PAENX

About PAENX

Putnam Retirement Advantage 2050 Fund Class C is a target-date mutual fund designed for investors planning to retire around 2050. It pursues a glide path that emphasizes capital appreciation in earlier years and gradually shifts toward income and capital preservation as the target date approaches, allocating across underlying Putnam strategies spanning equities, fixed income, and cash equivalents. The portfolio is implemented primarily through Putnam’s dynamic asset allocation funds, with the Growth and Equity sleeves representing the bulk of assets, providing diversified exposure to U.S. and international stocks alongside tactical risk management. The fund’s structure is intended to offer a single, age-based solution that automatically rebalances over time, aligning asset mix with a typical investor’s evolving risk profile through retirement. As a Class C share class, it features ongoing distribution and service fees embedded in the expense ratio, which independent analysts note are relatively high for the peer group. This product serves retirement savers seeking a professionally managed, set-it-and-monitor solution within the target-date 2050 category.