Putnam Retirement Advantage 2030 C (PDLKX)

Fund Assets	38.84M
Expense Ratio	1.55%
Min. Investment	$500
Turnover	33.00%
Dividend (ttm)	0.46
Dividend Yield	4.12%
Dividend Growth	96.15%
Payout Frequency	Annual
Ex-Dividend Date	Dec 31, 2024

Previous Close	11.14
YTD Return	8.48%
1-Year Return	8.16%
5-Year Return	n/a
52-Week Low	9.75
52-Week High	11.16
Beta (5Y)	n/a
Holdings	4
Inception Date	Sep 1, 2020

About PDLKX

Putnam Retirement Advantage 2030 Fund Class C is a target-date mutual fund designed to help investors save for retirement with an anticipated retirement date around 2030. The fund dynamically adjusts its asset allocation over time, gradually shifting from a higher emphasis on capital appreciation through equities toward a more conservative mix favoring income-generating and fixed-income investments as the target year approaches. This adaptive strategy supports investors in managing risk as retirement nears while seeking growth in earlier years. Notable features include active management across multiple asset classes, including stocks and bonds, and a diversified approach tailored to long-term retirement objectives. The fund is recognized for consolidating a variety of underlying Putnam strategies, such as dynamic asset allocation portfolios and multi-asset income holdings, to provide balanced exposure and stability. Classified as a large blend fund within the Target-Date 2030 category, Putnam Retirement Advantage 2030 Fund plays an important role for individuals looking for automated, professionally managed retirement solutions with a built-in risk reduction framework over time.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2030
• Stock Exchange: NASDAQ
• Ticker Symbol: PDLKX
• Share Class: Class C Shares
• Index: S&P Target Date To 2030 TR

Performance

PDLKX had a total return of 8.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.69%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PDIZX	Class R6 Shares	0.45%
PDGKX	Class Y Shares	0.55%
PDLTX	Class A Shares	0.80%
PDKAX	Class R Shares	1.20%

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	$0.459	Dec 31, 2024
Dec 29, 2023	$0.234	Dec 29, 2023
Dec 30, 2022	$0.593	Dec 30, 2022
Dec 31, 2021	$1.308	Dec 31, 2021
Dec 31, 2020	$0.102	Dec 31, 2020