Overall Morningstar Rating
Rating Category: Target-Date 2025
The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.
Morningstar Style Box
Source: Morningstar®. The style box reveals a fund's investment style. For equity funds, the vertical axis shows the market capitalization of the long stocks owned, and the horizontal axis shows the investment style (value, blend, or growth). For fixed income funds, the vertical axis shows the credit quality based on credit ratings and the horizontal axis shows interest-rate sensitivity as measured by effective duration. Placement is determined by fund portfolio holding figures most recently entered into Morningstar's database and corresponding market conditions. Shaded areas show the past 3 years of quarterly data. Past performance does not guarantee future results.
Historical Morningstar Ratings
| Years | 3 |
| Ratings | |
| Number of Funds In Category | 159 |
| Years | 5 |
| Ratings | |
| Number of Funds In Category | 139 |
| Years | 10 |
| Ratings | |
| Number of Funds In Category |
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This fund merged into Putnam Retirement Advantage Maturity Fund on July 28, 2025, with the net asset value of shares determined on July 25, 2025. If you have any questions, please contact your financial professional.
Overview
Documents
Fund Literature
Factsheet - Putnam Retirement Advantage Funds (Class R6)
Regulatory Documents
Annual Report - Putnam Retirement Advantage 2025 Fund - Class A
Semi-Annual Report - Putnam Retirement Advantage 2025 Fund - Class A
Semi-Annual Financial Statements and Other Information - Putnam Retirement Advantage Funds
Fiscal Q1 Holdings - Putnam Retirement Advantage 2025 Fund
Fiscal Q3 Holdings - Putnam Retirement Advantage 2025 Fund
Fiscal Q3 Holdings - Putnam Retirement Advantage Funds
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.