Putnam Retirement Advantage 2045 R (PAFZX)
| Fund Assets | 27.32M |
| Expense Ratio | 1.20% |
| Min. Investment | $500 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 4.55% |
| Dividend Growth | 183.18% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 13.18 |
| YTD Return | 16.65% |
| 1-Year Return | 16.81% |
| 5-Year Return | 83.36% |
| 52-Week Low | 10.22 |
| 52-Week High | 13.32 |
| Beta (5Y) | n/a |
| Holdings | 3 |
| Inception Date | Sep 1, 2020 |
About PAFZX
Putnam Retirement Advantage 2045 Fund Class R is a target-date mutual fund designed for investors planning to begin withdrawals around 2045. Its primary objective is to balance capital appreciation and current income over time through a “glide path” that gradually shifts from growth-oriented assets toward more conservative holdings as the target date approaches. The fund achieves broad diversification by investing primarily in other Putnam mutual funds, with a core allocation to multi-asset strategies such as Putnam Dynamic Asset Allocation Growth and Balanced funds. This structure provides exposure across U.S. and international equities, fixed income, and cash equivalents within a single vehicle, aiming to simplify retirement planning and ongoing allocation decisions. The fund’s role in the market is to serve as a turnkey, professionally managed retirement solution for workplace plans and individual investors, offering automatic rebalancing, systematic risk reduction as retirement nears, and a consistent framework aligned with a specific retirement horizon. According to publicly available profiles, the strategy is categorized in the Target-Date 2045 group and emphasizes ease of use and lifecycle risk management for long-term savers.
Performance
PAFZX had a total return of 16.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.60%.
Top 10 Holdings
99.91% of assets| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Growth Fund, Class P | n/a | 90.62% |
| Putnam Dynamic Asset Allocation Balanced Fund, Class P | n/a | 6.76% |
| Putnam Short Term Investment Fund, Class P | n/a | 2.52% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.606 | Dec 31, 2024 |
| Dec 29, 2023 | $0.214 | Dec 29, 2023 |
| Dec 30, 2022 | $0.977 | Dec 30, 2022 |
| Dec 31, 2021 | $1.708 | Dec 31, 2021 |
| Dec 31, 2020 | $0.112 | Dec 31, 2020 |