Absolute Return Funds

Modern strategies pursuing positive returns with lower volatility than more traditional funds

Absolute return funds offer an alternative to more traditional stock, bond, or balanced funds. An absolute return strategy is independent of traditional benchmarks such as the S&P 500 Index or the Barclays U.S. Aggregate Bond Index, and has it the freedom to invest in a wide variety of securities as well as a variety of strategies to hedge specific types of risk. The funds may have lower volatility over time and may to operate independently of market direction.

Putnam's approach

  • We offer a choice of absolute return funds that pursue their strategies with fixed-income and multi-asset approaches.
  • The funds can provide investment diversification as an anchor to any portfolio, and serve as a complement to traditional relative return funds.
  • Putnam portfolio managers have experience in managing absolute return strategies over multiple market cycles.

Browse Putnam's Absolute Return Funds

For more information on these funds and the potential risks of investing, please click on the fund names. You can lose money investing in a mutual fund.

The funds are not intended to outperform stocks and bonds during strong market rallies. S&P 500 Index is an unmanaged index of common stock performance. Barclays U.S. Aggregate Bond Index is an unmanaged index of U.S. investment-grade fixed-income securities. You cannot invest directly in an index.