Putnam Fixed Income Absolute Return Fund

C000118006 Fund Overview

Putnam Fixed Income Absolute Return Fund is a US mutual fund managed by Putnam Funds Trust, categorised as Long Total / Aggregate Bond. 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: Long Total / Aggregate Bond
• Assets under management: $1.63B
• 1-year return: 4.4%
• SEC CIK: 0001005942
• SEC series ID: S000024275
• Share class ID: C000118006

C000118006 Investment Objective and Strategy

Putnam Fixed Income 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 Fixed Income Absolute Return Fund seeks positive total return.

Principal investment strategy

The fund is designed to pursue a consistent absolute return through a broadly diversified portfolio reflecting uncorrelated fixed-income strategies designed to exploit market inefficiencies across global markets and fixed-income sectors. These strategies include investments in the following asset categories: (a) sovereign debt: obligations of governments in developed and emerging markets; (b) corporate credit: investment-grade debt, below-investment-grade debt (sometimes referred to as junk bonds), bank loans, convertible bonds and structured credit; and (c) securitized assets: asset-backed securities, residential mortgage-backed securities (which may be backed by non-qualified or sub-prime mortgages), commercial mortgage-backed securities and collateralized mortgage obligations. 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, bonds with moderate exposure to interest rate and credit risks. Under normal circumstances, the fund will invest at least 80% of its net assets in fixed-income securities (fixed-income securities include any debt instrument, and may be represented by other investment instruments, including derivatives). This policy may be changed only after 60 days notice to shareholders. We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments. We typically use derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes. Accordingly, we may use derivatives to a significant extent to obtain or enhance exposure to the fixed-income sectors and strategies mentioned above, and to hedge against risk.

C000118006 Holdings

Top 10 holdings of Putnam Fixed Income Absolute Return Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000118006 holdings

C000118006 Portfolio Allocation

Asset-class allocation of Putnam Fixed Income Absolute Return Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000118006 Performance

Total returns for C000118006 (as of 2026-10-01), from SEC filings.

C000118006 Risk Information

Risk metrics for C000118006, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 3.5%

C000118006 Costs and Fees

C000118006 costs about $39 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.39%
• Gross expense ratio: 0.39%
• Portfolio turnover: 389%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000118006 Cashflows

Over the 12 months to 2026-04, Putnam Fixed Income Absolute Return Fund had net inflows of $475.67M, from monthly SEC N-PORT filings.

C000118006 Debt Constituents

Largest debt holdings of Putnam Fixed Income Absolute Return Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000118006 Prospectus and SEC Filings

Official Putnam Fixed Income Absolute Return Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-02-24
• Prospectus (485BPOS) — filed 2025-02-26
• Prospectus (485BPOS) — filed 2024-02-27
• Portfolio holdings (N-PORT) — filed 2026-09-25
• Portfolio holdings (N-PORT) — filed 2026-06-24
• Portfolio holdings (N-PORT) — filed 2026-03-27
• Annual census (N-CEN) — filed 2026-01-12
• Annual census (N-CEN) — filed 2025-01-13

Related Funds

Other Long Total / Aggregate Bond funds tracked on ABC INVEST:

• Dodge & Cox Income Fund (DODIX)
• Bond Fund Of America (ABNDX)
• Fidelity U.S. Bond Index Fund (FUBFX)
• Baird Aggregate Bond Fund (BAGIX)
• PGIM Total Return Bond Fund (PDBAX)

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.