Putnam Retirement Advantage Plus 2050 R3 (PADWX)
| Fund Assets | 247.53M |
| Expense Ratio | n/a |
| Min. Investment | $500 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 1.37% |
| Dividend Growth | 46.27% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 22.40 |
| YTD Return | -3.82% |
| 1-Year Return | 12.24% |
| 5-Year Return | 126.89% |
| 52-Week Low | 18.54 |
| 52-Week High | 23.85 |
| Beta (5Y) | n/a |
| Holdings | 6 |
| Inception Date | Jan 4, 2021 |
About PADWX
Putnam Sustainable Retirement 2050 Fund Class R3 is a target-date mutual fund designed to help investors accumulate and preserve wealth as they approach retirement around the year 2050. The fund seeks to balance capital appreciation in earlier years with a gradual shift toward generating current income as the target retirement date approaches. This is achieved through a diversified allocation primarily among underlying funds, with notable emphasis on sustainability and ESG (environmental, social, and governance) criteria in its investment approach. The portfolio includes a mix of U.S. and international equities, sustainable bond holdings, and emerging markets exposure, adapting its asset mix over time to align with changing risk profiles and income needs. The fund plays a significant role in retirement planning by offering a professionally managed investment solution tailored for long-term growth while integrating responsible investing principles. Managed by a dedicated team, it is aimed at individuals seeking an all-in-one retirement strategy with a focus on both financial performance and positive environmental and social impact.
Performance
PADWX had a total return of 12.24% in the past year, including dividends. Since the fund's inception, the average annual return has been 17.00%.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Gr P | n/a | 67.10% |
| Putnam Dynamic Asset Allocation Equity P | n/a | 24.15% |
| Cash And Equivalents | n/a | 4.17% |
| Franklin BSP Lending Fund | FBREX | 1.67% |
| Clarion Partners Real Estate Income Fund Inc. | CPREX | 1.67% |
| Putnam Fds Tr | n/a | 1.25% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.3057 | Dec 30, 2025 |
| Dec 31, 2024 | $0.209 | Dec 31, 2024 |
| Dec 29, 2023 | $0.255 | Dec 29, 2023 |
| Dec 30, 2022 | $2.016 | Dec 30, 2022 |
| Dec 31, 2021 | $2.251 | Dec 31, 2021 |