Putnam Retirement Advantage 2040 Fund Class R6 Shares (PBAMX)
| Fund Assets | 39.81M |
| Expense Ratio | 0.45% |
| Min. Investment | $500 |
| Turnover | 29.00% |
| Dividend (ttm) | 1.31 |
| Dividend Yield | 11.30% |
| Dividend Growth | 61.64% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 11.55 |
| YTD Return | 1.85% |
| 1-Year Return | 15.43% |
| 5-Year Return | 56.15% |
| 52-Week Low | 8.85 |
| 52-Week High | 11.66 |
| Beta (5Y) | n/a |
| Holdings | 3 |
| Inception Date | Dec 31, 2019 |
About PBAMX
Putnam Retirement Advantage 2040 Fund is a target-date mutual fund designed to help investors plan for retirement, with the year 2040 as its designated target date. Its primary function is to provide a diversified investment solution that automatically adjusts its asset allocation over time: initially emphasizing capital appreciation through a higher allocation to growth-oriented assets and progressively shifting toward income and capital preservation as the target date approaches. The fund primarily invests in a combination of underlying Putnam funds, notably those focused on growth and balanced strategies, thereby offering exposure to a broad mix of asset classes. This glide path structure aims to balance growth potential in earlier years with risk management in later years, making it especially suited for individuals anticipating retirement around 2040. The fund plays a significant role within employer-sponsored retirement plans and individual retirement accounts by offering a simplified, professionally managed investment choice tailored to evolving risk profiles throughout the investor’s career and into retirement.
Performance
PBAMX had a total return of 15.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 20.24%.
Top 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 30, 2025 | $1.3077 | Dec 30, 2025 |
| Dec 31, 2024 | $0.809 | Dec 31, 2024 |
| Dec 29, 2023 | $0.342 | Dec 29, 2023 |
| Dec 30, 2022 | $1.103 | Dec 30, 2022 |
| Dec 31, 2021 | $1.674 | Dec 31, 2021 |
| Dec 31, 2020 | $0.196 | Dec 31, 2020 |