PDMMX: Putnam Multi-Asset Absolute Return M

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PDMMX Putnam Multi-Asset Absolute Return M

  • Fund
  • PDMMX
  • Price as of: Oct 15, 2019
  • $11.20 - $0.08 - 0.71%

PDMMX - Profile

Vitals

  • YTD Return 6.9%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return -1.6%
  • Net Assets $1.16 B
  • Holdings in Top 10 354.1%

52 WEEK LOW AND HIGH

$11.20
$10.31
$11.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.52%

SALES FEES

  • Front Load 3.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 479.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Multialternative

Distributions

  • YTD Total Return 6.9%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return -1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.49%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Putnam Multi-Asset Absolute Return Fund
  • Fund Family Name Putnam
  • Inception Date Dec 23, 2008
  • Shares Outstanding N/A
  • Share Class M
  • Currency USD
  • Domiciled Country United States
  • Manager Robert J. Schoen

Fund Description

In pursuing a positive total return, the advisor is generally intended to produce lower volatility over a reasonable period of time than has been historically associated with traditional asset classes that have earned similar levels of return over long historical periods. The fund aims to accomplish this objective by combining "directional" strategies and "non-directional" strategies. The directional strategies seek efficient, diversified exposure to investment markets. The non-directional strategies aim to provide positive returns that have minimal correlation with traditional asset classes.

PDMMX - Fund Company Quick Screens

PDMMX - Performance

Return Ranking - Trailing

Period PDMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% 4.3% 19.4% 88.24%
1 Yr 0.4% -8.6% 14.7% 41.18%
3 Yr 0.4%* -2.9% 31.3% 80.00%
5 Yr -1.6%* -2.6% 24.3% 87.62%
10 Yr 0.1%* -1.3% 13.2% 94.92%

* Annualized


Return Ranking - Calendar

Period PDMMX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.5% -27.1% -7.0% 43.59%
2017 7.2% 0.0% 184.8% 84.35%
2016 2.3% -9.5% 209.2% 71.17%
2015 -9.4% -19.9% -2.5% 68.32%
2014 -0.4% -11.8% 5.6% 58.95%

Total Return Ranking - Trailing

Period PDMMX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% 4.3% 19.4% 88.24%
1 Yr 0.4% -7.7% 14.7% 52.94%
3 Yr 0.4%* -2.9% 31.3% 96.52%
5 Yr -1.6%* -2.2% 30.0% 96.19%
10 Yr 0.1%* 0.0% 17.6% 96.61%

* Annualized


Total Return Ranking - Calendar

Period PDMMX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.5% -27.1% -2.9% 63.25%
2017 7.2% 0.0% 184.8% 91.30%
2016 2.3% -9.5% 216.9% 89.19%
2015 -9.4% -19.5% -0.5% 81.19%
2014 -0.4% -11.8% 7.3% 85.26%

NAV & Total Return History

PDMMX - Holdings

Concentration Analysis

PDMMX Category Low Category High PDMMX % Rank
Net Assets 1.16 B 22.6 M 14.4 B 33.06%
Number of Holdings 798 2 1847 11.57%
Net Assets in Top 10 493 M 15.4 M 10.8 B 38.02%
Weighting of Top 10 354.12% 13.2% 354.1% 0.83%

Top 10 Holdings

  1. Gsglpwdl R Us0001m P 12/15/20 Gs 43.30%

  2. Ru10intr P Us0003m R 06/20/23 Ba 43.07%

  3. Mlfcf15 R Us0003m P 06/20/23 Ba 42.94%

  4. Gsglpwds P Us0001m R 12/15/20 Gs 40.61%

  5. Cgputql2 R Us0003m P 11/26/19 Ci 39.76%

  6. US 10 Year Note (CBT) Sept19 37.08%

  7. Gsglpw2l R Us0001m P 12/15/20 Gs 34.91%

  8. Gsglpw2s P Us0001m R 12/15/20 Gs 34.72%

  9. Ru10intr P Us0003m R 11/26/19 Ci 20.99%

  10. Ndueegf P Us0001m R 08/21/19 Ub 16.75%


Asset Allocation

Weighting Return Low Return High PDMMX % Rank
Bonds
69.80% 9.24% 69.80% 0.83%
Stocks
38.78% 0.00% 79.25% 94.21%
Preferred Stocks
0.00% 0.00% 12.11% 78.51%
Convertible Bonds
0.00% 0.00% 4.24% 92.56%
Other
-3.44% -3.44% 59.60% 95.04%
Cash
-5.14% -9.15% 4.96% 91.74%

Stock Sector Breakdown

Weighting Return Low Return High PDMMX % Rank
Financial Services
7.65% 0.00% 18.97% 73.55%
Technology
6.55% 0.00% 18.82% 70.25%
Consumer Cyclical
4.39% 0.00% 10.84% 75.21%
Industrials
3.98% 0.04% 16.49% 83.47%
Real Estate
3.24% 0.12% 26.98% 41.32%
Basic Materials
3.12% 0.00% 23.35% 53.72%
Consumer Defense
2.94% 0.00% 8.88% 78.51%
Utilities
2.86% 0.07% 26.86% 25.62%
Energy
1.45% 0.00% 31.29% 94.21%
Communication Services
1.44% 0.01% 7.26% 68.60%
Healthcare
0.11% 0.00% 10.22% 85.95%

Stock Geographic Breakdown

Weighting Return Low Return High PDMMX % Rank
Non US
26.92% 0.00% 55.70% 39.67%
US
11.86% 0.00% 56.57% 91.74%

Bond Sector Breakdown

Weighting Return Low Return High PDMMX % Rank
Government
38.08% -1.12% 38.08% 0.83%
Securitized
21.12% 0.00% 21.12% 0.83%
Corporate
10.70% 0.42% 30.59% 45.45%
Municipal
0.00% 0.00% 3.92% 72.73%
Derivative
-0.47% -14.55% 9.99% 89.26%
Cash & Equivalents
-15.90% -15.90% 4.99% 95.04%

Bond Geographic Breakdown

Weighting Return Low Return High PDMMX % Rank
US
67.13% -1.63% 67.13% 0.83%
Non US
2.67% -11.09% 46.23% 45.45%

PDMMX - Expenses

Operational Fees

PDMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.52% 0.00% 2.76% 15.97%
Management Fee 0.52% 0.00% 1.00% 73.55%
12b-1 Fee 0.75% 0.00% 1.00% 73.91%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

PDMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.50% 0.14% 5.75% 78.26%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PDMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 0.25% 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.

PDMMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 479.00% 3.00% 479.00% 95.04%

PDMMX - Distributions

Dividend Yield Analysis

PDMMX Category Low Category High PDMMX % Rank
Dividend Yield 2.95% 0.00% 10.06% 29.75%

Dividend Distribution Analysis

PDMMX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

PDMMX Category Low Category High PDMMX % Rank
Net Income Ratio 1.49% 0.14% 5.46% 66.39%

Capital Gain Distribution Analysis

PDMMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

PDMMX - Managers

Robert J. Schoen

Manager

Start Date

Tenure

Tenure Rank

Dec 23, 2008

10.78

10.8%

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.


Jason R. Vaillancourt

Manager

Start Date

Tenure

Tenure Rank

Dec 23, 2008

10.78

10.8%

Mr. Vaillancourt is 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 1999 and has been in the investment industry since 1993. Prior to joining Putnam, Mr. Vaillancourt was a Research Associate, Taxable Fixed Income, at Fidelity Investments from 1996 to 1998 and an Assistant Portfolio Manager at Independence Investment Associates from 1993 to 1996. Mr. Vaillancourt earned an M.B.A. from the Booth School of Business at the University of Chicago and a B.S. from Northeastern University.


James A. Fetch

Manager

Start Date

Tenure

Tenure Rank

Dec 23, 2008

10.78

10.8%

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 first 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 Booth School of Business at the University of Chicago and a B.A. from the University of Notre Dame.


Brett Goldstein

Manager

Start Date

Tenure

Tenure Rank

Mar 31, 2019

0.5

0.5%


Tenure Analysis

Category Low

0.07

Category High

22.95

Category Average

6.22

Category Mode

5.57