Putnam offers four absolute return funds designed to pursue positive, targeted returns over three years or more with less volatility than more traditional funds. Each fund can be an alternative to a more traditional fund and diversify a portfolio with a modern investment philosophy.
| Target return
over 3 years |
Alternative to | ||
| Putnam Absolute Return 100 Fund | 1% over Treasury bills
|
Short-term securities
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| Putnam Absolute Return 300 Fund | 3% over Treasury bills
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Bond funds
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| Putnam Absolute Return 500 Fund | 5% over Treasury bills | Balanced funds | |
| Putnam Absolute Return 700 Fund | 7% over Treasury bills | Stock funds |
Bonds are better so far in 2009
Portfolio Manager Jeff Knight explains how bonds have matched equity returns this year, only with more consistency.
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For an update on the positive reception these funds have received in the market, please visit our media page. |
Each Absolute Return Fund seeks to outperform inflation, as measured by the Bank of America/Merrill Lynch Treasury Bill Index, by a targeted amount.
Class A shares include a maximum initial sales charge of 3.25% for the 100 Fund and 300 Fund, and 5.75% for the 500 Fund and 700 Fund. A 1% redemption fee may apply to any shares redeemed or exchanged within seven days of purchase.

