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    Putnam Retirement Inc Lifestyle 1 A (PRMAX)

    16.77 Up 0.06(0.36%) Jun 29

    Profile as of May 30, 2016Get Profile for:
    Putnam Retirement Inc Lifestyle 1 A
    Putnam FundsOne Post Office SquareBoston MA 02109
    Phone: 800-225-1581
    Fund Overview 
    Category:Target-Date Retirement
    Fund Family:Putnam
    Net Assets:69.16M
    Year-to-Date Return:0.26%
    Morningstar Rating:1 stars
    Fund Inception Date:Nov 1, 2004
    Morningstar Style Box 
    Target-Date Retirement
    [View Category Definition]
    View Top Target-Date Retirement Funds
    About the Morningstar Style Box
    Management Information 
    Robert J. Kea
    Lead Manager since Nov 1, 2004
    Mr. Kea is a Co-Head of Global Asset Allocation (GAA). In partnership with other GAA Co-Heads, he directs the overall strategy and positioning of GAA products and oversees top-down equity and duration views in Putnam GAA portfolios. His work contributes to Putnam's Capital Markets Outlook. In addition, Mr. Kea is a portfolio manager who is responsible for managing GAA, multi-asset absolute-return, and total-return strategies. He joined Putnam in 1989 and has been in the investment industry since 1988. Previously at Putnam, Mr. Kea served as an Accountant for international funds. Prior to joining Putnam, he was an Accountant at State Street Bank from 1988 to 1989. He earned an M.B.A. from Bentley College and a B.A. from the University of Massachusetts, Amherst.
    Investment Information 
    Min Initial Investment:0
    Min Initial Investment, IRA:N/A
    Min Initial Investment, AIP:N/A
    Min Subsequent Investment:N/A
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:N/A
    PRMAX can be purchased from 69 brokerages.

    Fund Summary 
    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.

    Fund Operations 
    Last Dividend (Jun 27, 2016) : 0.01
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Jun 27, 2016) : 39.00%
    Average for Category:33.20%
    Fees & Expenses 
    ExpensePRMAXCategory Avg
    Annual Report Expense Ratio (net):0.25%0.44%
    Prospectus Net Expense Ratio:0.95%N/A
    Prospectus Gross Expense Ratio:1.38%N/A
    Max 12b1 Fee:0.25%N/A
    Max Front End Sales Load:4.00%4.99%
    Max Deferred Sales Load: N/A2.17%
    3 Yr Expense Projection*:779721
    5 Yr Expense Projection*:1,0861,141
    10 Yr Expense Projection*:1,9552,008
    * Per $10,000 invested