Putnam Retirement Advantage 2045 R (PAFZX)

Fund Assets	11.02M
Expense Ratio	1.20%
Min. Investment	$500
Turnover	n/a
Dividend (ttm)	0.61
Dividend Yield	5.42%
Dividend Growth	183.18%
Payout Frequency	Annual
Ex-Dividend Date	Dec 31, 2024

Previous Close	11.47
YTD Return	-1.67%
1-Year Return	9.30%
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 PAFZX

PAFZX was founded on 2020-09-01. The Fund's investment strategy focuses on Growth with 1.2% total expense ratio. The minimum amount to invest in Putnam Retirement Advantage 2045 Fund Class R Shares is $500 on a standard taxable account. Putnam Retirement Advantage 2045 Fund Class R 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: PAFZX
• Share Class: Class R Shares
• Index: S&P Target Date To 2045 TR

Performance

PAFZX had a total return of 9.30% in the past year. Since the fund's inception, the average annual return has been 9.06%, 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%
PAFJX	Class Y Shares	0.55%
PALGX	Class A Shares	0.80%
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	$0.606	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