Putnam Retirement Advantage Plus 2040 R5 (PABTX)
| Fund Assets | 395.86M |
| Expense Ratio | n/a |
| Min. Investment | $500 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 1.96% |
| Dividend Growth | 24.06% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 30.89 |
| YTD Return | -3.32% |
| 1-Year Return | 10.67% |
| 5-Year Return | 26.51% |
| 52-Week Low | 26.36 |
| 52-Week High | 32.87 |
| Beta (5Y) | n/a |
| Holdings | 6 |
| Inception Date | Jan 4, 2021 |
About PABTX
Putnam Sustainable Retirement 2040 Fund Class R5 is a target-date mutual fund designed to support retirement planning, with an investment strategy tailored for individuals aiming to retire around the year 2040. Its primary objective is to deliver a balanced approach to capital appreciation and current income, while adapting its asset allocation over time. The fund achieves diversification by investing in a variety of underlying equity and fixed income funds, allowing for broad exposure across multiple asset classes. A distinctive feature of this fund is its dynamic allocation strategy, which gradually shifts its emphasis from growth-focused investments toward capital preservation and income as the target retirement date approaches. This adjustment is managed according to a predetermined glide path, which is reviewed and recalibrated quarterly to reflect the changing investment needs as retirement nears. Temporary allocations to cash or money market funds occur as needed to manage liquidity for purchases and redemptions. The fund is overseen by a portfolio management team at Putnam Investments, leveraging the firm’s experience across sustainable and diversified investment solutions. Putnam Sustainable Retirement 2040 Fund Class R5 offers a long-term, adaptive investment solution for individuals seeking a professionally managed retirement portfolio aligned with a 2040 retirement horizon.
Performance
PABTX had a total return of 10.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.95%.
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 | $0.6054 | Dec 30, 2025 |
| Dec 31, 2024 | $0.488 | Dec 31, 2024 |
| Dec 29, 2023 | $0.501 | Dec 29, 2023 |
| Dec 30, 2022 | $3.193 | Dec 30, 2022 |
| Dec 31, 2021 | $2.621 | Dec 31, 2021 |