PTRBX: Putnam Fixed Income Absolute Return B

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PTRBX Putnam Fixed Income Absolute Return B


Profile

PTRBX - Profile

Vitals

  • YTD Return -5.0%
  • 3 Yr Annualized Return -2.1%
  • 5 Yr Annualized Return -1.7%
  • Net Assets $503 M
  • Holdings in Top 10 96.3%

52 WEEK LOW AND HIGH

$9.33
$8.66
$9.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.06%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Nontraditional Bond

Distributions

  • YTD Total Return -5.0%
  • 3 Yr Annualized Total Return -2.1%
  • 5 Yr Annualized Total Return -1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.37%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

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

Fund Description

The fund will invest at least 80% of its net assets in fixed-income securities (fixed-income securities include any debt instrument, and may be represented by other investment instruments, including derivatives). It 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.


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Categories

Performance

PTRBX - Performance

Return Ranking - Trailing

Period PTRBX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.0% -21.5% 302.0% 74.69%
1 Yr -4.5% -24.0% 304.7% 70.44%
3 Yr -2.1%* -12.1% 58.6% 67.05%
5 Yr -1.7%* -6.7% 33.2% 76.50%
10 Yr -1.5%* -4.9% 14.8% 58.82%

* Annualized

Return Ranking - Calendar

Period PTRBX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% -7.4% 12.4% 31.77%
2018 -2.3% -9.2% 0.8% 15.79%
2017 0.7% -12.3% 9.4% 57.20%
2016 -1.0% -2.8% 10.7% 96.54%
2015 -6.3% -11.1% 4.8% 73.00%

Total Return Ranking - Trailing

Period PTRBX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.0% -21.5% 302.0% 74.69%
1 Yr -4.5% -24.0% 304.7% 70.75%
3 Yr -2.1%* -9.0% 62.5% 69.77%
5 Yr -1.7%* -4.3% 37.0% 82.95%
10 Yr -1.5%* -4.9% 20.0% 72.94%

* Annualized

Total Return Ranking - Calendar

Period PTRBX Return Category Return Low Category Return High Rank in Category (%)
2019 4.5% -7.0% 12.6% 34.11%
2018 -2.3% -9.2% 4.8% 39.85%
2017 0.7% -3.1% 15.2% 72.40%
2016 -1.0% -2.8% 17.7% 97.40%
2015 -6.3% -10.1% 5.4% 86.00%

NAV & Total Return History


Holdings

PTRBX - Holdings

Concentration Analysis

PTRBX Category Low Category High PTRBX % Rank
Net Assets 503 M 2.88 M 32.4 B 54.22%
Number of Holdings 1290 1 5115 12.97%
Net Assets in Top 10 -112 M -3.43 B 10 B 88.92%
Weighting of Top 10 96.28% 11.1% 866.9% 6.16%

Top 10 Holdings

  1. 2 Year Treasury Note Future Dec 20 54.63%
  2. Federal National Mortgage Association 4% 11.24%
  3. Federal National Mortgage Association 3.5% 8.60%
  4. Mbx.Fn30.500.10 R Usl1m P 01/12/41 Bc 3.90%
  5. Federal National Mortgage Association 2% 3.69%
  6. Federal National Mortgage Association 2% 3.49%
  7. T 2.25 R 0.225 P 09/10/20 Jp 3.17%
  8. Federal National Mortgage Association 3.5% 2.94%
  9. 5 Year Treasury Note Future Dec 20 2.88%
  10. Euro Bund Future Sept 20 1.75%

Asset Allocation

Weighting Return Low Return High PTRBX % Rank
Bonds
53.71% -2367.93% 258.37% 80.38%
Cash
36.55% -164.01% 2217.71% 17.72%
Other
6.13% -15.28% 43.46% 6.96%
Convertible Bonds
3.64% -1.28% 141.94% 25.32%
Preferred Stocks
0.17% 0.00% 23.00% 27.85%
Stocks
-0.20% -71.93% 249.29% 97.15%

Bond Sector Breakdown

Weighting Return Low Return High PTRBX % Rank
Securitized
48.23% 0.00% 95.98% 20.25%
Cash & Equivalents
23.14% -103.66% 100.00% 25.63%
Corporate
22.23% 0.00% 95.75% 48.42%
Government
6.01% -7.42% 398.07% 61.71%
Derivative
0.39% -238.73% 68.05% 49.37%
Municipal
0.00% 0.00% 80.02% 62.66%

Bond Geographic Breakdown

Weighting Return Low Return High PTRBX % Rank
US
46.48% -458.01% 190.23% 57.28%
Non US
7.23% -2231.74% 219.61% 78.16%

Expenses

PTRBX - Expenses

Operational Fees

PTRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.06% 0.01% 14.61% 63.26%
Management Fee 0.61% 0.00% 2.15% 52.28%
12b-1 Fee 0.45% 0.00% 1.00% 58.95%
Administrative Fee N/A 0.03% 0.45% N/A

Sales Fees

PTRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 6.50% N/A
Deferred Load 1.00% 1.00% 5.00% 55.32%

Trading Fees

PTRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

PTRBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 532.00% 93.05%

Distributions

PTRBX - Distributions

Dividend Yield Analysis

PTRBX Category Low Category High PTRBX % Rank
Dividend Yield 0.00% 0.00% 4.58% 51.67%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

PTRBX Category Low Category High PTRBX % Rank
Net Income Ratio 3.37% -0.23% 6.94% 44.30%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

PTRBX - Fund Manager Analysis

Managers

D. William Kohli


Start Date

Tenure

Tenure Rank

Dec 23, 2008

11.7

11.7%

Mr. Kohli is CIO. 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 Salm


Start Date

Tenure

Tenure Rank

Dec 23, 2008

11.7

11.7%

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 Scanlon


Start Date

Tenure

Tenure Rank

Dec 23, 2008

11.7

11.7%

Mr. Scanlon is a Co-Head of Fixed Income, specializing in global credit and tax-exempt strategies. He is responsible for managing all facets of the corporate credit investment process and overseeing Putnam's taxexempt team. In addition, he is accountable for the research, trading, and creation of stand-alone corporate credit portfolios as well as a number of multi-sector strategies. Mr. Scanlon joined Putnam in 1999 and has been in the investment industry since 1986. Paul is a CFA charterholder.

Albert Chan


Start Date

Tenure

Tenure Rank

Feb 28, 2017

3.51

3.5%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 25.68 5.68 1.67