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Trending ETFs

Putnam Retirement Advantage 2040 Fund

mutual fund
PALZX
Payout Change
Pending
Price as of:
$9.46 +0.0 +0.0%
primary theme
Target-Date 2040
PALZX (Mutual Fund)

Putnam Retirement Advantage 2040 Fund

Payout Change
Pending
Price as of:
$9.46 +0.0 +0.0%
primary theme
Target-Date 2040
PALZX (Mutual Fund)

Putnam Retirement Advantage 2040 Fund

Payout Change
Pending
Price as of:
$9.46 +0.0 +0.0%
primary theme
Target-Date 2040

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$9.46

$7.09 M

7.40%

$0.70

0.55%

Vitals

YTD Return

-17.2%

1 yr return

-5.8%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$7.09 M

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$9.5
$9.23
$13.16

Expenses

OPERATING FEES

Expense Ratio 0.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 45.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Target-Date 2040


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$9.46

$7.09 M

7.40%

$0.70

0.55%

PALZX - Profile

Distributions

  • YTD Total Return -17.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.90%
DIVIDENDS
  • Dividend Yield 7.4%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Putnam Retirement Advantage 2040 Fund
  • Fund Family Name
    Putnam
  • Inception Date
    Sep 01, 2020
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James Fetch

Fund Description

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 2040 (the target date). It is designed to provide diversification among different asset classes by investing its assets in other Putnam mutual funds, referred to as underlying funds.


PALZX - Performance

Return Ranking - Trailing

Period PALZX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.2% -26.4% -10.0% 15.70%
1 Yr -5.8% -10.6% 2.7% 12.95%
3 Yr N/A* 6.1% 11.8% N/A
5 Yr N/A* 5.6% 9.4% N/A
10 Yr N/A* 7.2% 11.1% N/A

* Annualized

Return Ranking - Calendar

Period PALZX Return Category Return Low Category Return High Rank in Category (%)
2021 1.6% -6.3% 17.5% 77.83%
2020 N/A 3.3% 14.9% N/A
2019 N/A 4.1% 22.6% N/A
2018 N/A -23.1% -6.9% N/A
2017 N/A -15.1% 18.8% N/A

Total Return Ranking - Trailing

Period PALZX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.2% -26.4% -10.0% 15.70%
1 Yr -5.8% -15.0% 2.7% 11.31%
3 Yr N/A* 4.9% 11.8% N/A
5 Yr N/A* 4.7% 9.4% N/A
10 Yr N/A* 7.2% 11.1% N/A

* Annualized

Total Return Ranking - Calendar

Period PALZX Return Category Return Low Category Return High Rank in Category (%)
2021 1.6% -6.3% 17.5% 77.83%
2020 N/A 3.3% 14.9% N/A
2019 N/A 4.1% 22.6% N/A
2018 N/A -23.1% -5.5% N/A
2017 N/A -15.1% 26.3% N/A

NAV & Total Return History


PALZX - Holdings

Concentration Analysis

PALZX Category Low Category High PALZX % Rank
Net Assets 7.09 M 88 K 68.9 B 94.27%
Number of Holdings 4 4 562 97.35%
Net Assets in Top 10 7.09 M 693 K 68.1 B 92.04%
Weighting of Top 10 99.97% 38.5% 100.0% 7.77%

Top 10 Holdings

  1. Putnam Dynamic Asset Allocation Gr P 76.26%
  2. Putnam Dynamic Asset Allocation Bal P 20.69%
  3. Putnam Fds Tr 3.02%

Asset Allocation

Weighting Return Low Return High PALZX % Rank
Stocks
72.26% 0.00% 89.49% 81.86%
Bonds
30.98% 6.42% 65.95% 7.08%
Other
3.17% -0.92% 16.90% 8.41%
Convertible Bonds
0.34% 0.00% 0.98% 20.35%
Preferred Stocks
0.16% 0.00% 0.48% 21.68%
Cash
-6.89% -6.89% 31.18% 97.35%

Stock Sector Breakdown

Weighting Return Low Return High PALZX % Rank
Technology
22.35% 13.94% 24.03% 3.13%
Healthcare
13.76% 10.75% 14.53% 19.64%
Financial Services
13.39% 13.11% 18.83% 91.07%
Consumer Cyclical
10.83% 8.05% 13.32% 63.84%
Industrials
10.08% 9.02% 12.29% 66.07%
Consumer Defense
7.67% 4.68% 11.06% 2.68%
Communication Services
7.01% 5.69% 10.24% 54.46%
Energy
4.83% 2.33% 6.31% 33.93%
Basic Materials
4.22% 3.14% 6.86% 71.88%
Real Estate
3.40% 1.87% 10.11% 70.98%
Utilities
2.46% 1.90% 8.13% 70.09%

Stock Geographic Breakdown

Weighting Return Low Return High PALZX % Rank
US
54.90% 0.00% 68.38% 29.65%
Non US
17.36% 0.00% 44.24% 93.36%

Bond Sector Breakdown

Weighting Return Low Return High PALZX % Rank
Securitized
36.42% 0.00% 36.42% 0.88%
Corporate
30.90% 0.49% 50.07% 15.04%
Government
25.16% 13.41% 62.05% 73.89%
Cash & Equivalents
7.14% 3.19% 55.75% 93.36%
Derivative
0.38% 0.00% 20.78% 34.07%
Municipal
0.00% 0.00% 22.13% 91.59%

Bond Geographic Breakdown

Weighting Return Low Return High PALZX % Rank
US
28.13% 4.80% 43.04% 4.42%
Non US
2.85% 0.07% 22.91% 30.53%

PALZX - Expenses

Operational Fees

PALZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.06% 1.84% 60.18%
Management Fee 0.40% 0.00% 0.86% 77.68%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

PALZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

PALZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 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.

PALZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 45.00% 2.00% 112.00% 82.21%

PALZX - Distributions

Dividend Yield Analysis

PALZX Category Low Category High PALZX % Rank
Dividend Yield 7.40% 0.00% 5.69% 59.91%

Dividend Distribution Analysis

PALZX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

PALZX Category Low Category High PALZX % Rank
Net Income Ratio 0.90% -0.21% 10.52% 70.91%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

PALZX - 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.

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.

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.

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 5.59 2.41