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Putnam Retirement Income Lifestyle 1 B (PRMLX)

17.42 Down 0.01(0.06%) Jul 28

Profile as of Jun 29, 2014Get Profile for:
Putnam Retirement Income Lifestyle 1 B
Putnam FundsOne Post Office SquareBoston MA 02109
Phone: 800-225-1581
Fund Overview 
Category:Retirement Income
Fund Family:Putnam
Net Assets:18.91M
Year-to-Date Return:2.53%
Morningstar Rating:1 stars
Fund Inception Date:Nov 1, 2004
Morningstar Style Box 
Retirement Income
[View Category Definition]
View Top Retirement Income Funds
About the Morningstar Style Box
Management Information 
Jeffrey L. Knight
Lead Manager since Nov 1, 2004
Knight is a Managing Director, Head of Investments, and Chief Investment Officer of Putnam’s Global Asset Allocation team. In this role, he oversees the team’s institutional and individual portfolios and the asset allocation investment process for Putnam’s multi-asset-class portfolios. Mr. Knight is a Portfolio Member of The George Putnam Fund of Boston. Mr. Knight joined Putnam in 1993 as Vice President, Senior Quantitative Analyst, in the GAA Group. A founding member of the team, he was instrumental in the development and implementation of the group’s quantitative models and methodologies. Mr. Knight authors Putnam’s Capital Markets Outlook and is a member of Putnam’s Advisory Council.
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
PRMLX can be purchased from 30 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 (Dec 25, 2013) : 0.26
Last Cap Gain : 0.00
Annual Holdings Turnover (Jul 23, 2014) : 138.00%
Average for Category:30.70%
Fees & Expenses 
ExpensePRMLXCategory Avg
Annual Report Expense Ratio (net):1.00%0.49%
Prospectus Net Expense Ratio:1.68%N/A
Prospectus Gross Expense Ratio:1.80%N/A
Max 12b1 Fee:1.00%N/A
Max Front End Sales Load:N/A4.66%
Max Deferred Sales Load: 5.00%1.87%
3 Yr Expense Projection*:855528
5 Yr Expense Projection*:1,164776
10 Yr Expense Projection*:1,9091,556
* Per $10,000 invested