17.66 Up +0.02 +0.11%
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 17.64
Category Retirement Income
Net Assets 15.82 Mil
Yield 1.91%
Morningstar Risk Low
Morningstar Return Low
  • Last NAV update 9/16/2014 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 $10,000
  2010 2011 2012 2013 2014
Return 5.26% -0.39% 7.08% 5.52% 3.37%
Value ($) 10,526.38 10,485.04 11,226.86 11,846.95 12,245.77
  • Year to date performance as of 9/16/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Putnam
Fund Manager Robert Kea
Tenure (Years) 10
Fund Status Open
Minimum Initial Purchase 0.00
Minimum IRA Investment NA
Front Load 4.00
Expense Ratio 0.25%
PERFORMANCE
Symbol Value ($)
1 Month 0.66%
3 Months 0.73%
1 Year 6.12%
3 Years* 5.30%
5 Years* 4.83%
  • * Annualized returns
  • Performance as of 9/16/2014 12:00 AM ET
PEER COMPARISON
  PRMAX Retirement Income
5-Yr Return 4.83% 7.17%
Sharpe Ratio 1.71 2.79
Net Assets 15.82 Mil 104.11 Mil
Avg Market Cap 36.14 Bil 30.53 Bil
Avg P/E 15.51 17.72
Portfolio Turnover 138 37
HOLDINGS
Symbol Value ($)
Stocks 22.50%
Cash 27.00%
Fixed Income 49.11%
Other 6.05%
TOP 10 HOLDINGS
NAME % NET ASSETS
Putnam Dynamic Asset Allocation Cnsrv Y 34.00%
Putnam Absolute Return 500 Y 30.00%
Putnam Absolute Return 300 Y 21.00%
Putnam Absolute Return 100 Y 9.00%
DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

Financial data in US dollars | Page generated 7:42 AM ET
1-YEAR CHART Full-page chart
RECENT QUOTES
WATCHLIST
You're not signed in
You’re not signed in to MSN Money, so you’re seeing the Watchlist that is tied to your computer. For a more consistent Watchlist experience, sign in to MSN Money. Learn more
SYMBOL
LAST
CHANGE
SHARES
Quotes delayed at least 15 min
Sponsored by:
MARKET UPDATE
[BRIEFING.COM] The major averages posted solid gains ahead of tomorrow's policy directive from the Federal Open Market Committee. The S&P 500 rallied 0.8%, while the Russell 2000 (+0.3%) could not keep pace with the benchmark index. Equity indices ho ... More
Sponsored by: