Putnam Retirement Advantage 2045 R6 (PAFMX)
| Fund Assets | 26.84M |
| Expense Ratio | 0.45% |
| Min. Investment | $500 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.65 |
| Dividend Yield | 4.98% |
| Dividend Growth | 128.87% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 13.07 |
| YTD Return | 13.87% |
| 1-Year Return | 16.18% |
| 5-Year Return | 79.38% |
| 52-Week Low | 10.29 |
| 52-Week High | 13.11 |
| Beta (5Y) | n/a |
| Holdings | 3 |
| Inception Date | Dec 31, 2019 |
About PAFMX
Putnam Retirement Advantage 2045 Fund Class R6 is a target-date mutual fund designed to help investors save for retirement, with a target date of 2045. Its primary function is to provide a diversified investment solution that automatically adjusts its asset allocation over time, aiming for capital appreciation in the early years and gradually shifting toward current income as the target date approaches. The fund achieves diversification by investing predominantly in underlying Putnam mutual funds, which themselves span a broad spectrum of asset classes. As a 2045 target-date fund, it is particularly relevant for individuals expecting to retire around that year, offering a professionally managed glide path to adapt risk exposure according to a long-term retirement timeline. Notable features include a relatively low expense ratio and an annual payout of dividends, which makes it cost-efficient among its peer group. The fund's holdings are periodically rebalanced, maintaining alignment with its intended risk profile and adapting as investors' retirement date draws closer. In the context of retirement planning, Putnam Retirement Advantage 2045 Fund Class R6 plays a significant role by streamlining the investment process for long-term savers, promoting disciplined asset allocation and diversification throughout an investor’s pre- and post-retirement phases.
Performance
PAFMX had a total return of 16.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.38%.
Top 10 Holdings
99.94% of assets| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Growth Fund, Class P | n/a | 91.69% |
| Putnam Dynamic Asset Allocation Balanced Fund, Class P | n/a | 5.74% |
| Putnam Short Term Investment Fund, Class P | n/a | 2.51% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.650 | Dec 31, 2024 |
| Dec 29, 2023 | $0.284 | Dec 29, 2023 |
| Dec 30, 2022 | $1.053 | Dec 30, 2022 |
| Dec 31, 2021 | $1.802 | Dec 31, 2021 |
| Dec 31, 2020 | $0.139 | Dec 31, 2020 |