Putnam Retirement Advantage 2045 A (PALGX)
| Fund Assets | 26.84M |
| Expense Ratio | 0.80% |
| Min. Investment | $500 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 4.47% |
| Dividend Growth | 139.84% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 12.97 |
| YTD Return | 13.68% |
| 1-Year Return | 15.85% |
| 5-Year Return | n/a |
| 52-Week Low | 10.23 |
| 52-Week High | 13.02 |
| Beta (5Y) | 0.85 |
| Holdings | 3 |
| Inception Date | Sep 1, 2020 |
About PALGX
Putnam Retirement Advantage 2045 Fund Class A is a target-date mutual fund designed primarily for individuals planning to retire around the year 2045. The fund's core objective is to provide both capital appreciation and current income by dynamically adjusting its asset allocation strategy as the target retirement date approaches. Initially, the fund focuses on growth by investing heavily in equities, and over time, it gradually shifts toward a more conservative mix with an increased proportion of fixed income and income-generating assets. This glide path approach aims to balance long-term growth potential with risk reduction closer to retirement. The fund invests through a diversified portfolio of underlying Putnam mutual funds, giving exposure to various asset classes and sectors. This structure enables broad diversification and risk management throughout different market environments. Putnam Retirement Advantage 2045 Fund Class A is commonly used as a core holding in employer-sponsored retirement plans or IRAs, serving individuals seeking a professionally managed solution that automatically adapts to their changing investment needs over a multi-decade horizon. The fund is backed by Franklin Templeton Investments and emphasizes long-term planning for future retirees.
Performance
PALGX had a total return of 15.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.67%.
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 | $0.614 | Dec 31, 2024 |
| Dec 29, 2023 | $0.256 | Dec 29, 2023 |
| Dec 30, 2022 | $1.024 | Dec 30, 2022 |
| Dec 31, 2021 | $1.768 | Dec 31, 2021 |
| Dec 31, 2020 | $0.137 | Dec 31, 2020 |