Putnam Retirement Advantage Plus 2035 Fund Class Y (PRRYX)
| Fund Assets | 376.22M |
| Expense Ratio | 0.60% |
| Min. Investment | $500 |
| Turnover | 22.00% |
| Dividend (ttm) | 0.56 |
| Dividend Yield | 1.87% |
| Dividend Growth | -1.84% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 29.73 |
| YTD Return | -2.97% |
| 1-Year Return | 9.03% |
| 5-Year Return | 32.02% |
| 52-Week Low | 25.68 |
| 52-Week High | 31.46 |
| Beta (5Y) | 0.61 |
| Holdings | 6 |
| Inception Date | Nov 1, 2004 |
About PRRYX
Putnam Sustainable Retirement 2035 Fund Class Y is a target-date mutual fund designed to help investors prepare for retirement around the year 2035. The fund follows a preset glide path, gradually shifting its asset allocation from growth-focused investments toward more conservative holdings as the target retirement date approaches. Its primary function is to offer a diversified, professionally managed portfolio that automatically adjusts risk over time for individuals planning to retire near 2035. A defining characteristic of this fund is its commitment to sustainability. The underlying holdings are primarily Putnam-branded exchange-traded funds (ETFs) that emphasize environmental, social, and governance (ESG) criteria. Major portfolio positions include large allocations to Putnam Sustainable Leaders ETF, Putnam ESG Core Bond ETF, and Putnam Sustainable Future ETF, reflecting a balanced mix of equities and fixed income with a strong ESG orientation. The fund typically invests almost all of its assets in these top ten holdings, signaling a focused, streamlined approach. Putnam Sustainable Retirement 2035 Fund Class Y plays a significant role for investors seeking not just a target-date solution but also alignment with sustainability principles, making it particularly relevant for those prioritizing responsible investment choices for retirement portfolios.
Performance
PRRYX had a total return of 9.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.51%.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Bal P | n/a | 77.98% |
| Putnam Dynamic Asset Allocation Gr P | n/a | 7.97% |
| Putnam Fds Tr | n/a | 4.62% |
| Franklin BSP Lending Fund | FBREX | 3.92% |
| Clarion Partners Real Estate Income Fund Inc. | CPREX | 3.91% |
| Cash And Equivalents | n/a | 1.60% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.5556 | Dec 30, 2025 |
| Dec 31, 2024 | $0.566 | Dec 31, 2024 |
| Dec 29, 2023 | $0.550 | Dec 29, 2023 |
| Dec 30, 2022 | $2.449 | Dec 30, 2022 |
| Dec 31, 2021 | $2.759 | Dec 31, 2021 |
| Dec 31, 2020 | $0.298 | Dec 31, 2020 |