk Rating™
Investment Objective The investment seeks positive total return. 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+0.17% 3 years+1.90%
3 months+1.61% 5 years+3.16%
1 year+4.20% Since inception+4.90%
Data through --

Peer Comparisonvs. Multialternative

 PDMAXCategory
Performance 5-yr return+3.16%+2.01%
Expense ratio1.08%1.79%
Risk 5 year sharpe ratio0.620.33
Net assets$1.9B$462.1M
Average market cap$33.3B$26.6B
Average P/E--16.7
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

Cash57.78%
Fixed income33.61%
International stock25.72%
Other0.04%
U.S. stock0.00%
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
-- 34.16%
-- 31.75%
-- 16.34%
-- 6.06%
-- 5.55%
-- 2.59%
-- 2.31%
-- 2.17%
-- 2.08%
INDA iShares MSCI India ETF2.08%