Putnam Retirement Advantage 2055 A (PADYX)
| Fund Assets | 15.79M |
| Expense Ratio | 0.80% |
| Min. Investment | $500 |
| Turnover | 21.00% |
| Dividend (ttm) | 0.71 |
| Dividend Yield | 5.25% |
| Dividend Growth | 50.21% |
| Payout Frequency | Annual |
| Ex-Dividend Date | n/a |
| Previous Close | 12.67 |
| YTD Return | 7.79% |
| 1-Year Return | 14.04% |
| 5-Year Return | n/a |
| 52-Week Low | 10.42 |
| 52-Week High | 13.00 |
| Beta (5Y) | 0.91 |
| Holdings | 3 |
| Inception Date | Sep 1, 2020 |
About PADYX
Putnam Retirement Advantage 2055 Fund Class A is a target-date mutual fund crafted for individuals aiming to retire around the year 2055. Its primary goal is to provide capital appreciation and current income over time by dynamically adjusting its asset allocation as the target retirement date approaches. Initially, the fund holds a higher concentration in equities with the objective of maximizing growth during the early years. As the target date draws closer, the allocation gradually shifts toward a more conservative mix, increasing exposure to fixed-income and income-generating assets to reduce risk and volatility. The fund achieves diversification by investing in a variety of underlying Putnam mutual funds, spanning multiple asset classes. This structure aims to balance risk and reward throughout an investor’s lifecycle, adapting to changing market conditions and the evolving needs of those approaching retirement. Recognized for its systematic glide path strategy and broad diversification, the fund plays a significant role in retirement planning, appealing to investors seeking a managed, "set-it-and-forget-it" approach to their long-term retirement savings.
Performance
PADYX had a total return of 14.04% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.22%.
Top 10 Holdings
99.93% of assets| Name | Symbol | Weight |
|---|---|---|
| PUTNAM DYNAMIC ASSET ALLOCATION GROWTH FUND - MUTUAL FUND | PVT998143903 | 60.55% |
| PUTNAM DYNAMIC ASSET ALLOCATION EQUITY FUND - MUTUAL FUND | PVT99AF81909 | 38.88% |
| PUTNAM SHORT TERM INVESTMENT FUND - MUTUAL FUND | PVT74676A451 | 0.50% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.706 | Dec 31, 2024 |
| Dec 29, 2023 | $0.470 | Dec 29, 2023 |
| Dec 30, 2022 | $0.822 | Dec 30, 2022 |
| Dec 31, 2021 | $2.001 | Dec 31, 2021 |
| Dec 31, 2020 | $0.211 | Dec 31, 2020 |