Putnam Retirement Advantage Maturity R6 (PADLX)
| Fund Assets | 41.30M |
| Expense Ratio | 0.45% |
| Min. Investment | $500 |
| Turnover | 32.00% |
| Dividend (ttm) | 0.56 |
| Dividend Yield | 4.93% |
| Dividend Growth | 17.34% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 11.36 |
| YTD Return | 4.27% |
| 1-Year Return | 11.11% |
| 5-Year Return | 19.47% |
| 52-Week Low | 10.72 |
| 52-Week High | 11.47 |
| Beta (5Y) | 0.45 |
| Holdings | 2 |
| Inception Date | Dec 31, 2019 |
About PADLX
Putnam Retirement Advantage Maturity Fund Class R6 Shares is a target-date mutual fund tailored for investors approaching or reaching retirement. Its primary function is to deliver a balanced blend of capital appreciation and current income, gradually shifting its asset allocation to prioritize income as it nears and reaches its designated maturity year. The fund achieves diversification by primarily investing in other Putnam funds, emphasizing multi-asset and short-term investment vehicles, with the vast majority held in the Putnam Multi-Asset Income Fund. It operates within the target-date retirement fund category, recalibrating its portfolio quarterly to align with the decreasing risk tolerance typical of retirement-age investors. This fund is notable for its relatively low expense ratio and monthly distribution frequency, aiming to provide a steady income stream for retirees. As a professionally managed solution, Putnam Retirement Advantage Maturity Fund Class R6 Shares plays a significant market role in addressing the evolving investment and income needs of individuals navigating the transition into retirement.
Performance
PADLX had a total return of 11.11% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.72%.
Top Holdings
100.31% of assets| Name | Symbol | Weight |
|---|---|---|
| Putnam Multi-Asset Income Fund | n/a | 94.36% |
| Putnam Short Term Investment Fund, Class P | n/a | 5.95% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.0339 | Jun 30, 2026 |
| May 29, 2026 | $0.0372 | May 29, 2026 |
| Apr 30, 2026 | $0.0366 | Apr 30, 2026 |
| Mar 31, 2026 | $0.0422 | Mar 31, 2026 |
| Feb 27, 2026 | $0.0179 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0222 | Jan 30, 2026 |