Putnam RetirementReady 2050 Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 22.47 0.2 22.26
Stocks 53.1 0.0 53.1
Bonds 6.95 0.0 6.95
Other 1.06 0.55 0.51
Foreign Bonds 1.17 0.01 1.16
Foreign Stocks 15.95 0.0 15.95
Convertible 0.0 0.0 0.0
Preferred 0.07 0.0 0.07

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

% Net Assets
Putnam Dynamic Asset Allocation Equity Y 61.8
Putnam Dynamic Asset Allocation Gr Y 21.95
Putnam Absolute Return 700 Y 7.07
Putnam Absolute Return 500 Y 2.07
Putnam Absolute Return 100 Y 0.85

Bond Ratings (%)

Updated 12.31.2013

Sector
AAA 23.62
AA 1.67
A 13.76
BBB 8.31
BB 7.02
B 7.56
Below B 3.16
Other 34.91