Putnam Multi-Asset Absolute Return Fund
Putnam Funds Trust
Expense ratio
Net assets1
$535.79M
Holdings1
209
Category
Other
Return

Investment objective & strategy

As of Feb. 25, 2022 · prospectus

Objective. 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
SecurityTickerValue% 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%
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Allocation by sector

As of January 31, 2023 · N-PORT
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Portfolio moves

Oct 31, 2022 → Jan 31, 2023
Opened
32
Exited
179
Increased
12
Decreased
47
Unchanged
120

How 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.

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Advisers

As of October 31, 2025 · N-CEN
FirmRole
Putnam Investment Management, LLC Adviser
The Putnam Advisory Company, LLC Sub-adviser
Putnam Investments Limited Sub-adviser

Footnotes

  1. Net assets and holdings count as of January 31, 2023, from the fund's N-PORT filing.

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