0000869392-22-002440.txt : 20221114
0000869392-22-002440.hdr.sgml : 20221114
20221114154601
ACCESSION NUMBER: 0000869392-22-002440
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 3
CONFORMED PERIOD OF REPORT: 20220831
FILED AS OF DATE: 20221114
DATE AS OF CHANGE: 20221114
EFFECTIVENESS DATE: 20221114
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Putnam Target Date Funds
CENTRAL INDEX KEY: 0001295293
IRS NUMBER: 000000000
STATE OF INCORPORATION: MA
FISCAL YEAR END: 0731
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-21598
FILM NUMBER: 221384559
BUSINESS ADDRESS:
STREET 1: 100 FEDERAL STREET
CITY: BOSTON
STATE: MA
ZIP: 02110
BUSINESS PHONE: 6172921000
MAIL ADDRESS:
STREET 1: 100 FEDERAL STREET
CITY: BOSTON
STATE: MA
ZIP: 02110
FORMER COMPANY:
FORMER CONFORMED NAME: Putnam RetirementReady Funds
DATE OF NAME CHANGE: 20040624
0001295293
S000067464
Putnam Retirement Advantage 2025 Fund
C000216897
Class Y Shares
C000216898
Class R6 Shares
C000216899
Class R Shares
C000216900
Class C Shares
C000216901
Class B Shares
C000216902
Class A Shares
C000221978
Class R4 Shares
C000221979
Class R5 Shares
C000221980
Class R3 Shares
0001295293
S000067465
Putnam Retirement Advantage Maturity Fund
C000216903
Class A Shares
C000216904
Class B Shares
C000216905
Class C Shares
C000216906
Class R Shares
C000216907
Class Y Shares
C000216908
Class R6 Shares
C000221981
Class R3 Shares
C000221982
Class R4 Shares
C000221983
Class R5 Shares
0001295293
S000067466
Putnam Retirement Advantage 2030 Fund
C000216909
Class B Shares
C000216910
Class C Shares
C000216911
Class R Shares
C000216912
Class R6 Shares
C000216913
Class Y Shares
C000216914
Class A Shares
C000221984
Class R5 Shares
C000221985
Class R3 Shares
C000221986
Class R4 Shares
0001295293
S000067467
Putnam Retirement Advantage 2035 Fund
C000216915
Class B Shares
C000216916
Class A Shares
C000216917
Class C Shares
C000216918
Class R Shares
C000216919
Class R6 Shares
C000216920
Class Y Shares
C000221987
Class R3 Shares
C000221988
Class R4 Shares
C000221989
Class R5 Shares
0001295293
S000067468
Putnam Retirement Advantage 2040 Fund
C000216921
Class B Shares
C000216922
Class C Shares
C000216923
Class R Shares
C000216924
Class R6 Shares
C000216925
Class Y Shares
C000216926
Class A Shares
C000221990
Class R3 Shares
C000221991
Class R4 Shares
C000221992
Class R5 Shares
0001295293
S000067469
Putnam Retirement Advantage 2045 Fund
C000216927
Class Y Shares
C000216928
Class R6 Shares
C000216929
Class R Shares
C000216930
Class C Shares
C000216931
Class B Shares
C000216932
Class A Shares
C000221993
Class R4 Shares
C000221994
Class R3 Shares
C000221995
Class R5 Shares
0001295293
S000067470
Putnam Retirement Advantage 2050 Fund
C000216933
Class A Shares
C000216934
Class B Shares
C000216935
Class C Shares
C000216936
Class R Shares
C000216937
Class Y Shares
C000216938
Class R6 Shares
C000221996
Class R3 Shares
C000221997
Class R4 Shares
C000221998
Class R5 Shares
0001295293
S000067471
Putnam Retirement Advantage 2055 Fund
C000216939
Class A Shares
C000216940
Class B Shares
C000216941
Class C Shares
C000216942
Class R Shares
C000216943
Class R6 Shares
C000216944
Class Y Shares
C000221999
Class R3 Shares
C000222000
Class R4 Shares
C000222001
Class R5 Shares
0001295293
S000067472
Putnam Retirement Advantage 2060 Fund
C000216945
Class A Shares
C000216946
Class B Shares
C000216947
Class C Shares
C000216948
Class R Shares
C000216949
Class Y Shares
C000216950
Class R6 Shares
C000222002
Class R3 Shares
C000222003
Class R5 Shares
C000222004
Class R4 Shares
0001295293
S000070572
Putnam Retirement Advantage 2065 Fund
C000224154
Class Y
C000224155
Class R6
C000224156
Class R5
C000224157
Class R4
C000224158
Class A
C000224159
Class R
C000224160
Class C
C000224161
Class B
C000224162
Class R3
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225 FRANKLIN STREET
BOSTON
02110
1-617-786-3000
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Putnam Investment Management, LLC
100 FEDERAL STREET
BOSTON
02110
1-800-225-1581
Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder
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100 FEDERAL STREET
BOSTON
02110
1-800-225-1581
Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder
State Street Bank and Trust Company
2 AVENUE DE LAFAYETTE
BOSTON
02111
1-617-786-3000
Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder
Putnam Investor Services, Inc.
100 FEDERAL STREET
BOSTON
02110
1-800-225-1581
Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder
Higgins Michael J.
100 FEDERAL STREET
BOSTON
02110
1-800-225-1581
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Pillai Marie
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Sutphen Mona K
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Putnam, III George
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Domotorffy Katinka
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Baumann Barbara M
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Reynolds Robert L
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Leibler Kenneth R
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Ahamed Liaquat
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Singh Manoj P
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Clark James F
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Rule 17a-7 (17 CFR 270.17a-7)
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Putnam Retirement Advantage 2030 Fund
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Rule 17a-6 (17 CFR 270.17a-6)
Rule 17a-7 (17 CFR 270.17a-7)
Rule 12d1-4 (17 CFR 270.12d1-4)
Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))
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Putnam Retirement Advantage 2035 Fund
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Target Date Fund
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Rule 32a-4 (17 CFR 270.32a-4)
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 17a-6 (17 CFR 270.17a-6)
Rule 17a-7 (17 CFR 270.17a-7)
Rule 12d1-4 (17 CFR 270.12d1-4)
Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))
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Rule 17a-7 (17 CFR 270.17a-7)
Rule 12d1-4 (17 CFR 270.12d1-4)
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Putnam Investor Services, Inc.
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Putnam Retirement Advantage 2045 Fund
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Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 17a-6 (17 CFR 270.17a-6)
Rule 17a-7 (17 CFR 270.17a-7)
Rule 12d1-4 (17 CFR 270.12d1-4)
Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))
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Putnam Investment Management, LLC
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Putnam Investments Limited
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000122254
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Putnam Investor Services, Inc.
84-06331
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State Street Bank and Trust Company
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N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
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Putnam Investor Services, Inc.
N/A
Y
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N
N
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0
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0.00
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Putnam Retirement Advantage 2050 Fund
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Target Date Fund
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Rule 32a-4 (17 CFR 270.32a-4)
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 17a-6 (17 CFR 270.17a-6)
Rule 17a-7 (17 CFR 270.17a-7)
Rule 12d1-4 (17 CFR 270.12d1-4)
Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))
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Y
N
N
Putnam Investment Management, LLC
801-7974
000106629
N/A
N
Putnam Investments Limited
801-61441
000122254
N/A
Y
GB
N
Putnam Investor Services, Inc.
84-06331
N/A
Y
N
N
N
State Street Bank and Trust Company
N/A
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
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Putnam Investor Services, Inc.
N/A
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Putnam Retirement Advantage 2055 Fund
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Target Date Fund
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Rule 17a-6 (17 CFR 270.17a-6)
Rule 17a-7 (17 CFR 270.17a-7)
Rule 12d1-4 (17 CFR 270.12d1-4)
Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))
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Putnam Investment Management, LLC
801-7974
000106629
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Putnam Investments Limited
801-61441
000122254
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Putnam Investor Services, Inc.
84-06331
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State Street Bank and Trust Company
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N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
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Putnam Investor Services, Inc.
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Putnam Retirement Advantage 2060 Fund
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Target Date Fund
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Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 17a-6 (17 CFR 270.17a-6)
Rule 17a-7 (17 CFR 270.17a-7)
Rule 12d1-4 (17 CFR 270.12d1-4)
Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))
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Y
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Putnam Investment Management, LLC
801-7974
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Putnam Investments Limited
801-61441
000122254
N/A
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Putnam Investor Services, Inc.
84-06331
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State Street Bank and Trust Company
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Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
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Rule 32a-4 (17 CFR 270.32a-4)
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 17a-6 (17 CFR 270.17a-6)
Rule 17a-7 (17 CFR 270.17a-7)
Rule 12d1-4 (17 CFR 270.12d1-4)
Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))
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Y
N
N
Putnam Investment Management, LLC
801-7974
000106629
N/A
N
Putnam Investments Limited
801-61441
000122254
N/A
Y
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Putnam Investor Services, Inc.
84-06331
N/A
Y
N
N
N
State Street Bank and Trust Company
N/A
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
Putnam Investor Services, Inc.
N/A
Y
N
N
N
0
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N
13587621.41
0.00
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N
N
N
Putnam Retirement Advantage 2065 Fund
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Target Date Fund
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N
N
N
N/A
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0.00
Rule 22d-1 (17 CFR 270.22d-1)
Rule 32a-4 (17 CFR 270.32a-4)
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 17a-6 (17 CFR 270.17a-6)
Rule 17a-7 (17 CFR 270.17a-7)
Rule 12d1-4 (17 CFR 270.12d1-4)
Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))
Y
Y
N
N
Putnam Investment Management, LLC
801-7974
000106629
N/A
N
Putnam Investments Limited
801-61441
000122254
N/A
Y
GB
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Putnam Investor Services, Inc.
84-06331
N/A
Y
N
N
N
State Street Bank and Trust Company
N/A
N
N
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INTERNAL CONTROL RPT
2
G.1.a.iii.txt
INFORMATION ABOUT THE REGISTRANT
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Putnam Target Date Funds and
Shareholders of Putnam Retirement Advantage 2065 Fund, Putnam
Retirement Advantage 2060 Fund, Putnam Retirement Advantage 2055
Fund, Putnam Retirement Advantage 2050 Fund, Putnam Retirement
Advantage 2045 Fund, Putnam Retirement Advantage 2040 Fund,
Putnam Retirement Advantage 2035 Fund, Putnam Retirement
Advantage 2030 Fund, Putnam Retirement Advantage 2025 Fund and
Putnam Retirement Advantage Maturity Fund:
In planning and performing our audit of the financial statements
of the funds listed in Appendix A (constituting Putnam Target
Date Funds, hereafter collectively referred to as the Funds )
as of and for the year ended August 31, 2022 as listed in
Appendix A, in accordance with the standards of the Public
Company Accounting Oversight Board (United States) (PCAOB), we
considered the Funds internal control over financial reporting,
including controls over safeguarding securities, as a basis for
designing our auditing procedures for the purpose of expressing
our opinion on the financial statements and to comply with the
requirements of Form N-CEN, but not for the purpose of
expressing an opinion on the effectiveness of the Funds internal
control over financial reporting. Accordingly, we do not
express an opinion on the effectiveness of the Funds internal
control over financial reporting.
The management of the Funds is responsible for establishing and
maintaining effective internal control over financial reporting.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls. A companys internal control over
financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and
the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles. A
companys internal control over financial reporting includes
those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail, accurately
and fairly reflect the transactions and dispositions of the
assets of the company; (2) provide reasonable assurance that
transactions are recorded as necessary to permit preparation of
financial statements in accordance with generally accepted
accounting principles, and that receipts and expenditures of the
company are being made only in accordance with authorizations of
management and directors of the company; and (3) provide
reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of a companys
assets that could have a material effect on the financial
statements.
Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.
A deficiency in internal control over financial reporting exists
when the design or operation of a control does not allow
management or employees, in the normal course of performing
their assigned functions, to prevent or detect misstatements on
a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial
reporting, such that there is a reasonable possibility that a
material misstatement of the companys annual or interim
financial statements will not be prevented or detected on a
timely basis.
Our consideration of the Funds internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies in
internal control over financial reporting that might be material
weaknesses under standards established by the PCAOB. However,
we noted no deficiencies in the Funds internal control over
financial reporting and their operation, including controls over
safeguarding securities, that we consider to be material
weaknesses as defined above as of August 31, 2022.
This report is intended solely for the information and use of
the Board of Trustees of Putnam Target Date Funds and the
Securities and Exchange Commission and is not intended to be and
should not be used by anyone other than these specified parties.
PricewaterhouseCoopers LLP
Boston, Massachusetts
October 13, 2022
Appendix A
Putnam Retirement Advantage 2065 Fund
Putnam Retirement Advantage 2060 Fund
Putnam Retirement Advantage 2055 Fund
Putnam Retirement Advantage 2050 Fund
Putnam Retirement Advantage 2045 Fund
Putnam Retirement Advantage 2040 Fund
Putnam Retirement Advantage 2035 Fund
Putnam Retirement Advantage 2030 Fund
Putnam Retirement Advantage 2025 Fund
Putnam Retirement Advantage Maturity Fund
1 of 1
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PricewaterhouseCoopers LLP, 101 Seaport Boulevard, Suite 500, Boston, MA 02210
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INTERNAL CONTROL RPT
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G.1.a.iiiuv4.txt
INFORMATION ABOUT THE REGISTRANT
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Putnam Target Date Funds and
Shareholders of Putnam Retirement Advantage 2065 Fund, Putnam
Retirement Advantage 2060 Fund, Putnam Retirement Advantage 2055
Fund, Putnam Retirement Advantage 2050 Fund, Putnam Retirement
Advantage 2045 Fund, Putnam Retirement Advantage 2040 Fund,
Putnam Retirement Advantage 2035 Fund, Putnam Retirement
Advantage 2030 Fund, Putnam Retirement Advantage 2025 Fund and
Putnam Retirement Advantage Maturity Fund:
In planning and performing our audit of the financial statements
of the funds listed in Appendix A (constituting Putnam Target
Date Funds, hereafter collectively referred to as the Funds )
as of and for the year ended August 31, 2022 as listed in
Appendix A, in accordance with the standards of the Public
Company Accounting Oversight Board (United States) (PCAOB), we
considered the Funds internal control over financial reporting,
including controls over safeguarding securities, as a basis for
designing our auditing procedures for the purpose of expressing
our opinion on the financial statements and to comply with the
requirements of Form N-CEN, but not for the purpose of
expressing an opinion on the effectiveness of the Funds internal
control over financial reporting. Accordingly, we do not
express an opinion on the effectiveness of the Funds internal
control over financial reporting.
The management of the Funds is responsible for establishing and
maintaining effective internal control over financial reporting.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls. A companys internal control over
financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and
the preparation of financial statements for external purposes in
accordance with generally accepted accounting principles. A
companys internal control over financial reporting includes
those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail, accurately
and fairly reflect the transactions and dispositions of the
assets of the company; (2) provide reasonable assurance that
transactions are recorded as necessary to permit preparation of
financial statements in accordance with generally accepted
accounting principles, and that receipts and expenditures of the
company are being made only in accordance with authorizations of
management and directors of the company; and (3) provide
reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of a companys
assets that could have a material effect on the financial
statements.
Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.
A deficiency in internal control over financial reporting exists
when the design or operation of a control does not allow
management or employees, in the normal course of performing
their assigned functions, to prevent or detect misstatements on
a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial
reporting, such that there is a reasonable possibility that a
material misstatement of the companys annual or interim
financial statements will not be prevented or detected on a
timely basis.
Our consideration of the Funds internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies in
internal control over financial reporting that might be material
weaknesses under standards established by the PCAOB. However,
we noted no deficiencies in the Funds internal control over
financial reporting and their operation, including controls over
safeguarding securities, that we consider to be material
weaknesses as defined above as of August 31, 2022.
This report is intended solely for the information and use of
the Board of Trustees of Putnam Target Date Funds and the
Securities and Exchange Commission and is not intended to be and
should not be used by anyone other than these specified parties.
PricewaterhouseCoopers LLP
Boston, Massachusetts
October 13, 2022
Appendix A
Putnam Retirement Advantage 2065 Fund
Putnam Retirement Advantage 2060 Fund
Putnam Retirement Advantage 2055 Fund
Putnam Retirement Advantage 2050 Fund
Putnam Retirement Advantage 2045 Fund
Putnam Retirement Advantage 2040 Fund
Putnam Retirement Advantage 2035 Fund
Putnam Retirement Advantage 2030 Fund
Putnam Retirement Advantage 2025 Fund
Putnam Retirement Advantage Maturity Fund
1 of 1
1 of 1
PricewaterhouseCoopers LLP, 101 Seaport Boulevard, Suite 500, Boston, MA 02210
T: (617)530 5000, F: (617) 530 5001, www.pwc.com/us