Putnam Absolute Return 300 Fund

Scorecard
2 / 5 Stars
Lipper
3 3 5 5 3
Zacks Investment Research
3 (Hold)
Standard & Poor's
---
TheStreet.com
E (Sell)

U.S. News evaluated 53 Nontraditional Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 5.12 percent over the past year, and 1.91 percent over the past three years.

Trailing Returns Updated 04.30.2013
Year to date 2.6%
1 Year 5.1%
3 Years (Annualized) 1.9%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

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.

Fees

Fees are Low compared to funds in the same category.
Putnam Absolute Return 300 Fund has an expense ratio of 0.82 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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