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Address And Details

One Post Office Square , Canton, MA 02109
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

Putnam RetirementReady 2025 Fund seeks capital appreciation and current income consistent with a decreasing emphasis on capital appreciation and an increasing emphasis on current income as it approaches its target date.The funds asset allocation strategy may be attractive to investors who plan to retire or otherwise intend to begin making periodic withdrawals of their investments in or about 2025 (the target date). The fund is designed to provide diversification among different asset classes by investing its assets in other Putnam mutual funds, referred to as underlying funds. The funds target allocations among asset classes and underlying funds will increasingly emphasize capital preservation and income over time and will change gradually based on the number of remaining years until the funds target date, as shown in the predetermined glide path in the chart under What are the funds and each underlying fund s main investment strategies and related risks? Putnam Investment Management, LLC (Putnam Management) adjusts these allocations at the end of each calendar quarter based on the glide path. The following table presents your funds approximate allocations to each asset class and underlying fund as of September 30, 2019 and its projected approximate allocations to those asset classes and underlying funds as of September 30, 2020. By comparing the percentage allocations of your fund in the table, you can see how its allocations are expected to change during the one-year period beginning on September 30, 2019. The table also shows the approximate allocations of other Putnam RetirementReady Funds, which are designed for investors with different target retirement dates. Over a five year period, each funds allocation will gradually change to resemble the allocation for the fund with the next earliest target date. The table illustrates how a funds allocations are expected to change over time to increasingly emphasize capital preservation and income.The funds target allocations may differ from the allocations shown in the table. We may change the glide path, the funds target allocations, and the underlying funds in which it invests at any time. We assume investors will begin gradual withdrawals from the fund at around the target date. Near the end of the target year, the funds target allocations will correspond to those of Putnam Retirement Income Fund Lifestyle 1 (Lifestyle 1), a fund that seeks as high a rate of current income as Putnam Management believes is consistent with preservation of capital, and the fund will be merged into Lifestyle 1. More information about Lifestyle 1 and the underlying funds is available in each of those funds prospectuses.

Net Asset Value

as of 6:21 PM ET 05/19/2022

Performance

  • 1 Week
  • -0.05%
  • 1 Month
  • -2.81%
  • 3 Months
  • -3.41%
  • 1 Yr Return
  • -9.55%
  • 5 Yr Return
  • -8.85%

Equity Sector Breakdown

Finance 94.00%
ConsumerDurables n/a
Energy n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Other 94.00%
Stocks 6.00%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 157.87 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -2.58 -2.17 -0.54
Beta 0.29 0.31 0.36
R Squared 0.86 0.84 0.81
Std Deviation 5.93 5.62 5.46
Sharpe Ratio 0.26 0.34 n/a

Purchase Information

as of 6:24 PM ET 05/18/2022
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 04/30/2022 Average Annual Current Performance Quarterly As Of 03/31/2022 Avg Annual Current Performance Monthly As Of 04/30/2022 Avg Annual Current Performance Quarterly As Of 03/31/2022
1 Year
  • -2.42%
  • +1.34%
-2.42% +1.34%
3 Year
  • +1.99%
  • +3.21%
+1.99% +3.21%
10 Year
  • +4.78%
  • +5.02%
+4.78% +5.02%
Life Of Fund
  • +4.54%
  • +4.71%
+4.54% +4.71%

Top 10 Holdings

Symbol Company Name % Of Assets
CASH TOTAL*MONEY MARKET 6.09%
PDMAX PUTNAM ABSOLUTE RET 700 FD 29.55%
PACDX PUTNAM ASSET ALLOC CONSERV PT 24.94%
PTRNX PUTNAM ABSOLUTE RET 300 FD 21.66%
PAADX PUTNAM ASSET ALLOC BALANCED P 17.86%
OTHER TOTAL*OTHER -0.09%

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