Putnam Retirement Income Fund Lifestyle 2

U.S. News evaluated 60 Retirement Income Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 6.63 percent over the past year.

Trailing Returns Updated 02.28.2014
Year to date 1.3%
1 Year 6.6%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks current income consistent with what the adviser believes to be prudent risk. 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 100 Fund, Putnam Absolute Return 300 Fund, Putnam Absolute Return 500 Fund and Putnam Absolute Return 700 Fund. The strategic allocation for fixed income and equity investments is 70% and 30% of the fund's assets; the range of potential allocation for fixed income and equity investments is 60-100% and 0-40% of the fund's assets. It may also use to a significant extent derivatives.

Fees

Fees are Above Average compared to funds in the same category.
Putnam Retirement Income Fund Lifestyle 2 has an expense ratio of 0.70 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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