Putnam Retirement Income Fund Lifestyle 2

Fund Fees

Updated 12.30.2013

Maximum Sales Fees %
Initial 4.0
Deferred

Updated 12.30.2013

Maximum Fees %
Administrative
Management 0.68
Redemption

Updated 12.30.2013

Actual Fees %
12b-1 0.25
Management 0.31
Net Expense Ratio: Annual Report 0.7
Net Expense Ratio: Prospectus 1.01

Updated 03.05.2014

Total Cost Projections
3-Year $874.00
5-Year $1,273.00
10-Year $2,388.00

Purchase Information

Updated 12.30.2013

Minimum Investments
Initial $0.00
Additional
Initial IRA
Additional IRA
Initial AIP
Additional AIP