Putnam Investments Introduces Lower-Cost Pricing Option on Firm’s Retirement Advantage Target-Date Fund Series

By a News Reporter-Staff News Editor at Investment Weekly News -- Putnam Investments announced the availability of a new highly competitive pricing option on its Putnam Retirement Advantage Funds, a series of 10 target-date funds designed for the retirement marketplace. Putnam class X shares have a management fee of 0.35% and are available to defined contribution plans that have a minimum of $5 million invested in Putnam Retirement Advantage Funds. The new class X shares symbolize the 10-year anniversary of the suite, which has experienced noteworthy growth in recent years.

Putnam Retirement Advantage Funds are designed for plan participants who want the risk/return profile of their asset allocation glide path to reflect their projected retirement date. The funds are actively managed by Putnam's Global Asset Allocation team, a highly experienced group with a strong long-term track record of pursuing multi-asset investment strategies.

Putnam Retirement Advantage Funds, which currently have $3.8 billion in assets under management, are collective investment trusts, a pooled vehicle structure that can help to keep costs competitive by providing lower operational expenses and enhanced fee flexibility.

"Putnam is laser-focused on addressing the issues most important to plan sponsors and consultants, including fees, transparency and performance. We see our role as a critical piece of the equation, as we work closely with retirement plan sponsors and their advisors in providing an array of effective and innovative traditional and non-traditional investment strategies for participants," added McKay.

Putnam's DCIO business, with $20 billion in assets, offers numerous investment options for defined contribution plans. About Putnam Investments Founded in 1937, Putnam Investments is a leading global money management firm with 80 years of investment experience. At the end of January 2018, Putnam had $177 billion in assets under management. For more information, visit putnam.com. View source version on businesswire.com: http://www.businesswire.com/news/home/20180220006079/en/

Keywords for this news article include: Putnam Investments, Investment and Finance.

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