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Putnam Retirement Income Lifestyle 3 B (PBIOX)

11.31 Up 0.05(0.44%) Nov 21
Prev Close:11.31
YTD Return*:5.02%
Net Assets*:24.37M

* As of 31-Oct-14

Quotes delayed, except where indicated otherwise. Currency in USD.

Top Holdings

Symbol% AssetsYTD Return %
Putnam Absolute Return 700 Y10.1430.09
Micron Tech Cv 1.625%0.8826.74
Buenos Aires Prov Euro Mtn Be 11.75%0.86N/A
SPDR® S&P 500 ETF0.79N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:24.37M
Category:Retirement Income
Annual Report Expense Ratio (net):1.76%

Performance & Risk

YTD Return:5.02%
5y Avg Return:7.38%
Rank in Category (ytd):22
% Rank in Category (ytd):7.59%
Beta (3y):0.84
Morningstar Risk Rating:4

Fund Summary

The investment seeks current income consistent with what the manager believes to be prudent risk; its secondary objective is capital appreciation. The fund invests mainly in a combination of bonds and common stocks of U.S. and non-U.S. companies and in Putnam Absolute Return 700 fund, which is a Putnam mutual fund the managers refer to as the underlying fund. It also invests in other fixed-income securities, such as mortgage-backed investments, and invests in money market securities or affiliated money market funds for cash management. The fund allocates 40% in equity and 60% in fixed income. View More
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