Putnam Absolute Return 300 Fund

Scorecard
2 / 5 Stars
Lipper
2 3 5 5 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
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TheStreet.com
D- (Sell)

U.S. News evaluated 75 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 3.47 percent over the past year, 1.46 percent over the past three years, and 3.38 percent over the past five years.

Trailing Returns Updated 02.28.2014
Year to date 0.7%
1 Year 3.5%
3 Years (Annualized) 1.5%
5 Years (Annualized) 3.4%
10 Years (Annualized) N/A

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Summary

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.

Fees

Fees are Above Average compared to funds in the same category.
Putnam Absolute Return 300 Fund has an expense ratio of 0.78 percent.

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Risk

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

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