Investment objective & strategy
As of Feb. 25, 2022 · prospectusObjective. Putnam Multi-Asset Absolute Return Fund seeks positive total return.
Strategy. Investments The fund seeks a positive total return. In pursuing a positive total return, the funds strategies are 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. They also seek to balance risk and provide positive total return by investing, without limit, in many different asset classes, including U.S., international, and emerging markets equity securities (growth or value stocks or both) and fixed-income securities; mortgage- and asset-backed securities; below-investment-grade securities (sometimes referred to … Investments The fund seeks a positive total return. In pursuing a positive total return, the funds strategies are 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. They also seek to balance risk and provide positive total return by investing, without limit, in many different asset classes, including U.S., international, and emerging markets equity securities (growth or value stocks or both) and fixed-income securities; mortgage- and asset-backed securities; below-investment-grade securities (sometimes referred to as junk bonds); inflation-protected securities; commodities; and real estate investment
Top holdings
As of Jan. 31, 2023 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ZURN ELKAY WATER SOLUTIONS CORP | XLP 12 C78 | $176.41M | 32.92% |
| ZURN ELKAY WATER SOLUTIONS CORP | XLP 12 C78 | $176.34M | 32.91% |
| ZTO EXPRESS CAYMAN INC (GS) (CFD) | N/A | $167.77M | 31.31% |
| ZTO EXPRESS CAYMAN INC (GS) (CFD) | N/A | $162.82M | 30.39% |
| WHEAT SEP 26 | WU6 | $161.01M | 30.05% |
| WHEAT SEP 26 | WU6 | $121.13M | 22.61% |
| SOLD ZAR/BOUGHT USD | — | $116.28M | 21.70% |
| SOLD ZAR/BOUGHT USD | — | $115.88M | 21.63% |
| SOLD ZAR/BOUGHT USD | — | $90.38M | 16.87% |
| US DOLLARS | N/A | $89.00M | 16.61% |
Portfolio moves
Oct 31, 2022 → Jan 31, 2023How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Putnam VT Multi-Asset Absolute Return Fund | 35% | 0.95% |
| Putnam Dynamic Risk Allocation Fund | 22% | 0.76% |
| Putnam PanAgora Risk Parity Fund | 14% | 1.08% |
Advisers
| Firm | Role |
|---|---|
| Putnam Investment Management, LLC | Adviser |
| The Putnam Advisory Company, LLC | Sub-adviser |
| Putnam Investments Limited | Sub-adviser |
Footnotes
- Net assets and holdings count as of January 31, 2023, from the fund's N-PORT filing.
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