- ISIN
- US74686J7321
- Issuer
- Putnam
- Inception Date
- Dec 30, 2019
- Category
- Target Retirement Date
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PCDLX Performance Chart
Putnam Retirement Advantage 2035 Fund (PCDLX) is up 6.6% since the beginning of the year. PCDLX is currently trading at $12 per share. Investors who bought $1,000 worth of PCDLX shares 5 years ago would now be looking at an investment worth $1,491.
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Returns By Period
Putnam Retirement Advantage 2035 Fund (PCDLX) has returned 6.62% so far this year and 16.92% over the past 12 months.
Putnam Retirement Advantage 2035 Fund
- 1D
- -0.08%
- 1M
- 1.10%
- YTD
- 6.62%
- 6M
- 6.04%
- 1Y
- 16.92%
- 3Y*
- 15.56%
- 5Y*
- 8.31%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
PCDLX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2020, PCDLX's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 67% of months were positive and 33% were negative. The best month was Dec 2023 with a return of +9.6%, while the worst month was Mar 2020 at -10.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PCDLX closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +4.9%, while the worst single day was Mar 16, 2020 at -7.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.43% | 0.88% | -3.41% | 5.07% | 2.50% | 0.17% | 6.62% | ||||||
| 2025 | 2.33% | 0.09% | -3.09% | 0.56% | 3.36% | 3.25% | 0.61% | 2.09% | 2.39% | 1.08% | 0.58% | 0.59% | 14.56% |
| 2024 | -3.29% | 3.01% | 3.11% | -2.92% | 3.79% | 1.87% | 1.65% | 2.26% | 1.41% | -1.66% | 3.72% | -2.26% | 10.81% |
| 2023 | 5.17% | -1.75% | 1.89% | 0.98% | -0.32% | 3.90% | 1.88% | -1.13% | -2.90% | -1.81% | 6.95% | 9.60% | 23.95% |
| 2022 | -3.85% | -2.05% | 0.86% | -6.32% | 0.40% | -6.72% | 5.91% | -2.74% | -6.58% | 4.25% | 4.82% | -3.21% | -15.18% |
| 2021 | -1.59% | 1.80% | 2.03% | 3.29% | 1.26% | 1.82% | 0.89% | 2.01% | -3.31% | 3.18% | -1.27% | 2.48% | 13.08% |
Benchmark Metrics
Putnam Retirement Advantage 2035 Fund has an annualized alpha of 1.31%, beta of 0.60, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since January 02, 2020.
- This fund participated in 72.02% of S&P 500 Index downside but only 63.92% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.60 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.31%
- Beta
- 0.60
- R²
- 0.88
- Upside Capture
- 63.92%
- Downside Capture
- 72.02%
Expense Ratio
PCDLX has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PCDLX ranks 74 for risk / return — better than 74% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam Retirement Advantage 2035 Fund (PCDLX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PCDLX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.32 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 2.46 | +0.85 |
| Martin ratioReturn relative to average drawdown | 14.35 | 10.92 | +3.43 |
Dividends
Dividend History
Putnam Retirement Advantage 2035 Fund provided a 9.39% dividend yield over the last twelve months, with an annual payout of $1.12 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.12 | $1.12 | $0.71 | $0.46 | $0.76 | $1.63 | $0.19 |
Dividend yield | 9.39% | 10.02% | 6.60% | 4.41% | 8.70% | 14.61% | 1.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Retirement Advantage 2035 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.12 | $1.12 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.71 | $0.71 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.46 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.76 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.63 | $1.63 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam Retirement Advantage 2035 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 2035 Fund was 24.78%, occurring on Mar 23, 2020. Recovery took 94 trading sessions.
The current Putnam Retirement Advantage 2035 Fund drawdown is 0.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -24.78%Mar 2020 | 1mo 1d | 4mo 15d | 5mo 16dFeb 2020 - Aug 2020 |
Bear market2022 | -20.51%Oct 2022 | 11mo 9d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 |
2025 selloff2025 | -10.80%Apr 2025 | 1mo 17d | 1mo 26d | 3mo 13dFeb 2025 - Jun 2025 |
2020 pullback2020 | -5.96%Sep 2020 | 20d | 1mo 19d | 2mo 9dSep 2020 - Nov 2020 |
2024 pullback2024 | -5.91%Jan 2024 | 2d | 1mo 27d | 1mo 29dJan 2024 - Mar 2024 |
Drawdown Indicators
| PCDLX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.78% | -56.78% | +32.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.40% | -9.10% | +3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -10.80% | -18.90% | +8.10% |
Max Drawdown (5Y)Largest decline over 5 years | -20.51% | -25.43% | +4.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.25% | -3.21% | +2.96% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -10.71% | +6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 2.04% | -0.80% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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