Putnam Retirement Advantage Plus 2030 R4 (PADNX)
| Fund Assets | 439.43M |
| Expense Ratio | n/a |
| Min. Investment | $500 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.53 |
| Dividend Yield | 2.02% |
| Dividend Growth | -11.49% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 26.13 |
| YTD Return | -1.77% |
| 1-Year Return | 7.27% |
| 5-Year Return | 176.98% |
| 52-Week Low | 23.56 |
| 52-Week High | 27.28 |
| Beta (5Y) | n/a |
| Holdings | 7 |
| Inception Date | Jan 4, 2021 |
About PADNX
Putnam Sustainable Retirement 2030 Fund Class R4 is a target-date mutual fund designed to help investors prepare for retirement around the year 2030. The fund’s primary objective is to provide a diversified investment portfolio that gradually shifts its allocation from higher-growth assets to more conservative investments as the target date approaches. It does this by combining a mix of equity and fixed-income securities, adjusting its balance over time to reduce risk and volatility for investors nearing retirement. As of recent allocations, approximately one-third of the portfolio is in equities, with the remainder in fixed income, reflecting a transition towards capital preservation as 2030 draws near. The fund emphasizes sustainable investing principles, selecting holdings that consider environmental, social, and governance (ESG) factors. By integrating sustainability criteria, the fund seeks to address long-term risks and opportunities, making it particularly relevant for investors who are mindful of responsible investing practices. Putnam Sustainable Retirement 2030 Fund Class R4 plays a significant role in the retirement planning market, offering a professionally managed, age-appropriate glide path aimed at supporting income needs and financial security in retirement.
Performance
PADNX had a total return of 7.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 21.56%.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Cnsrv P | n/a | 38.53% |
| Putnam Dynamic Asset Allocation Bal P | n/a | 24.04% |
| Putnam Multi-Asset Income P | n/a | 21.67% |
| Putnam Fds Tr | n/a | 5.87% |
| Franklin BSP Lending Fund | FBREX | 3.90% |
| Clarion Partners Real Estate Income Fund Inc. | CPREX | 3.89% |
| Cash And Equivalents | n/a | 2.10% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.5284 | Dec 30, 2025 |
| Dec 31, 2024 | $0.597 | Dec 31, 2024 |
| Dec 29, 2023 | $0.600 | Dec 29, 2023 |
| Dec 30, 2022 | $2.258 | Dec 30, 2022 |
| Dec 31, 2021 | $2.117 | Dec 31, 2021 |