Putnam Retirement Advantage 2065 Y (PCKEX)
| Fund Assets | 3.29M |
| Expense Ratio | 0.55% |
| Min. Investment | $500 |
| Turnover | 33.00% |
| Dividend (ttm) | 0.73 |
| Dividend Yield | 5.16% |
| Dividend Growth | 20.73% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 14.12 |
| YTD Return | 16.01% |
| 1-Year Return | 19.59% |
| 5-Year Return | n/a |
| 52-Week Low | 10.68 |
| 52-Week High | 14.20 |
| Beta (5Y) | n/a |
| Holdings | 4 |
| Inception Date | Dec 30, 2020 |
About PCKEX
Putnam Retirement Advantage 2065 Fund Class Y is a target-date mutual fund designed to help investors save for retirement, with the 2065 date indicating the expected year investors will begin withdrawing assets. The fund aims to achieve capital appreciation and current income through a dynamic asset allocation strategy that gradually shifts over time. Early in its lifecycle, the fund emphasizes growth by investing heavily in equities, and as it approaches the target retirement date, its allocation transitions toward more conservative assets such as bonds and cash equivalents to reduce risk and provide income. This approach, known as a glide path, aligns the investment strategy with the changing risk tolerance of investors as they near retirement. The fund achieves broad diversification by investing in a variety of underlying Putnam mutual funds, providing exposure across multiple asset classes. It is often utilized within defined contribution plans, such as 401(k)s and corporate IRAs, offering a hands-off solution for retirement planning.
Performance
PCKEX had a total return of 19.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.35%.
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Equity P | n/a | 78.23% |
| Putnam Dynamic Asset Allocation Gr P | n/a | 21.48% |
| Putnam Fds Tr | n/a | 0.38% |
| Net Cash | n/a | -0.09% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.728 | Dec 31, 2024 |
| Dec 29, 2023 | $0.603 | Dec 29, 2023 |
| Dec 30, 2022 | $0.476 | Dec 30, 2022 |
| Dec 31, 2021 | $0.687 | Dec 31, 2021 |