You've effectively built your own private absolute return fund and, as long as the target return is sufficient for your needs, who cares what the market does. (financialsamurai.com)
In contrast, absolute return funds seek to deliver consistent, positive absolute returns whether markets are rising or falling. (manulife.ca)
Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5 % in the first year, declining to 1 % in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, Putnam Absolute Return 100 Fund, Putnam Fixed Income Absolute Return Fund, and Putnam Short - Term Municipal Income Fund, which is 1 % in the first year, declining to 0.5 % in the second year, and is eliminated thereafter). (putnam.com)