Putnam Investments Announces Distribution Rates for Open-End Funds

BOSTON–(BUSINESS WIRE)–The Trustees of The Putnam Funds have declared the following distributions.

Ex Date

Distribution Per Share

Fund

Record Date

Pay Date

Class A

Class B

Class C

Class R

Class Y

Class R5

Class R6

Class R3

Class R4

Putnam Retirement Advantage 2025 Fund

12/30/22

PBDLX

N/A

PRTJX

PRTWX

PLZYX

PAFNX

PBATX

PAFLX

PAFKX

*Investment Income :

0.0360

N/A

0.0000

0.0090

0.0710

0.0810

0.0320

0.0640

**Long Term Capital Gain :

0.1390

N/A

0.1390

Total Distribution :

0.1750

0.1390

0.1480

0.2100

0.2200

0.1710

0.2030

Putnam Retirement Advantage 2030 Fund

12/30/22

PDLTX

N/A

PDLKX

PDKAX

PDGKX

PAFVX

PDIZX

PAFOX

PAFQX

*Investment Income :

0.1360

N/A

0.0750

0.0890

0.1530

0.1520

0.1620

0.1130

0.1440

**Long Term Capital Gain :

0.5180

N/A

0.5180

Total Distribution :

0.6540

0.5930

0.6070

0.6710

0.6700

0.6800

0.6310

0.6620

Putnam Retirement Advantage 2035 Fund

12/30/22

PDFLX

N/A

PDAWX

PDAKX

POWYX

PAFYX

PCDLX

PAFWX

PAFUX

*Investment Income :

0.0380

N/A

0.0000

0.0550

0.0650

0.0160

0.0470

**Long Term Capital Gain :

0.6930

N/A

0.6930

Total Distribution :

0.7310

0.6930

0.7480

0.7580

0.7090

0.7400

Putnam Retirement Advantage 2040 Fund

12/30/22

PCCLX

N/A

PBBZX

PBAOX

PALZX

PAGOX

PBAMX

PAGKX

PAGJX

*Investment Income :

0.1040

N/A

0.0290

0.0570

0.1220

0.1320

0.0820

0.1140

**Long Term Capital Gain :

0.9710

N/A

0.9710

Total Distribution :

1.0750

1.0000

1.0280

1.0930

1.1030

1.0530

1.0850

Putnam Retirement Advantage 2045 Fund

12/30/22

PALGX

N/A

PAFPX

PAFZX

PAFJX

PAGWX

PAFMX

PAGQX

PAGUX

*Investment Income :

0.1050

N/A

0.0280

0.0580

0.1230

0.1340

0.0830

0.1160

**Long Term Capital Gain :

0.9190

N/A

0.9190

Total Distribution :

1.0240

0.9470

0.9770

1.0420

1.0530

1.0020

1.0350

Putnam Retirement Advantage 2050 Fund

12/30/22

PAEZX

N/A

PAENX

PAEQX

PHPDX

PAHDX

PAEKX

PAGZX

PAHAX

*Investment Income :

0.0740

N/A

0.0000

0.0180

0.0830

0.0820

0.0920

0.0430

0.0750

**Long Term Capital Gain :

0.8690

N/A

0.8690

Total Distribution :

0.9430

0.8690

0.8870

0.9520

0.9510

0.9610

0.9120

0.9440

Putnam Retirement Advantage 2055 Fund

12/30/22

PADYX

N/A

PACWX

PACSX

PAAWX

PAHGX

PACJX

PAHEX

PAHFX

*Investment Income :

0.0550

N/A

0.0000

0.0030

0.0680

0.0780

0.0280

0.0580

**Long Term Capital Gain :

0.7670

N/A

0.7670

Total Distribution :

0.8220

0.7670

0.7700

0.8350

0.8450

0.7950

0.8250

Putnam Retirement Advantage 2060 Fund

12/30/22

PAAVX

N/A

PAAPX

PAAMX

PAKJX

PAHLX

PAAKX

PAHJX

PAHKX

*Investment Income :

0.0270

N/A

0.0000

0.0450

0.0550

0.0060

0.0360

**Long Term Capital Gain :

0.5530

N/A

0.5530

Total Distribution :

0.5800

0.5530

0.5980

0.6080

0.5590

0.5890

Putnam Retirement Advantage 2065 Fund

12/30/22

PCJZX

N/A

PCKBX

PCKFX

PCKEX

PCKIX

PCKJX

PCKGX

PCKHX

*Investment Income :

0.0240

N/A

0.0000

0.0400

0.0500

0.0010

0.0350

**Long Term Capital Gain :

0.4360

N/A

0.4360

Total Distribution :

0.4600

0.4360

0.4760

0.4860

0.4370

0.4710

Putnam RetirementReady 2025 Fund

12/30/22

PRROX

N/A

PRRPX

PADKX

PRMFX

PADHX

PADJX

*Investment Income :

1.2460

1.0280

1.1250

1.1830

1.2980

1.2970

1.3170

1.2120

1.2660

**Long Term Capital Gain :

0.4960

Total Distribution :

1.7420

1.5240

1.6210

1.6790

1.7940

1.7930

1.8130

1.7080

1.7620

Putnam RetirementReady 2030 Fund

12/30/22

PRRQX

N/A

PRRTX

PADRX

PREZX

PADOX

PADNX

*Investment Income :

1.3250

1.1490

1.1750

1.2560

1.3720

1.3960

1.2750

1.3360

**Long Term Capital Gain :

0.9220

Total Distribution :

2.2470

2.0710

2.0970

2.1780

2.2940

2.3180

2.1970

2.2580

Putnam RetirementReady 2035 Fund

12/30/22

PRRWX

N/A

PRRYX

PADVX

PREGX

PADUX

PADSX

*Investment Income :

1.1330

0.9230

1.0020

1.0590

1.1820

1.1810

1.2060

1.0680

1.1480

**Long Term Capital Gain :

1.2670

Total Distribution :

2.4000

2.1900

2.2690

2.3260

2.4490

2.4480

2.4730

2.3350

2.4150

Putnam RetirementReady 2040 Fund

12/30/22

PRRZX

N/A

PRZZX

PABTX

PRZZX

PAAUX

PAAYX

*Investment Income :

0.8960

0.7480

0.7710

0.8080

0.9460

0.9450

0.9710

0.8450

0.9100

**Long Term Capital Gain :

2.2480

Total Distribution :

3.1440

2.9960

3.0190

3.0560

3.1940

3.1930

3.2190

3.0930

3.1580

Putnam RetirementReady 2045 Fund

12/30/22

PRVLX

N/A

PRVYX

PACHX

PREKX

PACGX

PACFX

*Investment Income :

0.7300

0.5980

0.5960

0.6130

0.7700

0.7690

0.7940

0.6500

0.7340

**Short Term Capital Gain :

0.0010

**Long Term Capital Gain :

1.7500

Total Distribution :

2.4810

2.3490

2.3470

2.3640

2.5210

2.5200

2.5450

2.4010

2.4850

Putnam RetirementReady 2050 Fund

12/30/22

PRRJX

N/A

PRRKX

PRRUX

PAEJX

PREUX

PADWX

PAEHX

*Investment Income :

0.3580

0.0970

0.2380

0.3000

0.4040

0.4220

0.3250

0.3830

**Long Term Capital Gain :

1.6910

Total Distribution :

2.0490

1.7880

1.9290

1.9910

2.0950

2.1130

2.0160

2.0740

Putnam RetirementReady 2055 Fund

12/30/22

PRRFX

N/A

PRRVX

PRTLX

PAESX

PREVX

PAEOX

PAEPX

*Investment Income :

0.1880

0.0820

0.0810

0.1610

0.2140

0.2120

0.2230

0.1730

0.1960

**Long Term Capital Gain :

0.7770

Total Distribution :

0.9650

0.8590

0.8580

0.9380

0.9910

0.9890

1.0000

0.9500

0.9730

Putnam RetirementReady 2060 Fund

12/30/22

PRTFX

N/A

PRTRX

PRTYX

PAEWX

PEFGX

PAEVX

PAEUX

*Investment Income :

0.1700

0.0830

0.1200

0.1960

0.1930

0.2040

0.1550

0.1850

**Long Term Capital Gain :

0.4860

Total Distribution :

0.6560

0.5690

0.6060

0.6820

0.6790

0.6900

0.6410

0.6710

Putnam RetirementReady 2065 Fund

12/30/22

PCJQX

N/A

PCJRX

PCJUX

PCJSX

PCJIX

PCJYX

PCJVX

PCJWX

*Investment Income :

0.1740

N/A

0.1060

0.1170

0.1820

0.1800

0.1910

0.1410

0.1660

**Short Term Capital Gain :

0.0190

N/A

0.0190

**Long Term Capital Gain :

0.2350

N/A

0.2350

Total Distribution :

0.4280

0.3600

0.3710

0.4360

0.4340

0.4450

0.3950

0.4200

19(a) Notices

Putnam RetirementReady 2025 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $2.446 per share, of which $0.855 represents unrealized depreciation of portfolio securities.

Putnam RetirementReady 2030 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $2.483 per share, of which $1.357 represents unrealized depreciation of portfolio securities.

Putnam RetirementReady 2035 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $2.574 per share, of which $1.731 represents unrealized depreciation of portfolio securities.

Putnam RetirementReady 2040 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $2.486 per share, of which $1.637 represents unrealized depreciation of portfolio securities.

Putnam RetirementReady 2045 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $2.710 per share, of which $2.052 represents unrealized depreciation of portfolio securities.

Putnam RetirementReady 2050 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $2.224 per share, of which $1.629 represents unrealized depreciation of portfolio securities.

Putnam RetirementReady 2055 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $1.390 per share, of which $1.184 represents unrealized depreciation of portfolio securities.

Putnam RetirementReady 2060 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $1.192 per share, of which $0.261 represents unrealized depreciation of portfolio securities.

Putnam RetirementReady 2065 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $0.695 per share, of which $0.666 represents unrealized depreciation of portfolio securities.

Putnam Retirement Advantage 2025 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $1.026 per share, of which $0.925 represents unrealized depreciation of portfolio securities.

Putnam Retirement Advantage 2030 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $1.186 per share, of which $1.195 represents unrealized depreciation of portfolio securities.

Putnam Retirement Advantage 2035 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $1.135 per share, of which $1.214 represents unrealized depreciation of portfolio securities.

Putnam Retirement Advantage 2040 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $0.990 per share, of which $1.247 represents unrealized depreciation of portfolio securities.

Putnam Retirement Advantage 2045 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $0.978 per share, of which $1.268 represents unrealized depreciation of portfolio securities.

Putnam Retirement Advantage 2050 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $0.953 per share, of which $1.227 represents unrealized depreciation of portfolio securities.

Putnam Retirement Advantage 2055 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $0.837 per share, of which $1.156 represents unrealized depreciation of portfolio securities.

Putnam Retirement Advantage 2060 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $0.748 per share, of which $1.045 represents unrealized depreciation of portfolio securities.

Putnam Retirement Advantage 2065 Fund

As of December 14, 2022, the fund had net realized and unrealized losses of $0.836 per share, of which $1.119 represents unrealized depreciation of portfolio securities.

Contacts

PUTNAM SHAREHOLDERS CONTACT: 1-800-225-1581