Putnam Retirement Advantage 2050 R (PAEQX)

Fund Assets	26.65M
Expense Ratio	1.20%
Min. Investment	$500
Turnover	21.00%
Dividend (ttm)	0.59
Dividend Yield	4.44%
Dividend Growth	26.57%
Payout Frequency	Annual
Ex-Dividend Date	Dec 31, 2024

Previous Close	13.21
YTD Return	17.30%
1-Year Return	13.14%
5-Year Return	68.35%
52-Week Low	10.02
52-Week High	13.24
Beta (5Y)	n/a
Holdings	3
Inception Date	Sep 1, 2020

About PAEQX

The Putnam Retirement Advantage 2050 Fund Class R is a target-date mutual fund designed primarily for individuals planning to retire around the year 2050. Its portfolio allocation is dynamically adjusted over time, with an initial focus on capital appreciation through a higher exposure to growth-oriented assets. As the target retirement date approaches, the fund gradually shifts toward a more conservative allocation, placing greater emphasis on income-generating investments and capital preservation. This glide path is intended to balance growth potential in earlier years with risk reduction as retirement nears. The fund achieves diversification by investing in a variety of underlying Putnam mutual funds across multiple asset classes, including equities and fixed income. Its structure is well-suited for retirement planning strategies, offering a hands-off approach for long-term investors seeking both growth and eventual income as they transition into retirement.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2050
• Stock Exchange: NASDAQ
• Ticker Symbol: PAEQX
• Share Class: Class R Shares
• Index: S&P Target Date To 2050 TR

Performance

PAEQX had a total return of 13.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 19.59%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PAEKX	Class R6 Shares	0.45%
PHPDX	Class Y Shares	0.55%
PAHDX	Class R5 Shares	0.55%
PAEZX	Class A Shares	0.80%

Top 10 Holdings

99.90% of assets

Name	Symbol	Weight
Putnam Dynamic Asset Allocation Growth Fund, Class P	n/a	85.57%
Putnam Dynamic Asset Allocation Equity Fund, Class P	n/a	13.27%
Putnam Short Term Investment Fund, Class P	n/a	1.06%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 31, 2024	$0.586	Dec 31, 2024
Dec 29, 2023	$0.463	Dec 29, 2023
Dec 30, 2022	$0.887	Dec 30, 2022
Dec 31, 2021	$1.926	Dec 31, 2021
Dec 31, 2020	$0.220	Dec 31, 2020