Putnam Retirement Advantage 2050 R5 (PAHDX)

Fund Assets	26.65M
Expense Ratio	0.55%
Min. Investment	$500
Turnover	21.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	n/a

Previous Close	13.44
YTD Return	19.15%
1-Year Return	15.09%
5-Year Return	76.54%
52-Week Low	10.04
52-Week High	13.44
Beta (5Y)	n/a
Holdings	4
Inception Date	Sep 1, 2020

About PAHDX

Putnam Retirement Advantage 2050 Fund Class R5 Shares is a target-date mutual fund created to support individuals aiming to retire around the year 2050. Its primary function is to provide a diversified investment strategy that adapts over time, initially prioritizing capital growth through exposure to a broad range of equity and growth-oriented assets. As the designated retirement year approaches, the fund gradually adjusts its allocation mix, shifting toward more conservative, income-generating securities to prioritize capital preservation and income stability for near-retirees. The fund achieves this dynamic allocation by investing in a variety of underlying Putnam mutual funds, thereby ensuring diversification across asset classes such as equities and fixed income. This structure is particularly suitable for investors seeking a set-it-and-forget-it solution within their retirement planning, offering automatic professional management that aligns risk and return to a long-term retirement horizon. As part of the target-date fund category, it plays a significant role in employer-sponsored retirement plans and individual retirement portfolios by simplifying complex asset allocation decisions and providing ongoing risk management as retirement draws near.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2050
• Performance Rating: High
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: PAHDX
• Share Class: Class R5 Shares
• Index: S&P Target Date To 2050 TR

Performance

PAHDX had a total return of 15.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.96%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PAEKX	Class R6 Shares	0.45%
PHPDX	Class Y Shares	0.55%
PAEZX	Class A Shares	0.80%
PAEQX	Class R Shares	1.20%

Top Holdings

Name	Symbol	Weight
Putnam Dynamic Asset Allocation Gr P	n/a	86.58%
Putnam Dynamic Asset Allocation Equity P	n/a	12.20%
Putnam Fds Tr	n/a	1.17%
Cash And Equivalents	n/a	0.06%