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Morningstar

Putnam RetirementReady 2025 A PRROX

Morningstar Analyst Rating
Quantitative rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 18.71  /  0.48 %
  • Total Assets 208.5 Mil
  • Adj. Expense Ratio
    0.370%
  • Expense Ratio 0.900%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Target-Date 2025
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 6.49%
  • Turnover 57%

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

Morningstar’s Analysis PRROX

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

People Pillar

The People Pillar is our evaluation of the PRROX 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 PRROX’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 2025 A 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 second-highest quintile among peers.

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