Putnam Retirement Advantage 2040 A (PCCLX)

Fund Assets	39.81M
Expense Ratio	0.80%
Min. Investment	$500
Turnover	29.00%
Dividend (ttm)	0.78
Dividend Yield	5.86%
Dividend Growth	136.89%
Payout Frequency	Annual
Ex-Dividend Date	Dec 31, 2024

Previous Close	13.23
YTD Return	22.69%
1-Year Return	18.73%
5-Year Return	70.89%
52-Week Low	9.80
52-Week High	13.25
Beta (5Y)	0.81
Holdings	3
Inception Date	Sep 1, 2020

About PCCLX

Putnam Retirement Advantage 2040 Fund Class A is a target-date mutual fund designed to support long-term retirement planning for investors anticipating retirement around the year 2040. The fund employs a diversified investment approach by allocating its assets among a range of underlying Putnam mutual funds, which span multiple asset classes including equities, fixed income, and alternative investments. This structure aims to balance growth potential with risk management, automatically adjusting its asset allocation over time—transitioning from a more aggressive growth-oriented mix to a more conservative profile as the target date approaches. The fund's ongoing management focuses on capturing competitive long-term risk-adjusted returns, which has contributed to its recognition for strong performance in this area. The Putnam Retirement Advantage 2040 Fund plays a significant role in the retirement investment landscape by offering a professionally managed, age-appropriate portfolio solution tailored for individuals seeking a simplified strategy to accumulate and preserve assets for retirement.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2040
• Stock Exchange: NASDAQ
• Ticker Symbol: PCCLX
• Share Class: Class A Shares
• Index: S&P Target Date To 2040 TR

Performance

PCCLX had a total return of 18.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 19.89%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PBAMX	Class R6 Shares	0.45%
PALZX	Class Y Shares	0.55%
PBAOX	Class R Shares	1.20%
PBBZX	Class C Shares	1.55%

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	$0.777	Dec 31, 2024
Dec 29, 2023	$0.328	Dec 29, 2023
Dec 30, 2022	$1.075	Dec 30, 2022
Dec 31, 2021	$1.634	Dec 31, 2021
Dec 31, 2020	$0.191	Dec 31, 2020