Dynamic Risk Asset Allocation: Annual Report - Putnam Investments

More documents

Recommendations

Info

COMMON STOCKS (43.3%)* cont. Shares ValueBanking cont.Wells Fargo & Co. 1,420 $72,108Westpac Banking Corp. (Australia) 4,643 148,600Basic materials (2.2%)4,520,198Aceto Corp. 388 6,763Albemarle Corp. 3,173 219,540Amcor, Ltd. (Australia) 9,483 93,584Andersons, Inc. (The) 188 9,577Antofagasta PLC (United Kingdom) 6,672 88,183Axiall Corp. 491 22,689BASF SE (Germany) 1,541 177,439BHP Billiton PLC (United Kingdom) 4,056 126,999BHP Billiton, Ltd. (Australia) 4,616 156,807Cambrex Corp. † 1,426 30,645Chemtura Corp. † 1,345 33,598Domtar Corp. (Canada) 103 9,361EMS-Chemie Holding AG (Switzerland) 238 89,300Glencore Xstrata PLC (United Kingdom) 18,478 100,151Hi-Crush Partners LP (Units) 406 20,328Hitachi Metals, Ltd. (Japan) 15,000 213,409Horsehead Holding Corp. † 1,467 24,323Innophos Holdings, Inc. 288 15,120Innospec, Inc. 353 14,886International Flavors & Fragrances, Inc. 3,139 311,577Johnson Matthey PLC (United Kingdom) 4,421 238,024KapStone Paper and Packaging Corp. † 631 18,331Koninklijke Boskalis Westminster NV (Netherlands) 2,196 125,067Kraton Performance Polymers, Inc. † 423 10,520L.B. Foster Co. Class A 231 11,799Landec Corp. † 2,345 28,163Limoneira Co. 233 5,452LSB Industries, Inc. † 624 23,812Minerals Technologies, Inc. 141 8,742NN, Inc. 1,082 26,541Olin Corp. 586 15,969OM Group, Inc. 362 11,150PPG Industries, Inc. 2,592 522,573Rio Tinto PLC (United Kingdom) 2,107 107,966S&W Seed Co. † 924 6,172Sigma-Aldrich Corp. 4,639 457,081Sumitomo Metal Mining Co., Ltd. (Japan) 7,000 106,325Syngenta AG (Switzerland) 363 139,647Trex Co., Inc. † 534 16,506Tronox, Ltd. Class A 320 8,502U.S. Silica Holdings, Inc. 750 37,928UPM-Kymmene OYJ (Finland) 7,292 128,327voestalpine AG (Austria) 3,512 162,508W.R. Grace & Co. † 76 6,998Dynamic Risk Allocation Fund21
COMMON STOCKS (43.3%)* cont. Shares ValueBasic materials cont.Wendel SA (France) 915 $138,199Zep, Inc. 791 13,843Capital goods (1.9%)4,140,424ABB, Ltd. (Switzerland) 6,270 148,926Airbus Group NV (France) 2,857 204,891Aisin Seiki Co., Ltd. (Japan) 4,000 146,065Alfa Laval AB (Sweden) 6,752 176,872Alliant Techsystems, Inc. 216 27,279Altra Industrial Motion Corp. 791 27,044Astronics Corp. † 199 10,917AZZ, Inc. 346 15,400Boeing Co. (The) 1,795 242,774Chase Corp. 470 14,354Douglas Dynamics, Inc. 690 12,054DXP Enterprises, Inc. † 146 10,157Franklin Electric Co., Inc. 307 11,758Generac Holdings, Inc. 435 21,176General Dynamics Corp. 4,252 502,246Greenbrier Cos., Inc. (The) † 937 52,004HD Supply Holdings, Inc. † 383 10,061HEICO Corp. 89 4,636Hyster-Yale Materials Holdings, Inc. 163 13,705IHI Corp. (Japan) 28,000 118,137II-VI, Inc. † 1,049 14,120IMI PLC (United Kingdom) 6,446 172,552JGC Corp. (Japan) 4,000 115,461Kadant, Inc. 445 16,866Miller Industries, Inc. 569 11,556MRC Global, Inc. † 2,382 68,578MSA Safety, Inc. 174 9,511NACCO Industries, Inc. Class A 70 3,798OSRAM Licht AG (Germany) † 1,790 90,830Polypore International, Inc. † 107 4,756Roper Industries, Inc. 1,599 226,546Safran SA (France) 1,239 84,084Singapore Technologies Engineering, Ltd. (Singapore) 37,000 114,217Standard Motor Products, Inc. 785 32,593Standex International Corp. 195 14,399Stericycle, Inc. † 1,455 166,408Stoneridge, Inc. † 1,323 12,714Tenneco, Inc. † 187 11,921THK Co., Ltd. (Japan) 4,600 101,935Tower International, Inc. † 839 25,707TriMas Corp. † 989 34,724US Ecology, Inc. 200 9,880Vinci SA (France) 2,183 161,58422 Dynamic Risk Allocation Fund
Page 1 and 2: PutnamDynamic RiskAllocation FundFU
Page 3 and 4: Message from the TrusteesDear Fello
Page 5 and 6: PerformancesnapshotAnnualized total
Page 7 and 8: program late in 2013 and end it by
Page 9 and 10: In this shifting environment, where
Page 11 and 12: at the same rate as during the past
Page 13 and 14: Change in the value of a $10,000 in
Page 15 and 16: Expenses per $1,000The following ta
Page 17 and 18: S&P 500 Index is an unmanaged index
Page 19 and 20: Financial statementsThese sections
Page 21: The fund’s portfolio 5/31/14COMMO
Page 25 and 26: COMMON STOCKS (43.3%)* cont. Shares
Page 37 and 38: CORPORATE BONDS AND NOTES (17.6%)*
Page 51 and 52: U.S. TREASURY OBLIGATIONS (0.2%)* P
Page 53 and 54: PURCHASED OPTIONSOUTSTANDING (0.3%)
Page 55 and 56: S Security on loan, in part or in e
Page 57 and 58: FORWARD CURRENCY CONTRACTS at 5/31/
Page 59 and 60: FORWARD CURRENCY CONTRACTS at 5/31/
Page 61 and 62: OTC TOTAL RETURN SWAP CONTRACTS OUT
Page 63 and 64: OTC CREDIT DEFAULT CONTRACTS OUTSTA
Page 65 and 66: Statement of assets and liabilities
Page 67 and 68: Statement of operations Year ended
Page 69 and 70: Financial highlights (For a common
Page 71 and 72: Notes to financial statements 5/31/
Page 73 and 74:
eceive all of the interest and prin
Page 75 and 76:
OTC total return swap contracts out
Page 77 and 78:
Federal taxes It is the policy of t
Page 79 and 80:
The fund has adopted an unfunded no
Page 81 and 82:
Year ended 5/31/14For the period 7/
Page 83 and 84:
The following is a summary of the f
Page 85 and 86:
Federal tax information (Unaudited)
Page 87 and 88:
About the TrusteesIndependent Trust
Page 89 and 90:
OfficersIn addition to Robert L. Re
Page 91 and 92:
Absolute ReturnAbsolute Return 100
Page 93:
A BALANCED APPROACHSince 1937, when
show all

Dynamic Risk Asset Allocation: Annual Report - Putnam Investments

Create successful ePaper yourself

Delete template?

Save as template?