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Putnam Fixed Income Absolute Return C PTRGX

Quantitative rating as of
  • NAV / 1-Day Return 8.26  /  0.12 %
  • Total Assets 355.4 Mil
  • Adj. Expense Ratio
    1.460%
  • Expense Ratio 1.520%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 5.18%
  • Effective Duration 1.13 years

Morningstar’s Analysis PTRGX

Will PTRGX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Summary

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Putnam Fixed Income Absolute Return C's Average People Pillar and Process Pillar ratings aren't enough to prevent other weaknesses from sending this strategy to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

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