Putnam Retirement Advantage 2055 Y (PAAWX)

Fund Assets	15.79M
Expense Ratio	0.55%
Min. Investment	$500
Turnover	21.00%
Dividend (ttm)	0.73
Dividend Yield	5.74%
Dividend Growth	49.49%
Payout Frequency	Annual
Ex-Dividend Date	n/a

Previous Close	12.74
YTD Return	7.93%
1-Year Return	14.39%
5-Year Return	n/a
52-Week Low	10.47
52-Week High	13.08
Beta (5Y)	n/a
Holdings	3
Inception Date	Sep 1, 2020

About PAAWX

Putnam Retirement Advantage 2055 Fund Class Y is a target-date mutual fund structured to support investors planning to retire around the year 2055. Its primary function is to maximize returns while managing risk levels that align with a long-term retirement timeline. The fund achieves diversification by investing its assets across various underlying Putnam mutual funds, representing a mix of asset classes, including equities and fixed income. This multi-asset approach aims to balance growth potential during the fund's early years with increasing stability as the retirement target date approaches. The fund is notable for its dynamic allocation strategy, systematically shifting towards more conservative investments over time to help mitigate risk as investors near retirement. This structure makes it particularly relevant in defined contribution and retirement plan accounts, where lifecycle-based investment solutions are critical for long-term financial planning. With features like periodic dividend distributions and a focus on adjusting risk exposure, Putnam Retirement Advantage 2055 Fund Class Y serves as a comprehensive retirement solution for individuals targeting retirement in 2055.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2055
• Stock Exchange: NASDAQ
• Ticker Symbol: PAAWX
• Share Class: Class Y Shares
• Index: S&P Target Date To 2055 TR

Performance

PAAWX had a total return of 14.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.50%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PACJX	Class R6 Shares	0.45%
PADYX	Class A Shares	0.80%
PACSX	Class R Shares	1.20%
PACWX	Class C Shares	1.55%

Top 10 Holdings

99.93% of assets

Name	Symbol	Weight
PUTNAM DYNAMIC ASSET ALLOCATION GROWTH FUND - MUTUAL FUND	PVT998143903	60.55%
PUTNAM DYNAMIC ASSET ALLOCATION EQUITY FUND - MUTUAL FUND	PVT99AF81909	38.88%
PUTNAM SHORT TERM INVESTMENT FUND - MUTUAL FUND	PVT74676A451	0.50%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 31, 2024	$0.731	Dec 31, 2024
Dec 29, 2023	$0.489	Dec 29, 2023
Dec 30, 2022	$0.835	Dec 30, 2022
Dec 31, 2021	$2.018	Dec 31, 2021
Dec 31, 2020	$0.218	Dec 31, 2020