Putnam Retirement Advantage Plus 2045 R3 (PACGX)
| Fund Assets | 327.91M |
| Expense Ratio | 1.00% |
| Min. Investment | $500 |
| Turnover | 21.00% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 1.23% |
| Dividend Growth | 32.79% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 34.04 |
| YTD Return | 5.44% |
| 1-Year Return | 12.17% |
| 5-Year Return | 29.45% |
| 52-Week Low | 30.10 |
| 52-Week High | 34.35 |
| Beta (5Y) | n/a |
| Holdings | 7 |
| Inception Date | Jan 4, 2021 |
About PACGX
The Putnam Sustainable Retirement 2045 Fund – Class R3 is a target-date mutual fund designed to support investors planning to retire around the year 2045. Its primary function is to provide both capital appreciation and current income, with the portfolio allocation gradually shifting as the target retirement date approaches. Early in its lifecycle, the fund emphasizes growth by holding a higher proportion of equities, but as 2045 nears, it increases exposure to fixed income assets to reduce risk and enhance income generation. A distinguishing feature of this fund is its focus on sustainability; it invests in underlying funds and securities that meet environmental, social, and governance (ESG) considerations. By diversifying across multiple asset classes and integrating ESG factors, the fund aims to help investors achieve retirement security while aligning with sustainable investment principles. It plays a significant role for individuals seeking a professionally managed, adaptive investment solution that adjusts over time to match evolving risk tolerance as retirement draws closer.
Performance
PACGX had a total return of 12.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 24.76%.
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 | $0.4183 | Dec 30, 2025 |
| Dec 31, 2024 | $0.315 | Dec 31, 2024 |
| Dec 29, 2023 | $0.359 | Dec 29, 2023 |
| Dec 30, 2022 | $2.401 | Dec 30, 2022 |
| Dec 31, 2021 | $2.724 | Dec 31, 2021 |