Putnam Retirement Advantage 2045 Fund (PAFMX) belongs to the Target Retirement Date category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PAFMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PAFMX
PAFMX charges 0.45% annually. There are 365 mutual funds in the Target Retirement Date category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| American Funds 2065 Target Date Retirement Fund | 0.01% | — | Mar 2020 | PAFMX vs FCQTX | |
| John Hancock Funds Multi-Index 2045 Lifetime Portf... | 0.01% | — | Nov 2013 | PAFMX vs JRLVX | |
| Principal LifeTime 2020 Fund | 0.01% | — | Feb 2001 | PAFMX vs PLWIX | |
| Principal LifeTime 2025 Fund | 0.01% | — | Feb 2008 | PAFMX vs LTSTX | |
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | PAFMX vs LTFIX |
Best Risk-Adjusted Alternatives to PAFMX
PAFMX has a PortfoliosLab risk / return rank of 76. There are 69 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Retirement Advantage Maturity Fund | 89 | — | Dec 2019 | PAFMX vs PADLX | |
| State Street Target Retirement Fund | 88 | — | Sep 2014 | PAFMX vs SSFNX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 86 | — | Jan 2020 | PAFMX vs DTDRX | |
| Prudential Day One Income Fund | 85 | — | Dec 2016 | PAFMX vs PDAHX | |
| State Street Target Retirement 2025 Fund | 85 | — | Sep 2014 | PAFMX vs SSBRX |
Top Performing PAFMX Alternatives (YTD)
PAFMX is at 9.65% YTD. There are 305 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 14.17%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Flex Freedom Blend 2060 Fund | 14.17% | — | Jun 2017 | PAFMX vs FWLSX | |
| Fidelity Flex Freedom Blend 2065 Fund | 14.11% | — | Jun 2019 | PAFMX vs FDFPX | |
| Fidelity Freedom Blend 2060 Fund Class K6 | 14.02% | — | Aug 2018 | PAFMX vs FHCDX | |
| Fidelity Freedom 2060 Fund Class K6 | 13.98% | — | Aug 2014 | PAFMX vs FVTKX | |
| Fidelity Freedom 2065 Fund Class K6 | 13.95% | — | Jun 2019 | PAFMX vs FFSZX |
Lowest Volatility Alternatives to PAFMX
PAFMX has 9.83% 1-year volatility. There are 353 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.33%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.33% | — | Nov 2015 | PAFMX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | 3.98% | — | Oct 2009 | PAFMX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.01% | — | Oct 2009 | PAFMX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 4.14% | — | Aug 2019 | PAFMX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.15% | — | Aug 2007 | PAFMX vs FRQIX |
Lowest Drawdown Alternatives to PAFMX
PAFMX has a 1-year max drawdown of -7.22%. There are 306 mutual funds in the Target Retirement Date category with shallower 1-year drawdowns, going as shallow as -2.61%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | -2.61% | — | Nov 2015 | PAFMX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | -3.32% | — | Oct 2009 | PAFMX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | PAFMX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | -3.41% | — | Aug 2019 | PAFMX vs FRQHX | |
| Fidelity Managed Retirement Income Fund Class K | -3.42% | — | Aug 2019 | PAFMX vs FRKMX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, POGAX, PEQSX and span 5 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 80 | 9.88% | — | Jun 1977 | PAFMX vs PEYAX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 27 | 9.53% | — | Oct 1995 | PAFMX vs POGAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 81 | 10.03% | — | Jul 2012 | PAFMX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 81 | 10.00% | — | Jan 1998 | PAFMX vs PEIYX | |
| Putnam Global Technology Fund | Technology Equities | 91 | 44.30% | — | Dec 2008 | PAFMX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 27 | 4.81% | — | Aug 1990 | PAFMX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 59 | 8.74% | — | Sep 2010 | PAFMX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 28 | 9.63% | — | Aug 1999 | PAFMX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 98 | 1.43% | — | Oct 2011 | PAFMX vs PSDYX | |
| Putnam Research Fund | Large Cap Blend Equities | 86 | 14.19% | — | Oct 1995 | PAFMX vs PNRAX |
Often Compared With PAFMX
Investors most often compare PAFMX with VTIVX, LTIUX, FRHMX. These 20 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare PAFMX with Any Fund or Stock
Compare PAFMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PAFMX with funds that move differently
Putnam Retirement Advantage 2045 Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PAFMX.
Explore PAFMX Diversifiers