Not Scored in Nontraditional Bond
U.S. News evaluated 41 Nontraditional Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
| Scorecard | |
|---|---|
| Morningstar | 2 / 5 Stars |
| Lipper | 2 2 5 5 3 |
| Zacks Investment Research | --- |
| Standard & Poor's | --- |
| TheStreet.com | E (Sell) |
Fund Overview
The investment seeks to earn a positive total return that exceeds the rate of inflation by 300 basis points (or 3.00%) over a reasonable period of time 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. The adviser typically uses derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes.
| Trailing Returns | Updated 03.31.2012 |
|---|---|
| Year to date | 3.4% |
| 1 Year | -3.0% |
| 3 Years (Annualized) | 3.1% |
| 5 Years (Annualized) | |
| 10 Years (Annualized) |
Performance
The fund has returned -2.97 percent over the past year, and 3.12 percent over the past three years.
Holdings
Fees
Putnam Absolute Return 300 Fund has an expense ratio of 0.87 percent.