4 / 5 Stars
4 3 4 2 2
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 61 Retirement Income Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 12.90 percent over the past year, 7.37 percent over the past three years, and 10.89 percent over the past five years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||5.8%|
|3 Years (Annualized)||7.4%|
|5 Years (Annualized)||10.9%|
|10 Years (Annualized)||N/A|
The investment seeks current income consistent with what the manager believes to be prudent risk; its secondary objective is capital appreciation. 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 700 fund, which is a Putnam mutual fund the managers refer to as the underlying fund. It also invests in other fixed-income securities, such as mortgage-backed investments, and invests in money market securities or affiliated money market funds for cash management. The fund allocates 40% in equity and 60% in fixed income.
Fees are Above Average compared to funds in the same category.
Putnam Retirement Income Fund Lifestyle 3 has an expense ratio of 1.01 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.