Putnam Retirement Advantage 2035 Y (POWYX)
| Fund Assets | 43.63M |
| Expense Ratio | 0.55% |
| Min. Investment | $500 |
| Turnover | 34.00% |
| Dividend (ttm) | 0.70 |
| Dividend Yield | 6.10% |
| Dividend Growth | 57.30% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 11.48 |
| YTD Return | 6.34% |
| 1-Year Return | 10.39% |
| 5-Year Return | n/a |
| 52-Week Low | 9.91 |
| 52-Week High | 11.81 |
| Beta (5Y) | n/a |
| Holdings | 5 |
| Inception Date | Sep 1, 2020 |
About POWYX
Putnam Retirement Advantage 2035 Fund Class Y is a target-date mutual fund tailored for individuals planning to retire around the year 2035. As a diversified fund, it strategically adjusts its asset allocation over time, transitioning from a focus on capital appreciation to an increasing emphasis on income generation as the target date approaches. The fund achieves diversification by investing in a mix of underlying Putnam mutual funds that span domestic and international equities, as well as fixed income securities. As of its latest reported portfolio, about half of its assets are allocated to domestic stocks, with additional exposure to foreign stocks and bonds, fostering broad market coverage. The investment approach is managed actively by an experienced team, with allocations updated quarterly to match the fund’s glide path. With a low expense ratio and a minimum investment threshold, this fund is positioned to meet the evolving risk and return needs of investors progressing toward retirement. Its annual dividend payouts and adaptive strategy make it a notable player in the retirement planning sector, supporting gradual portfolio de-risking as the target date nears.
Performance
POWYX had a total return of 10.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.13%.
Top 10 Holdings
99.94% of assets| Name | Symbol | Weight |
|---|---|---|
| PUTNAM DYNAMIC ASSET ALLOCATION BALANCED FUND - MUTUAL FUND | PVT746444900 | 92.92% |
| PUTNAM SHORT TERM INVESTMENT FUND - MUTUAL FUND | PVT74676A451 | 4.42% |
| PUTNAM MULTI-ASSET INCOME FUND - MUTUAL FUND | PVT99JP16904 | 1.50% |
| PUTNAM DYNAMIC ASSET ALLOCATION CONSERVATIVE FUND - MUTUAL FUND | PVT998145908 | 1.10% |
| PUTNAM DYNAMIC ASSET ALLOCATION GROWTH FUND - MUTUAL FUND | PVT998143903 | 0.00% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.700 | Dec 31, 2024 |
| Dec 29, 2023 | $0.445 | Dec 29, 2023 |
| Dec 30, 2022 | $0.748 | Dec 30, 2022 |
| Dec 31, 2021 | $1.621 | Dec 31, 2021 |
| Dec 31, 2020 | $0.189 | Dec 31, 2020 |