Putnam Retirement Advantage Plus 2040 R4 (PAAYX)
| Fund Assets | 395.86M |
| Expense Ratio | n/a |
| Min. Investment | $500 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.57 |
| Dividend Yield | 1.86% |
| Dividend Growth | 26.21% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 30.88 |
| YTD Return | -3.32% |
| 1-Year Return | 10.52% |
| 5-Year Return | 222.31% |
| 52-Week Low | 26.36 |
| 52-Week High | 32.85 |
| Beta (5Y) | n/a |
| Holdings | 6 |
| Inception Date | Jan 4, 2021 |
About PAAYX
Putnam Sustainable Retirement 2040 Fund - Class R4 is an actively managed target-date mutual fund designed to help investors prepare for retirement around the year 2040. The fund's primary objective is to seek both capital appreciation and current income, progressively adjusting its asset allocation strategy as the target date approaches. Early in its lifecycle, the fund emphasizes growth-oriented investments such as equities to maximize long-term appreciation. As 2040 nears, the allocation gradually shifts to a greater focus on income-generating and more conservative assets to help preserve accumulated wealth and support income needs during retirement. An additional distinguishing feature of this fund is its integration of sustainable investment principles, aiming to invest in companies and sectors with favorable environmental, social, and governance (ESG) practices. This structure is particularly intended for individuals planning to retire or begin drawing down their retirement savings around 2040, providing a professionally managed, diversified approach to long-term retirement investing that adapts to changing investor risk profiles over time.
Performance
PAAYX had a total return of 10.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 25.14%.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Gr P | n/a | 59.32% |
| Putnam Dynamic Asset Allocation Bal P | n/a | 29.33% |
| Putnam Fds Tr | n/a | 3.43% |
| Franklin BSP Lending Fund | FBREX | 2.94% |
| Clarion Partners Real Estate Income Fund Inc. | CPREX | 2.93% |
| Cash And Equivalents | n/a | 2.05% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.573 | Dec 30, 2025 |
| Dec 31, 2024 | $0.454 | Dec 31, 2024 |
| Dec 29, 2023 | $0.441 | Dec 29, 2023 |
| Dec 30, 2022 | $3.158 | Dec 30, 2022 |
| Dec 31, 2021 | $2.564 | Dec 31, 2021 |