Putnam Investments Wins Lipper Awards for Five Funds

Putnam Capital Spectrum Fund Honored for Fourth Consecutive Year

Putnam Investments Wins Lipper Awards for Five Funds

BOSTON, March 23, 2016Putnam Investments announced today that five of its mutual funds received 2016 Lipper Fund Awards in recognition of consistently strong risk-adjusted performance relative to their peers over periods of three or more years.

The Putnam funds honored at the Thomson Reuters Lipper Alpha Forum and Fund Awards ceremony held in New York City last night, and the performance periods for which they were recognized include:

  • Putnam Capital Spectrum Fund Y (PVSYX) — 5 years
  • Putnam Absolute Return 700 Fund Y (PDMYX) — 5 years
  • Putnam RetirementReady 2045 Fund Y (PRVYX) — 3 years
  • Putnam RetirementReady 2050 Fund Y (PRRUX) — 3 and 5 years
  • Putnam RetirementReady 2055 Fund Y (PRTLX) — 3 and 5 years

"Our talented investment teams have made winning for our clients a tradition at Putnam and we are honored to receive these 2016 Lipper Awards which recognize superior long-term investment performance," said Robert L. Reynolds, Putnam Investments President and Chief Executive Officer.

Putnam Capital Spectrum Fund Y (PVSYX), managed by David L. Glancy, was honored for its top risk-adjusted performance relative to 256 peers in the Lipper Flexible Portfolio Funds category for the five-year period ended November 30, 2015. The fund invests in the total return opportunities of leveraged companies, targeting the investment potential of companies that use a significant amount of debt in their capital structure to achieve their business goals. This is the fourth consecutive year that Putnam Capital Spectrum Fund has received a prestigious Lipper Award.

Putnam Absolute Return 700 Fund Y (PDMYX) was honored for its top risk-adjusted performance relative to 78 peers in the Lipper Absolute Return Funds category for the five-year period ended November 30, 2015. The fund, which invests dynamically in bonds, stocks and/or alternative asset classes worldwide, seeks an annualized total return of seven percent above inflation as measured by U.S. Treasury bills over a period of three years or more. James A. Fetch; Robert J. Kea, CFA; Robert J. Schoen; and Jason R. Vaillancourt, CFA manage Putnam Absolute Return 700 Fund.

Putnam RetirementReady 2045 Fund Y (PRVYX) was honored for its top risk-adjusted performance relative to 130 peers in the Lipper Mixed-Asset Target 2045 Funds category for the three-year period ended November 30, 2015. Managed by James Fetch, Robert Kea, Robert Schoen and Jason Vaillancourt, the fund seeks to provide capital appreciation and current income consistent with a decreasing emphasis on capital appreciation and an increasing emphasis on current income as it approaches its 2045 target date.

Putnam RetirementReady 2050 Fund Y (PRRUX), managed by James Fetch, Robert Kea, Robert Schoen and Jason Vaillancourt, was honored for its top risk-adjusted performance in the Lipper Mixed-Asset Target 2050 Funds category for both the three- and five-year periods ended November 30, 2015, when measured against 146 peers and 113 peers, respectively. The fund seeks to provide capital appreciation and current income consistent with a decreasing emphasis on capital appreciation and an increasing emphasis on current income as it approaches its 2050 target date.

Putnam RetirementReady 2055 Fund Y (PRTLX), managed by James Fetch, Robert Kea, Robert Schoen and Jason Vaillancourt, was honored for its top risk-adjusted performance in the Lipper Mixed-Asset Target 2055+ Funds category for both the three- and five-year periods ended November 30, 2015, when measured against 95 peers and 36 peers, respectively. The fund seeks to provide capital appreciation and current income consistent with a decreasing emphasis on capital appreciation and an increasing emphasis on current income as it approaches its 2055 target date.

About the Lipper Fund Awards
For more than three decades, the Lipper Fund Awards program honors funds that have excelled in delivering consistently strong risk-adjusted performance, relative to peers. The Lipper Fund Awards take place in more than 20 countries in Asia, Europe, Middle East and North Africa region (MENA) and the Americas. The award winners are formally announced between January and April. Ceremonies take place in select countries.

Lipper Rankings (as of 2/29/16)

  1 year 3 years 5 years 10 years
Putnam Capital Spectrum Fund Y (PVSYX)  90%
(512 / 569)
 2%
(7 / 420)
 1%
(1 / 287)
 —
Putnam Absolute Return 700 Fund Y (PDMYX)  55%
(154 / 280)
 31%
(51 / 165)
 11%
(9 / 86)
 —
Putnam RetirementReady 2045 Fund Y (PRVYX)  32%
(55 / 174)
 4%
(5 / 131)
 6%
(5 / 91)
 54%
(7 / 12)
Putnam RetirementReady 2050 Fund Y (PRRUX)  41%
(79 / 192)
 3%
(3 / 144)
 5%
(5 / 115))
 14%
(2 / 14)
Putnam RetirementReady 2055 Fund Y (PRTLX)  52%
(107 / 206)
 3%
(3 / 102)
 14%
(6 / 43)
 —

Lipper rankings for class Y shares are based on total return without sales charge relative to all share classes of funds with similar objectives as determined by Lipper. Past performance is not indicative of future results.


Putnam Investments Media Contacts:

Jon Goldstein
Head of Corporate Communications
617-760-1127
[email protected]
Laura McNamara
Director of Corporate Communications
617-760-1108
[email protected]
Jennifer Stutto
Corporate Communications Associate
617-760-8582
[email protected]