Putnam Retirement Advantage 2060 Fund Class R6 Shares (PAAKX)
| Fund Assets | 11.80M |
| Expense Ratio | 0.45% |
| Min. Investment | $500 |
| Turnover | 19.00% |
| Dividend (ttm) | 0.65 |
| Dividend Yield | 5.04% |
| Dividend Growth | -25.55% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 12.85 |
| YTD Return | 8.90% |
| 1-Year Return | 12.58% |
| 5-Year Return | 97.06% |
| 52-Week Low | 10.35 |
| 52-Week High | 12.93 |
| Beta (5Y) | n/a |
| Holdings | 3 |
| Inception Date | Dec 31, 2019 |
About PAAKX
Putnam Retirement Advantage 2060 Fund Class R6 is a target-date mutual fund designed for investors planning to retire around the year 2060. The fund’s primary function is to provide a diversified investment solution that automatically adjusts its asset allocation over time, transitioning from a focus on capital appreciation in early years toward greater income generation and preservation of capital as the designated retirement year approaches. It does this through a unique glide path strategy, gradually shifting its investment mix from equities to more conservative assets as the target date nears. Notably, the fund invests a significant portion of its assets in a mix of Putnam’s dynamic asset allocation portfolios, predominantly equity-oriented in its early decades, and rebalances periodically to reflect its glide path objectives. It is structured as a cost-efficient vehicle with a lower-than-average expense ratio compared to peers, and is commonly used in employer-sponsored retirement plans. The fund plays a vital role in helping participants manage retirement savings by automating asset allocation and reducing the need for hands-on investment management as they approach retirement age.
Performance
PAAKX had a total return of 12.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.37%.
Top 10 Holdings
99.93% of assets| Name | Symbol | Weight |
|---|---|---|
| PUTNAM DYNAMIC ASSET ALLOCATION EQUITY FUND - MUTUAL FUND | PVT99AF81909 | 62.66% |
| PUTNAM DYNAMIC ASSET ALLOCATION GROWTH FUND - MUTUAL FUND | PVT998143903 | 36.77% |
| PUTNAM SHORT TERM INVESTMENT FUND - MUTUAL FUND | PVT74676A451 | 0.50% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.647 | Dec 31, 2024 |
| Dec 29, 2023 | $0.869 | Dec 29, 2023 |
| Dec 30, 2022 | $0.608 | Dec 30, 2022 |
| Dec 31, 2021 | $2.461 | Dec 31, 2021 |
| Dec 31, 2020 | $0.139 | Dec 31, 2020 |