# EDGAR Filing Document

**Accession Number:** 0001295293
**File Stem:** 0002071691-25-003391
**Filing Date:** 2025-10
**Character Count:** 5794
**Document Hash:** 5536affe4a584a5d4433dc875da3b183
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-003391.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0002071691-25-003391

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20250831

**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:** 251418385

**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 2045 Fund (Series ID: S000067469)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000216927 | Class Y Shares  | PAFJX           |
| C000216928 | Class R6 Shares | PAFMX           |
| C000216929 | Class R Shares  | PAFZX           |
| C000216930 | Class C Shares  | PAFPX           |
| C000216932 | Class A Shares  | PALGX           |
| C000221993 | Class R4 Shares | PAGUX           |
| C000221994 | Class R3 Shares | PAGQX           |
| C000221995 | Class R5 Shares | PAGWX           |

## 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 2045 Fund

- **b. EDGAR series identifier (if any):** S000067469

- **c. LEI of Series:** 549300QERQTOWNIYE865

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-08-31

**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:** $26875478.37

**Total Liabilities:** $37981.62

**Net Assets:** $26837496.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000216928 | 4.03%                | 0.81%                | 2.48%                |
| Class ID C000221995 | 3.95%                | 0.89%                | 2.40%                |
| Class ID C000221994 | 3.96%                | 0.81%                | 2.41%                |
| Class ID C000221993 | 3.96%                | 0.81%                | 2.49%                |
| Class ID C000216927 | 3.95%                | 0.89%                | 2.41%                |
| Class ID C000216929 | 3.98%                | 0.73%                | 2.43%                |
| Class ID C000216930 | 3.90%                | 0.74%                | 2.35%                |
| Class ID C000216932 | 3.97%                | 0.81%                | 2.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $67921.42                | $977251.45                                 |
| Month 2  | $138176.17               | $64839.07                                  |
| Month 3  | $438548.11               | $203669.78                                 |

### 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 Short Term Investment Fund             | Putnam Short Term Investment Fund, Class P             | CUSIP: 74676A451<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |    677001 | NS      | $677000.82    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Dynamic Asset Allocation Balanced Fund | Putnam Dynamic Asset Allocation Balanced Fund, Class P | CUSIP: N/A<br>LEI: N/A                        | Long             |  | RF                | US        |    105877 | NS      | $1814727.34   | 6.76%             |  |  |  | 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        |   1099992 | NS      | $24320816.44  | 90.62%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

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

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer