1 / 5 Stars
1 2 5 2 3
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
U.S. News evaluated 62 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 4.77 percent over the past year, 4.02 percent over the past three years, and 7.30 percent over the past five years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||4.2%|
|3 Years (Annualized)||4.0%|
|5 Years (Annualized)||7.3%|
|10 Years (Annualized)||N/A|
The investment seeks as high a rate of current income as Putnam Management believes is consistent with preservation of capital. 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 a majority of its assets in other Putnam mutual funds, referred to as underlying funds. The fund typically invests 75% of assets in fixed income securities and 25% of assets in equity.
Fees are Average compared to funds in the same category.
Putnam Retirement Income Lifestyle 1 Fund has an expense ratio of 0.25 percent.
Risk is Average compared to funds in the same category according to Morningstar.