PTHAX Putnam Tax-Free High Yield Fund Class A (MM)

Putnam Investments today announced it has significantly enhanced the Putnam Lifetime IncomeSM Analysis Tool, its innovative retirement planning platform, with the addition of a robust new asset allocation application, which enables 401(k) plan participants to model changes to the mix of assets in their retirement savings account and implement the changes in real-time.

Launched in January, the Lifetime Income Analysis Tool redefines the way investors view their current retirement savings activities, by placing greater focus on helping 401(k) plan participants project how much income their current retirement savings may generate in retirement to determine if they are on track to achieve their desired lifestyle. The new asset allocation function takes participants a step further by providing them with an analysis of likely investment outcomes for their account based on their asset class mix, and gives them the ability to instantly reallocate their portfolio to better align with their retirement income goals.

“The financial crisis made it painfully clear that investors need to change the way they view the retirement savings process by shifting their focus away from simply amassing assets to specifically planning how much actual income will be needed – and can be expected – in retirement,” said Jeffrey R. Carney, Putnam Investments Head of Global Products and Retirement. “The most critical factors in determining a successful retirement outcome are an individual’s level of savings and striking an appropriate asset allocation. Putnam’s enhancement to its Lifetime Income Analysis Tool directly addresses the crucial asset allocation element.”

The new asset allocation function of the Lifetime Income Analysis Tool provides plan participants with the option of building their own portfolio to achieve their target asset allocation using the existing funds in their plan. In some cases, participants may have the option to choose from a variety of professionally managed, pre-diversified solutions is they are part of the plan option. No matter what asset allocation method a participant chooses, the reallocation of their portfolio can be made directly from the tool in real-time.

“While asset allocation is one of the most important decisions that plan participants make when it comes to determining whether their retirement savings plan will meet their income needs in retirement, it is often woefully overlooked due to its perceived complexities,” said Edmund F. Murphy, III, Managing Director, Head of Defined Contribution, Putnam Investments. “By providing investors with an intuitive, simplified and easy-to-use approach to assessing and impacting their retirement readiness, we believe they will employ greater consideration to the driving factors behind securing a dignified retirement.”

Commitment to the Retirement Market

The Lifetime Income Analysis Tool is part of a deepened commitment by Putnam Investments to the retirement market. This year, Putnam has launched a series of retirement initiatives, including groundbreaking fee transparency disclosures in its effort to provide the clearest, most complete overview of fees and expenses in the workplace savings industry. (For more details on Putnam’s approach to transparency, please visit www.theretirementsavingschallenge.com.)

Putnam also has expanded the services it offers to 401(k) retirement plans and developed products to meet the needs of those planning for or already in retirement. The firm has created a platform that provides flexible and scalable services and solutions for advisors, consultants, and their plan sponsor clients in every segment of the retirement market.

Putnam RetirementReady® Funds, the firm's suite of 10 target-date/lifecycle retirement funds, added target Absolute Return Funds* to its mix of underlying investments. RetirementReady Funds became the only suite of lifecycle funds to integrate absolute return strategies, which seek positive returns over a period of three years with less volatility than more traditional mutual funds. Employed in retirement portfolios, Putnam Absolute Return Funds are intended to pursue positive returns in up and down markets, to protect against the harmful effects of adverse investment returns and to reduce volatility, particularly for investors in or near retirement.

About Putnam Investments

Founded in 1937, Putnam Investments is a leading global money management firm with over 70 years of investment experience. The firm was recently ranked #1 out of 61 fund families, based on its funds’ performance during 2009, in a Lipper/Barron’s Fund Families Survey. Putnam is a leader in product innovation, and is the first mutual fund family to offer a full suite of Target Absolute Return Funds and a complete suite of Global Sector Funds. At the end of May 2010, Putnam had $112 billion in assets under management, including mutual fund assets of $62 billion and institutional assets of $50 billion. Putnam has offices in Boston, London, Frankfurt, Amsterdam, Tokyo, Singapore, and Sydney. For more information, visit putnam.com.

Putnam mutual funds are distributed by Putnam Retail Management.

* Putnam's target Absolute Return Funds are not intended to outperform stocks and bonds during strong market rallies.

Putnam Tax-Free High Yield Fund Class A (MM) (NASDAQ:PTHAX)
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Putnam Tax-Free High Yield Fund Class A (MM) (NASDAQ:PTHAX)
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De Jan 2024 até Jan 2025