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Putnam Retirement Advantage 2030 Fund
mutual fund
PDLKX
Payout Change
Pending
Price as of:
$10.77
+0.03
+0.28%
primary theme
Target-Date 2030
share class
PDLKX (Mutual Fund)
Putnam Retirement Advantage 2030 Fund
Payout Change
Pending
Price as of:
$10.77
+0.03
+0.28%
primary theme
Target-Date 2030
share class
PDLKX (Mutual Fund)
Putnam Retirement Advantage 2030 Fund
Payout Change
Pending
Price as of:
$10.77
+0.03
+0.28%
primary theme
Target-Date 2030
share class
Name
As of 11/19/2024Price
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
14.4%
1 yr return
17.5%
3 Yr Avg Return
2.5%
5 Yr Avg Return
N/A
Net Assets
$31.7 M
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
$10.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.95%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 61.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/19/2024Price
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
PDLKX - Profile
Distributions
- YTD Total Return 14.4%
- 3 Yr Annualized Total Return 2.5%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.16%
- Dividend Yield 1.5%
- 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 ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Fetch
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?”.
PDLKX - Performance
Return Ranking - Trailing
| Period | PDLKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.4% | 7.0% | 16.2% | 6.22% |
| 1 Yr | 17.5% | 12.5% | 19.7% | 36.79% |
| 3 Yr | 2.5%* | -4.2% | 4.6% | 25.52% |
| 5 Yr | N/A* | 3.8% | 8.1% | N/A |
| 10 Yr | N/A* | 4.6% | 7.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | PDLKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.9% | 5.5% | 14.4% | 59.07% |
| 2022 | -20.6% | -52.7% | -14.2% | 53.89% |
| 2021 | -1.0% | -5.6% | 14.0% | 87.43% |
| 2020 | N/A | 0.7% | 13.7% | N/A |
| 2019 | N/A | 2.6% | 18.9% | N/A |
Total Return Ranking - Trailing
| Period | PDLKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.4% | 7.0% | 16.2% | 6.22% |
| 1 Yr | 17.5% | 12.5% | 19.7% | 36.79% |
| 3 Yr | 2.5%* | -4.2% | 4.6% | 25.52% |
| 5 Yr | N/A* | 3.8% | 8.1% | N/A |
| 10 Yr | N/A* | 4.6% | 7.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | PDLKX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 21.4% | 10.0% | 49.5% | 6.74% |
| 2022 | -5.1% | -26.4% | 20.1% | 5.70% |
| 2021 | 11.9% | 1.6% | 18.5% | 50.27% |
| 2020 | N/A | 6.7% | 19.3% | N/A |
| 2019 | N/A | 17.1% | 34.4% | N/A |
NAV & Total Return History
PDLKX - Holdings
Concentration Analysis
| PDLKX | Category Low | Category High | PDLKX % Rank | |
|---|---|---|---|---|
| Net Assets | 31.7 M | 6.51 M | 90.6 B | 96.39% |
| Number of Holdings | 4 | 4 | 927 | 98.97% |
| Net Assets in Top 10 | 30.3 M | 7.61 M | 93.7 B | 93.81% |
| Weighting of Top 10 | 99.97% | 45.0% | 116.9% | 10.94% |
Top 10 Holdings
- MUTUAL FUND 42.51%
- MUTUAL FUND 37.06%
- MUTUAL FUND 14.91%
- MUTUAL FUND 5.49%
Asset Allocation
| Weighting | Return Low | Return High | PDLKX % Rank | |
|---|---|---|---|---|
| Stocks | 99.97% | 0.00% | 100.43% | 11.34% |
| Convertible Bonds | 0.56% | 0.03% | 1.11% | 27.32% |
| Cash | 0.03% | 0.00% | 19.41% | 88.14% |
| Preferred Stocks | 0.00% | 0.00% | 0.03% | 82.47% |
| Other | 0.00% | -0.06% | 3.21% | 85.05% |
| Bonds | 0.00% | 0.00% | 37.34% | 84.54% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PDLKX % Rank | |
|---|---|---|---|---|
| Technology | 23.00% | 14.06% | 23.99% | 5.15% |
| Healthcare | 14.11% | 10.63% | 14.63% | 15.98% |
| Financial Services | 12.64% | 12.64% | 18.99% | 98.97% |
| Consumer Cyclical | 10.83% | 8.12% | 13.37% | 51.03% |
| Industrials | 9.90% | 8.84% | 12.27% | 78.35% |
| Consumer Defense | 7.75% | 4.88% | 10.87% | 5.67% |
| Communication Services | 6.98% | 5.69% | 10.00% | 52.06% |
| Energy | 4.70% | 2.46% | 6.43% | 32.99% |
| Basic Materials | 3.88% | 3.15% | 7.02% | 85.05% |
| Real Estate | 3.64% | 1.86% | 12.53% | 67.01% |
| Utilities | 2.59% | 1.89% | 7.89% | 69.59% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PDLKX % Rank | |
|---|---|---|---|---|
| US | 99.97% | 0.00% | 100.43% | 11.34% |
| Non US | 0.00% | 0.00% | 21.63% | 82.99% |
PDLKX - Expenses
Operational Fees
| PDLKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.95% | 0.05% | 10.17% | 1.55% |
| Management Fee | 0.38% | 0.00% | 0.81% | 75.92% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 97.92% |
| Administrative Fee | N/A | 0.01% | 0.29% | N/A |
Sales Fees
| PDLKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 4.00% | 100.00% |
Trading Fees
| PDLKX 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.
| PDLKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 61.00% | 3.00% | 98.00% | 93.18% |
PDLKX - Distributions
Dividend Yield Analysis
| PDLKX | Category Low | Category High | PDLKX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.48% | 0.00% | 7.28% | 54.64% |
Dividend Distribution Analysis
| PDLKX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | SemiAnnual |
Net Income Ratio Analysis
| PDLKX | Category Low | Category High | PDLKX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.16% | 0.12% | 3.79% | 99.47% |
Capital Gain Distribution Analysis
| PDLKX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Semi-Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 29, 2023 | $0.076 | CapitalGainLongTerm |
| Dec 29, 2023 | $0.158 | OrdinaryDividend |
| Dec 30, 2022 | $0.593 | OrdinaryDividend |
| Dec 31, 2021 | $1.308 | OrdinaryDividend |
| Dec 31, 2020 | $0.102 | OrdinaryDividend |
PDLKX - Fund Manager Analysis
Managers
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.
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.
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 | 5.8 | 2.41 |
