17.37 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 17.37
Category Retirement Income
Net Assets 16.41 Mil
Yield 1.93%
Morningstar Risk Below Average
Morningstar Return Below Average
  • Last NAV update 4/23/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks as high a rate of current income as Putnam Investment Management believes is consistent with preservation of capital. The fund employs an asset allocation strategy designed for investors who are already in retirement or who plan to retire (or otherwise begin withdrawing the invested funds) in the near future. It is designed to provide diversification among different asset classes by investing a majority of its assets in other Putnam mutual funds, referred to as underlying funds.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 5.26% -0.39% 7.08% 5.52% 1.51%
Value ($) 10,526.38 10,485.04 11,226.86 11,846.95 12,025.48
  • Year to date performance as of 4/23/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Putnam
Fund Manager Robert Kea
Tenure (Years) 9
Fund Status Open
Minimum Initial Purchase 0.00
Minimum IRA Investment NA
Front Load 4.00
Expense Ratio 0.25%
PERFORMANCE
Symbol Value ($)
1 Month 0.27%
3 Months 1.27%
1 Year 4.07%
3 Years* 3.45%
5 Years* 8.42%
  • * Annualized returns
  • Performance as of 4/23/2014 12:00 AM ET
PEER COMPARISON
  PRMAX Retirement Income
5-Yr Return 8.42% 10.16%
Sharpe Ratio 1.01 1.10
Net Assets 16.41 Mil 104.11 Mil
Avg Market Cap 35.20 Bil 34.02 Bil
Avg P/E 14.58 17.35
Portfolio Turnover 138 36
HOLDINGS
Symbol Value ($)
Stocks 15.54%
Cash 49.56%
Fixed Income 34.06%
Other 3.70%
TOP 10 HOLDINGS
NAME % NET ASSETS
Putnam Dynamic Asset Allocation Cnsrv Y 24.45%
Putnam Absolute Return 500 Y 21.58%
Putnam Absolute Return 300 Y 15.10%
Putnam Absolute Return 100 Y 6.47%
DATA PROVIDERS

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