Putnam Retirement Advantage Plus 2040 Fund Class A (PRRZX)
| Fund Assets | 395.86M |
| Expense Ratio | 0.85% |
| Min. Investment | $500 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 1.99% |
| Dividend Growth | 20.09% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 26.04 |
| YTD Return | 4.92% |
| 1-Year Return | 11.17% |
| 5-Year Return | 39.39% |
| 52-Week Low | 23.34 |
| 52-Week High | 26.23 |
| Beta (5Y) | 0.67 |
| Holdings | 6 |
| Inception Date | Nov 1, 2004 |
About PRRZX
Putnam Sustainable Retirement 2040 Fund Class A is a target-date mutual fund designed for investors planning to begin gradual withdrawals around the year 2040, typically aligning with anticipated retirement. The fund's primary objective is to balance capital appreciation and current income, gradually shifting its emphasis from growth to income as the target retirement date approaches. The portfolio management team dynamically adjusts allocations among equities, fixed income, and cash equivalents, moving toward more conservative investments to reduce risk as the fund nears 2040. This fund is part of a broader series of Putnam target-date offerings, each tailored to different retirement horizons. The "sustainable" focus reflects the integration of environmental, social, and governance (ESG) considerations in security selection, aiming to meet broader ethical standards alongside financial goals. Serving as a diversified, all-in-one investment solution, Putnam Sustainable Retirement 2040 Fund Class A plays a key role for individuals seeking a professionally managed glide path strategy to help provide income and capital preservation throughout retirement.
Performance
PRRZX had a total return of 11.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.69%.
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 | 59.25% |
| Putnam Dynamic Asset Allocation Bal P | n/a | 31.68% |
| Putnam Fds Tr | n/a | 3.37% |
| Franklin BSP Lending Fund | FBREX | 2.84% |
| Clarion Partners Real Estate Income Fund Inc. | CPREX | 2.82% |
| Cash And Equivalents | n/a | 0.04% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.5512 | Dec 30, 2025 |
| Dec 31, 2024 | $0.459 | Dec 31, 2024 |
| Dec 29, 2023 | $0.460 | Dec 29, 2023 |
| Dec 30, 2022 | $3.144 | Dec 30, 2022 |
| Dec 31, 2021 | $2.562 | Dec 31, 2021 |
| Dec 31, 2020 | $0.001 | Dec 31, 2020 |