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Putnam Retirement Advantage Maturity Fund
mutual fund
PAETX
Payout Change
Pending
Price as of:
$10.62
+0.02
+0.19%
primary theme
Target Date
share class
PAETX (Mutual Fund)
Putnam Retirement Advantage Maturity Fund
Payout Change
Pending
Price as of:
$10.62
+0.02
+0.19%
primary theme
Target Date
share class
PAETX (Mutual Fund)
Putnam Retirement Advantage Maturity Fund
Payout Change
Pending
Price as of:
$10.62
+0.02
+0.19%
primary theme
Target Date
share class
Name
As of 11/18/2024Price
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
Vitals
YTD Return
9.1%
1 yr return
14.8%
3 Yr Avg Return
1.9%
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 11/18/2024Price
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
PAETX - Profile
Distributions
- YTD Total Return 9.1%
- 3 Yr Annualized Total Return 1.9%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.49%
- Dividend Yield 3.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePutnam Retirement Advantage Maturity Fund
-
Fund Family NamePutnam Family of Funds
-
Inception DateDec 31, 2019
-
Shares OutstandingN/A
-
Share ClassY
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrett 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?”.
PAETX - Performance
Return Ranking - Trailing
| Period | PAETX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.1% | 0.3% | 12.7% | 14.97% |
| 1 Yr | 14.8% | 2.8% | 15.2% | 2.67% |
| 3 Yr | 1.9%* | -7.7% | 3.9% | 8.06% |
| 5 Yr | N/A* | -6.1% | 5.8% | N/A |
| 10 Yr | N/A* | 1.7% | 5.2% | 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% | 29.57% |
| 2022 | -13.5% | -38.3% | -3.8% | 21.51% |
| 2021 | 1.4% | -9.1% | 10.3% | 16.30% |
| 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 | 9.1% | 0.3% | 12.7% | 14.97% |
| 1 Yr | 14.8% | 2.8% | 15.2% | 2.67% |
| 3 Yr | 1.9%* | -7.7% | 3.9% | 8.06% |
| 5 Yr | N/A* | -6.1% | 5.8% | N/A |
| 10 Yr | N/A* | 1.7% | 5.2% | 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% | 40.32% |
| 2022 | -12.6% | -16.9% | -2.9% | 60.75% |
| 2021 | 5.9% | -3.8% | 10.3% | 51.09% |
| 2020 | N/A | -13.4% | 16.6% | N/A |
| 2019 | N/A | 4.7% | 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 | 94.65% |
| Number of Holdings | 2 | 2 | 1478 | 100.00% |
| Net Assets in Top 10 | 16.7 M | 2.94 M | 35.5 B | 89.84% |
| Weighting of Top 10 | 99.99% | 4.6% | 124.2% | 17.32% |
Top 10 Holdings
- MUTUAL FUND 94.15%
- MUTUAL FUND 5.84%
Asset Allocation
| Weighting | Return Low | Return High | PAETX % Rank | |
|---|---|---|---|---|
| Stocks | 99.99% | 0.00% | 100.15% | 10.70% |
| Cash | 0.01% | -24.70% | 53.61% | 94.12% |
| Preferred Stocks | 0.00% | 0.00% | 11.70% | 80.75% |
| Other | 0.00% | 0.00% | 5.62% | 85.56% |
| Convertible Bonds | 0.00% | 0.00% | 6.56% | 94.12% |
| Bonds | 0.00% | 0.00% | 109.30% | 93.05% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PAETX % Rank | |
|---|---|---|---|---|
| Technology | 25.61% | 16.20% | 25.61% | 5.33% |
| Healthcare | 13.77% | 6.38% | 14.87% | 17.33% |
| Financial Services | 11.53% | 11.53% | 20.26% | 100.00% |
| Consumer Cyclical | 10.71% | 4.61% | 13.00% | 52.67% |
| Industrials | 8.39% | 7.75% | 12.84% | 96.67% |
| Consumer Defense | 8.11% | 4.27% | 8.57% | 6.00% |
| Communication Services | 7.66% | 4.20% | 8.42% | 14.67% |
| Energy | 4.45% | 2.88% | 13.48% | 55.33% |
| Real Estate | 4.26% | 1.86% | 19.30% | 66.67% |
| Utilities | 2.78% | 1.85% | 8.79% | 59.33% |
| 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% | 100.15% | 10.70% |
| Non US | 0.00% | 0.00% | 17.40% | 81.82% |
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% | 8.60% |
| Management Fee | 0.36% | 0.00% | 0.79% | 84.00% |
| 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% | 76.43% |
PAETX - Distributions
Dividend Yield Analysis
| PAETX | Category Low | Category High | PAETX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.85% | 0.00% | 9.37% | 25.13% |
Dividend Distribution Analysis
| PAETX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Annual |
Net Income Ratio Analysis
| PAETX | Category Low | Category High | PAETX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.49% | -0.06% | 5.71% | 65.14% |
Capital Gain Distribution Analysis
| PAETX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 28, 2024 | $0.034 | OrdinaryDividend |
| Sep 26, 2024 | $0.033 | OrdinaryDividend |
| Aug 28, 2024 | $0.036 | OrdinaryDividend |
| Jul 26, 2024 | $0.034 | OrdinaryDividend |
| Apr 26, 2024 | $0.035 | OrdinaryDividend |
| Mar 26, 2024 | $0.034 | OrdinaryDividend |
| Feb 27, 2024 | $0.035 | OrdinaryDividend |
| Jan 26, 2024 | $0.035 | OrdinaryDividend |
| Dec 27, 2023 | $0.014 | CapitalGainLongTerm |
| Dec 27, 2023 | $0.038 | OrdinaryDividend |
| Nov 28, 2023 | $0.035 | OrdinaryDividend |
| Oct 26, 2023 | $0.034 | OrdinaryDividend |
| Sep 27, 2023 | $0.022 | OrdinaryDividend |
| Aug 28, 2023 | $0.022 | OrdinaryDividend |
| Jul 26, 2023 | $0.022 | OrdinaryDividend |
| Jun 28, 2023 | $0.021 | OrdinaryDividend |
| May 25, 2023 | $0.024 | OrdinaryDividend |
| Apr 26, 2023 | $0.021 | OrdinaryDividend |
| Mar 23, 2023 | $0.021 | OrdinaryDividend |
| Feb 24, 2023 | $0.003 | OrdinaryDividend |
| Jan 26, 2023 | $0.003 | OrdinaryDividend |
| Dec 28, 2022 | $0.090 | OrdinaryDividend |
| Oct 26, 2022 | $0.004 | OrdinaryDividend |
| Dec 28, 2021 | $0.479 | OrdinaryDividend |
| Dec 28, 2020 | $0.174 | OrdinaryDividend |
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 | 6.48 | 3.75 |
