Putnam Retirement Advantage 2065 R (PCKFX)

Fund Assets	3.53M
Expense Ratio	1.20%
Min. Investment	$500
Turnover	33.00%
Dividend (ttm)	0.93
Dividend Yield	6.64%
Dividend Growth	41.45%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	13.95
YTD Return	2.50%
1-Year Return	17.07%
5-Year Return	69.71%
52-Week Low	9.93
52-Week High	14.14
Beta (5Y)	n/a
Holdings	4
Inception Date	Dec 30, 2020

About PCKFX

Putnam Retirement Advantage 2065 Fund Class R is an open-end mutual fund designed as a target-date retirement solution. Its primary purpose is to help investors prepare for retirement around the year 2065 by offering a diversified investment approach that seeks to balance risk and return as the target date approaches. The fund achieves this through a dynamic allocation strategy, initially emphasizing higher exposure to equities for growth, and gradually shifting toward more conservative assets such as bonds as the retirement date nears. This approach aims to maximize returns in the early years and reduce volatility closer to retirement, aligning with the changing risk tolerance of long-term investors. Notably, the fund consolidates its holdings through underlying mutual funds, primarily focusing on stocks with minimal allocations to other asset classes. The Putnam Retirement Advantage 2065 Fund Class R is particularly significant for individuals or employers seeking a streamlined, professionally managed investment option within retirement plans, playing a vital role in the evolving landscape of retirement-focused investment solutions.

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

Performance

PCKFX had a total return of 17.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 18.34%.

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	$0.9265	Dec 30, 2025
Dec 31, 2024	$0.655	Dec 31, 2024
Dec 29, 2023	$0.555	Dec 29, 2023
Dec 30, 2022	$0.436	Dec 30, 2022
Dec 31, 2021	$0.610	Dec 31, 2021