0000869392-24-001516.txt : 20240726 0000869392-24-001516.hdr.sgml : 20240726 20240726162820 ACCESSION NUMBER: 0000869392-24-001516 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240531 FILED AS OF DATE: 20240726 DATE AS OF CHANGE: 20240726 PERIOD START: 20240831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Putnam Target Date Funds CENTRAL INDEX KEY: 0001295293 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21598 FILM NUMBER: 241147317 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 S000067468 Putnam Retirement Advantage 2040 Fund C000216922 Class C Shares PBBZX C000216923 Class R Shares PBAOX C000216924 Class R6 Shares PBAMX C000216925 Class Y Shares PALZX C000216926 Class A Shares PCCLX C000221990 Class R3 Shares PAGKX C000221991 Class R4 Shares PAGJX C000221992 Class R5 Shares PAGOX NPORT-P 1 primary_doc.xml NPORT-P false 0001295293 XXXXXXXX S000067468 C000216925 C000216922 C000216926 C000216923 C000221991 C000221990 C000216924 C000221992 Putnam Target Date Funds 811-21598 0001295293 5493005X9RIMZKJNE675 100 FEDERAL STREET BOSTON 02110 1-800-225-1581 Putnam Retirement Advantage 2040 Fund S000067468 5493008F2OF7KJ4RK080 2024-08-31 2024-05-31 N 16022739.23 23921.29 15998817.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N PUTNAM DYNAMIC ASSET ALLOCATION BALANCED FUND 549300QO7FH593DLXC23 MUTUAL FUND N/A 369716.18 NS USD 6092922.56 38.083579591058 Long EC RF US N 1 N N N PUTNAM SHORT TERM INVESTMENT FUND 5493003MK0Q7JP8CPP42 MUTUAL FUND 74676A451 511217.77 NS USD 511217.77 3.195347132749 Long EC RF US N 2 N N N PUTNAM DYNAMIC ASSET ALLOCATION GROWTH FUND 54930008K7GIJC4BGQ63 MUTUAL FUND N/A 460673.37 NS USD 9388523.3 58.682606059259 Long EC RF US N 1 N N N 2024-07-26 Putnam Target Date Funds Kevin R Blatchford Kevin R Blatchford Assistant Treasurer XXXX NPORT-EX 2 b_uu7nport053124.htm QUARTERLY PORTFOLIO HOLDINGS
Putnam Retirement Advantage 2040 Fund
The fund's portfolio
5/31/24 (Unaudited)


ASSET ALLOCATION FUNDS (96.8%)(a)
        Shares Value
Putnam Dynamic Asset Allocation Balanced Fund Class P(AFF) $369,983 $6,097,324
Putnam Dynamic Asset Allocation Growth Fund Class P(AFF) 461,005 9,395,274
Total asset allocation funds (cost $13,661,429) $15,492,598








SHORT-TERM INVESTMENTS (3.2%)(a)
        Shares Value
Putnam Short Term Investment Fund Class G 5.46%(AFF) 514,046 $514,046
Total short-term investments (cost $514,046) $514,046
TOTAL INVESTMENTS
Total investments (cost $14,175,475) $16,006,644












Notes to the fund's portfolio
* Percentages indicated are based on net assets of $16,010,338.
Unless noted otherwise, the notes to the funds' portfolios are for the close of each fund's reporting period, which ran from September 1, 2023 through May 31, 2024 (the reporting period). Within the following notes to the portfolio, references to "ASC 820" represent Accounting Standards Codification ASC 820 Fair Value Measurements and Disclosures.
Security valuation: The price of the fund’s shares is based on its net asset value (NAV), which is in turn based on the NAVs of the underlying Putnam Funds in which it invests, which are classified as Level 1 or Level 2 securities under Accounting Standards Codification Fair Value Measurements and Disclosures (ASC 820). The NAVs of the underlying Putnam Funds are determined based on the policies contained in each underlying Putnam Fund’s financial statements. The NAV per share of each class equals the total value of its assets, less its liabilities, divided by the number of its outstanding shares. Shares are only valued as of the close of regular trading on the New York Stock Exchange each day the exchange is open.
ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of each fund’s investments. The three levels are defined as follows:
Level 1: Valuations based on quoted prices for identical securities in active markets.
Level 2: Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.
Level 3: Valuations based on inputs that are unobservable and significant to the fair value measurement.
The following is a summary of the inputs used to value the funds' net assets as of the close of the reporting period:
            Valuation inputs  
Investments in securities:       Level 1 Level 2 Level 3  
Asset Allocation Funds       $15,492,598 $— $—  
Short-Term Investments       — 514,046 —  
         
 
Totals by level           $15,492,598 $514,046 $—  
Affiliated transactions
(AFF) Affiliated company. Transactions during the reporting period with a company which is under common ownership or control, or involving securities of companies in which a fund owned at least 5% of the voting securities, were as follows:
Affiliates Fair value as of 8/31/23 Purchase cost Sale proceeds Investment income Capital gain distributions Realized gain (loss) Change in unrealized appreciation (depreciation) Shares outstanding as of 5/31/24 Fair value as of 5/31/24
Putnam Dynamic Asset Allocation Balanced Fund Class P $3,322,039 $2,809,287 $600,289 $67,289 $63,825 $(50,434) $616,721 369,983 $6,097,324
Putnam Dynamic Asset Allocation Growth Fund Class P 6,878,756 3,381,264 1,932,341 206,650 141,028 (165,110) 1,232,705 461,005 9,395,274
Putnam Short Term Investment Fund Class G 329,785 253,142 68,881 16,228 — — — 514,046 514,046
Totals $10,530,580 $6,443,693 $2,601,511 $290,167 $204,853 $(215,544) $1,849,426 $16,006,644
For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnam.com