Putnam Retirement Advantage Plus 2040 Fund Class Y (PRZZX)
| Fund Assets | 395.86M |
| Expense Ratio | 0.60% |
| Min. Investment | $500 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.61 |
| Dividend Yield | 1.98% |
| Dividend Growth | 23.91% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 30.81 |
| YTD Return | -3.33% |
| 1-Year Return | 10.64% |
| 5-Year Return | 36.48% |
| 52-Week Low | 25.88 |
| 52-Week High | 32.80 |
| Beta (5Y) | 0.72 |
| Holdings | 6 |
| Inception Date | Nov 1, 2004 |
About PRZZX
Putnam Sustainable Retirement 2040 Fund Class Y is a target-date mutual fund designed for investors planning to retire around the year 2040. Its primary function is to balance the objectives of capital appreciation and income growth, with risk profiles that adjust as the target retirement year approaches. The fund achieves its goals by diversifying assets across a range of underlying funds, primarily focusing on exchange-traded funds (ETFs) that emphasize sustainability and strong environmental, social, and governance (ESG) characteristics. The portfolio invests heavily in affiliated Putnam ESG funds, with the top holdings collectively making up a substantial portion of assets, indicating a concentrated approach within the sustainable investment universe. As a target-date fund, its asset allocation becomes more conservative over time, aiming to protect investors' capital as they near retirement while still seeking growth in earlier years. Putnam Sustainable Retirement 2040 Fund Class Y serves as a comprehensive solution for retirement planning by offering exposure to multiple asset classes and maintaining a sustained focus on responsible investing within the broader financial market.
Performance
PRZZX had a total return of 10.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.47%.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Gr P | n/a | 59.32% |
| Putnam Dynamic Asset Allocation Bal P | n/a | 29.33% |
| Putnam Fds Tr | n/a | 3.43% |
| Franklin BSP Lending Fund | FBREX | 2.94% |
| Clarion Partners Real Estate Income Fund Inc. | CPREX | 2.93% |
| Cash And Equivalents | n/a | 2.05% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.6109 | Dec 30, 2025 |
| Dec 31, 2024 | $0.493 | Dec 31, 2024 |
| Dec 29, 2023 | $0.503 | Dec 29, 2023 |
| Dec 30, 2022 | $3.194 | Dec 30, 2022 |
| Dec 31, 2021 | $2.623 | Dec 31, 2021 |
| Dec 31, 2020 | $0.480 | Dec 31, 2020 |