Putnam Retirement Advantage Plus 2030 Fund Class Y (PRRTX)
| Fund Assets | 439.43M |
| Expense Ratio | 0.60% |
| Min. Investment | $500 |
| Turnover | 18.00% |
| Dividend (ttm) | 0.57 |
| Dividend Yield | 2.18% |
| Dividend Growth | -11.44% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 26.07 |
| YTD Return | -1.70% |
| 1-Year Return | 7.44% |
| 5-Year Return | 26.26% |
| 52-Week Low | 23.46 |
| 52-Week High | 27.24 |
| Beta (5Y) | n/a |
| Holdings | 7 |
| Inception Date | Nov 1, 2004 |
About PRRTX
Putnam Sustainable Retirement 2030 Fund Class Y is an actively managed target-date mutual fund designed to help investors prepare for retirement around the year 2030. The fund’s primary purpose is to provide a diversified, gradually evolving portfolio that balances capital appreciation and income, with a glide path that shifts from growth-oriented assets to more conservative, income-generating investments as the target retirement date approaches. Notably, the fund emphasizes sustainability by investing mainly in underlying exchange-traded funds (ETFs) that focus on positive environmental, social, and governance (ESG) characteristics. The fund’s holdings are largely allocated among Putnam-branded ETFs specializing in ESG core bonds, sustainable equity strategies, and high-yield investments, reflecting its dual mandate for responsible investing and long-term financial security. This structure makes it particularly relevant for individuals seeking retirement solutions that align with sustainability values while aiming to manage risk through life-stage-based asset allocation. The fund is open-ended, suitable for institutional investors given its share class, and is regularly rebalanced to maintain its risk-reduction trajectory as the 2030 milestone draws closer.
Performance
PRRTX had a total return of 7.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.30%.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Cnsrv P | n/a | 38.53% |
| Putnam Dynamic Asset Allocation Bal P | n/a | 24.04% |
| Putnam Multi-Asset Income P | n/a | 21.67% |
| Putnam Fds Tr | n/a | 5.87% |
| Franklin BSP Lending Fund | FBREX | 3.90% |
| Clarion Partners Real Estate Income Fund Inc. | CPREX | 3.89% |
| Cash And Equivalents | n/a | 2.10% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.5677 | Dec 30, 2025 |
| Dec 31, 2024 | $0.641 | Dec 31, 2024 |
| Dec 29, 2023 | $0.642 | Dec 29, 2023 |
| Dec 30, 2022 | $2.294 | Dec 30, 2022 |
| Dec 31, 2021 | $2.162 | Dec 31, 2021 |
| Dec 31, 2020 | $0.403 | Dec 31, 2020 |