PBATX

About PBATX

Putnam Retirement Advantage 2025 Fund Class R6 is a target-date mutual fund designed for investors nearing retirement around 2025. The fund’s primary purpose is to deliver a diversified, age-appropriate mix of assets that gradually shifts from growth to capital preservation as the target date approaches. According to the sponsor, allocation decisions are guided by the retirement date, and the portfolio invests in a range of underlying Putnam funds to achieve broad exposure across equities, fixed income, and cash equivalents, offering multi-asset diversification in a single vehicle. The fund operates as a fund-of-funds structure, using Putnam strategies to implement its glide path and maintain risk management across market cycles. As of mid-2025, the sponsor disclosed that the fund is scheduled to merge into Putnam Retirement Advantage Maturity Fund, reflecting its transition into a more conservative, near-retirement allocation stage. This structure and lifecycle positioning make it a core option within defined contribution plans and retirement platforms seeking automated, professionally managed asset allocation aligned with a specific retirement horizon.