- Issuer
- Putnam
- Inception Date
- Dec 29, 2020
- Category
- Target Retirement Date
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
PCKEX Performance Chart
Putnam Retirement Advantage 2065 Fund (PCKEX) is up 11.4% since the beginning of the year. PCKEX is currently trading at $15 per share. Investors who bought $1,000 worth of PCKEX shares 5 years ago would now be looking at an investment worth $1,833.
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Returns By Period
Putnam Retirement Advantage 2065 Fund (PCKEX) has returned 11.37% so far this year and 27.99% over the past 12 months.
Putnam Retirement Advantage 2065 Fund
- 1D
- 1.19%
- 1M
- 1.53%
- YTD
- 11.37%
- 6M
- 11.01%
- 1Y
- 27.99%
- 3Y*
- 21.47%
- 5Y*
- 12.89%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PCKEX Monthly Returns History
Based on dividend-adjusted daily data since Jan 11, 2021, PCKEX's average daily return is +0.06%, while the average monthly return is +1.14%. At this rate, an investment would double in approximately 5.1 years.
Historically, 68% of months were positive and 32% were negative. The best month was Dec 2023 with a return of +11.4%, while the worst month was Sep 2022 at -8.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PCKEX closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +8.2%, while the worst single day was Jan 2, 2024 at -6.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.77% | 0.85% | -5.27% | 8.69% | 4.03% | 0.33% | 11.37% | ||||||
| 2025 | 3.02% | -0.79% | -4.48% | 0.67% | 5.74% | 4.64% | 1.05% | 2.83% | 3.47% | 1.54% | 0.34% | 0.97% | 20.28% |
| 2024 | -4.19% | 4.93% | 3.81% | -3.50% | 5.04% | 2.61% | 1.23% | 2.92% | 1.58% | -1.55% | 4.89% | -2.59% | 15.56% |
| 2023 | 6.98% | -1.79% | 2.57% | 1.15% | 0.10% | 6.09% | 3.21% | -1.98% | -4.04% | -2.20% | 9.02% | 11.44% | 33.53% |
| 2022 | -5.34% | -2.59% | 2.18% | -8.17% | 0.30% | -8.37% | 7.70% | -3.37% | -8.56% | 6.94% | 6.59% | -5.13% | -18.16% |
| 2021 | -1.95% | 2.68% | 2.80% | 4.14% | 1.45% | 2.32% | 0.87% | 2.67% | -4.54% | 4.93% | -1.85% | 3.56% | 17.98% |
Benchmark Metrics
Putnam Retirement Advantage 2065 Fund has an annualized alpha of 1.40%, beta of 0.91, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since January 11, 2021.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (91.42%) than losses (88.40%) - typical of diversified or defensive assets.
- With beta of 0.91 and R2 of 0.91, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.40%
- Beta
- 0.91
- R²
- 0.91
- Upside Capture
- 91.42%
- Downside Capture
- 88.40%
Expense Ratio
PCKEX has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PCKEX ranks 71 for risk / return — better than 71% 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 2065 Fund (PCKEX) 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.
| PCKEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 2.78 | +0.42 |
| Martin ratioReturn relative to average drawdown | 14.18 | 12.44 | +1.74 |
Dividends
Dividend History
Putnam Retirement Advantage 2065 Fund provided a 6.61% dividend yield over the last twelve months, with an annual payout of $1.01 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $1.01 | $1.01 | $0.73 | $0.60 | $0.48 | $0.69 |
Dividend yield | 6.61% | 7.36% | 5.95% | 5.37% | 5.36% | 6.01% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam Retirement Advantage 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 | $1.01 | $1.01 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.73 | $0.73 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2022 | $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 |
| 2021 | $0.69 | $0.69 |
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 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 Retirement Advantage 2065 Fund was 24.84%, occurring on Sep 30, 2022. Recovery took 302 trading sessions.
The current Putnam Retirement Advantage 2065 Fund drawdown is 0.46%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -24.84%Sep 2022 | 10mo 25d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 |
2025 selloff2025 | -16.95%Apr 2025 | 1mo 18d | 1mo 27d | 3mo 15dFeb 2025 - Jun 2025 |
2026 pullback2026 | -8.65%Mar 2026 | 1mo 2d | 15d | 1mo 17dFeb 2026 - Apr 2026 |
2024 pullback2024 | -8.39%Aug 2024 | 19d | 25d | 1mo 14dJul 2024 - Aug 2024 |
2024 pullback2024 | -7.31%Jan 2024 | 2d | 1mo 19d | 1mo 21dJan 2024 - Feb 2024 |
Drawdown Indicators
| PCKEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.84% | -56.78% | +31.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -9.10% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.95% | -18.90% | +1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -24.84% | -25.43% | +0.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.46% | -1.80% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -10.71% | +5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.03% | -0.08% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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