# EDGAR Filing Document

**Accession Number:** 0001295293
**File Stem:** 0002071691-26-008616
**Filing Date:** 2026-4
**Character Count:** 5793
**Document Hash:** 935a96e713f31496755cb9d5334773b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-008616.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0002071691-26-008616

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Putnam Target Date Funds
- **CENTRAL INDEX KEY:** 0001295293

**ORGANIZATION NAME:**
- **EIN:** 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:** 26887693

**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

## Series and Classes Contracts Data

### Putnam Retirement Advantage 2040 Fund (Series ID: S000067468)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| 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           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Putnam Target Date Funds

- **b. Investment Company Act file number:** 811-21598

- **c. CIK number of Registrant:** 0001295293

- **d. LEI of Registrant:** 5493005X9RIMZKJNE675

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Federal Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 617-292-1000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Putnam Retirement Advantage 2040 Fund

- **b. EDGAR series identifier (if any):** S000067468

- **c. LEI of Series:** 5493008F2OF7KJ4RK080

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-28

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $45038986.28

**Total Liabilities:** $54740.97

**Net Assets:** $44984245.31

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000216922 | 0.63%                | 1.75%                | 0.77%                |
| Class ID C000216923 | 0.76%                | 1.77%                | 0.78%                |
| Class ID C000216924 | 0.81%                | 1.85%                | 0.86%                |
| Class ID C000216925 | 0.79%                | 1.85%                | 0.87%                |
| Class ID C000216926 | 0.77%                | 1.77%                | 0.87%                |
| Class ID C000221990 | 0.72%                | 1.77%                | 0.78%                |
| Class ID C000221991 | 0.76%                | 1.76%                | 0.87%                |
| Class ID C000221992 | 0.70%                | 1.85%                | 0.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1734164.46              | $-1983508.27                               |
| Month 2  | $31105.74                | $719642.76                                 |
| Month 3  | $10133.04                | $358318.02                                 |

### Schedule of Portfolio Investments

| Name                                          | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Putnam Dynamic Asset Allocation Balanced Fund | Putnam Dynamic Asset Allocation Balanced Fund, Class P | CUSIP: N/A<br>LEI: N/A                        | Long             |  | RF                | US        |   1392819 | NS      | $24207187.16  | 53.81%            |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Short Term Investment Fund             | Putnam Short Term Investment Fund, Class P             | CUSIP: 74676A451<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |   1537521 | NS      | $1537520.93   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Dynamic Asset Allocation Growth Fund   | Putnam Dynamic Asset Allocation Growth Fund, Class P   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | RF                | US        |    848371 | NS      | $19215608.61  | 42.72%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** Putnam Target Date Funds

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer