PPFRX: Putnam PanAgora Managed Futures Stgy R6

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PPFRX Putnam PanAgora Managed Futures Stgy R6


Profile

PPFRX - Profile

Vitals

  • YTD Return -9.0%
  • 3 Yr Annualized Return -8.5%
  • 5 Yr Annualized Return N/A
  • Net Assets $9.51 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$7.66
$7.56
$9.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.78%

SALES FEES

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

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Managed Futures

Distributions

  • YTD Total Return -9.0%
  • 3 Yr Annualized Total Return -8.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.90%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Putnam PanAgora Managed Futures Strategy
  • Fund Family Name
    Putnam
  • Inception Date
    Sep 21, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Bryan Belton

Fund Description

The fund pursues its goal by investing primarily in futures and forward contracts that provide exposure to equities, fixed income securities, commodities, and developed and emerging market currencies. These asset classes offer different return potential and exposure to different investment risks. The fund is non-diversified.


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Categories

Performance

PPFRX - Performance

Return Ranking - Trailing

Period PPFRX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.0% -24.0% 22.2% 96.79%
1 Yr -20.2% -25.0% 23.3% 99.58%
3 Yr -8.5%* -22.9% 6.1% 96.37%
5 Yr N/A* -13.7% 7.3% N/A
10 Yr N/A* -9.0% 11.4% N/A

* Annualized

Return Ranking - Calendar

Period PPFRX Return Category Return Low Category Return High Rank in Category (%)
2019 -8.5% -9.9% 32.8% 99.58%
2018 -8.9% -35.5% 3.8% 54.26%
2017 N/A -9.1% 15.4% N/A
2016 N/A -11.7% 15.3% N/A
2015 N/A -29.9% 14.0% N/A

Total Return Ranking - Trailing

Period PPFRX Return Category Return Low Category Return High Rank in Category (%)
YTD -9.0% -24.0% 22.2% 96.79%
1 Yr -20.2% -25.0% 23.3% 99.58%
3 Yr -8.5%* -22.9% 9.2% 97.79%
5 Yr N/A* -13.7% 13.9% N/A
10 Yr N/A* -9.0% 13.9% N/A

* Annualized

Total Return Ranking - Calendar

Period PPFRX Return Category Return Low Category Return High Rank in Category (%)
2019 -8.5% -9.9% 32.8% 99.58%
2018 -8.9% -35.5% 3.8% 70.52%
2017 N/A -6.6% 21.6% N/A
2016 N/A -10.4% 20.3% N/A
2015 N/A -29.9% 22.6% N/A

NAV & Total Return History


Holdings

PPFRX - Holdings

Concentration Analysis

PPFRX Category Low Category High PPFRX % Rank
Net Assets 9.51 M 1.06 M 154 B 94.61%
Number of Holdings 72 1 6322 81.91%
Net Assets in Top 10 21.7 M -98.9 M 61.2 B 69.75%
Weighting of Top 10 N/A 5.0% 362.0% 4.76%

Top 10 Holdings

  1. 5 Year Treasury Note Future Sept 20 160.47%
  2. 2 Year Treasury Note Future Sept 20 147.31%
  3. 10 Year Treasury Note Future Sept 20 99.57%
  4. United States Treasury Bills 0% 73.94%
  5. Euro Bobl Future Sept 20 55.71%
  6. Euro Buxl Future Sept 20 38.23%
  7. US Treasury Bond Future Sept 20 36.25%
  8. 10 Year Government of Canada Bond Future Sept 20 31.77%
  9. Euro Schatz Future Sept 20 25.58%
  10. Long Gilt Future Sept 20 24.73%

Asset Allocation

Weighting Return Low Return High PPFRX % Rank
Bonds
160.06% 64.02% 7817.38% 5.93%
Stocks
4.08% -8.58% 101.51% 20.28%
Preferred Stocks
0.00% 0.00% 4.71% 57.18%
Convertible Bonds
0.00% 0.00% 19.31% 83.70%
Other
-20.26% -28.54% 107.95% 99.03%
Cash
-43.88% -7742.24% 19.36% 85.08%

Stock Sector Breakdown

Weighting Return Low Return High PPFRX % Rank
Financial Services
38.59% -0.26% 100.00% 16.09%
Industrials
10.62% -0.16% 19.00% 16.36%
Real Estate
9.83% -0.04% 51.26% 9.23%
Communication Services
8.26% -0.05% 100.00% 23.22%
Utilities
7.69% -0.05% 100.00% 6.86%
Consumer Cyclical
6.01% -0.20% 100.00% 39.31%
Energy
5.86% -0.08% 100.00% 27.70%
Consumer Defense
4.71% -0.12% 99.87% 40.63%
Technology
3.64% -0.38% 100.00% 42.74%
Healthcare
2.42% -0.22% 100.00% 51.45%
Basic Materials
2.37% -0.04% 100.00% 47.49%

Stock Geographic Breakdown

Weighting Return Low Return High PPFRX % Rank
US
7.04% -81.25% 100.77% 17.13%
Non US
-2.96% -5.45% 99.98% 98.90%

Bond Sector Breakdown

Weighting Return Low Return High PPFRX % Rank
Government
69.55% -0.16% 263.38% 24.03%
Cash & Equivalents
15.49% -221.24% 69.52% 19.89%
Derivative
14.95% -62.05% 67.50% 22.38%
Securitized
0.00% 0.00% 89.51% 75.14%
Corporate
0.00% 0.00% 93.86% 95.03%
Municipal
0.00% 0.00% 31.06% 58.43%

Bond Geographic Breakdown

Weighting Return Low Return High PPFRX % Rank
US
171.96% -116.15% 7779.00% 2.62%
Non US
-11.90% -263.33% 569.75% 98.48%

Expenses

PPFRX - Expenses

Operational Fees

PPFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.78% 0.01% 43.49% 10.69%
Management Fee 1.00% 0.00% 2.50% 90.88%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

PPFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PPFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

PPFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 479.00% N/A

Distributions

PPFRX - Distributions

Dividend Yield Analysis

PPFRX Category Low Category High PPFRX % Rank
Dividend Yield 0.00% 0.00% 8.88% 51.03%

Dividend Distribution Analysis

PPFRX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

PPFRX Category Low Category High PPFRX % Rank
Net Income Ratio 0.90% -1.05% 12.65% 89.78%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PPFRX - Fund Manager Analysis

Managers

Bryan Belton


Start Date

Tenure

Tenure Rank

Aug 30, 2017

3.01

3.0%

Byran Belon, CFA is a Director on PanAgora's Multi Asset Team. Mr. Belton has an M.S.F. from Northeaster University and an A.B. from Boston College. Byran joined PanAgora in 2005 and has been in the investment industry since 1997.

Kun Yang


Start Date

Tenure

Tenure Rank

Aug 30, 2017

3.01

3.0%

Dr. Yang is a Director within the Multi Asset group. His primary responsibilities include conducting research to uncover new alpha/factor premium sources, building quantitative portfolio construction process, and managing market-neutral strategies across commodities, global equities, fixed income and currencies. Dr. Yang joined PanAgora from Vanderbilt University where he received his Ph.D. in Economics, with specialization in International Finance, Financial Econometrics and Asset Pricing.

Edward Qian


Start Date

Tenure

Tenure Rank

Aug 30, 2017

3.01

3.0%

Edward Qian, Ph.D., CFA is PanAgora's Chief Investment Officer & Head of Research, Multi Asset. Dr. Qian has a Ph.D. from Florida State University, an M.S. from The Chinese Science Academy, and a B.S. from Peking University. Dr. Qian joined PanAgora in 2005 and has been in the investment industry since 1996.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.45 6.02 5.93