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PRMAX Putnam Retirement Inc Lifestyle 1 A

  • Fund
  • PRMAX
  • Price as of: Jul 20, 2018
  • $17.62
  • + $17.62
  • - 0.00%
  • Category
  • Retirement Income

PRMAX - Profile

Vitals

  • YTD Return -0.7%
  • 3 Yr Annualized Return 2.4%
  • 5 Yr Annualized Return 3.3%
  • Net Assets $101 M
  • Holdings in Top 10 94.2%

52 WEEK LOW AND HIGH

$17.62
$17.40
$18.09

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.38%

SALES FEES

  • Front Load 4.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 39.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Retirement Income
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date Retirement

Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.14%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Putnam Retirement Income Lifestyle 1 Fund
  • Fund Family Name Putnam
  • Inception Date Nov 01, 2004
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Jason R. Vaillancourt

Fund Description

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 its assets in other Putnam mutual funds, referred to as underlying funds.

PRMAX - Performance

Return Ranking - Trailing

Period PRMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.7% -17.4% 7.5% 58.38% 4
1 Yr 2.6% -4.4% 12.6% 74.07% 4
3 Yr 2.4% * 0.5% 8.5% 90.57% 5
5 Yr 3.3% * 1.1% 10.5% 81.94% 5
10 Yr 3.1% * 2.1% 7.3% 88.70% 5

* Annualized


Return Ranking - Calendar

Period PRMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 4.5% -12.3% 18.5% 43.71% 3
2016 1.2% -7.9% 4.4% 59.24% 4
2015 -4.1% -26.7% 3.4% 43.95% 3
2014 2.0% -6.5% 8.8% 31.58% 2
2013 3.5% -3.0% 24.8% 34.46% 2

Total Return Ranking - Trailing

Period PRMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.7% -17.4% 7.5% 57.80% 4
1 Yr -1.5% -8.3% 12.6% 89.42% 5
3 Yr 1.1% * -0.5% 8.5% 98.11% 5
5 Yr 2.4% * 0.8% 10.5% 90.97% 5
10 Yr 2.6% * 2.1% 7.3% 92.17% 5

* Annualized


Total Return Ranking - Calendar

Period PRMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 4.5% -12.3% 18.5% 44.31% 3
2016 1.6% -3.0% 6.7% 64.97% 4
2015 -0.6% -5.0% 9.3% 34.39% 2
2014 4.7% -0.4% 12.3% 50.00% 3
2013 6.0% -0.3% 33.2% 50.00% 3

NAV & Total Return History

PRMAX - Holdings

Filings data as of: Mar 31, 2018

Concentration Analysis

PRMAX Category Low Category High PRMAX % Rank Quintile
Net Assets 101 M 1.32 M 16.7 B 18.42% 3
Number of Holdings 6 2 9868 17.37% 5
Net Assets in Top 10 92.7 M 843 K 16.7 B 16.84% 3
Weighting of Top 10 94.2% 2.0% 114.1% 8.42% 2

Top 10 Holdings

  1. Putnam Dynamic Asset Allocation Cnsrv P 34.06%
  2. Putnam Absolute Return 500 P 30.05%
  3. Putnam Fixed Income Absolute Return P 21.04%
  4. Putnam Absolute Return 100 P 9.02%

Asset Allocation

Weighting Category Low Category High PRMAX % Rank Quintile
Bonds
50.65% 0.00% 98.48% 21.58% 4
Cash
32.04% -31.89% 63.19% 2.11% 1
Stocks
20.08% 0.00% 98.04% 25.26% 5
Convertible Bonds
0.08% 0.00% 15.15% 9.47% 3
Preferred Stocks
0.06% 0.00% 4.85% 12.11% 3
Other
-2.91% -2.91% 22.77% 27.89% 5

Stock Sector Breakdown

Weighting Category Low Category High PRMAX % Rank Quintile
Technology
3.98% 0.00% 19.47% 19.44% 3
Financial Services
3.39% 0.00% 16.29% 25.00% 4
Consumer Cyclical
2.63% 0.09% 13.05% 22.22% 4
Healthcare
2.26% 0.09% 11.75% 23.89% 4
Industrials
1.92% 0.08% 11.38% 25.00% 5
Consumer Defense
1.59% 0.07% 8.74% 22.22% 4
Utilities
1.32% 0.02% 2.77% 6.11% 2
Energy
1.09% 0.00% 5.41% 24.44% 5
Communication Services
0.96% 0.00% 2.20% 12.22% 3
Basic Materials
0.92% 0.00% 4.11% 21.11% 4
Real Estate
0.55% 0.00% 13.53% 26.11% 5

Stock Geographic Breakdown

Weighting Category Low Category High PRMAX % Rank Quintile
US
12.77% 0.00% 66.38% 24.21% 4
Non US
7.31% 0.00% 34.05% 22.63% 4

Bond Sector Breakdown

Weighting Category Low Category High PRMAX % Rank Quintile
Cash & Equivalents
32.28% -30.70% 35.46% 1.58% 1
Securitized
28.14% 0.00% 28.14% 0.53% 1
Corporate
20.42% 0.00% 44.95% 12.11% 3
Government
2.32% 0.00% 98.48% 31.05% 5
Municipal
0.00% 0.00% 9.68% 19.47% 5
Derivative
-0.33% -26.92% 4.64% 13.16% 5

Bond Geographic Breakdown

Weighting Category Low Category High PRMAX % Rank Quintile
US
43.48% 0.00% 98.48% 22.11% 4
Non US
7.17% -1.15% 24.82% 13.68% 3

PRMAX - Expenses

Operational Fees

PRMAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.38% 0.00% 5.04% 42.63% 2
Management Fee 0.00% 0.00% 0.80% 13.68% 1
12b-1 Fee 0.25% 0.00% 1.00% 8.46% 2
Administrative Fee N/A 0.00% 0.40% N/A N/A

Sales Fees

PRMAX Fees (% of AUM) Category Low Category High PRMAX Rank Quintile
Front Load 4.00% 2.50% 5.75% 24.14% 2
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

PRMAX Fees (% of AUM) Category Low Category High PRMAX Rank Quintile
Max Redemption Fee N/A N/A N/A N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PRMAX Fees (% of AUM) Category Low Category High PRMAX Rank Quintile
Turnover 39.00% 3.00% 151.00% 8.95% 4

PRMAX - Distributions

Dividend Yield Analysis

PRMAX Category Low Category High PRMAX % Rank Quintile
Dividend Yield 0.1% 0.01% 1.14% 77.19% 5

Dividend Distribution Analysis

PRMAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

PRMAX Category Low Category High PRMAX % Rank Quintile
Net Income Ratio 1.14% -0.82% 5.54% 51.05% 4

Capital Gain Distribution Analysis

PRMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

PRMAX - Managers

Jason R. Vaillancourt

Manager

Start Date

Nov 30, 2012

Tenure

5.58

Tenure Rank

7.3%

Mr. Vaillancourt is a Co-Head of Global Asset Allocation (GAA). In partnership with the other GAA Co- Heads, he directs the overall strategy and positioning of Putnam’s GAA products. He is accountable for the research that drives the top-down views of GAA portfolios, including asset class, region, and sector decisions. His work also contributes to Putnam’s Capital Markets Outlook. In addition, Mr. Vaillancourt is a portfolio manager of GAA, multi-asset absolute return, and total return strategies. He joined Putnam in 2000 and has been in the investment industry since 1993. Prior to joining Putnam, Mr. Vaillancourt was a Research Associate in Taxable Fixed Income at Fidelity Investments from 1996 to 1998, and an Assistant Portfolio Manager at Independence Investment Associates from 1993 to 1996. He earned an M.B.A. from the University of Chicago and a B.S. from Northeastern University.


James A. Fetch

Manager

Start Date

Nov 30, 2012

Tenure

5.58

Tenure Rank

7.3%

Mr. Fetch is a Co-Head of Global Asset Allocation. In partnership with other GAA Co-Heads, he directs the overall strategy and positioning of Putnam's GAA products. He is accountable for GAA portfolio construction and risk management strategies. His work also contributes to Putnam's Capital Markets Outlook. Since 2008, Mr. Fetch has served as a portfolio manager. He is responsible for managing Putnam's GAA, multi-asset absolute return, and total return strategies. Mr. Fetch been in the investment industry since he originally joined Putnam in 1994. After leaving to complete his M.B.A, he rejoined the firm in 2000. He earned an M.B.A. from the University of Chicago and a B.A. from the University of Notre Dame.


Robert J. Schoen

Manager

Start Date

Nov 01, 2004

Tenure

13.67

Tenure Rank

0.4%

Robert Schoen is Co-Head of the Global Asset Allocation (GAA) group at Putnam Investments. In partnership with other GAA co-heads, he is responsible for the overall strategy and positioning of Putnam's GAA products. Robert’s career in the investment industry began in 1990. He joined Putnam in 1997. Prior to joining Putnam (from 1992 to 1997), Robert was a self-employed Financial Consultant. He was Head of Research at an asset management company from 1990 to 1992. Robert has a BA from Tufts University and an MBA from New York University, Stern School of Business.


Tenure Analysis

Category Low

0.0

Category High

15.8

Category Average

6.23

Category Mode

3.5