# Putnam Retirement Advantage Plus 2040 Fund

Putnam Retirement Advantage Plus 2040 Fund is a registered fund series of Putnam Target Date Funds (series S000003998). Net assets $417.2M as of 2026-04-30.

## Profile

- Series ID: S000003998
- Registrant: Putnam Target Date Funds
- LEI: 549300GLU2WZ85IJSW84
- Net assets: $417.2M
- Total assets: $417.5M
- As of: 2026-04-30

## Advisers

- [Franklin Advisers, Inc. (Advisor)](https://search.stillhousedata.com/firm/104517)
- [Putnam Investment Management, LLC (Subadvisor)](https://search.stillhousedata.com/firm/106629)
- [Franklin Templeton Investment Management Limited (Subadvisor)](https://search.stillhousedata.com/firm/111360)

## Top holdings (5 reported)

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| Putnam Dynamic Asset Allocation Growth Fund | — | $245.2M | 5877.71% |
| Putnam Dynamic Asset Allocation Balanced Fund | — | $133.3M | 3194.90% |
| [Putnam Short Term Investment Fund](https://search.stillhousedata.com/security/74676A451) | — | $14.2M | 339.21% |
| [Franklin BSP Lending Fund](https://search.stillhousedata.com/security/35243L502) | — | $12.1M | 290.37% |
| [Clarion Partners Real Estate Income Fund, Inc.](https://search.stillhousedata.com/security/180567406) | — | $12.1M | 289.24% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-04-30 | $417.2M |
| 2026-01-31 | $413.5M |
| 2025-10-31 | $404.7M |
| 2025-07-31 | $375.5M |
| 2025-04-30 | $332.2M |
| 2025-01-31 | $343.1M |
| 2024-10-31 | $297.8M |
| 2024-07-31 | $270.6M |

## More

- [Registrant: Putnam Target Date Funds](https://search.stillhousedata.com/registrant/1295293)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000003998.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

---

Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.