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Putnam Retirement Advantage Maturity Fund

mutual fund
PAETX
Payout Change
Pending
Price as of:
$10.54 -0.03 -0.28%
primary theme
Target Date
share class
R (PAKYX) R6 (PADLX) R3 (PAHMX) R5 (PAHOX) Y (PAETX) R4 (PAHNX) C (PLFGX) A (POMGX)
PAETX (Mutual Fund)

Putnam Retirement Advantage Maturity Fund

Payout Change
Pending
Price as of:
$10.54 -0.03 -0.28%
primary theme
Target Date
share class
R (PAKYX) R6 (PADLX) R3 (PAHMX) R5 (PAHOX) Y (PAETX) R4 (PAHNX) C (PLFGX) A (POMGX)
PAETX (Mutual Fund)

Putnam Retirement Advantage Maturity Fund

Payout Change
Pending
Price as of:
$10.54 -0.03 -0.28%
primary theme
Target Date
share class
R (PAKYX) R6 (PADLX) R3 (PAHMX) R5 (PAHOX) Y (PAETX) R4 (PAHNX) C (PLFGX) A (POMGX)

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Putnam Retirement Advantage Maturity Fund

PAETX | Fund

$10.54

$13.7 M

3.97%

$0.42

1.76%

Vitals

YTD Return

8.7%

1 yr return

9.4%

3 Yr Avg Return

2.1%

5 Yr Avg Return

N/A

Net Assets

$13.7 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$10.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.76%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 41.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Putnam Retirement Advantage Maturity Fund

PAETX | Fund

$10.54

$13.7 M

3.97%

$0.42

1.76%

PAETX - Profile

Distributions

  • YTD Total Return 8.7%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.49%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Putnam Retirement Advantage Maturity Fund
  • Fund Family Name
    Putnam Family of Funds
  • Inception Date
    Dec 31, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Y
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Brett Goldstein

Fund Description

Investments

The fund employs an asset allocation strategy designed for investors who are already in retirement or who plan to retire (or otherwise begin withdrawing the invested funds) in the near future. The fund is designed to provide diversification among different asset classes. The fund invests most of its assets in Putnam Multi-Asset Income Fund, another Putnam mutual fund, which invests mainly in fixed-income investments and, to a lesser extent, in equity securities. The fund invests the rest of its assets in Putnam Short Term Investment Fund, a Putnam mutual fund that invests mainly in short duration, investment-grade money market and other fixed income securities.

The following table presents your fund’s approximate allocations to each asset class (through its investments in underlying funds) as of December 31, 2023, which are not expected to change over time.

Asset class
Equity* 25.4%
Fixed Income* 74.6%
* Equity and fixed income allocations are hypothetical estimates based on 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 Putnam Multi-Asset Income Fund may adjust the fund’s allocations among asset classes from time to time consistent with its 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 fund’s target allocations, and the underlying fund(s) 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 make gradual withdrawals from the fund. The managers of Multi-Asset Income Fund will rebalance that fund’s investments towards its target allocations on a quarterly basis. More information about Multi-Asset Income Fund and Putnam Short Term Investment Fund is included under “What are the funds’ and each underlying fund’s main investment strategies and related risks?”.

Read More

PAETX - Performance

Return Ranking - Trailing

Period PAETX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.7% -0.5% 11.7% 14.29%
1 Yr 9.4% -0.4% 10.6% 4.40%
3 Yr 2.1%* -3.8% 4.1% 13.81%
5 Yr N/A* 0.4% 5.5% N/A
10 Yr N/A* 1.7% 5.5% N/A

* Annualized

Return Ranking - Calendar

Period PAETX Return Category Return Low Category Return High Rank in Category (%)
2023 7.7% -9.8% 12.8% 29.12%
2022 -13.5% -38.3% -3.8% 20.88%
2021 1.4% -9.1% 10.3% 16.67%
2020 N/A -13.4% 12.6% N/A
2019 N/A -1.1% 13.9% N/A

Total Return Ranking - Trailing

Period PAETX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.7% -0.5% 11.7% 14.29%
1 Yr 9.4% -0.4% 10.6% 4.40%
3 Yr 2.1%* -3.8% 4.1% 13.81%
5 Yr N/A* 0.4% 5.5% N/A
10 Yr N/A* 1.7% 5.5% N/A

* Annualized

Total Return Ranking - Calendar

Period PAETX Return Category Return Low Category Return High Rank in Category (%)
2023 10.9% -9.8% 15.4% 40.11%
2022 -12.6% -16.9% -2.9% 59.89%
2021 5.9% -3.8% 10.3% 52.22%
2020 N/A -13.4% 16.6% N/A
2019 N/A 6.9% 25.2% N/A

NAV & Total Return History

PAETX - Holdings

Concentration Analysis

PAETX Category Low Category High PAETX % Rank
Net Assets 13.7 M 3.58 M 35.6 B 94.54%
Number of Holdings 2 2 1478 100.00%
Net Assets in Top 10 16.7 M 3.08 M 36.5 B 89.62%
Weighting of Top 10 99.99% 4.6% 124.2% 14.29%

Top 10 Holdings

  1. MUTUAL FUND 94.15%
  2. MUTUAL FUND 5.84%

Asset Allocation

Weighting Return Low Return High PAETX % Rank
Stocks 		99.99% 0.00% 100.21% 10.93%
Cash 		0.01% -24.70% 53.61% 93.99%
Preferred Stocks 		0.00% 0.00% 11.70% 68.31%
Other 		0.00% -0.01% 5.62% 65.03%
Convertible Bonds 		0.00% 0.00% 5.65% 93.44%
Bonds 		0.00% 0.00% 109.30% 86.89%

Stock Sector Breakdown

Weighting Return Low Return High PAETX % Rank
Technology 		25.61% 16.20% 25.61% 5.41%
Healthcare 		13.77% 6.38% 14.87% 17.57%
Financial Services 		11.53% 11.53% 20.26% 100.00%
Consumer Cyclical 		10.71% 4.61% 13.00% 53.38%
Industrials 		8.39% 7.75% 12.84% 96.62%
Consumer Defense 		8.11% 4.27% 8.57% 6.08%
Communication Services 		7.66% 4.20% 8.42% 14.86%
Energy 		4.45% 2.88% 13.48% 54.73%
Real Estate 		4.26% 1.86% 19.30% 66.22%
Utilities 		2.78% 1.85% 8.79% 58.78%
Basic Materials 		2.71% 2.71% 8.17% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High PAETX % Rank
US 		99.99% 0.00% 100.21% 10.93%
Non US 		0.00% 0.00% 17.40% 68.85%

PAETX - Expenses

Operational Fees

PAETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.76% 0.05% 13.27% 8.79%
Management Fee 0.36% 0.00% 0.78% 83.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

PAETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

PAETX 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.

PAETX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 0.00% 121.26% 75.82%

PAETX - Distributions

Dividend Yield Analysis

PAETX Category Low Category High PAETX % Rank
Dividend Yield 3.97% 0.00% 9.37% 25.68%

Dividend Distribution Analysis

PAETX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PAETX Category Low Category High PAETX % Rank
Net Income Ratio 1.49% -0.06% 5.71% 65.50%

Capital Gain Distribution Analysis

PAETX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Semi-Annually Semi-Annually

Distributions History

View More +

PAETX - Fund Manager Analysis

Managers

Brett Goldstein

Start Date

Tenure

Tenure Rank

Dec 31, 2019

2.42

2.4%

Co-Chief Investment Officer, Global Asset Allocation. Previously, Portfolio Manager and Analyst.

Robert Schoen

Start Date

Tenure

Tenure Rank

Dec 31, 2019

2.42

2.4%

Robert Schoen is Co-Head of the Global Asset Allocation (GAA) group at Putnam Investments. In partnership with other GAA co-heads, he is responsible for the overall strategy and positioning of Putnam's GAA products. Robert’s career in the investment industry began in 1990. He joined Putnam in 1997. Prior to joining Putnam (from 1992 to 1997), Robert was a self-employed Financial Consultant. He was Head of Research at an asset management company from 1990 to 1992. Robert has a BA from Tufts University and an MBA from New York University, Stern School of Business.

James Fetch

Start Date

Tenure

Tenure Rank

Dec 31, 2019

2.42

2.4%

Mr. Fetch is a Co-Head of Global Asset Allocation (GAA). In partnership with the other GAA Co-Heads, he directs the overall strategy and positioning of Putnam’s GAA products. He is responsible for portfolio construction and risk management of GAA portfolios. His work also contributes to Putnam’s Capital Markets Outlook. Mr. Fetch is a portfolio manager of Putnam Dynamic Asset Allocation Funds (Balanced, Conservative, and Growth); Putnam Dynamic Risk Allocation Fund; Putnam Multi-Asset Absolute Return Fund; Putnam Multi-Asset Model Portfolios; Putnam Retirement Advantage Funds; Putnam RetirementReady Funds; Putnam Total Return Fund; and Putnam 529 for America. Mr. Fetch has been in the investment industry since he joined Putnam in 1994. After leaving in 1998 to complete his M.B.A., he rejoined the firm in 2000.

Adrian Chan

Start Date

Tenure

Tenure Rank

Jun 30, 2021

0.92

0.9%

Mr. Chan is a Portfolio Manager in the Global Asset Allocation group. He joined Putnam in 2003 and first served in the investment industry from 2003 to 2006. After leaving to complete his M.B.A., Mr. Chan rejoined the industry full-time in 2008. Previously at Putnam, Mr. Chan served as an Investment Associate from 2003 to 2006, a Summer Intern in 2007, and an Analyst from 2008 to 2015. Mr. Chan earned an M.B.A. from The Wharton School at the University of Pennsylvania and an A.B. from Harvard University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.59 6.41 3.75

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