2 / 5 Stars
3 3 5 5 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
U.S. News evaluated 77 Nontraditional Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 2.69 percent over the past year, 1.42 percent over the past three years, and 3.22 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-0.3%|
|3 Years (Annualized)||1.4%|
|5 Years (Annualized)||3.2%|
|10 Years (Annualized)||N/A|
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 are Above Average compared to funds in the same category.
Putnam Absolute Return 300 Fund has an expense ratio of 0.78 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.