Putnam Retirement Advantage 2050 Y (PHPDX)

Fund Assets	26.65M
Expense Ratio	0.55%
Min. Investment	$500
Turnover	21.00%
Dividend (ttm)	1.21
Dividend Yield	9.70%
Dividend Growth	81.38%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	12.47
YTD Return	2.46%
1-Year Return	16.59%
5-Year Return	65.36%
52-Week Low	9.13
52-Week High	12.61
Beta (5Y)	n/a
Holdings	3
Inception Date	Sep 1, 2020

About PHPDX

Putnam Retirement Advantage 2050 Fund Class Y is a target-date mutual fund designed primarily for investors who plan to retire around the year 2050. The fund aims to provide long-term growth by dynamically adjusting its asset allocation, emphasizing higher equity exposure in its early years and gradually shifting toward fixed income and more conservative assets as the target date approaches. Its portfolio is predominantly invested in other Putnam funds, with significant allocations to growth-oriented strategies through underlying equity and dynamic asset allocation funds. This structure allows for broad diversification across asset classes while maintaining a risk profile suited to long-horizon retirement savers. The fund is notable for its relatively low expense ratio compared to similar offerings, helping to minimize costs for investors. As part of the target-date category, it plays a key role in retirement planning by automating the investment process and progressively reducing risk as participants near retirement age, making it a common choice within employer-sponsored retirement plans.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2050
• Performance Rating: High
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: PHPDX
• Share Class: Class Y Shares
• Index: S&P Target Date To 2050 TR

Performance

PHPDX had a total return of 16.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 22.93%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PAEKX	Class R6 Shares	0.45%
PAHDX	Class R5 Shares	0.55%
PAEZX	Class A Shares	0.80%
PAEQX	Class R Shares	1.20%

Top Holdings

99.90% of assets

Name	Symbol	Weight
Putnam Dynamic Asset Allocation Growth Fund, Class P	n/a	85.57%
Putnam Dynamic Asset Allocation Equity Fund, Class P	n/a	13.27%
Putnam Short Term Investment Fund, Class P	n/a	1.06%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$1.2116	Dec 30, 2025
Dec 31, 2024	$0.668	Dec 31, 2024
Dec 29, 2023	$0.523	Dec 29, 2023
Dec 30, 2022	$0.952	Dec 30, 2022
Dec 31, 2021	$2.007	Dec 31, 2021
Dec 31, 2020	$0.243	Dec 31, 2020