Putnam Absolute Return 700 Fund Class A (PDMAX)

12.61
Net Asset Value
-0.16%
1 Day
+2.94%
Year-to-Date
Overall Morningstar Rating
Conservative allocation
Style or Category
5.75
Sales Expenses
1.26%
Expense Ratio
Below 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 combines two separate investment strategies. The beta strategy consists of a globally diversified asset allocation strategy. The alpha strategy involves the potential use of various "overlay" strategies. These consist of diverse active trading strategies designed to provide additional total return through the exploitation of market inefficiencies and other conditions.

Performance

1 month-0.16% 3 years+4.26%
3 months+1.20% 5 years+5.41%
1 year+5.69% Since inception+6.29%
Data through --

Peer Comparisonvs. Conservative allocation

 PDMAXCategory
Performance 5-yr return+5.41%+9.48%
Expense ratio1.26%1.30%
Risk 5 year sharpe ratio1.301.48
Net assets$1.1B$1.5B
Average market cap$45.4B$43.4B
Average P/E15.718.1
Portfolio turnover199%199%

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 / 5 Years
Minimal initial investment$0.00
Minimum IRA investment--

Holdings

Fixed income39.80%
U.S. stock32.65%
Cash24.20%
International stock3.35%
Other0.00%
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
-- FNMA1.50%
-- FNMA1.44%
XOM Exxon Mobil Corporation1.13%
-- FNMA1.12%
-- FNMA0.97%
GOOGL Google Inc Class A0.97%
AAPL Apple Inc0.94%
JNJ Johnson & Johnson0.89%
MSFT Microsoft Corp0.80%
PFE Pfizer Inc0.78%

To view my watchlist

Not a member yet?

Sign up now for a free account

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.