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PARYX Putnam Absolute Return 100 Y

  • Fund
  • PARYX
  • Price as of: May 18, 2018
  • $10.07
  • - $0.00
  • - 0.00%
  • Category
  • Total Bond Market

PARYX - Profile

Vitals

  • YTD Return 1.0%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 1.7%
  • Net Assets $144 M
  • Holdings in Top 10 15.7%

52 WEEK LOW AND HIGH

$10.07
$9.96
$10.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.40%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 256.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Nontraditional Bond

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.71%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Putnam Absolute Return 100 Fund
  • Fund Family Name Putnam
  • Inception Date Dec 23, 2008
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager D. William Kohli

Fund Description

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.

PARYX - Performance

Return Ranking - Trailing

Period PARYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.0% -19.6% 14.2% 5.39% 1
1 Yr 2.6% -15.5% 21.5% 15.63% 1
3 Yr 2.0% * -6.1% 10.2% 22.89% 2
5 Yr 1.7% * -2.8% 14.8% 34.18% 2
10 Yr N/A * -0.7% 9.0% N/A N/A

* Annualized


Return Ranking - Calendar

Period PARYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.9% -10.9% 25.1% 35.67% 3
2016 -0.3% -11.1% 192.8% 47.99% 4
2015 -2.1% -33.0% 5.1% 27.41% 3
2014 -0.6% -24.1% 20.8% 46.59% 4
2013 0.3% -13.1% 40.4% 8.77% 1

Total Return Ranking - Trailing

Period PARYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.0% -19.6% 14.2% 5.28% 1
1 Yr 2.6% -15.5% 21.5% 12.35% 1
3 Yr 2.0% * -7.0% 10.2% 20.50% 2
5 Yr 1.7% * -3.7% 14.8% 30.54% 2
10 Yr N/A * -0.8% 9.0% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period PARYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.9% -9.5% 25.1% 37.09% 3
2016 -0.3% -11.1% 195.3% 57.98% 5
2015 -0.3% -32.5% 16.5% 20.74% 2
2014 1.0% -9.9% 58.5% 48.20% 3
2013 2.1% -12.9% 58.3% 10.32% 1

NAV & Total Return History

PARYX - Holdings

Filings data as of: Mar 31, 2018

Concentration Analysis

PARYX Category Low Category High PARYX % Rank Quintile
Net Assets 144 M 319 K 197 B 25.53% 4
Number of Holdings 532 1 17493 12.21% 3
Net Assets in Top 10 11.7 M -36 B 52.1 B 28.74% 5
Weighting of Top 10 15.7% 0.0% 1442.4% 25.74% 4

Top 10 Holdings

  1. Federal National Mortgage Association 3.5% 3.69%
  2. Federal National Mortgage Association 3% 3.60%
  3. Station Pl Sec Tr 2018-1 CMO 1.57%
  4. KKR Group Finance Co. II LLC 6.38% 1.12%
  5. Federal National Mortgage Association 4.5% 1.10%
  6. Government National Mortgage Association 4.5% 1.09%
  7. Alternative Loan Trust 2.06% 0.86%
  8. Skandinaviska Enskilda Banken AB (publ) 2.3% 0.86%
  9. Lstar Commercial Mortgage Trust 2015-3 3.11% 0.84%
  10. Altria Group, Inc. 2.62% 1.00%

Asset Allocation

Weighting Category Low Category High PARYX % Rank Quintile
Bonds
70.46% -175.98% 562.01% 27.57% 5
Cash
30.24% -461.99% 275.92% 2.75% 1
Preferred Stocks
0.00% 0.00% 23.25% 6.61% 3
Convertible Bonds
0.00% 0.00% 13.10% 7.48% 4
Other
-0.18% -29.60% 99.99% 13.12% 5
Stocks
-0.51% -7.04% 97.70% 6.10% 5

Bond Sector Breakdown

Weighting Category Low Category High PARYX % Rank Quintile
Corporate
36.92% 0.00% 221.70% 15.77% 3
Cash & Equivalents
30.24% -462.00% 275.92% 2.75% 1
Securitized
29.18% 0.00% 118.59% 15.97% 3
Government
4.36% -389.49% 503.27% 26.25% 4
Derivative
0.00% -105.94% 282.21% 3.51% 2
Municipal
0.00% 0.00% 103.97% 12.97% 4

Bond Geographic Breakdown

Weighting Category Low Category High PARYX % Rank Quintile
US
54.52% -370.09% 500.82% 27.16% 5
Non US
15.94% -171.42% 411.09% 11.09% 2

PARYX - Expenses

Operational Fees

PARYX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.40% 0.00% 44.72% 12.28% 1
Management Fee 0.37% 0.00% 2.15% 3.10% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

PARYX Fees (% of AUM) Category Low Category High PARYX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

PARYX Fees (% of AUM) Category Low Category High PARYX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover 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.

PARYX Fees (% of AUM) Category Low Category High PARYX Rank Quintile
Turnover 256.00% 0.00% 1576.00% 4.83% 5

PARYX - Distributions

Dividend Yield Analysis

PARYX Category Low Category High PARYX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.35% 22.41% 4

Dividend Distribution Analysis

PARYX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PARYX Category Low Category High PARYX % Rank Quintile
Net Income Ratio 2.71% -1.56% 9.28% 9.88% 2

Capital Gain Distribution Analysis

PARYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

PARYX - Managers

D. William Kohli

Manager

Start Date

Dec 23, 2008

Tenure

9.36

Tenure Rank

3.4%

Mr. Kohli is CIO, Fixed Income. He is responsible for overall strategy and positioning of Putnam’s fixed income products. In addition, he is a portfolio manager for Putnam's institutional strategies, including the Fixed Income Global Alpha strategies. Mr. Kohli specializes in global rates and currencies and oversees the Portfolio Construction group, which draws on the security-specific expertise of sector specialist teams within Fixed Income. He is also a member of Putnam's Operating Committee. Mr. Kohli joined Putnam in 1994 and has been in the investment industry since 1988.


Michael V. Salm

Manager

Start Date

Dec 23, 2008

Tenure

9.36

Tenure Rank

3.4%

Mr. Salm is a Co-Head of Fixed Income, specializing in liquid markets and securitized strategies. In this role, he oversees investment strategies related to mortgage and securitized products, interest-rate and volatility derivatives, and money markets. In addition, he manages trading operations and Putnam's Fixed Income quantitative teams. He is a portfolio manager of core global, core plus, global government, fixed income global alpha, and dedicated mortgage strategies, as well as fixed income hedge funds. Mr. Salm joined Putnam in 1997 and has been in the investment industry since 1989. Previously at Putnam, he served as a Portfolio Manager responsible for mortgage strategies in fixed income portfolios. Prior to joining Putnam, Mr. Salm was a Mortgage Specialist at BlackRock Financal Management from 1996 to 1997, a Vice President and Trader at Nomura Securities from 1994 to 1996, a Vice President and Structurer at Nikko Securities from 1993 to 1994, and an Analyst at Fitch Investor Services from 1991 to 1992. Mr. Salm earned a B.S. from Cornell University.


Paul D. Scanlon

Manager

Start Date

Dec 23, 2008

Tenure

9.36

Tenure Rank

3.4%

Paul Scanlon is Co-Head of Fixed Income at Putnam Investments. Paul’s career in the investment industry began in 1986. He joined Putnam in 1999. Prior to joining Putnam (from 1997 to 1999), he was a Senior Vice President at a leading provider of international health claims administration and cost management services company. From 1992 to 1997, he was a Senior Analyst in the Fixed Income division at a large financial services provider. From 1986 to 1990, Paul was an Assistant Treasurer, Corporate Finance, at a large retail and commercial bank in the U.K.


Albert Chan

Manager

Start Date

Feb 28, 2017

Tenure

1.17

Tenure Rank

9.2%

N/A


Tenure Analysis

Category Low

0.0

Category High

29.4

Category Average

6.42

Category Mode

3.3