Putnam Retirement Advantage 2055 Y (PAAWX)
| Fund Assets | 18.80M |
| Expense Ratio | 0.55% |
| Min. Investment | $500 |
| Turnover | 21.00% |
| Dividend (ttm) | 1.28 |
| Dividend Yield | 9.65% |
| Dividend Growth | 74.45% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 13.21 |
| YTD Return | 2.48% |
| 1-Year Return | 18.33% |
| 5-Year Return | 69.72% |
| 52-Week Low | 9.53 |
| 52-Week High | 13.36 |
| 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.
Performance
PAAWX had a total return of 18.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 23.15%.
Top Holdings
99.91% of assets| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Growth Fund, Class P | n/a | 62.81% |
| Putnam Dynamic Asset Allocation Equity Fund, Class P | n/a | 36.63% |
| Putnam Short Term Investment Fund, Class P | n/a | 0.47% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $1.2752 | Dec 30, 2025 |
| 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 |