Putnam Absolute Return 500 Y
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
2.6%
3 Yr Avg Return
1.4%
5 Yr Avg Return
2.3%
Net Assets
$869 M
Holdings in Top 10
64.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.80%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 496.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PJMYX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return 1.4%
- 5 Yr Annualized Total Return 2.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.81%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NamePutnam Absolute Return 500 Fund
-
Fund Family NamePutnam
-
Inception DateDec 23, 2008
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJason R. Vaillancourt
Fund Description
PJMYX - Performance
Return Ranking - Trailing
Period | PJMYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -3.8% | 13.1% | N/A |
1 Yr | 2.6% | -9.8% | 7.5% | N/A |
3 Yr | 1.4%* | -4.2% | 4.7% | N/A |
5 Yr | 2.3%* | -8.5% | 23.6% | N/A |
10 Yr | N/A* | -7.3% | 26.2% | N/A |
* Annualized
Return Ranking - Calendar
Period | PJMYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -22.2% | 3.1% | N/A |
2022 | N/A | -5.1% | 25.1% | N/A |
2021 | N/A | -8.5% | 192.8% | N/A |
2020 | N/A | -33.0% | 3.0% | N/A |
2019 | N/A | -29.8% | 32.1% | N/A |
Total Return Ranking - Trailing
Period | PJMYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -3.8% | 13.1% | N/A |
1 Yr | 2.6% | -9.8% | 10.2% | N/A |
3 Yr | 1.4%* | -4.2% | 6.9% | N/A |
5 Yr | 2.3%* | -8.2% | 28.6% | N/A |
10 Yr | N/A* | -7.3% | 26.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PJMYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -22.2% | 7.9% | N/A |
2022 | N/A | -4.6% | 25.1% | N/A |
2021 | N/A | -4.1% | 204.3% | N/A |
2020 | N/A | -32.4% | 4.2% | N/A |
2019 | N/A | -29.8% | 32.1% | N/A |
PJMYX - Holdings
Concentration Analysis
PJMYX | Category Low | Category High | PJMYX % Rank | |
---|---|---|---|---|
Net Assets | 869 M | 330 K | 229 B | N/A |
Number of Holdings | 792 | 3 | 17358 | N/A |
Net Assets in Top 10 | -24.1 M | -28.8 B | 32.2 B | N/A |
Weighting of Top 10 | 64.58% | 4.0% | 1674.7% | N/A |
Top 10 Holdings
- Gsglpwdl R Us0001m P 12/15/20 Gs 20.78%
- Gsglpwds P Us0001m R 12/15/20 Gs 19.47%
- Ndueegf P Us0001m R 08/21/18 Ub 10.15%
- FNMA 3.77%
- Ndueegf P Usl3m R 03/19/18 Ci 2.48%
- Utilities Select Sector SPDR® ETF 2.09%
- Fannie Mae Single Family TBA 2.5% 1.57%
- Ndueegf P Us0003m R 09/20/18 Ci 1.49%
- Deutsche Bk Ag London Mtn 144a FRN 1.43%
- Mlfcf12 R Us0003m P 11/16/18 Ba 1.34%
Asset Allocation
Weighting | Return Low | Return High | PJMYX % Rank | |
---|---|---|---|---|
Cash | 67.65% | -539.21% | 70.47% | N/A |
Bonds | 24.10% | 0.00% | 394.27% | N/A |
Stocks | 21.84% | -3.42% | 96.77% | N/A |
Preferred Stocks | 0.02% | 0.00% | 20.33% | N/A |
Convertible Bonds | 0.00% | 0.00% | 18.42% | N/A |
Other | -13.61% | -98.58% | 236.55% | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | PJMYX % Rank | |
---|---|---|---|---|
Technology | 4.39% | -0.35% | 12.99% | N/A |
Financial Services | 3.61% | -0.01% | 19.01% | N/A |
Utilities | 2.84% | -0.05% | 8.49% | N/A |
Consumer Cyclical | 2.39% | -0.18% | 9.63% | N/A |
Communication Services | 1.87% | -0.05% | 4.01% | N/A |
Basic Materials | 1.64% | 0.00% | 7.19% | N/A |
Consumer Defense | 1.55% | -0.18% | 10.56% | N/A |
Healthcare | 1.47% | -0.20% | 10.55% | N/A |
Industrials | 0.99% | -0.15% | 12.95% | N/A |
Energy | 0.79% | 0.00% | 11.26% | N/A |
Real Estate | 0.13% | -0.04% | 11.09% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PJMYX % Rank | |
---|---|---|---|---|
Non US | 14.31% | -0.18% | 91.88% | N/A |
US | 7.53% | -4.95% | 59.49% | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | PJMYX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 67.91% | -532.79% | 70.33% | N/A |
Securitized | 12.94% | 0.00% | 103.00% | N/A |
Corporate | 9.71% | 0.00% | 127.23% | N/A |
Government | 1.94% | -74.72% | 316.66% | N/A |
Municipal | 0.00% | 0.00% | 102.07% | N/A |
Derivative | -0.73% | -234.33% | 48.69% | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PJMYX % Rank | |
---|---|---|---|---|
US | 18.69% | 0.00% | 219.16% | N/A |
Non US | 5.41% | -41.14% | 244.34% | N/A |
PJMYX - Expenses
Operational Fees
PJMYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.80% | 0.00% | 38.42% | N/A |
Management Fee | 0.59% | 0.00% | 2.15% | N/A |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.63% | N/A |
Sales Fees
PJMYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.15% | 5.50% | N/A |
Trading Fees
PJMYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PJMYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 496.00% | 0.00% | 2337.00% | N/A |
PJMYX - Distributions
Dividend Yield Analysis
PJMYX | Category Low | Category High | PJMYX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 8.86% | N/A |
Dividend Distribution Analysis
PJMYX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Monthly | Monthly |
Net Income Ratio Analysis
PJMYX | Category Low | Category High | PJMYX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.81% | -2.82% | 7.22% | N/A |
Capital Gain Distribution Analysis
PJMYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 27, 2018 | $0.187 | |
Dec 21, 2017 | $0.225 | |
Dec 23, 2015 | $0.549 | |
Dec 23, 2014 | $0.143 | |
Dec 24, 2013 | $0.205 | |
Dec 24, 2012 | $0.099 | |
Dec 27, 2011 | $0.351 | |
Dec 27, 2010 | $0.299 | |
Dec 28, 2009 | $0.127 |
PJMYX - Fund Manager Analysis
Managers
Jason R. Vaillancourt
Start Date
Tenure
Tenure Rank
Dec 23, 2008
9.27
9.3%
Mr. Vaillancourt is a Co-Head of Global Asset Allocation (GAA). In partnership with the other GAA Co- Heads, he directs the overall strategy and positioning of Putnam’s GAA products. He is accountable for the research that drives the top-down views of GAA portfolios, including asset class, region, and sector decisions. His work also contributes to Putnam’s Capital Markets Outlook. In addition, Mr. Vaillancourt is a portfolio manager of GAA, multi-asset absolute return, and total return strategies. He joined Putnam in 2000 and has been in the investment industry since 1993. Prior to joining Putnam, Mr. Vaillancourt was a Research Associate in Taxable Fixed Income at Fidelity Investments from 1996 to 1998, and an Assistant Portfolio Manager at Independence Investment Associates from 1993 to 1996. He earned an M.B.A. from the University of Chicago and a B.S. from Northeastern University.
James A. Fetch
Start Date
Tenure
Tenure Rank
Dec 23, 2008
9.27
9.3%
Mr. Fetch is a Co-Head of Global Asset Allocation. In partnership with other GAA Co-Heads, he directs the overall strategy and positioning of Putnam's GAA products. He is accountable for GAA portfolio construction and risk management strategies. His work also contributes to Putnam's Capital Markets Outlook. Since 2008, Mr. Fetch has served as a portfolio manager. He is responsible for managing Putnam's GAA, multi-asset absolute return, and total return strategies. Mr. Fetch been in the investment industry since he originally joined Putnam in 1994. After leaving to complete his M.B.A, he rejoined the firm in 2000. He earned an M.B.A. from the University of Chicago and a B.A. from the University of Notre Dame.
Robert J. Schoen
Start Date
Tenure
Tenure Rank
Dec 23, 2008
9.27
9.3%
Robert Schoen is Co-Head of the Global Asset Allocation (GAA) group at Putnam Investments. In partnership with other GAA co-heads, he is responsible for the overall strategy and positioning of Putnam's GAA products. Robert’s career in the investment industry began in 1990. He joined Putnam in 1997. Prior to joining Putnam (from 1992 to 1997), Robert was a self-employed Financial Consultant. He was Head of Research at an asset management company from 1990 to 1992. Robert has a BA from Tufts University and an MBA from New York University, Stern School of Business.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.0 | 30.51 | 6.95 | 7.12 |