Putnam Retirement Advantage 2060 C (PAAPX)

Fund Assets	11.80M
Expense Ratio	1.55%
Min. Investment	$500
Turnover	19.00%
Dividend (ttm)	0.53
Dividend Yield	4.22%
Dividend Growth	-35.71%
Payout Frequency	Annual
Ex-Dividend Date	Dec 31, 2024

Previous Close	12.64
YTD Return	8.27%
1-Year Return	11.59%
5-Year Return	n/a
52-Week Low	10.15
52-Week High	12.65
Beta (5Y)	n/a
Holdings	3
Inception Date	Sep 1, 2020

About PAAPX

Putnam Retirement Advantage 2060 Fund Class C is a target-date mutual fund tailored for investors planning to retire around the year 2060. The fund’s investment strategy seeks both capital appreciation and current income, with a glide path that gradually reduces risk over time. Early on, the portfolio emphasizes growth through higher allocations in equities, shifting toward a greater emphasis on income-producing assets as the target date approaches. This dynamic allocation is achieved by investing in a variety of underlying Putnam funds, offering broad exposure across multiple asset classes and sectors. The fund’s multi-asset approach is designed to provide diversification and help manage risk throughout different stages of an investor’s lifecycle. Managed by Franklin Templeton Investments, the fund actively adjusts its holdings to align with its long-term objectives, catering to individuals pursuing a streamlined, all-in-one retirement investment solution.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2060+
• Stock Exchange: NASDAQ
• Ticker Symbol: PAAPX
• Share Class: Class C Shares
• Index: S&P Target Date To 2060 TR USD

Performance

PAAPX had a total return of 11.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.90%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PAAKX	Class R6 Shares	0.45%
PAKJX	Class Y Shares	0.55%
PAHLX	Class R5 Shares	0.55%
PAAVX	Class A Shares	0.80%

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	$0.531	Dec 31, 2024
Dec 29, 2023	$0.826	Dec 29, 2023
Dec 30, 2022	$0.553	Dec 30, 2022
Dec 31, 2021	$2.319	Dec 31, 2021
Dec 31, 2020	$0.100	Dec 31, 2020