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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.
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Returns By Period
Putnam RetirementReady Maturity Fund (PRMYX) has returned -2.70% so far this year and 5.62% over the past 12 months. Over the last ten years, PRMYX has returned 2.94% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Putnam RetirementReady Maturity Fund
- 1D
- 0.12%
- 1M
- -3.08%
- YTD
- -2.70%
- 6M
- -1.29%
- 1Y
- 5.62%
- 3Y*
- 6.40%
- 5Y*
- 3.38%
- 10Y*
- 2.94%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Aug 3, 2012, PRMYX's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, your investment would double in approximately 23.1 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% | -3.08% | -2.70% | |||||||||
| 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 1.00%, beta of 0.16, and R² of 0.45 versus S&P 500 Index. Calculated based on daily prices since August 06, 2012.
- This fund participated in 31.48% of S&P 500 Index downside but only 23.29% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.16 may look defensive, but with R² of 0.45 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 0.45 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
- 1.00%
- Beta
- 0.16
- R²
- 0.45
- Upside Capture
- 23.29%
- Downside Capture
- 31.48%
Expense Ratio
PRMYX has an expense ratio of 0.13%, which is considered low.
Return for Risk
Risk / Return Rank
PRMYX ranks 51 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 a chosen benchmark (S&P 500 Index).
| PRMYX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.90 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.39 | +0.11 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.40 | -0.19 |
Martin ratioReturn relative to average drawdown | 5.35 | 6.61 | -1.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore PRMYX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Putnam RetirementReady Maturity Fund provided a 3.37% dividend yield over the last twelve months, with an annual payout of $0.56 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.57 | $0.52 | $0.58 | $1.13 | $0.42 | $0.38 | $0.52 | $0.29 | $0.10 | $0.26 | $0.66 |
Dividend yield | 3.37% | 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 | $0.00 | $0.08 | |||||||||
| 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 3.38%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.74% | Feb 24, 2020 | 21 | Mar 23, 2020 | 194 | Dec 28, 2020 | 215 |
| -9.24% | Sep 3, 2021 | 267 | Sep 26, 2022 | 305 | Dec 12, 2023 | 572 |
| -7.69% | Dec 18, 2017 | 257 | Dec 26, 2018 | 130 | Jul 3, 2019 | 387 |
| -7.35% | Dec 9, 2024 | 82 | Apr 8, 2025 | 54 | Jun 26, 2025 | 136 |
| -5.19% | May 28, 2015 | 180 | Feb 11, 2016 | 142 | Sep 2, 2016 | 322 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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