Putnam Retirement Advantage Plus 2050 R (PRRKX)
| Fund Assets | 247.53M |
| Expense Ratio | 1.35% |
| Min. Investment | $500 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 1.10% |
| Dividend Growth | 19.68% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 24.14 |
| YTD Return | 5.62% |
| 1-Year Return | 12.47% |
| 5-Year Return | 42.46% |
| 52-Week Low | 21.21 |
| 52-Week High | 24.38 |
| Beta (5Y) | 0.82 |
| Holdings | 6 |
| Inception Date | May 2, 2005 |
About PRRKX
Putnam Sustainable Retirement 2050 Fund - Class R is a target-date mutual fund aimed at investors planning to retire around the year 2050. Its primary function is to provide a diversified investment solution by allocating assets among a range of underlying funds, with a focus on sustainable investing practices. The fund dynamically shifts its asset allocation over time, starting with a greater emphasis on growth-oriented investments such as equities and gradually increasing its focus on capital preservation and income as the retirement date approaches. Putnam Sustainable Retirement 2050 Fund - Class R seeks to balance capital appreciation with risk management, adjusting its portfolio in accordance with a predetermined glide path that reflects the changing needs of investors as they near retirement. The fund is actively managed by a team of experienced portfolio managers and leverages sustainability criteria in its investment decisions, making it a notable option for individuals who want their retirement savings aligned with environmental, social, and governance (ESG) considerations. This fund plays a significant role in the retirement fund market, serving as a turnkey investment vehicle for long-term retirement planning within employer-sponsored plans and for individual investors focused on sustainable outcomes.
Performance
PRRKX had a total return of 12.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.88%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Gr P | n/a | 70.83% |
| Putnam Dynamic Asset Allocation Equity P | n/a | 24.84% |
| Franklin BSP Lending Fund | FBREX | 1.56% |
| Clarion Partners Real Estate Income Fund Inc. | CPREX | 1.55% |
| Putnam Fds Tr | n/a | 1.20% |
| Cash And Equivalents | n/a | 0.03% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.2645 | Dec 30, 2025 |
| Dec 31, 2024 | $0.221 | Dec 31, 2024 |
| Dec 29, 2023 | $0.080 | Dec 29, 2023 |
| Dec 30, 2022 | $1.991 | Dec 30, 2022 |
| Dec 31, 2021 | $2.140 | Dec 31, 2021 |
| Dec 31, 2020 | $0.208 | Dec 31, 2020 |