Putnam Retirement Advantage 2030 Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.4%
1 yr return
11.1%
3 Yr Avg Return
1.9%
5 Yr Avg Return
N/A
Net Assets
$16.4 M
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.95%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PAFVX - Profile
Distributions
- YTD Total Return 4.4%
- 3 Yr Annualized Total Return 1.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 6.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NamePutnam Retirement Advantage 2030 Fund
-
Fund Family NamePutnam Family of Funds
-
Inception DateDec 31, 2019
-
Shares OutstandingN/A
-
Share ClassR5
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CurrencyUSD
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Domiciled CountryUS
Fund Description
Investments
The fund’s asset allocation strategy may be attractive to investors who plan to retire or otherwise intend to begin making periodic withdrawals of their investments in or about 2030 (the target date). The fund is designed to provide diversification among different asset classes by investing its assets in other Putnam mutual funds, referred to as underlying funds.
The fund’s target allocations among asset classes and underlying funds will increasingly emphasize capital preservation and income over time and will change gradually based on the number of remaining years until the fund’s target date, as shown in the predetermined “glide path” in the chart under “What are the funds’ and each underlying fund’s main investment strategies and related risks?” Putnam Investment Management, LLC (“Putnam Management”) adjusts these allocations at the end of each calendar quarter based on the glide path.
The following table presents your fund’s approximate allocations to each asset class and underlying fund as of December 31, 2023 and its projected approximate allocations to these asset classes and underlying funds as of December 31, 2024. By comparing the percentage allocations of your fund in the table, you can see how its allocations are expected to change during the one-year period beginning on December 31, 2023.
The table also shows the approximate allocations of other Putnam Retirement Advantage Funds, which are designed for investors with different target retirement dates. Over a five-year period, each fund’s allocations will gradually change to resemble the allocations of the fund with the next earliest target date. The table illustrates how a fund’s allocations are expected to change over time to increasingly emphasize capital preservation and income.
Underlying Fund* | Year | 2065 | 2060 | 2055 | 2050 | 2045 | 2040 | 2035 | 2030 (your fund) | 2025 | Maturity Fund |
Putnam Dynamic Asset Allocation Equity Fund | 2023 | 78.0% | 66.6% | 44.0% | 19.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
2024 | 78.0% | 62.8% | 39.0% | 15.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
Putnam Dynamic Asset Allocation Growth Fund | 2023 | 21.5% | 32.9% | 55.5% | 80.1% | 96.7% | 60.8% | 7.7% | 0.0% | 0.0% | 0.0% |
2024 | 21.5% | 36.7% | 60.5% | 83.8% | 92.7% | 51.8% | 0.0% | 0.0% | 0.0% | 0.0% | |
Putnam Dynamic Asset Allocation Balanced Fund | 2023 | 0.0% | 0.0% | 0.0% | 0.0% | 1.2% | 36.0% | 88.0% | 43.8% | 6.0% | 0.0% |
2024 | 0.0% | 0.0% | 0.0% | 0.0% | 4.8% | 44.8% | 92.9% | 30.1% | 2.5% | 0.0% | |
Putnam Dynamic Asset Allocation Conservative Fund | 2023 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 37.2% | 22.0% | 0.0% |
2024 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.1% | 47.9% | 9.8% | 0.0% | |
Putnam Short Term Investment Fund | 2023 | 0.5% | 0.5% | 0.5% | 0.7% | 2.1% | 3.2% | 4.3% | 5.5% | 6.0% | 6.0% |
2024 | 0.5% | 0.5% | 0.5% | 1.0% | 2.5% | 3.4% | 4.5% | 5.8% | 6.0% | 6.0% | |
Putnam Multi-Asset Income Fund | 2023 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 13.5% | 66.0% | 94.0% |
2024 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.5% | 16.2% | 81.7% | 94.0% | |
Equity** | 2023 | 95.2% | 92.9% | 88.4% | 83.3% | 78.1% | 70.2% | 59.0% | 41.1% | 28.0% | 25.4% |
2024 | 95.2% | 92.2% | 87.4% | 82.2% | 77.0% | 68.3% | 56.5% | 36.8% | 26.5% | 25.4% | |
Fixed Income** | 2023 | 4.8% | 7.1% | 11.6% | 16.7% | 21.9% | 29.8% | 41.0% | 58.9% | 72.0% | 74.6% |
2024 | 4.8% | 7.8% | 12.6% | 17.8% | 23.0% | 31.7% | 43.5% | 63.2% | 73.5% | 74.6% |
* | Due to rounding, allocations shown in the table above may not total 100%. In addition, because of rounding in the calculation of allocations among underlying funds and market fluctuations, actual allocations might be more or less than these percentages. |
** | Equity and fixed income allocations are hypothetical estimates based on each Putnam Dynamic Asset Allocation Fund’s and Putnam Multi-Asset Income Fund’s current strategic allocation to equity and fixed income investments as set forth under “What are the funds’ and each underlying fund’s main investment strategies and related risks?”, and an assumption that Putnam Short Term Investment Fund is equivalent to a fixed income investment. The managers of the underlying funds may adjust those funds’ allocations among asset classes from time to time consistent with their investment goals, and, consequently, actual allocations will vary. |
The fund’s target allocations may differ from the allocations shown in the table. We may change the glide path, the fund’s target allocations, and the underlying funds in which it invests at any time, although we expect these changes to be infrequent and generally in response to longer-term structural changes (i.e., in the average retirement age or life expectancy) that lead the fund’s portfolio managers to determine that a change is advisable. We assume investors will begin gradual withdrawals from the
fund at or around the target date. Near the end of the target date year, the fund’s target allocations will correspond to those of Putnam Retirement Advantage Maturity Fund (Maturity Fund), a fund that seeks as high a rate of current income as Putnam Management believes is consistent with preservation of capital, and the fund will be merged into Maturity Fund. More information about Maturity Fund is available in this prospectus beginning on page 74, and more information about the underlying funds (which are not offered by this prospectus) is included under “What are the funds’ and each underlying fund’s main investment strategies and related risks?”.
PAFVX - Performance
Return Ranking - Trailing
Period | PAFVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.4% | N/A | N/A | N/A |
1 Yr | 11.1% | N/A | N/A | N/A |
3 Yr | 1.9%* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | PAFVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.2% | N/A | N/A | N/A |
2022 | -20.4% | N/A | N/A | N/A |
2021 | -0.4% | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
Period | PAFVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.4% | N/A | N/A | N/A |
1 Yr | 11.1% | N/A | N/A | N/A |
3 Yr | 1.9%* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PAFVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 19.7% | N/A | N/A | N/A |
2022 | -3.8% | N/A | N/A | N/A |
2021 | 13.4% | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
NAV & Total Return History
PAFVX - Holdings
Concentration Analysis
PAFVX | Category Low | Category High | PAFVX % Rank | |
---|---|---|---|---|
Net Assets | 16.4 M | N/A | N/A | N/A |
Number of Holdings | 4 | N/A | N/A | N/A |
Net Assets in Top 10 | 16.8 M | N/A | N/A | N/A |
Weighting of Top 10 | 99.97% | N/A | N/A | N/A |
Top 10 Holdings
- MUTUAL FUND 44.43%
- MUTUAL FUND 36.83%
- MUTUAL FUND 13.31%
- MUTUAL FUND 5.40%
Asset Allocation
Weighting | Return Low | Return High | PAFVX % Rank | |
---|---|---|---|---|
Stocks | 99.97% | N/A | N/A | N/A |
Cash | 0.03% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Other | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Bonds | 0.00% | N/A | N/A | N/A |
Stock Sector Breakdown
Weighting | Return Low | Return High | PAFVX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | N/A | N/A | N/A |
Technology | 0.00% | N/A | N/A | N/A |
Real Estate | 0.00% | N/A | N/A | N/A |
Industrials | 0.00% | N/A | N/A | N/A |
Healthcare | 0.00% | N/A | N/A | N/A |
Financial Services | 0.00% | N/A | N/A | N/A |
Energy | 0.00% | N/A | N/A | N/A |
Communication Services | 0.00% | N/A | N/A | N/A |
Consumer Defense | 0.00% | N/A | N/A | N/A |
Consumer Cyclical | 0.00% | N/A | N/A | N/A |
Basic Materials | 0.00% | N/A | N/A | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PAFVX % Rank | |
---|---|---|---|---|
US | 99.97% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
PAFVX - Expenses
Operational Fees
PAFVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.95% | N/A | N/A | N/A |
Management Fee | 0.38% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
PAFVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
PAFVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PAFVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
PAFVX - Distributions
Dividend Yield Analysis
PAFVX | Category Low | Category High | PAFVX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.63% | N/A | N/A | N/A |
Dividend Distribution Analysis
PAFVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual |
Net Income Ratio Analysis
PAFVX | Category Low | Category High | PAFVX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
PAFVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.308 | OrdinaryDividend |
Dec 30, 2022 | $0.670 | OrdinaryDividend |
Dec 31, 2021 | $1.362 | OrdinaryDividend |
Dec 31, 2020 | $0.137 | OrdinaryDividend |