Putnam Retirement Advantage 2025 Fund (PBATX)
The investment seeks capital appreciation and current income consistent with a decreasing emphasis on capital appreciation and an increasing emphasis on current income as it approaches its target date. 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 2025 (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.
Fund Info
US74686J8642
Dec 30, 2019
$0
Large-Cap
Blend
Expense Ratio
PBATX features an expense ratio of 0.45%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Putnam Retirement Advantage 2025 Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Putnam Retirement Advantage 2025 Fund had a return of 1.93% year-to-date (YTD) and 10.86% in the last 12 months.
PBATX
1.93%
1.15%
2.17%
10.86%
3.34%
N/A
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PBATX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.26% | 1.93% | |||||||||||
| 2024 | 0.61% | 1.12% | 2.21% | -2.45% | 2.21% | 1.77% | 2.13% | 1.61% | 1.31% | -1.56% | 1.68% | -1.24% | 9.65% |
| 2023 | 3.75% | -1.81% | 1.62% | 0.75% | -0.63% | 1.70% | 1.05% | -0.72% | -2.29% | -1.60% | 5.53% | 4.18% | 11.76% |
| 2022 | -2.80% | -1.44% | -0.78% | -4.92% | 0.62% | -4.52% | 4.09% | -2.59% | -4.99% | 1.79% | 3.73% | -3.18% | -14.49% |
| 2021 | -0.47% | 0.38% | 0.65% | 2.04% | 0.82% | 1.62% | 0.80% | 1.06% | -1.83% | 1.15% | -0.61% | -2.43% | 3.12% |
| 2020 | 0.20% | -1.99% | -6.08% | 4.97% | 1.95% | 1.72% | 2.78% | 1.83% | -1.52% | -1.35% | 5.07% | 1.27% | 8.63% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 85, PBATX is among the top 15% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Putnam Retirement Advantage 2025 Fund (PBATX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Putnam Retirement Advantage 2025 Fund provided a 3.75% dividend yield over the last twelve months, with an annual payout of $0.40 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.40 | $0.34 | $0.08 | $0.38 | $0.18 |
Dividend yield | 3.75% | 3.83% | 3.44% | 0.89% | 3.53% | 1.65% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Retirement Advantage 2025 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2020 | $0.18 | $0.18 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Retirement Advantage 2025 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam Retirement Advantage 2025 Fund was 20.25%, occurring on Oct 20, 2022. Recovery took 460 trading sessions.
The current Putnam Retirement Advantage 2025 Fund drawdown is 0.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.25% | Nov 10, 2021 | 238 | Oct 20, 2022 | 460 | Aug 21, 2024 | 698 |
| -14.37% | Feb 21, 2020 | 21 | Mar 20, 2020 | 80 | Jul 15, 2020 | 101 |
| -3.76% | Sep 3, 2020 | 41 | Oct 30, 2020 | 11 | Nov 16, 2020 | 52 |
| -3.07% | Dec 9, 2024 | 23 | Jan 13, 2025 | — | — | — |
| -2.83% | Feb 16, 2021 | 13 | Mar 4, 2021 | 25 | Apr 9, 2021 | 38 |
Volatility
Volatility Chart
The current Putnam Retirement Advantage 2025 Fund volatility is 1.26%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.