Putnam RetirementReady 2040 Fund

Scorecard
2 / 5 Stars
Lipper
4 4 2 2 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
TheStreet.com
C (Hold)

#13 in Target Date 2036-2040

U.S. News evaluated 52 Target Date 2036-2040 Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all Putnam funds

See full Target Date 2036-2040 rankings

See more fund rankings

Performance

The fund has returned 19.85 percent over the past year, 10.33 percent over the past three years, and 19.81 percent over the past five years.

Trailing Returns Updated 02.28.2014
Year to date 1.5%
1 Year 19.8%
3 Years (Annualized) 10.3%
5 Years (Annualized) 19.8%
10 Years (Annualized) N/A

See more PRRZX performance

Summary

The investment 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 fund's 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 2040. 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.

Fees

Fees are Average compared to funds in the same category.
Putnam RetirementReady 2040 Fund has an expense ratio of 0.25 percent.

See more PRRZX fees

Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

See more PRRZX risk