- Issuer
- Putnam
- Inception Date
- Jan 3, 2021
- Category
- Target Retirement Date
- Min. Investment
- $500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
PCJSX Performance Chart
Putnam RetirementReady 2065 Fund (PCJSX) is up 7.7% since the beginning of the year. PCJSX is currently trading at $14 per share. Investors who bought $1,000 worth of PCJSX shares 5 years ago would now be looking at an investment worth $1,583.
Loading charts...
Returns By Period
Putnam RetirementReady 2065 Fund (PCJSX) has returned 7.73% so far this year and 19.45% over the past 12 months.
Putnam RetirementReady 2065 Fund
- 1D
- 0.37%
- 1M
- 4.68%
- YTD
- 7.73%
- 6M
- 7.19%
- 1Y
- 19.45%
- 3Y*
- 17.15%
- 5Y*
- 9.62%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.68%
- YTD
- 11.16%
- 6M
- 11.10%
- 1Y
- 27.46%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
PCJSX Monthly Returns History
Based on dividend-adjusted daily data since Jan 11, 2021, PCJSX's average daily return is +0.04%, while the average monthly return is +0.91%. At this rate, an investment would double in approximately 6.4 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2023 with a return of +10.1%, while the worst month was Sep 2022 at -7.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PCJSX closed higher 51% of trading days. The best single day was Nov 10, 2022 with a return of +4.6%, while the worst single day was Apr 4, 2025 at -5.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.16% | 0.08% | -5.12% | 8.55% | 3.98% | 0.37% | 7.73% | ||||||
| 2025 | 4.17% | -2.98% | -5.50% | 1.11% | 5.75% | 3.76% | 1.16% | 1.07% | 2.87% | 1.91% | 0.72% | -0.29% | 14.05% |
| 2024 | 2.02% | 5.49% | 3.33% | -4.21% | 5.34% | 1.88% | 0.80% | 2.15% | 1.95% | -2.60% | 4.63% | -4.55% | 16.75% |
| 2023 | 6.38% | -2.73% | 2.92% | 0.63% | 0.73% | 5.08% | 2.37% | -1.64% | -4.80% | -2.06% | 10.08% | 5.35% | 23.50% |
| 2022 | -4.83% | -2.35% | 2.12% | -7.35% | 0.31% | -7.61% | 6.92% | -2.98% | -7.83% | 6.43% | 5.93% | -4.53% | -16.15% |
| 2021 | -1.87% | 2.40% | 2.54% | 3.91% | 1.38% | 2.08% | 0.80% | 2.46% | -4.38% | 4.40% | -1.55% | 3.38% | 16.29% |
Benchmark Metrics
Putnam RetirementReady 2065 Fund has an annualized alpha of -0.79%, beta of 0.84, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since January 12, 2021.
- This fund participated in 94.77% of S&P 500 Index downside but only 84.42% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.79%
- Beta
- 0.84
- R²
- 0.91
- Upside Capture
- 84.42%
- Downside Capture
- 94.77%
Expense Ratio
PCJSX has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
PCJSX ranks 36 for risk / return — below 36% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam RetirementReady 2065 Fund (PCJSX) and compare them to S&P 500 Index.
| PCJSX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.70 | 2.39 | -0.68 |
Sortino ratioReturn per unit of downside risk | 2.40 | 3.25 | -0.86 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.43 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.11 | -0.93 |
Martin ratioReturn relative to average drawdown | 9.05 | 14.38 | -5.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Putnam RetirementReady 2065 Fund provided a 9.52% dividend yield over the last twelve months, with an annual payout of $1.30 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.30 | $1.30 | $0.48 | $0.15 | $0.44 | $0.65 |
Dividend yield | 9.52% | 10.26% | 3.90% | 1.39% | 4.88% | 5.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam RetirementReady 2065 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 | $1.30 | $1.30 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2021 | $0.65 | $0.65 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam RetirementReady 2065 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 RetirementReady 2065 Fund was 22.45%, occurring on Sep 30, 2022. Recovery took 301 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -22.45%Sep 2022 | 10mo 25d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 |
2025 selloff2025 | -19.76%Apr 2025 | 4mo | 2mo 23d | 6mo 23dDec 2024 - Jun 2025 |
2026 pullback2026 | -9.36%Mar 2026 | 2mo 16d | 18d | 3mo 4dJan 2026 - Apr 2026 |
2024 pullback2024 | -8.68%Aug 2024 | 19d | 1mo 15d | 2mo 4dJul 2024 - Sep 2024 |
2024 pullback2024 | -5.86%Apr 2024 | 18d | 25d | 1mo 13dApr 2024 - May 2024 |
Drawdown Indicators
| PCJSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.45% | -56.78% | +34.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -9.10% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -19.76% | -18.90% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -22.45% | -25.43% | +2.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -10.72% | +5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 1.97% | +0.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with PCJSX
Add Putnam RetirementReady 2065 Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with PCJSX