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Morningstar

Putnam Sustainable Retirement Mat A PRMAX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 15.26  /  0.13 %
  • Total Assets 208.1 Mil
  • Adj. Expense Ratio
    0.380%
  • Expense Ratio 0.850%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Target-Date Retirement
  • Investment Style Large Growth
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 7.23%
  • Turnover 24%

USD | NAV as of Jun 02, 2023 | 1-Day Return as of Jun 02, 2023, 10:16 PM GMT+0

Morningstar’s Analysis PRMAX

Will PRMAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRMAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PRMAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of PRMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Putnam Sustainable Retirement Mat A to a Morningstar Medalist Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PRMAX

More PRMAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 0
  • Other Holdings 7
  • % Assets in Top 10 Holdings 99.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Putnam ESG Core Bond ETF

51.48
109,164,197
—

Putnam ESG High Yield ETF

16.94
35,922,414
—

Putnam Sustainable Leaders Etf Sedol Blb0yf8

14.38
30,480,139
—

Putnam Sustainable Future Etf Sedol Blb0yk3

6.97
14,773,829
—

Putnam ESG Ultra Short ETF

5.65
11,979,477
—

Putnam PanAgora ESG Intl Eq ETF

4.30
9,119,344
—

Net Cash

0.28
595,565
Cash and Equivalents