- ISIN
- US7468593881
- Issuer
- Putnam
- Inception Date
- Oct 31, 2004
- Category
- Target Retirement Date
- Min. Investment
- $500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
PRMYX Performance Chart
Putnam RetirementReady Maturity Fund (PRMYX) is up 2.7% since the beginning of the year. PRMYX is currently trading at $17 per share. Investors who bought $1,000 worth of PRMYX shares 5 years ago would now be looking at an investment worth $1,231.
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Returns By Period
Putnam RetirementReady Maturity Fund (PRMYX) has returned 2.73% so far this year and 8.77% over the past 12 months. Over the last ten years, PRMYX has returned 3.40% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Putnam RetirementReady Maturity Fund
- 1D
- 0.35%
- 1M
- 0.73%
- YTD
- 2.73%
- 6M
- 2.60%
- 1Y
- 8.77%
- 3Y*
- 7.86%
- 5Y*
- 4.24%
- 10Y*
- 3.40%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PRMYX Monthly Returns History
Based on dividend-adjusted daily data since Aug 3, 2012, PRMYX's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2023 with a return of +5.9%, while the worst month was Mar 2020 at -4.7%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.
On a daily basis, PRMYX closed higher 49% of trading days. The best single day was Dec 27, 2013 with a return of +1.6%, while the worst single day was Mar 18, 2020 at -2.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.01% | 0.38% | -2.13% | 2.78% | 1.73% | -0.00% | 2.73% | ||||||
| 2025 | 1.47% | 0.12% | -1.72% | 0.47% | 1.62% | 2.14% | 0.17% | 1.05% | 1.38% | 0.91% | 0.66% | -0.13% | 8.38% |
| 2024 | 0.44% | 0.98% | 1.67% | -2.60% | 2.64% | 1.10% | 1.64% | 1.73% | 1.24% | -2.08% | 2.29% | -2.72% | 6.31% |
| 2023 | 1.66% | -1.83% | 2.42% | 0.51% | -0.40% | 1.44% | 0.79% | -0.50% | -2.91% | -1.37% | 5.91% | 4.02% | 9.82% |
| 2022 | -0.87% | -0.70% | 0.07% | -1.74% | 0.32% | -2.49% | 1.99% | -0.96% | -2.58% | 1.03% | 2.12% | -0.35% | -4.22% |
| 2021 | -0.64% | 0.28% | 0.27% | 0.86% | 0.51% | 0.45% | -0.18% | 0.57% | -1.59% | 0.01% | -0.11% | -0.39% | 0.02% |
Benchmark Metrics
Putnam RetirementReady Maturity Fund has an annualized alpha of 1.13%, beta of 0.16, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since August 03, 2012.
- This fund participated in 31.08% of S&P 500 Index downside but only 23.17% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.16 may look defensive, but with R2 of 0.46 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.46 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.13%
- Beta
- 0.16
- R²
- 0.46
- Upside Capture
- 23.17%
- Downside Capture
- 31.08%
Expense Ratio
PRMYX has an expense ratio of 0.13%, which is considered low.
Return for Risk
Risk / Return Rank
PRMYX ranks 50 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam RetirementReady Maturity Fund (PRMYX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRMYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.78 | -0.25 |
| Martin ratioReturn relative to average drawdown | 10.39 | 12.44 | -2.05 |
Dividends
Dividend History
Putnam RetirementReady Maturity Fund provided a 3.65% dividend yield over the last twelve months, with an annual payout of $0.64 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.64 | $0.57 | $0.52 | $0.58 | $1.13 | $0.42 | $0.38 | $0.52 | $0.29 | $0.10 | $0.26 | $0.66 |
Dividend yield | 3.65% | 3.30% | 3.15% | 3.62% | 7.46% | 2.47% | 2.17% | 2.97% | 1.73% | 0.55% | 1.53% | 3.90% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam RetirementReady Maturity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.04 | $0.05 | $0.06 | $0.06 | $0.00 | $0.24 | ||||||
| 2025 | $0.04 | $0.00 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.11 | $0.57 |
| 2024 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.52 |
| 2023 | $0.03 | $0.00 | $0.07 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.14 | $0.58 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.85 | $1.13 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.21 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam RetirementReady Maturity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam RetirementReady Maturity Fund was 9.74%, occurring on Mar 23, 2020. Recovery took 194 trading sessions.
The current Putnam RetirementReady Maturity Fund drawdown is 0.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -9.74%Mar 2020 | 28d | 9mo 10d | 10mo 8dFeb 2020 - Dec 2020 |
Bear market2022 | -9.24%Sep 2022 | 1y 23d | 1y 2mo | 2y 3moSep 2021 - Dec 2023 |
Rate-hike selloffLate 2018 | -7.69%Dec 2018 | 1y 8d | 6mo 9d | 1y 6moDec 2017 - Jul 2019 |
2025 selloff2025 | -7.35%Apr 2025 | 4mo | 2mo 19d | 6mo 19dDec 2024 - Jun 2025 |
2016 pullback2016 | -5.19%Feb 2016 | 8mo 19d | 6mo 24d | 1y 3moMay 2015 - Sep 2016 |
Drawdown Indicators
| PRMYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.74% | -56.78% | +47.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.50% | -9.10% | +5.60% |
Max Drawdown (3Y)Largest decline over 3 years | -7.35% | -18.90% | +11.55% |
Max Drawdown (5Y)Largest decline over 5 years | -9.24% | -25.43% | +16.19% |
Max Drawdown (10Y)Largest decline over 10 years | -9.74% | -33.92% | +24.18% |
Current DrawdownCurrent decline from peak | -0.11% | -1.80% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -10.71% | +9.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 2.03% | -1.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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