An active allocation manager brings risk awareness

Be assured that navigating risks near, far, and in the future, is a consistent part of our process.

A choice of target-date suites

Collective Investment Trusts (CITs)

Eight of our 10 funds rank above Morningstar median for all periods (class I shares as of 12/31/19)

Mutual Funds

Our asset allocation funds offer a choice of risk levels and return objectives

Putnam Dynamic Asset Allocation Funds

Three funds with 4- or 5-star Overall Morningstar ratings (class Y shares as of 12/31/19)

How active managers have outperformed passive portfolios in the multi-asset category

The financial industry debate comparing performance of active and passive management should go beyond a focus on U.S. equity portfolios and also include multi-asset managers.

Read our white paper “Alpha Found” (PDF)

Funds managed by Putnam Global Asset Allocation

Overall Morningstar ratings as of 12/31/19, shown with the Morningstar category and the number of funds in each category.

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. Performance assumes reinvestment of distributions and does not account for taxes. Performance reflects the impact of a 0.50% management fee and other expenses. In certain cases, your plan’s management fee may be lower and your return higher. For the most recent month-end performance, please call your plan’s toll-free number.

Each Retirement Advantage Trust has a different target date indicating when the fund’s investors expect to retire and begin withdrawing assets from their account, typically at retirement. The dates range from 2020 to 2060 in five-year intervals, with the exception of the Maturity Trust, which is designed for investors at or near retirement. They are generally weighted more heavily toward more aggressive, higher-risk investments when the target date of the fund is far off, and more conservative, lower-risk investments when the target date of the fund is near. This means that both the risk of your investment and your potential return are reduced as the target date of the particular fund approaches, although there can be no assurance that any one fund will have less risk or more reward than any other fund. The principal value of the funds is not guaranteed at any time, including the target date.

The fund is a collective trust managed and distributed by Putnam Fiduciary Trust Company, LLC (”PFTC”), a non-depository New Hampshire trust company. However, it is not FDIC insured; is not a deposit or other obligation of, and is not guaranteed by, PFTC or any of its affiliates. The fund is not a mutual fund registered under the Investment Company Act of 1940, and its units are not registered under the Securities Act of 1933. The fund is only available for investment by eligible, qualified retirement plan trusts, as defined in the declaration of trust and participation agreement.

Inception date for all Retirement Advantage Trusts is 1/3/08, except for the 2055 Trust, which is 12/22/10 and the 2060 Trust, which is 2/10/16.

Funds were ranked within the appropriate Morningstar category, specifically: US SA Target-Date 2060+, US SA Target-Date 2055, US SA Target-Date 2050, US SA Target-Date 2045, US SA Target-Date 2040, US SA Target-Date 2035, US SA Target-Date 2030, US SA Target-Date 2025, US SA Target-Date 2020, US SA Target-Date Retirement.

Morningstar rankings for class I shares are based on total return without sales charge relative to all share classes of funds with similar objectives as determined by Morningstar. Morningstar rankings may differ significantly from Morningstar’s risk-adjusted star ratings. Past performance is not indicative of future results.