Putnam Retirement Advantage 2030 R6 (PDIZX)
| Fund Assets | 38.84M |
| Expense Ratio | 0.45% |
| Min. Investment | $500 |
| Turnover | 33.00% |
| Dividend (ttm) | 0.51 |
| Dividend Yield | 4.49% |
| Dividend Growth | 61.01% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 11.42 |
| YTD Return | 9.40% |
| 1-Year Return | 9.31% |
| 5-Year Return | 45.89% |
| 52-Week Low | 9.95 |
| 52-Week High | 11.44 |
| Beta (5Y) | n/a |
| Holdings | 4 |
| Inception Date | Dec 31, 2019 |
About PDIZX
Putnam Retirement Advantage 2030 Fund Class R6 is a target-date mutual fund designed to help investors prepare for retirement around the year 2030. Its primary function is to provide a diversified investment portfolio that automatically evolves over time, shifting from a greater emphasis on capital appreciation in earlier years to a higher focus on income generation and capital preservation as the target date approaches. The fund achieves this by allocating assets among a variety of underlying Putnam mutual funds, which may include both equity and fixed-income investments, thus offering broad asset class diversification. This structure aims to help manage risk and optimize returns for investors as they near retirement. The fund is notable for its relatively low expense ratio compared to peers and features a glide path to adjust its risk profile in line with the changing needs of future retirees. It plays a crucial role for individuals and retirement plans seeking an all-in-one investment solution tailored to a specific retirement timeline, simplifying asset allocation decisions while aligning with a long-term retirement objective.
Performance
PDIZX had a total return of 9.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.47%.
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 | $0.512 | Dec 31, 2024 |
| Dec 29, 2023 | $0.318 | Dec 29, 2023 |
| Dec 30, 2022 | $0.680 | Dec 30, 2022 |
| Dec 31, 2021 | $1.374 | Dec 31, 2021 |
| Dec 31, 2020 | $0.141 | Dec 31, 2020 |