Putnam Retirement Advantage Plus 2060 R3 (PAEVX)
| Fund Assets | 75.22M |
| Expense Ratio | 1.10% |
| Min. Investment | $500 |
| Turnover | 29.00% |
| Dividend (ttm) | 0.50 |
| Dividend Yield | 3.07% |
| Dividend Growth | 909.40% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 16.40 |
| YTD Return | 7.19% |
| 1-Year Return | 14.84% |
| 5-Year Return | 56.46% |
| 52-Week Low | 14.27 |
| 52-Week High | 16.63 |
| Beta (5Y) | n/a |
| Holdings | 6 |
| Inception Date | Jan 4, 2021 |
About PAEVX
Putnam Sustainable Retirement 2060 Fund Class R3 is a target-date mutual fund tailored for investors planning to retire around the year 2060. Its primary objective is to seek capital appreciation and current income, with the fund’s asset allocation gradually shifting over time to reduce risk as the retirement date approaches. Early in its lifecycle, the fund emphasizes growth through investments in equities, with increasing allocation to income-generating and capital-preserving assets as 2060 nears. A notable feature of this fund is its sustainable investment approach, which integrates environmental, social, and governance (ESG) criteria into its selection process. This focus is reflected in its low portfolio carbon risk and minimal exposure to fossil fuels, supporting investors with sustainability preferences. The fund builds diversification by investing in a mix of underlying funds and ETFs, spanning various asset classes and global markets. The Putnam Sustainable Retirement 2060 Fund Class R3 serves as a comprehensive solution for long-term retirement savers seeking a disciplined glide path and a commitment to responsible investing.
Performance
PAEVX had a total return of 14.84% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.50%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Equity P | n/a | 66.15% |
| Putnam Dynamic Asset Allocation Gr P | n/a | 31.62% |
| Franklin BSP Lending Fund | FBREX | 0.87% |
| Clarion Partners Real Estate Income Fund Inc. | CPREX | 0.86% |
| Putnam Fds Tr | n/a | 0.46% |
| Cash And Equivalents | n/a | 0.03% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.5047 | Dec 30, 2025 |
| Dec 31, 2024 | $0.050 | Dec 31, 2024 |
| Dec 29, 2023 | $0.146 | Dec 29, 2023 |
| Dec 30, 2022 | $0.641 | Dec 30, 2022 |
| Dec 31, 2021 | $1.714 | Dec 31, 2021 |