Putnam Retirement Advantage 2045 Y (PAFJX)

Fund Assets	11.02M
Expense Ratio	0.55%
Min. Investment	$500
Turnover	n/a
Dividend (ttm)	0.64
Dividend Yield	5.51%
Dividend Growth	130.58%
Payout Frequency	Annual
Ex-Dividend Date	Dec 31, 2024

Previous Close	11.51
YTD Return	1.66%
1-Year Return	13.61%
5-Year Return	n/a
52-Week Low	n/a
52-Week High	n/a
Beta (5Y)	n/a
Holdings	3
Inception Date	Sep 1, 2020

About PAFJX

PAFJX was founded on 2020-09-01. The Fund's investment strategy focuses on Growth with 0.55% total expense ratio. The minimum amount to invest in Putnam Retirement Advantage 2045 Fund Class Y Shares is $500 on a standard taxable account. Putnam Retirement Advantage 2045 Fund Class Y Shares seeks capital appreciation and current income consistent with a decreasing emphasis on capital appreciation and an increasing emphasis on current income as it approaches its target date of 2045. Putnam Management will adjust these funds allocations at the end of each calendar quarter based on the glide path.

• Category: Target-Date 2045
• Performance Rating: High
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: PAFJX
• Share Class: Class Y Shares
• Index: S&P Target Date To 2045 TR

Performance

PAFJX had a total return of 13.61% in the past year. Since the fund's inception, the average annual return has been 10.56%, including dividends.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PAFMX	Class R6 Shares	0.45%
PALGX	Class A Shares	0.80%
PAFZX	Class R Shares	1.20%
PAFPX	Class C Shares	1.55%

Top 10 Holdings

99.95% of assets

Name	Symbol	Weight
PUTNAM DYNAMIC ASSET ALLOCATION GROWTH FUND - MUTUAL FUND	PVT998143903	93.71%
PUTNAM DYNAMIC ASSET ALLOCATION BALANCED FUND - MUTUAL FUND	PVT746444900	3.89%
PUTNAM SHORT TERM INVESTMENT FUND - MUTUAL FUND	PVT74676A451	2.36%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 31, 2024	$0.641	Dec 31, 2024
Dec 29, 2023	$0.278	Dec 29, 2023
Dec 30, 2022	$1.042	Dec 30, 2022
Dec 31, 2021	$1.789	Dec 31, 2021
Dec 31, 2020	$0.135	Dec 31, 2020