Putnam Retirement Advantage 2060 Y (PAKJX)
| Fund Assets | 11.80M |
| Expense Ratio | 0.55% |
| Min. Investment | $500 |
| Turnover | 19.00% |
| Dividend (ttm) | 0.63 |
| Dividend Yield | 4.93% |
| Dividend Growth | -26.40% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 12.91 |
| YTD Return | 8.81% |
| 1-Year Return | 12.64% |
| 5-Year Return | n/a |
| 52-Week Low | 10.35 |
| 52-Week High | 12.93 |
| Beta (5Y) | n/a |
| Holdings | 3 |
| Inception Date | Sep 1, 2020 |
About PAKJX
Putnam Retirement Advantage 2060 Fund Class Y is a target-date mutual fund designed primarily for investors planning to retire around the year 2060. Its main objective is to achieve long-term capital appreciation and provide current income, with an investment strategy that gradually shifts from higher-risk, growth-oriented assets to more income-focused and conservative holdings as the target retirement date approaches. The fund uses a diversified allocation, primarily investing in Putnam’s own dynamic asset allocation portfolios, which include a broad mix of equities and fixed income securities. This glide path approach is periodically rebalanced to match the evolving risk profile suitable for investors as they age. The fund places special emphasis on risk management, as evidenced by its low carbon risk exposure and a structure designed to address longevity and inflation concerns over multiple decades. Putnam Retirement Advantage 2060 Fund Class Y is commonly utilized within retirement plans such as 401(k)s, providing a convenient, all-in-one investment solution for individuals seeking a professionally managed portfolio aligned with their anticipated retirement timeline.
Performance
PAKJX had a total return of 12.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.00%.
Top 10 Holdings
99.93% of assets| Name | Symbol | Weight |
|---|---|---|
| PUTNAM DYNAMIC ASSET ALLOCATION EQUITY FUND - MUTUAL FUND | PVT99AF81909 | 62.66% |
| PUTNAM DYNAMIC ASSET ALLOCATION GROWTH FUND - MUTUAL FUND | PVT998143903 | 36.77% |
| PUTNAM SHORT TERM INVESTMENT FUND - MUTUAL FUND | PVT74676A451 | 0.50% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.633 | Dec 31, 2024 |
| Dec 29, 2023 | $0.860 | Dec 29, 2023 |
| Dec 30, 2022 | $0.598 | Dec 30, 2022 |
| Dec 31, 2021 | $2.448 | Dec 31, 2021 |
| Dec 31, 2020 | $0.136 | Dec 31, 2020 |