Putnam Multi-Asset Absolute Return Fund
Data updated: 2026-01-12
C000071720 — Putnam Multi-Asset Absolute Return Fund. Total Return Allocation · $535.79M AUM. Holdings, fees, performance and SEC filings.
C000071720 Fund Overview
Putnam Multi-Asset Absolute Return Fund is a US mutual fund managed by Putnam Funds Trust, categorised as Total Return Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Putnam Funds Trust
- Category: Total Return Allocation
- Assets under management: $535.79M
- SEC CIK: 0001005942
- SEC series ID: S000024276
- Share class ID: C000071720
C000071720 Investment Objective and Strategy
Putnam Multi-Asset Absolute Return Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Putnam Funds Trust.
Investment objective
Putnam Multi-Asset Absolute Return Fund seeks positive total return.
Principal investment strategy
The fund is designed to pursue a consistent absolute return by combining two independent investment strategies a beta strategy, which provides broad exposure to investment markets, and an alpha strategy, which seeks returns from active trading. The beta strategy seeks to balance risk and to provide positive total return by investing, without limit, in many different asset classes, including U.S., international, and emerging markets equity securities (growth or value stocks or both) and fixed-income securities; mortgage- and asset-backed securities; below-investment-grade securities (sometimes referred to as junk bonds); inflation-protected securities; commodities; and real estate investment trusts (REITs). The alpha strategy involves the potential use of active trading strategies designed to provide additional total return through active security selection, tactical asset allocation, currency transactions and options transactions.
In pursuing a consistent absolute return, the funds strategies are also generally intended to produce lower volatility over a reasonable period of time than has been historically associated with traditional asset classes that have earned similar levels of return over long historical periods. These traditional asset classes might include, for example, equities or equity-like investments. We may consider, among other factors, a companys valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments, and, among other factors, credit, interest rate and prepayment risks when deciding whether to buy or sell fixed-income investments. We may also take into account general market conditions when making investment decisions.
We typically use derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, to a significant extent for hedging purposes and to increase the funds exposure to the asset classes and strategies mentioned above, which may create investment leverage.
C000071720 Holdings
Top 10 holdings of Putnam Multi-Asset Absolute Return Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Chicago Board Of Trade | 35.47% |
| Ubs AG | 32.72% |
| Ubs AG | 32.62% |
| Goldman Sachs International | 32.45% |
| Goldman Sachs International | 31.55% |
| Chicago Board Of Trade | 30.53% |
| Bank Of America N.a. | 22.26% |
| Bank Of America N.a. | 22.16% |
| BofA Securities, Inc. | 13.53% |
| Royal Bank Of Canada | 13.52% |
C000071720 Portfolio Allocation
Asset-class allocation of Putnam Multi-Asset Absolute Return Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Derivatives | 231.5% |
| Real Estate | 67.6% |
| Cash & Equivalents | 45.9% |
| Securitized | 44.8% |
| Equity | 22.2% |
| Fixed Income | 13.6% |
| Other | 7.9% |
C000071720 Costs and Fees
C000071720 costs about $151 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.51%
- Gross expense ratio: 1.54%
- Portfolio turnover: 1040%
C000071720 Cashflows
Over the 12 months to 2023-01, Putnam Multi-Asset Absolute Return Fund had net inflows of $481.18M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-01 | $26.03M |
| 2022-12 | $115.42M |
| 2022-11 | $37.60M |
| 2022-10 | $36.78M |
| 2022-09 | $21.17M |
| 2022-08 | $34.30M |
C000071720 Debt Constituents
Largest debt holdings of Putnam Multi-Asset Absolute Return Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Of America | 2.10% |
| United States Of America | 2.02% |
| United States Of America | 2.02% |
| United States Of America | 2.01% |
| United States Of America | 2.01% |
| United States Of America | 2.01% |
| Republic Of Cote D'ivoire | 0.20% |
| United States Of America | 0.18% |
| Republic Of Indonesia | 0.18% |
| Republic Of Senegal | 0.12% |
C000071720 Prospectus and SEC Filings
Official Putnam Multi-Asset Absolute Return Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-02-25
- Prospectus supplement (497) — filed 2023-02-09
- Prospectus supplement (497) — filed 2021-06-28
- Portfolio holdings (N-PORT) — filed 2023-03-29
- Portfolio holdings (N-PORT) — filed 2022-12-21
- Portfolio holdings (N-PORT) — filed 2022-09-27
- Annual census (N-CEN) — filed 2026-01-12
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other Total Return Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.