Putnam Retirement Advantage 2030 Y (PDGKX)
| Fund Assets | 38.84M |
| Expense Ratio | 0.55% |
| Min. Investment | $500 |
| Turnover | 33.00% |
| Dividend (ttm) | 0.51 |
| Dividend Yield | 4.45% |
| Dividend Growth | 64.08% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 11.41 |
| YTD Return | 9.20% |
| 1-Year Return | 9.17% |
| 5-Year Return | n/a |
| 52-Week Low | 9.94 |
| 52-Week High | 11.43 |
| Beta (5Y) | n/a |
| Holdings | 4 |
| Inception Date | Sep 1, 2020 |
About PDGKX
Putnam Retirement Advantage 2030 Fund Class Y is a target-date mutual fund designed to align its asset allocation strategy with the anticipated retirement timeline of investors targeting the year 2030. Its primary function is to seek both capital appreciation and current income, with an investment approach that gradually shifts focus from growth-oriented assets to income-generating assets as the target date approaches. The fund dynamically reallocates its portfolio at the end of each quarter to reflect a decreasing emphasis on capital appreciation and an increasing emphasis on current income, following a predetermined glide path managed by Putnam’s investment team. Notably, the fund predominantly invests in a combination of underlying Putnam funds, with the largest allocations to the Putnam Dynamic Asset Allocation Conservative Fund, Balanced Fund, and Multi-Asset Income Fund. This structure enables broad diversification across equities, fixed income, and other asset classes, tailored to the specific needs and risk profile of investors nearing retirement. With a moderate expense ratio and an annual payout frequency, Putnam Retirement Advantage 2030 Fund Class Y plays a significant role for investors seeking a simplified, professionally managed solution to retirement planning as they approach their expected retirement date.
Performance
PDGKX had a total return of 9.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.46%.
Top 10 Holdings
99.94% of assets| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Conservative Fund, Class P | n/a | 50.39% |
| Putnam Dynamic Asset Allocation Balanced Fund, Class P | n/a | 26.99% |
| Putnam Multi-Asset Income Fund, Class P | n/a | 16.75% |
| Putnam Short Term Investment Fund, Class P | n/a | 5.81% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.507 | Dec 31, 2024 |
| Dec 29, 2023 | $0.309 | Dec 29, 2023 |
| Dec 30, 2022 | $0.671 | Dec 30, 2022 |
| Dec 31, 2021 | $1.362 | Dec 31, 2021 |
| Dec 31, 2020 | $0.137 | Dec 31, 2020 |