Putnam Retirement Advantage 2065 C (PCKBX)

Fund Assets	3.53M
Expense Ratio	1.55%
Min. Investment	$500
Turnover	33.00%
Dividend (ttm)	0.87
Dividend Yield	6.33%
Dividend Growth	38.40%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	13.80
YTD Return	2.45%
1-Year Return	17.88%
5-Year Return	66.96%
52-Week Low	9.86
52-Week High	14.00
Beta (5Y)	n/a
Holdings	4
Inception Date	Dec 30, 2020

About PCKBX

The Putnam Retirement Advantage 2065 Fund Class C is a target-date mutual fund designed to help investors save for retirement with an anticipated retirement date of 2065. As an allocation fund, it actively manages a diversified portfolio that shifts its asset allocation over time, gradually increasing exposure to more conservative investments as the target retirement year approaches. This strategy aims to balance growth potential during early investing years with capital preservation later on. Managed by Putnam Investments, the fund incorporates a mix of equity, fixed income, and possibly alternative assets, making it suitable for long-term retirement planning. The fund is particularly relevant for individuals who expect to retire around 2065, offering a professionally managed, "set-it-and-forget-it" approach that automatically adjusts to an investor’s evolving risk tolerance as they age. Launched in 2020, it reflects modern retirement planning trends by providing exposure across sectors and global markets and plays a significant role in facilitating retirement readiness for younger investors.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2065+
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PCKBX
• Share Class: Class C
• Index: S&P Target Date To 2065+ TR USD

Performance

PCKBX had a total return of 17.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 17.79%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PCKJX	Class R6	0.45%
PCKEX	Class Y	0.55%
PCKIX	Class R5	0.55%
PCKHX	Class R4	0.70%

Top Holdings

Name	Symbol	Weight
Putnam Dynamic Asset Allocation Equity P	n/a	78.02%
Putnam Dynamic Asset Allocation Gr P	n/a	21.50%
Putnam Fds Tr	n/a	0.34%
Cash And Equivalents	n/a	0.15%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.8747	Dec 30, 2025
Dec 31, 2024	$0.632	Dec 31, 2024
Dec 29, 2023	$0.549	Dec 29, 2023
Dec 30, 2022	$0.436	Dec 30, 2022
Dec 31, 2021	$0.571	Dec 31, 2021