PRMKX - Putnam Retirement Inc Lifestyle 1 R

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Putnam Retirement Inc Lifestyle 1 R

Putnam FundsOne Post Office SquareBoston MA 02109
Management Information
Robert J. Kea,Lead Manager since October 31, 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.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryTarget-Date Retirement
Fund FamilyPutnam
Net Assets95.23M
YTD Return6.32%
Morningstar Rating★★
Inception DateOct 31, 2004

Fund Operations

Last Dividend0.00
Last Cap Gain0.00
Holdings Turnover39.00%
Average for CategoryN/A

Fees & Expenses

ExpensePRMKXCategory Average
Annual Report Expense Ratio (net)0.63%0.40%
Prospectus Net Expense Ratio1.28%N/A
Prospectus Gross Expense Ratio1.50%N/A
Max 12b1 Fee0.50%N/A
Max Front End Sales LoadN/A5.03%
Max Deferred Sales LoadN/A1.87%
3 Yr Expense Projection453N/A
5 Yr Expense Projection798N/A
10 Yr Expense Projection1,772N/A