Putnam Retirement Advantage Plus 2040 R3 (PAAUX)
| Fund Assets | 395.86M |
| Expense Ratio | n/a |
| Min. Investment | $500 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.51 |
| Dividend Yield | 1.54% |
| Dividend Growth | 35.39% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 32.89 |
| YTD Return | 2.97% |
| 1-Year Return | 12.14% |
| 5-Year Return | 39.89% |
| 52-Week Low | 29.36 |
| 52-Week High | 33.26 |
| Beta (5Y) | n/a |
| Holdings | 6 |
| Inception Date | Jan 4, 2021 |
About PAAUX
Putnam Sustainable Retirement 2040 Fund Class R3 is a target date mutual fund designed to support long-term retirement saving goals, with 2040 as its intended milestone for investors to begin withdrawals. Its primary purpose is to offer a balance between capital appreciation and current income, aiming to meet the needs of individuals planning to retire around the year 2040. The fund allocates its assets primarily to underlying exchange-traded funds (ETFs) that emphasize investments with positive sustainability or environmental, social, and governance (ESG) characteristics. This approach integrates a disciplined asset allocation strategy, adjusting its portfolio’s risk and income profile as the target date approaches. The fund is broadly diversified across multiple asset classes to manage risk and provide growth potential over time. Putnam Sustainable Retirement 2040 Fund Class R3 plays a significant role for investors who seek a professionally managed, sustainability-focused solution tailored to a specific retirement timeline, reflecting evolving preferences for both responsible investing and retirement planning.
Performance
PAAUX had a total return of 12.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.79%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FTFFX | Fidelity | Fidelity Advisor Freedom 2040 Fund - Class M | 1.24% |
| FCFFX | Fidelity | Fidelity Advisor Freedom 2040 Fund - Class C | 1.74% |
| FAFFX | Fidelity | Fidelity Advisor Freedom 2040 Fund - Class A | 0.99% |
| FIJPX | Fidelity | Fidelity Advisor Freedom 2040 Fund - Class Z | 0.64% |
| FIFFX | Fidelity | Fidelity Advisor Freedom 2040 Fund - Class I | 0.74% |
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Gr P | n/a | 59.83% |
| Putnam Dynamic Asset Allocation Bal P | n/a | 30.34% |
| Putnam Fds Tr | n/a | 3.65% |
| Franklin BSP Lending Fund | FBREX | 3.08% |
| Clarion Partners Real Estate Income Fund Inc. | CPREX | 3.07% |
| Cash And Equivalents | n/a | 0.04% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.505 | Dec 30, 2025 |
| Dec 31, 2024 | $0.373 | Dec 31, 2024 |
| Dec 29, 2023 | $0.383 | Dec 29, 2023 |
| Dec 30, 2022 | $3.093 | Dec 30, 2022 |
| Dec 31, 2021 | $2.504 | Dec 31, 2021 |