Putnam Fixed Income Absolute Return Fund (PYTRX)
The investment seeks positive total return. 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). It 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.
Fund Info
US7467643232
Dec 22, 2008
$0
Expense Ratio
PYTRX features an expense ratio of 0.46%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Putnam Fixed Income Absolute Return Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Putnam Fixed Income Absolute Return Fund had a return of 0.51% year-to-date (YTD) and 4.21% in the last 12 months. Over the past 10 years, Putnam Fixed Income Absolute Return Fund had an annualized return of 1.99%, while the S&P 500 had an annualized return of 11.31%, indicating that Putnam Fixed Income Absolute Return Fund did not perform as well as the benchmark.
PYTRX
0.51%
0.50%
-1.56%
4.21%
0.76%
1.99%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PYTRX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.64% | 0.51% | |||||||||||
| 2024 | 0.02% | -1.32% | 1.00% | -2.32% | 1.78% | 1.01% | 2.24% | 1.47% | 1.33% | -2.37% | 1.12% | -1.62% | 2.20% |
| 2023 | 0.54% | -0.67% | 2.38% | 0.66% | -1.14% | -0.51% | -0.03% | -0.63% | -2.38% | -1.81% | 4.71% | 3.81% | 4.79% |
| 2022 | 0.53% | -0.37% | -0.15% | -0.15% | -0.49% | -1.31% | 1.20% | -0.45% | -2.10% | 0.67% | 2.23% | 0.10% | -0.35% |
| 2021 | 0.49% | 1.32% | -0.24% | -0.34% | -0.86% | -0.46% | -1.84% | 0.08% | 0.08% | -1.34% | -0.59% | 0.06% | -3.61% |
| 2020 | 0.03% | -0.13% | -7.49% | 1.63% | 1.72% | 1.26% | 0.40% | 0.08% | 0.39% | 0.71% | 1.56% | 1.02% | 0.83% |
| 2019 | 2.16% | 0.66% | 0.55% | 0.65% | 0.13% | 1.07% | 1.16% | 0.54% | 0.44% | 0.24% | 0.74% | 0.68% | 9.39% |
| 2018 | 1.24% | 0.10% | 0.31% | 0.41% | -0.30% | 0.71% | 0.20% | -0.17% | 0.54% | -0.48% | -0.28% | -1.36% | 0.89% |
| 2017 | 1.67% | 0.31% | 0.61% | 0.51% | 0.30% | 0.61% | 0.10% | -0.10% | 0.80% | 0.30% | 0.30% | 0.01% | 5.53% |
| 2016 | -2.37% | -2.32% | 1.73% | 1.27% | 0.21% | -0.31% | 1.15% | 0.62% | 0.83% | 0.20% | 0.61% | 0.68% | 2.23% |
| 2015 | -0.87% | 1.46% | -0.77% | 0.10% | -0.00% | -0.48% | 0.10% | -0.29% | -0.87% | 0.29% | 0.10% | -0.47% | -1.72% |
| 2014 | -0.28% | 0.95% | 0.94% | 0.09% | -0.28% | 0.56% | 0.46% | -0.55% | 0.74% | -0.92% | -0.09% | 0.32% | 1.93% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PYTRX is 40, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Putnam Fixed Income Absolute Return Fund (PYTRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Putnam Fixed Income Absolute Return Fund provided a 4.30% dividend yield over the last twelve months, with an annual payout of $0.35 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.38 | $0.40 | $0.52 | $0.43 | $0.33 | $0.44 | $0.32 | $0.46 | $0.33 | $0.48 | $0.40 |
Dividend yield | 4.30% | 4.69% | 4.85% | 6.24% | 4.90% | 3.44% | 4.46% | 3.40% | 4.76% | 3.40% | 4.96% | 3.84% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Fixed Income Absolute Return Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.40 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.19 | $0.52 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.14 | $0.43 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.44 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.12 | $0.32 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.46 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2014 | $0.40 | $0.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Fixed Income Absolute Return Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam Fixed Income Absolute Return Fund was 11.43%, occurring on Mar 23, 2020. Recovery took 192 trading sessions.
The current Putnam Fixed Income Absolute Return Fund drawdown is 3.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.43% | Feb 24, 2020 | 21 | Mar 23, 2020 | 192 | Dec 23, 2020 | 213 |
| -9.65% | Mar 1, 2021 | 666 | Oct 19, 2023 | 181 | Jul 11, 2024 | 847 |
| -7.73% | May 4, 2011 | 163 | Dec 22, 2011 | 271 | Jan 25, 2013 | 434 |
| -7.38% | Sep 18, 2014 | 353 | Feb 11, 2016 | 233 | Jan 13, 2017 | 586 |
| -4.63% | Sep 17, 2024 | 81 | Jan 13, 2025 | — | — | — |
Volatility
Volatility Chart
The current Putnam Fixed Income Absolute Return Fund volatility is 1.50%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.