Putnam Retirement Income Fund Lifestyle 1
Data updated: 2026-09-25
C000222435 — Putnam Retirement Income Fund Lifestyle 1. Alternative · $623.98M AUM · 0.82% expense ratio. Holdings, fees, performance and SEC filings.
C000222435 Fund Overview
Putnam Retirement Income Fund Lifestyle 1 is a US mutual fund managed by Putnam Target Date Funds, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Putnam Target Date Funds
- Category: Alternative
- Assets under management: $623.98M
- 1-year return: 8.9%
- SEC CIK: 0001295293
- SEC series ID: S000003996
- Share class ID: C000222435
C000222435 Investment Objective and Strategy
Putnam Retirement Income Fund Lifestyle 1 describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Putnam Target Date Funds.
Investment objective
Putnam Retirement Income Fund Lifestyle 1 seeks as high a rate of current income as Putnam Investment Management, LLC believes is consistent with preservation of capital.
Principal investment strategy
Investments The fund employs an asset allocation strategy designed for investors who are already in retirement or who plan to retire (or otherwise begin withdrawing the invested funds) in the near future. The fund is designed to provide diversification among different asset classes by investing its assets in other Putnam mutual funds, referred to as underlying funds. The following table presents your funds approximate asset allocations as of November 30, 2018. Underlying Funds* Putnam Dynamic Asset Allocation Conservative Fund 34.0% Putnam Government Money Market Fund 6.0% Putnam Fixed Income Absolute Return Fund 30.0% Putnam Multi-Asset Absolute Return Fund 30.0% Equity** 10.2% Fixed Income** 29.8% Absolute Return** 60.0% * Because of rounding in the calculation of allocations among underlying funds and market fluctuations, actual allocations might be more or less than these percentages.
** Equity, fixed income and absolute return allocations are hypothetical estimates based on Putnam Dynamic Asset Allocation Conservative Funds strategic allocation to equity and fixed income investments as set forth in its prospectus; assumptions that Putnam Government Money Market Fund is equivalent to a fixed income investment; and assumptions that Putnam Multi-Asset Absolute Return Fund and Putnam Fixed Income Absolute Return Fund are equivalent to an absolute return investment. Putnam Multi-Asset Absolute Return Fund and Putnam Fixed Income Absolute Return Fund follow an absolute return strategy that seeks to earn a positive total return over a reasonable period of time, regardless of market conditions or general market direction. Actual allocations will vary. The funds target allocations may differ from this illustration.
We may change the funds target allocations and the underlying funds in which it invests at any time, although we do not expect to make changes frequently. We assume investors will make gradual withdrawals from the fund. More information about the underlying funds is available in each of those funds prospectuses.
C000222435 Holdings
Top 5 holdings of Putnam Retirement Income Fund Lifestyle 1 by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Putnam Multi-Asset Income Fund | 79.58% |
| Putnam Dynamic Asset Allocation Balanced Fund | 6.56% |
| Putnam Short Term Investment Fund | 6.13% |
| Franklin BSP Lending Fund | 4.03% |
| Clarion Partners Real Estate Income Fund, Inc. | 4.00% |
C000222435 Portfolio Allocation
Asset-class allocation of Putnam Retirement Income Fund Lifestyle 1 by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Other | 100.3% |
C000222435 Performance
Total returns for C000222435 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.9% |
| 1 year | 8.9% |
| 3 years (annualised) | 7.7% |
| 5 years (annualised) | 4.2% |
C000222435 Risk Information
Risk metrics for C000222435, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.4%
C000222435 Costs and Fees
C000222435 costs about $82 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.82%
- Gross expense ratio: 1.38%
- Portfolio turnover: 10%
- Brokerage commissions: 1.50 bps of average net assets (SEC N-CEN)
C000222435 Cashflows
Over the 12 months to 2026-04, Putnam Retirement Income Fund Lifestyle 1 had net inflows of $388.28M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$460.76K |
| 2026-03 | −$3.01M |
| 2026-02 | −$1.05M |
| 2026-01 | −$8.78M |
| 2025-12 | $4.35M |
| 2025-11 | −$1.94M |
C000222435 Debt Constituents
No individual debt constituents are reported in Putnam Retirement Income Fund Lifestyle 1's latest SEC N-PORT filing.
C000222435 Prospectus and SEC Filings
Official Putnam Retirement Income Fund Lifestyle 1 filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-11-24
- Prospectus supplement (497) — filed 2026-04-17
- Prospectus supplement (497) — filed 2025-06-10
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-24
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2025-10-10
- Annual census (N-CEN) — filed 2024-10-11
Related Funds
Other Alternative funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.