Putnam Absolute Return Funds offer a choice of return targets for all kinds of investors

Each fund seeks to earn a positive total return that exceeds the rate of inflation by a targeted amount over a reasonable period of time regardless of market conditions. There can be no assurance that a fund will meet its objective.

The funds are not intended to outperform stocks and bonds during strong market rallies.

Consult your financial advisor to determine which fund fits into your investment goals and time horizon.

Fund resources

Absolute Return 100
- Product details
- Fact sheet (PDF)
- Prospectus (PDF)
- Annual report (PDF)
- Semiannual report (PDF)
Absolute Return 300
- Product details
- Fact sheet (PDF)
- Prospectus (PDF)
- Annual report (PDF)
- Semiannual report (PDF)
Absolute Return 500
- Product details
- Fact sheet (PDF)
- Prospectus (PDF)
- Annual report (PDF)
- Semiannual report (PDF)
Absolute Return 700
- Product details
- Fact sheet (PDF)
- Prospectus (PDF)
- Annual report (PDF)
- Semiannual report (PDF)

Brochure

Fact sheet

Experienced portfolio management

Available Resources

White papers:

Absolute return investing

Smoothing out the rough patches

While Treasury bills are backed by the U.S. government, investments in mutual funds are not.

Consider these risks before investing: Our allocation of assets among permitted asset categories may hurt performance. Funds that invest in bonds are subject to certain risks including interest-rate risk, credit risk, and inflation risk. As interest rates rise, the prices of bonds fall. Long-term bonds are more exposed to interest-rate risk than short-term bonds. Unlike bonds, bond funds have ongoing fees and expenses. Lower-rated bonds may offer higher yields in return for more risk. Funds that invest in government securities are not guaranteed. Mortgage-backed securities are subject to prepayment risk. International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. Additional risks may be associated with emerging-market securities, including illiquidity and volatility. The use of derivatives involves special risks and may result in losses. For the 500 Fund and 700 Fund, these risks also apply: 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. Investments in small and/or midsize companies increase the risk of greater price fluctuations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Additional risks are listed in the funds' prospectus.

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, click on the prospectus section or call your financial representative or call Putnam at 1-800-225-1581. Please read the prospectus carefully before investing.

Putnam Retail Management