Putnam Retirement Advantage Plus 2045 R4 (PACFX)
| Fund Assets | 327.91M |
| Expense Ratio | 0.75% |
| Min. Investment | $500 |
| Turnover | 21.00% |
| Dividend (ttm) | 0.49 |
| Dividend Yield | 1.44% |
| Dividend Growth | 27.44% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 34.07 |
| YTD Return | 5.60% |
| 1-Year Return | 12.48% |
| 5-Year Return | 30.77% |
| 52-Week Low | 30.11 |
| 52-Week High | 34.37 |
| Beta (5Y) | n/a |
| Holdings | 7 |
| Inception Date | Jan 4, 2021 |
About PACFX
The Putnam Sustainable Retirement 2045 Fund – Class R4 is a target-date mutual fund designed for individuals planning to retire around the year 2045. Its primary objective is to provide long-term capital appreciation and current income, balancing these goals by gradually shifting its asset allocation as the target date approaches. The fund initially emphasizes growth-oriented investments, allocating a significant portion of assets to equity securities, and gradually increases its allocation to fixed-income and more conservative investments over time. A distinguishing feature of this fund is its focus on sustainability: it selects underlying holdings with environmental, social, and governance (ESG) criteria in mind, aiming to generate positive societal impact alongside financial returns. The fund’s portfolio reflects a blend of Putnam’s sustainable equity and fixed-income strategies, offering diversified exposure to both domestic and international markets. As a part of a broader suite of retirement solutions, this fund is tailored for investors seeking a professionally managed, ESG-focused investment vehicle that automatically adjusts risk in accordance with a predetermined retirement horizon.
Performance
PACFX had a total return of 12.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 25.02%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Gr P | n/a | 85.40% |
| Putnam Dynamic Asset Allocation Equity P | n/a | 7.30% |
| Putnam Fds Tr | n/a | 2.56% |
| Franklin BSP Lending Fund | FBREX | 1.94% |
| Clarion Partners Real Estate Income Fund Inc. | CPREX | 1.93% |
| Putnam Dynamic Asset Allocation Bal P | n/a | 0.83% |
| Cash And Equivalents | n/a | 0.04% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.4919 | Dec 30, 2025 |
| Dec 31, 2024 | $0.386 | Dec 31, 2024 |
| Dec 29, 2023 | $0.415 | Dec 29, 2023 |
| Dec 30, 2022 | $2.485 | Dec 30, 2022 |
| Dec 31, 2021 | $2.801 | Dec 31, 2021 |