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    Putnam Retirement Inc Lifestyle 1 Y (PRMYX)

    17.36 Up 0.02(0.12%) Oct 2

    Profile as of Aug 30, 2015Get Profile for:
    Putnam Retirement Inc Lifestyle 1 Y
    Putnam FundsOne Post Office SquareBoston MA 02109
    Phone: 800-225-1581
    Fund Overview 
    Category:Retirement Income
    Fund Family:Putnam
    Net Assets:21.53M
    Year-to-Date Return:0.11%
    Morningstar Rating:3 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 
    Joshua B. Kutin
    Lead Manager since Jun 16, 2011
    Mr. Kutin is a Portfolio Manager in the Global Asset Allocation Group. In this role, he is responsible for international equity quantitative stock selection and global tactical asset allocation. He is also a Portfolio Manager of Putnam Dynamic Asset Allocation Funds (Growth, Balanced, Conservative), Putnam Dynamic Risk Allocation Fund, Putnam Retirement Income Lifestyle Funds, and Putnam RetirementReady Funds. Previously, he was an Analyst, working on all aspects of the Global Asset Allocation products, from portfolio construction to forecast design. He was also an Investment Associate on the Global Asset Allocation team, where he focused on the theory and implementation of portfolio optimization systems. Mr. Kutin, a CFA charterholder, has been in the investment industry since he joined Putnam in 1998.
    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
    PRMYX can be purchased from 32 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 (Sep 27, 2015) : 0.01
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Sep 30, 2015) : 98.00%
    Average for Category:34.37%
    Fees & Expenses 
    ExpensePRMYXCategory Avg
    Annual Report Expense Ratio (net):0.00%0.52%
    Prospectus Net Expense Ratio:0.67%N/A
    Prospectus Gross Expense Ratio:1.04%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A4.95%
    Max Deferred Sales Load: N/A2.25%
    3 Yr Expense Projection*:294495
    5 Yr Expense Projection*:538766
    10 Yr Expense Projection*:1,2381,531
    * Per $10,000 invested