About PDAKX
The Putnam Retirement Advantage 2035 Fund Class R is an actively managed target-date mutual fund designed to help investors prepare for retirement around the year 2035. Primarily structured for individuals with a mid-2030s retirement horizon, this fund dynamically adjusts its asset allocation over time, gradually shifting from a higher concentration in equities toward more conservative fixed-income investments as the target date approaches. This glide path strategy aims to balance growth potential with risk reduction, aligning with the changing risk profile of investors nearing retirement. The fund features diversified holdings across multiple asset classes and sectors, seeking to offer both capital appreciation and risk mitigation. Notably, its portfolio is primarily invested in other Putnam funds, with major allocations to balanced and growth-oriented strategies to support long-term objectives. Managed by Franklin Templeton Investments, the Putnam Retirement Advantage 2035 Fund Class R plays a significant role in retirement planning, particularly within employer-sponsored retirement plans, by offering a professionally managed, all-in-one investment solution tailored to a specific retirement timeframe.
Fund Family Franklin Templeton Investments
Category Target-Date 2035
Performance Rating Above Average
Risk Rating Low
Stock Exchange Nasdaq
Ticker Symbol PDAKX
Share Class Class R Shares
Index S&P Target Date To 2035 TR
PDAKX had a total return of 8.59% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.88%.
