Putnam Retirement Advantage 2030 R (PDKAX)
| Fund Assets | 38.84M |
| Expense Ratio | 1.20% |
| Min. Investment | $500 |
| Turnover | 33.00% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 3.81% |
| Dividend Growth | 74.60% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 11.36 |
| YTD Return | 8.82% |
| 1-Year Return | 8.55% |
| 5-Year Return | n/a |
| 52-Week Low | 9.92 |
| 52-Week High | 11.38 |
| Beta (5Y) | n/a |
| Holdings | 4 |
| Inception Date | Sep 1, 2020 |
About PDKAX
Putnam Retirement Advantage 2030 Fund Class R is a target-date mutual fund designed primarily for investors planning to retire around the year 2030. The fund’s central objective is to maximize returns while progressively reducing investment risk as the retirement date approaches. It achieves this through a dynamic asset allocation strategy known as a "glide path," which gradually shifts from a higher proportion of equities in the early years to a greater emphasis on fixed income and cash investments as the target retirement date nears. This approach is intended to capture growth during the accumulation phase and transition toward preservation of capital closer to and throughout retirement. The fund is managed by Putnam’s in-house asset allocation team, which employs tactical allocation and security selection methods to optimize portfolio performance and limit unintended risk exposure. Key portfolio managers have extensive experience in overseeing retirement-focused strategies. The Putnam Retirement Advantage 2030 Fund Class R plays a significant role in workplace retirement plans and defined contribution accounts, serving as a comprehensive investment solution for individuals seeking a professionally managed portfolio suited to their projected retirement timeline.
Performance
PDKAX had a total return of 8.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.79%.
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 | $0.433 | Dec 31, 2024 |
| Dec 29, 2023 | $0.248 | Dec 29, 2023 |
| Dec 30, 2022 | $0.607 | Dec 30, 2022 |
| Dec 31, 2021 | $1.285 | Dec 31, 2021 |
| Dec 31, 2020 | $0.115 | Dec 31, 2020 |