Putnam RetirementReady 2035 Fund (PRRYX)
The investment seeks capital appreciation and current income consistent with a decreasing emphasis on capital appreciation and an increasing emphasis on current income as it approaches its target date. The fund's asset allocation strategy may be attractive to investors who plan to retire or otherwise intend to begin making periodic withdrawals of their investments in or about 2035. 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
US7468594533
Oct 31, 2004
$500
Large-Cap
Growth
Expense Ratio
PRRYX has an expense ratio of 0.09%, 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 2035 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 2035 Fund had a return of 3.45% year-to-date (YTD) and 12.47% in the last 12 months. Over the past 10 years, Putnam RetirementReady 2035 Fund had an annualized return of 4.32%, while the S&P 500 had an annualized return of 11.31%, indicating that Putnam RetirementReady 2035 Fund did not perform as well as the benchmark.
PRRYX
3.45%
1.84%
2.97%
12.47%
4.92%
4.32%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PRRYX, 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 | 2.71% | 3.45% | |||||||||||
| 2024 | 1.51% | 3.39% | 2.36% | -3.49% | 4.03% | 1.51% | 1.17% | 1.88% | 1.54% | -2.33% | 3.63% | -3.42% | 12.00% |
| 2023 | 3.67% | -2.11% | 2.41% | 0.63% | 0.13% | 2.96% | 1.38% | -0.88% | -3.67% | -1.59% | 7.62% | 4.46% | 15.47% |
| 2022 | -2.70% | -1.50% | 0.89% | -4.37% | 0.46% | -5.08% | 4.31% | -1.97% | -4.84% | 3.27% | 3.60% | -7.23% | -14.84% |
| 2021 | -0.50% | 1.29% | 1.52% | 2.47% | 1.05% | 1.31% | 0.50% | 1.52% | -2.92% | 2.11% | -0.75% | -2.66% | 4.85% |
| 2020 | -0.04% | -4.48% | -8.39% | 5.77% | 2.91% | 1.63% | 3.65% | 2.23% | -1.70% | -1.73% | 6.02% | 2.81% | 7.97% |
| 2019 | 6.10% | 1.76% | 0.75% | 1.99% | -3.55% | 4.24% | 0.65% | -0.94% | 0.99% | 0.53% | 1.01% | -0.98% | 12.92% |
| 2018 | 2.69% | -3.25% | -1.01% | 0.95% | 1.01% | -0.61% | 1.95% | 0.78% | 0.42% | -5.31% | -0.26% | -9.89% | -12.48% |
| 2017 | 1.53% | 2.27% | 0.43% | 1.20% | 1.00% | 0.42% | 1.81% | 0.78% | 1.43% | 1.52% | 1.93% | 0.71% | 16.09% |
| 2016 | -4.23% | -0.89% | 4.50% | 0.60% | 1.11% | -0.25% | 3.18% | 0.08% | 0.45% | -1.39% | 1.95% | 1.56% | 6.60% |
| 2015 | 3.18% | 3.75% | -0.40% | 0.48% | 0.96% | -1.71% | 1.13% | -4.68% | -2.48% | 5.47% | 0.04% | -2.16% | 3.19% |
| 2014 | -1.13% | 3.60% | 0.52% | 0.09% | 1.75% | 1.59% | -1.61% | 2.89% | -1.75% | 1.66% | 1.84% | -3.61% | 5.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PRRYX is 75, indicating average performance compared to other mutual funds on our website. Here’s 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 2035 Fund (PRRYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Putnam RetirementReady 2035 Fund provided a 1.93% dividend yield over the last twelve months, with an annual payout of $0.57 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.57 | $0.57 | $0.55 | $1.18 | $1.39 | $0.30 | $0.30 | $0.83 | $0.90 | $0.18 | $1.40 | $0.20 |
Dividend yield | 1.93% | 1.99% | 2.13% | 5.17% | 4.93% | 1.06% | 1.15% | 3.50% | 3.21% | 0.74% | 5.96% | 0.84% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam RetirementReady 2035 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 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.18 | $1.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.39 | $1.39 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.83 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 | $0.90 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2015 | $0.81 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.59 | $1.40 |
| 2014 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 |
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 2035 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 2035 Fund was 50.28%, occurring on Mar 9, 2009. Recovery took 523 trading sessions.
The current Putnam RetirementReady 2035 Fund drawdown is 0.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -50.28% | Dec 27, 2007 | 300 | Mar 9, 2009 | 523 | Apr 4, 2011 | 823 |
| -24.82% | Jul 16, 2007 | 114 | Dec 24, 2007 | 1 | Dec 26, 2007 | 115 |
| -22.78% | Jan 29, 2018 | 541 | Mar 23, 2020 | 174 | Nov 27, 2020 | 715 |
| -19.6% | May 2, 2011 | 108 | Oct 3, 2011 | 233 | Sep 6, 2012 | 341 |
| -19.06% | Dec 28, 2021 | 258 | Jan 5, 2023 | 303 | Mar 21, 2024 | 561 |
Volatility
Volatility Chart
The current Putnam RetirementReady 2035 Fund volatility is 2.15%, 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.