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Analyze what flexibility can add to your model portfolios in FundVisualizer®. Test drive Putnam funds on risk, correlation, and other metrics:
Learn about the advisor-only tool that streamlines your fund research with rich data, intuitive controls, and powerful features.
All funds involve risk, and you can lose money. See the fund's prospectus for details .
Standard deviation: Measures how widely a set of values varies from the mean. It is a historical measure of the variability of return earned by an investment portfolio over a 3-year period.
Duration: Duration provides a measure of a fund's interest-rate sensitivity. The longer a fund's duration, the more sensitive the fund is to shifts in interest rates.
Sharpe ratio: Measure of historical adjusted performance calculated by dividing the fund's return minus the risk-free rate (ML 3-month T-bill) by the standard deviation of the fund's return. The higher the ratio, the better the fund's return per unit of risk.
Alpha: Measure of performance on a risk-adjusted basis. Alpha takes the volatility of a mutual fund and compares its risk-adjusted performance with that of a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund's alpha.
For complete fund information, including risks, please click on fund title.