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PDLV5E

Putnam Dynamic Low Volatility Excess Return Index

As of 11/21/2025

INDEX VALUE

$379.55

$2.14 (0.57%)
Daily Weights (XLS)
Daily Levels (XLS)
Factsheet (PDF)

Overview

A rules-based index that seeks to avoid unwanted surprises, the Putnam Dynamic Low Volatility Excess Return Index combines U.S. stocks, Treasury bonds, and cash asset classes to pursue attractive risk-adjusted returns. On a daily basis, the Index can flex and rebalance, targeting volatility centered around 5%.

  • Pursues consistent returns with a simple mix of stocks, bonds, and cash asset classes and a dynamic process that aims to control volatility.
  • Seeks out low-volatility stocks of large U.S. companies that have better historical risk-adjusted returns than the S&P 500 Index.
  • Dynamic daily rebalancing to target 5% volatility, seeking both growth and protection as markets demand. 

Index Information

Ticker

PDLV5E

Live Inception Date

June 24, 2020

Volatility Target

5%

Currency

US Dollar

Use of Leverage

No

Composition

US Large Cap Equity
10 Year US Treasury Futures
Cash

Performance

Historical Index Value
As of 11/21/2025
Since Inception Time Period
  • MTD
  • QTD
  • YTD
  • 1 Year
  • 2 Years
  • 3 Years
  • 5 Years
  • 7 Years
  • 10 Years
  • Since Inception

Time Period Return

3.78%

Created with Highcharts 10.3.3199020002010202020002020$0$100$200$300$400$500Live Date
Total Returns
As of 10/31/2025
Month End   As of 10/31/2025
Putnam Dynamic Low Volatility Excess Return Index
1 Month  
-1.68
3 Months  
-0.56
6 Months  
-1.16
YTD  
0.22
1 Year  
-1.72
2 Years  
1.27
3 Years  
-0.93
5 Years  
-2.04
7 Years  
0.39
10 Years  
1.80
Since Inception  
3.76
Month End   As of 10/31/2025
Putnam Dynamic Low Volatility Excess Return Index
2024  
-1.49
2023  
-2.21
2022  
-11.62
2021  
3.13
2020  
4.04
2019  
11.62
2018  
-0.34
2017  
12.81
2016  
4.21
2015  
1.11
Month End   As of 10/31/2025
Putnam Dynamic Low Volatility Excess Return Index
Oct-24 / Oct-25  
-1.72
Oct-23 / Oct-24  
4.35
Oct-22 / Oct-23  
-5.18
Oct-21 / Oct-22  
-10.02
Oct-20 / Oct-21  
3.08
Oct-19 / Oct-20  
1.18
Oct-18 / Oct-19  
12.62
Oct-17 / Oct-18  
1.55
Oct-16 / Oct-17  
8.85
Oct-15 / Oct-16  
5.21

Hypothetical and past performance is no guarantee of future performance. The Index was created on June  24, 2020. Levels for the Index prior to June 24, 2020 represent hypothetical data determined by retroactive application of a back-tested model, itself designed with the benefit of hindsight. Actual performance will vary, perhaps materially, from the performance set forth herein.

Allocations

Asset Class Weights (Historically)
As of 11/26/2025
Created with Highcharts 10.3.3