Putnam Absolute Return 300 Fund Class A

 (MUTF:PTRNX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.00%  
1 week
   
-0.37%  
4 week
   
-0.19%  
3 month   +0.28%
   
YTD   +1.90%
   
1 year   +3.86%
   
3 years*   +2.29%
   
5 years*   +2.98%
   
*annualized
Best 3 month return+3.36%  
Worst 3 month return-4.14%  

Morningstar statistics

Morningstar category: Nontraditional Bond
  Return Risk Rating
3 years Average Below Average
5 years Below Average Below Average
10 years     -     - -
Overall Below Average Below Average

Key statistics

Total assets1.08B 
Front load1.00%  
Deferred load-  
Expense ratio0.78%  
Management fee-  
Fund familyPutnam 

Asset allocation

Cash17.95%  
Stocks0.00%  
Bonds74.05%  
Other8.00%  

Purchase information

Initial$0  
10.77+0.02(0.19%)
Jul 24, 4:00PM EDT Overall Morningstar RatingTM

Description

The investment seeks to earn a positive total return that exceeds the return on U.S. Treasury bills by 300 basis points (or 3.00%) 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 through a broadly diversified portfolio reflecting uncorrelated fixed-income strategies designed to exploit market inefficiencies across global markets and fixed-income sectors.
Fund filings (PDF) »
Asset managers:
D. Kohli (Started: Dec 23, 2008)
Michael Salm (Started: Dec 23, 2008)
Paul Scanlon (Started: Dec 23, 2008)
Kevin Murphy (Started: Dec 23, 2008)
Advisor Company:
Putnam Investment Management, LLC
Fund family reports on Morningstar »
One Post Office Square, One Post Office Square, Boston MA 02109, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha* 6.37 3.12 4.06     -
Beta* -0.57 -0.29 -0.22     -
Mean annual return 0.33 0.18 0.26     -
R-squared* 55.99 7.38 5.84     -
Standard deviation 1.82 2.94 2.66     -
Sharpe ratio 2.18 0.71 1.13     -
* Against standard index

Top 10 holdings

Security Net Assets  
FHLMC CMO 1.79%  
GNMA CMO 5% 0.99%  
FHLMC CMO 0.97%  
Argentine Republic 7% 0.91%  
FNMA 0.79%  
GNMA CMO 5% 0.74%  
FNMA 0.71%  
FNMA 4% 0.70%  
GNMA CMO 4.5% 0.69%  
GNMA CMO 0.67%