Putnam Retirement Advantage 2040 C (PBBZX)
| Fund Assets | 39.81M |
| Expense Ratio | 1.55% |
| Min. Investment | $500 |
| Turnover | 29.00% |
| Dividend (ttm) | 0.73 |
| Dividend Yield | 5.88% |
| Dividend Growth | 185.83% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 12.35 |
| YTD Return | 14.86% |
| 1-Year Return | 11.03% |
| 5-Year Return | 55.11% |
| 52-Week Low | 9.76 |
| 52-Week High | 12.37 |
| Beta (5Y) | n/a |
| Holdings | 3 |
| Inception Date | Sep 1, 2020 |
About PBBZX
Putnam Retirement Advantage 2040 Fund Class C is a target-date mutual fund designed for investors planning to retire around the year 2040. The fund's primary objective is to provide long-term growth of capital by dynamically adjusting its asset allocation over time. Early in its lifecycle, the fund emphasizes growth through a higher allocation to equities. As the target retirement year approaches, its portfolio gradually shifts toward a more conservative mix, increasing allocation to fixed income and capital preservation assets to reduce risk. The strategy involves investing in a variety of underlying Putnam mutual funds, which enables broad diversification across multiple asset classes, sectors, and geographic regions. This approach is intended to help investors efficiently manage risk and return over the decades leading up to retirement. Notably, the fund distributes dividends and has demonstrated a competitive trailing yield relative to peers. Putnam Retirement Advantage 2040 Fund Class C is commonly used within employer-sponsored retirement plans as a core option for participants seeking an all-in-one retirement savings solution that automatically adapts to their anticipated retirement timeline.
Performance
PBBZX had a total return of 11.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.99%.
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 | $0.726 | Dec 31, 2024 |
| Dec 29, 2023 | $0.254 | Dec 29, 2023 |
| Dec 30, 2022 | $1.000 | Dec 30, 2022 |
| Dec 31, 2021 | $1.539 | Dec 31, 2021 |
| Dec 31, 2020 | $0.157 | Dec 31, 2020 |