Putnam Retirement Advantage 2040 Y (PALZX)
| Fund Assets | 39.81M |
| Expense Ratio | 0.55% |
| Min. Investment | $500 |
| Turnover | 29.00% |
| Dividend (ttm) | 0.80 |
| Dividend Yield | 6.42% |
| Dividend Growth | 138.69% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 12.45 |
| YTD Return | 15.04% |
| 1-Year Return | 16.76% |
| 5-Year Return | 76.21% |
| 52-Week Low | 9.84 |
| 52-Week High | 12.55 |
| Beta (5Y) | n/a |
| Holdings | 3 |
| Inception Date | Sep 1, 2020 |
About PALZX
Putnam Retirement Advantage 2040 Fund Class Y is a target-date mutual fund designed to help investors plan for retirement around the year 2040. The fund employs a diversified investment strategy that automatically adjusts its asset allocation over time, shifting from a heavier weighting in equities during the early years to a more conservative mix focused on fixed income as the target retirement date approaches. This approach aims to balance long-term growth potential with risk management, addressing the evolving needs of investors as they near retirement. Distinctive features of this fund include its dynamic allocation across both domestic and international equity and fixed-income securities, gradually reducing equity exposure as the year 2040 draws closer. The fixed-income portion of the portfolio is managed to reduce interest rate risk, featuring a shorter average duration compared to its category peers. As a result, the fund is especially suited for individuals seeking a structured, professionally managed investment path to retirement, offering a blend of growth opportunity and capital preservation appropriate for a target-date strategy. The fund is managed by Putnam Investments, leveraging their experience in retirement planning solutions.
Performance
PALZX had a total return of 16.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.22%.
Top 10 Holdings
99.95% of assets| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Balanced Fund, Class P | n/a | 49.26% |
| Putnam Dynamic Asset Allocation Growth Fund, Class P | n/a | 47.34% |
| Putnam Short Term Investment Fund, Class P | n/a | 3.35% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.802 | Dec 31, 2024 |
| Dec 29, 2023 | $0.336 | Dec 29, 2023 |
| Dec 30, 2022 | $1.093 | Dec 30, 2022 |
| Dec 31, 2021 | $1.661 | Dec 31, 2021 |
| Dec 31, 2020 | $0.193 | Dec 31, 2020 |