PAFPX

About PAFPX

Putnam Retirement Advantage 2045 Fund Class C is a target-date mutual fund designed for investors planning to begin withdrawals around 2045. Its primary goal is to deliver long-term capital appreciation early in the lifecycle while incorporating income and risk reduction as the target date approaches through a defined glide path. The fund allocates across a diversified lineup of underlying Putnam mutual funds, emphasizing equities in the early years and gradually increasing exposure to fixed income and capital preservation strategies over time. It functions as a turnkey, professionally managed retirement solution, offering broad asset-class diversification and systematic rebalancing. The strategy is commonly used in retirement plans and IRAs as a core, age-appropriate allocation that evolves automatically. Class C shares feature a distribution and servicing fee structure distinct from other share classes within the same strategy, paired with a relatively low minimum initial investment. According to public fund profiles, recent holdings have largely consisted of Putnam’s multi-asset allocation and liquidity vehicles, reflecting its fund-of-funds construction and pursuit of balanced growth and risk control as 2045 approaches.