Mutual Fund Insights: Putnam Retirement Ready Maturity A Fund (PRMAX)

In-depth Analysis of Putnam Retirement Ready Maturity A Fund (PRMAX)

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See Putnam Retirement Ready Maturity A Fund (PRMAX) performance details as of January 31, 2010

  

Last Trade: $15.91 on 3/17/2010, Change: +0.01 (0.06%)

  

Fund Manager - Jeffrey L. Knight

Fund Manager Tenure: 5.4 years   [Similar Funds: PRMYX ]
Fundmojo Fund Grade: D (Score: 0.43)     (What does this score mean?)

Knight is a managing director, deputy head of investments, and CIO of Putnam?s Global Asset Allocation team. Knight oversees the team?s institutional and individual portfolios and asset allocation investment process for the multi-asset-class portfolios.  Get more insights on Jeffrey L. Knight

  

 What we like about Putnam Retirement Ready Maturity A Fund (PRMAX)

Data for Putnam Retirement Ready Maturity A Fund (PRMAX) as of January 31, 2010

• Putnam Retirement Ready Maturity A Fund (PRMAX) management has been with Putnam Retirement Ready Maturity A Fund for 5.4 years
• Putnam Retirement Ready Maturity A Fund (PRMAX) has good short-term performance (1-year return 30.16% vs 21.65% Retirement Income category average)
• Putnam Retirement Ready Maturity A Fund (PRMAX) ratio of up-years vs down years is greater than 2

  

 What we are cautious about Putnam Retirement Ready Maturity A Fund (PRMAX)

Data for Putnam Retirement Ready Maturity A Fund (PRMAX) as of January 31, 2010

• Putnam Retirement Ready Maturity A Fund (PRMAX) has a less-than-ideal mid-term performance (3-year return -0.26% vs 0.35% Retirement Income category average)
• Putnam Retirement Ready Maturity A Fund (PRMAX) has a less-than-ideal Long-term performance (5-year return 1.89% vs 2.55% Retirement Income category average)
• Putnam Retirement Ready Maturity A Fund (PRMAX) has a Morningstar rating of 3 and below
• Putnam Retirement Ready Maturity A Fund (PRMAX) is less safe compared to its Retirement Income peers
• Putnam Retirement Ready Maturity A Fund (PRMAX) has an annual stock turnover rate of 137.01% that is higher than the Retirement Income average of 43.70%. This could mean Putnam Retirement Ready Maturity A is more nimble, but also signal potential high tax impact and high trading fees
• Putnam Retirement Ready Maturity A Fund (PRMAX) does not have a good risk adjusted return as its 3-year Alpha of -0.87 is worse than category average of -0.66, and its 3-year Sharpe ratio is -0.11
• Putnam Retirement Ready Maturity A Fund (PRMAX) is more volatile than its peers as it has a 3-year Standard Deviation of 12.59 that is higher than category average of 9.85
• Putnam Retirement Ready Maturity A Fund (PRMAX) has a higher management fee of 1.23% than its Retirement Income average of 0.64%
• Putnam Retirement Ready Maturity A Fund (PRMAX) carries a 5.75% load

See Putnam Retirement Ready Maturity A Fund (PRMAX) performance details as of January 31, 2010

  

  

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Putnam Retirement Ready Maturity A Fund (PRMAX) Net Asset

Track net asset change of Putnam Retirement Ready Maturity A fund (PRMAX)

Date	Net Asset
01/2010	$11.63M
11/2009	$11.37M
10/2009	$11.12M

More historic net asset information on Putnam Retirement Ready Maturity A Fund (PRMAX)

  

Putnam Retirement Ready Maturity A Fund (PRMAX) Portfolio Allocation

Track portfolio allocation change of Putnam Retirement Ready Maturity A fund (PRMAX)

Date	Cash	Stock	Bond	Other
09/2009	25.33%	11.65%	60.47%	2.55%
06/2009	17.13%	18.74%	57.79%	6.33%
03/2009	21.18%	22.54%	52.04%	4.23%

Click here to see more historic asset allocation information on Putnam Retirement Ready Maturity A Fund (PRMAX)

  

Most Recent Top 10 Holdings in Putnam Retirement Ready Maturity A Fund (PRMAX)

Discover what Putnam Retirement Ready Maturity A Fund (PRMAX) manager is buying

30-Sep-09 Putnam Asset Allocation: Conservative Y [34.45%] Putnam Absolute Return 500 Y [29.9%] Putnam Absolute Return 300 Y [20.79%] Putnam Absolute Return 100 Y [8.86%] Putnam Money Market A [5.88%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%]

30-Jun-09 Putnam Income Strategies Y [82.32%] Putnam Asset Allocation: Conservative Y [7.13%] Putnam Money Market A [7%] Putnam Asset Allocation: Balanced Y [4.92%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%]

31-Mar-09 Putnam Income Strategies Y [79.52%] Putnam Asset Allocation: Conservative Y [7.42%] Putnam Asset Allocation: Balanced Y [4.77%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%] N/A [0%]

Click here for Stock Holding Change Map in Putnam Retirement Ready Maturity A Fund (PRMAX)

  

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See more information on Putnam Retirement Ready Maturity A Fund (PRMAX)

• Putnam Retirement Ready Maturity A Fund Insights
• Putnam Retirement Ready Maturity A Fund Performance Data
• Putnam Retirement Ready Maturity A Fund News
• Putnam Retirement Ready Maturity A Fund Score Explaination
• Putnam Retirement Ready Maturity A Fund Manager Information
• Historic Putnam Retirement Ready Maturity A Fund Asset Allocation Report
• Historic Putnam Retirement Ready Maturity A Fund Top 10 Holding Tracking
• Historic Putnam Retirement Ready Maturity A Fund Asset Under Management Tracking