Putnam RetirementReady Maturity Fund (PRMYX)
The fund employs an asset allocation strategy designed for investors who are already in retirement or who plan to retire (or otherwise begin withdrawing the invested funds) in the near future. It is designed to provide diversification among different asset classes by investing its assets in other Putnam mutual funds, referred to as underlying funds.
Fund Info
US7468593881
Oct 31, 2004
$500
Large-Cap
Growth
Expense Ratio
PRMYX has an expense ratio of 0.13%, which is considered low compared to other funds.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Putnam RetirementReady Maturity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Putnam RetirementReady Maturity Fund had a return of 2.08% year-to-date (YTD) and 8.56% in the last 12 months. Over the past 10 years, Putnam RetirementReady Maturity Fund had an annualized return of 2.74%, while the S&P 500 had an annualized return of 11.31%, indicating that Putnam RetirementReady Maturity Fund did not perform as well as the benchmark.
PRMYX
2.08%
1.28%
1.34%
8.56%
2.82%
2.74%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PRMYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.47% | 2.08% | |||||||||||
| 2024 | 0.44% | 0.98% | 1.67% | -2.60% | 2.64% | 1.10% | 1.64% | 1.73% | 1.24% | -2.08% | 2.29% | -2.20% | 6.88% |
| 2023 | 1.66% | -1.83% | 2.17% | 0.51% | -0.39% | 1.44% | 0.79% | -0.50% | -2.91% | -1.37% | 5.91% | 4.02% | 9.56% |
| 2022 | -0.87% | -0.70% | 0.07% | -1.73% | 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% | -1.58% | 0.01% | -0.11% | -0.18% | 0.22% |
| 2020 | 0.46% | -1.40% | -4.72% | 1.67% | 1.03% | 0.84% | 1.90% | -0.34% | -0.39% | -0.92% | 2.07% | 1.05% | 1.08% |
| 2019 | 3.07% | 0.59% | 0.93% | 0.69% | -0.35% | 1.90% | 0.74% | 0.74% | 0.11% | -0.40% | -0.06% | -0.49% | 7.66% |
| 2018 | 0.45% | -1.29% | -0.11% | 0.51% | 0.45% | -0.48% | 0.49% | 0.10% | 0.22% | -2.27% | -0.82% | -1.29% | -4.01% |
| 2017 | 0.98% | 0.97% | 0.21% | 0.73% | 0.45% | 0.17% | 0.73% | 0.56% | 0.39% | 0.67% | 0.77% | 0.21% | 7.05% |
| 2016 | -1.43% | -0.78% | 1.52% | 0.55% | 0.53% | 0.24% | 1.30% | 0.06% | 0.34% | -0.43% | 0.16% | 0.68% | 2.75% |
| 2015 | 0.62% | 0.90% | 0.00% | 0.00% | 0.45% | -0.95% | 0.96% | -1.42% | -0.75% | 1.67% | -0.01% | -1.16% | 0.25% |
| 2014 | -0.06% | 1.32% | 0.45% | 0.27% | 0.73% | 0.55% | -0.46% | 1.08% | -0.17% | 0.38% | 1.01% | 1.91% | 7.21% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 79, PRMYX is among the top 21% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Putnam RetirementReady Maturity Fund (PRMYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Putnam RetirementReady Maturity Fund provided a 3.63% dividend yield over the last twelve months, with an annual payout of $0.61 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.61 | $0.61 | $0.54 | $1.13 | $0.45 | $0.34 | $0.38 | $0.49 | $0.43 | $0.26 | $0.76 | $0.87 |
Dividend yield | 3.63% | 3.69% | 3.40% | 7.46% | 2.68% | 1.97% | 2.16% | 2.96% | 2.40% | 1.53% | 4.50% | 4.95% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.09 | $0.61 |
| 2023 | $0.03 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.14 | $0.54 |
| 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 | $0.24 | $0.45 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.08 | $0.34 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.38 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.05 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.26 | $0.49 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.34 | $0.43 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 | $0.26 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.55 | $0.76 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.67 | $0.87 |
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.
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 31.93%, occurring on Nov 20, 2008. Recovery took 279 trading sessions.
The current Putnam RetirementReady Maturity Fund drawdown is 0.76%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.93% | Nov 1, 2007 | 266 | Nov 20, 2008 | 279 | Dec 31, 2009 | 545 |
| -9.77% | Sep 5, 2019 | 138 | Mar 23, 2020 | 196 | Dec 30, 2020 | 334 |
| -9.05% | Sep 3, 2021 | 267 | Sep 26, 2022 | 305 | Dec 12, 2023 | 572 |
| -5.93% | Jan 29, 2018 | 229 | Dec 24, 2018 | 73 | Apr 10, 2019 | 302 |
| -5.88% | May 3, 2011 | 107 | Oct 3, 2011 | 87 | Feb 7, 2012 | 194 |
Volatility
Volatility Chart
The current Putnam RetirementReady Maturity Fund volatility is 1.32%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.