100 Fund and 300 Fund invested in a wide range of income securities
Allocations will vary over time.
500 Fund and 700 Fund pursued flexible strategies with bonds, stocks, and commodities
Allocations will vary over time.
For the most recent performance, visit putnam.com/absolutereturn (more…)
ShareHow did the funds perform in December, and in 2009 overall?
Jeff Knight: In December, all four funds advanced. It represented yet another positive month for stocks, but it was a more difficult period for bonds as long-term interest rates increased. For the full year, all four funds had positive results with low volatility achieved … Continue Reading »
One potentially powerful dimension of absolute return investing involves alternative asset classes, a broad category that includes investments beyond stocks and bonds. Examples include commodities, real estate, and foreign currencies. Freedom to choose among these investments, when given to an experienced, professional money manager, can … Continue Reading »
A type of flexibility common to many absolute return strategies is the ability to use modern investment tools such as derivatives, including forwards, futures, and option contracts. A trained, professional money manager can use these tools to gain exposure to specific markets, to fine-tune … Continue Reading »
Most people have a reason to invest, with saving for retirement or protecting their nest egg being the most popular reasons. But after the experience of 2008 and early 2009, many have questioned what investment strategy to trust, and how to build a strong portfolio.
Absolute return investing offers an innovative strategy for investors, focusing on … Continue Reading »
There is no question that financial markets in 2009 were marked by volatility and unexpected transitions, making absolute return investing all the more attractive. Yet it would seem that, for stocks to recover as powerfully as they have since … Continue Reading »
The views and opinions expressed are those of the Putnam Investments, are subject to change with market conditions, and are not meant as investment advice.
Putnam Absolute Return Funds pursue a positive return that exceeds the rate of inflation, as reflected by Treasury bills, over a period of three-years with less volatility than general securities markets.
Consider these risks before investing in Putnam Absolute Return Funds: Asset allocation decisions may not always be correct and may adversely affect fund performance. The use of leverage through derivatives may magnify this risk. Leverage and derivatives carry other risks that may result in losses, including the effects of unexpected market shifts and/or the potential illiquidity of certain derivatives. International investments carry risks of volatile currencies, economies, and governments, and emerging-market securities can be illiquid. Bonds are affected by changes in interest rates, credit conditions, and inflation. As interest rates rise, prices of bonds fall. Long-term bonds are more sensitive to interest-rate risk than short-term bonds, while lower-rated bonds may offer higher yields in return for more risk. Unlike bonds, bond funds have ongoing fees and expenses. For the Putnam Absolute Return 500 Fund and Putnam Absolute Return 700 Fund, these risks also apply: Stocks of small and/or midsize companies increase the risk of greater price fluctuations. REITs involve the risks of real estate investing, including declining property values. Commodities involve the risks of changes in market, political, regulatory, and natural conditions. Additional risks are listed in the funds' prospectus.
The funds are not intended to outperform stocks and bonds during strong market rallies.
Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, visit the prospectus section of putnam.com, call your financial representative, or call Putnam at 1-800-225-1581. Please read the prospectus carefully before investing.
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