Putnam Retirement Advantage 2060 R (PAAMX)
| Fund Assets | 13.93M |
| Expense Ratio | 1.20% |
| Min. Investment | $500 |
| Turnover | 19.00% |
| Dividend (ttm) | 1.17 |
| Dividend Yield | 8.86% |
| Dividend Growth | 105.85% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 13.14 |
| YTD Return | 2.73% |
| 1-Year Return | 17.00% |
| 5-Year Return | 68.21% |
| 52-Week Low | 9.43 |
| 52-Week High | 13.31 |
| Beta (5Y) | n/a |
| Holdings | 3 |
| Inception Date | Sep 1, 2020 |
About PAAMX
Putnam Retirement Advantage 2060 Fund Inc. Class R is a target-date mutual fund designed to help investors plan for retirement around the year 2060. The fund’s primary purpose is to provide long-term capital appreciation and current income by dynamically adjusting its asset mix over time. Early in its lifecycle, the fund emphasizes growth by allocating a larger portion to equities, seeking to maximize asset accumulation. As the target retirement date approaches, the fund gradually shifts toward a more conservative allocation, increasing exposure to fixed income and income-producing investments to help preserve capital and reduce volatility. This fund operates as a “fund of funds,” investing in a diversified selection of underlying Putnam mutual funds to attain broad exposure across U.S. and international stocks, bonds, and other asset classes. Its unique glide path is tailored to address the evolving risk tolerance and income needs of investors as they move closer to retirement. Serving participants in employer-sponsored retirement plans as well as individual investors, the Putnam Retirement Advantage 2060 Fund holds a significant place in the retirement planning sector, enabling systematic, age-appropriate investing through a professionally managed option.
Performance
PAAMX had a total return of 17.00% in the past year, including dividends. Since the fund's inception, the average annual return has been 22.89%.
Top Holdings
99.97% of assets| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Equity Fund, Class P | n/a | 61.05% |
| Putnam Dynamic Asset Allocation Growth Fund, Class P | n/a | 38.45% |
| Putnam Short Term Investment Fund, Class P | n/a | 0.48% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $1.1651 | Dec 30, 2025 |
| Dec 31, 2024 | $0.566 | Dec 31, 2024 |
| Dec 29, 2023 | $0.796 | Dec 29, 2023 |
| Dec 30, 2022 | $0.553 | Dec 30, 2022 |
| Dec 31, 2021 | $2.364 | Dec 31, 2021 |
| Dec 31, 2020 | $0.112 | Dec 31, 2020 |