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Morningstar

Putnam RetirementReady Maturity C PRMCX

Morningstar Analyst Rating
Quantitative rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 14.86  /  0.40 %
  • Total Assets 225.0 Mil
  • Adj. Expense Ratio
    1.130%
  • Expense Ratio 1.630%
  • Distribution Fee Level High
  • Share Class Type Level Load
  • Category Target-Date Retirement
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 6.55%
  • Turnover 24%

USD | NAV as of Feb 04, 2023 | 1-Day Return as of Feb 04, 2023, 12:11 AM GMT+00:00

Morningstar’s Analysis PRMCX

Will PRMCX 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 PRMCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PRMCX 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 PRMCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Putnam RetirementReady Maturity C to a Morningstar Quantitative 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 most expensive quintile among peers.

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