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Morningstar

Putnam Sustainable Retirement Mat B PRMLX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 14.55  /  0.14 %
  • Total Assets 196.2 Mil
  • Adj. Expense Ratio
    1.600%
  • Expense Ratio 1.600%
  • Distribution Fee Level High
  • Share Class Type —
  • Category Target-Date Retirement
  • Investment Style Mid Growth
  • Credit Quality / Interest Rate Sensitivity —
  • Status Closed
  • TTM Yield 7.18%
  • Turnover 24%

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:19 PM GMT+0

Morningstar’s Analysis PRMLX

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

People Pillar

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

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Putnam Sustainable Retirement Mat B to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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.

by Morningstar Manager Research
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Portfolio Holdings PRMLX

More PRMLX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 0
  • Other Holdings 7
  • % Assets in Top 10 Holdings 99.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Putnam ESG Core Bond ETF

51.06
103,168,568
—

Putnam ESG High Yield ETF

16.97
34,297,810
—

PUTNAM SUSTAINABLE LEADERS ETF SEDOL BLB0YF8

14.52
29,338,591
—

Putnam Sustainable Future ETF

7.25
14,639,981
—

Putnam ESG Ultra Short ETF

5.68
11,476,842
—

PUTNAM PANAGORA ESG INT EQ ETF SEDOL BP48DQ1

4.16
8,410,516
—

Net Cash

0.36
718,012
Cash and Equivalents