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Putnam Target Date Funds - Putnam Sustainable Ret Maturity Fd USD Cls C

mutual fund
PRMCX
Payout Change
Pending
Price as of:
$14.45 -0.02 -0.14%
primary theme
Target Date
share class
C (PRMCX) Primary
PRMCX (Mutual Fund)

Putnam Target Date Funds - Putnam Sustainable Ret Maturity Fd USD Cls C

Payout Change
Pending
Price as of:
$14.45 -0.02 -0.14%
primary theme
Target Date
share class
C (PRMCX) Primary
PRMCX (Mutual Fund)

Putnam Target Date Funds - Putnam Sustainable Ret Maturity Fd USD Cls C

Payout Change
Pending
Price as of:
$14.45 -0.02 -0.14%
primary theme
Target Date
share class
C (PRMCX) Primary

Name

As of 09/29/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Putnam Target Date Funds - Putnam Sustainable Ret Maturity Fd USD Cls C

PRMCX | Fund

$14.45

$260 M

2.40%

$0.35

1.46%

Vitals

YTD Return

0.1%

1 yr return

2.7%

3 Yr Avg Return

-0.4%

5 Yr Avg Return

0.2%

Net Assets

$260 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$14.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.46%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 65.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$500

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 09/29/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Putnam Target Date Funds - Putnam Sustainable Ret Maturity Fd USD Cls C

PRMCX | Fund

$14.45

$260 M

2.40%

$0.35

1.46%

PRMCX - Profile

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return -0.4%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.28%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam Target Date Funds - Putnam Sustainable Ret Maturity Fd USD Cls C
  • Fund Family Name
    Putnam
  • Inception Date
    Jun 16, 2011
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Schoen

Fund Description

PRMCX - Performance

Return Ranking - Trailing

Period PRMCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -1.8% 5.2% 93.17%
1 Yr 2.7% -27.1% 2.3% 92.68%
3 Yr -0.4%* -12.5% 3.5% 74.09%
5 Yr 0.2%* -6.9% 0.9% 97.30%
10 Yr 1.3%* -3.0% 1.7% 98.65%

* Annualized

Return Ranking - Calendar

Period PRMCX Return Category Return Low Category Return High Rank in Category (%)
2022 -11.0% -38.3% -1.8% 16.83%
2021 -2.5% -9.1% 10.3% 70.87%
2020 -1.0% -1.0% 12.6% 97.83%
2019 5.3% -1.1% 13.9% 89.33%
2018 -7.0% -13.1% -0.4% 54.14%

Total Return Ranking - Trailing

Period PRMCX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.1% -0.4% 8.1% 93.17%
1 Yr 2.7% -5.7% 9.8% 92.68%
3 Yr -0.4%* -7.0% 3.5% 74.09%
5 Yr 0.2%* -0.1% 4.0% 97.30%
10 Yr 1.3%* 1.2% 4.9% 98.65%

* Annualized

Total Return Ranking - Calendar

Period PRMCX Return Category Return Low Category Return High Rank in Category (%)
2022 -5.1% -16.9% -0.7% 14.90%
2021 1.4% -3.8% 13.0% 81.07%
2020 0.9% 0.3% 16.6% 98.37%
2019 8.7% 4.6% 25.2% 95.33%
2018 -4.9% -5.2% 1.6% 95.49%

NAV & Total Return History

PRMCX - Holdings

Concentration Analysis

PRMCX Category Low Category High PRMCX % Rank
Net Assets 260 M 2.08 M 7.96 B 44.50%
Number of Holdings 5 2 1465 93.30%
Net Assets in Top 10 260 M 118 K 21.9 B 37.32%
Weighting of Top 10 N/A 5.2% 100.0% 19.38%

Top 10 Holdings

  1. Putnam Dynamic Asset Allocation Cnsrv P 32.87%
  2. Putnam Multi-Asset Absolute Return P 30.89%
  3. Putnam Fixed Income Absolute Return P 30.22%
  4. Putnam Government Money Market G 6.06%

Asset Allocation

Weighting Return Low Return High PRMCX % Rank
Bonds 		54.48% 0.62% 129.11% 33.01%
Cash 		25.70% -35.64% 53.61% 5.26%
Stocks 		17.96% 0.00% 48.31% 67.46%
Other 		1.13% -0.49% 58.50% 13.88%
Convertible Bonds 		0.69% 0.00% 7.12% 56.94%
Preferred Stocks 		0.04% 0.00% 31.07% 4.31%

Stock Sector Breakdown

Weighting Return Low Return High PRMCX % Rank
Technology 		20.85% 15.47% 25.61% 14.55%
Financial Services 		14.00% 11.53% 20.26% 78.18%
Healthcare 		10.74% 6.38% 14.87% 78.79%
Consumer Cyclical 		10.37% 4.61% 13.00% 68.48%
Industrials 		7.75% 7.75% 12.84% 100.00%
Energy 		7.61% 2.88% 13.48% 6.67%
Consumer Defense 		6.84% 4.27% 8.57% 33.94%
Communication Services 		6.82% 4.20% 8.42% 54.55%
Basic Materials 		6.41% 2.71% 8.17% 20.61%
Real Estate 		4.58% 1.86% 19.30% 61.21%
Utilities 		4.03% 1.85% 8.79% 7.27%

Stock Geographic Breakdown

Weighting Return Low Return High PRMCX % Rank
US 		12.03% 0.00% 33.21% 67.46%
Non US 		5.93% 0.00% 20.52% 15.31%

Bond Sector Breakdown

Weighting Return Low Return High PRMCX % Rank
Securitized 		36.56% 0.00% 92.95% 3.83%
Cash & Equivalents 		29.99% 0.00% 99.07% 8.61%
Government 		19.73% 0.00% 99.79% 75.12%
Corporate 		13.62% 0.00% 99.84% 77.99%
Derivative 		0.10% 0.00% 13.23% 11.48%
Municipal 		0.00% 0.00% 99.98% 97.13%

Bond Geographic Breakdown

Weighting Return Low Return High PRMCX % Rank
US 		48.68% 0.00% 129.11% 33.01%
Non US 		5.80% 0.00% 18.63% 3.83%

PRMCX - Expenses

Operational Fees

PRMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.46% 0.02% 28.84% 12.50%
Management Fee 0.46% 0.00% 0.77% 93.16%
12b-1 Fee 1.00% 0.00% 1.00% 98.63%
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

PRMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 92.86%

Trading Fees

PRMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PRMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 65.00% 0.00% 121.26% 91.53%

PRMCX - Distributions

Dividend Yield Analysis

PRMCX Category Low Category High PRMCX % Rank
Dividend Yield 2.40% 0.00% 5.13% 48.80%

Dividend Distribution Analysis

PRMCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

PRMCX Category Low Category High PRMCX % Rank
Net Income Ratio 0.28% -0.06% 6.83% 99.48%

Capital Gain Distribution Analysis

PRMCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Distributions History

View More +

PRMCX - Fund Manager Analysis

Managers

Robert Schoen

Start Date

Tenure

Tenure Rank

Nov 01, 2004

17.59

17.6%

Robert Schoen is Co-Head of the Global Asset Allocation (GAA) group at Putnam Investments. In partnership with other GAA co-heads, he is responsible for the overall strategy and positioning of Putnam's GAA products. Robert’s career in the investment industry began in 1990. He joined Putnam in 1997. Prior to joining Putnam (from 1992 to 1997), Robert was a self-employed Financial Consultant. He was Head of Research at an asset management company from 1990 to 1992. Robert has a BA from Tufts University and an MBA from New York University, Stern School of Business.

James Fetch

Start Date

Tenure

Tenure Rank

Nov 30, 2012

9.5

9.5%

Mr. Fetch is a Co-Head of Global Asset Allocation (GAA). In partnership with the other GAA Co-Heads, he directs the overall strategy and positioning of Putnam’s GAA products. He is responsible for portfolio construction and risk management of GAA portfolios. His work also contributes to Putnam’s Capital Markets Outlook. Mr. Fetch is a portfolio manager of Putnam Dynamic Asset Allocation Funds (Balanced, Conservative, and Growth); Putnam Dynamic Risk Allocation Fund; Putnam Multi-Asset Absolute Return Fund; Putnam Multi-Asset Model Portfolios; Putnam Retirement Advantage Funds; Putnam RetirementReady Funds; Putnam Total Return Fund; and Putnam 529 for America. Mr. Fetch has been in the investment industry since he joined Putnam in 1994. After leaving in 1998 to complete his M.B.A., he rejoined the firm in 2000.

Brett Goldstein

Start Date

Tenure

Tenure Rank

Mar 31, 2019

3.17

3.2%

Co-Chief Investment Officer, Global Asset Allocation. Previously, Portfolio Manager and Analyst.

Adrian Chan

Start Date

Tenure

Tenure Rank

Nov 30, 2021

0.5

0.5%

Mr. Chan is a Portfolio Manager in the Global Asset Allocation group. He joined Putnam in 2003 and first served in the investment industry from 2003 to 2006. After leaving to complete his M.B.A., Mr. Chan rejoined the industry full-time in 2008. Previously at Putnam, Mr. Chan served as an Investment Associate from 2003 to 2006, a Summer Intern in 2007, and an Analyst from 2008 to 2015. Mr. Chan earned an M.B.A. from The Wharton School at the University of Pennsylvania and an A.B. from Harvard University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.59 6.44 3.75

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