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          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>8436686.00</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Advantage 2030 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000067466</mgmtInvSeriesId>
        <mgmtInvLei>549300D7TJLO047IOU74</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>7</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2030 FUND - CLASS A" sharesOutstandingClassId="C000216914" sharesOutstandingTickerSymbol="PDLTX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2030 FUND - CLASS C" sharesOutstandingClassId="C000216910" sharesOutstandingTickerSymbol="PDLKX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2030 FUND - CLASS R" sharesOutstandingClassId="C000216911" sharesOutstandingTickerSymbol="PDKAX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2030 FUND - CLASS R3" sharesOutstandingClassId="C000221985" sharesOutstandingTickerSymbol="PAFOX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2030 FUND - CLASS R4" sharesOutstandingClassId="C000221986" sharesOutstandingTickerSymbol="PAFQX"/>
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          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2030 FUND - CLASS Y" sharesOutstandingClassId="C000216913" sharesOutstandingTickerSymbol="PDGKX"/>
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        <fundTypes>
          <fundType>Fund of Funds</fundType>
          <fundType>Target Date Fund</fundType>
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        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
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        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>8790894.00</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Advantage 2035 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000067467</mgmtInvSeriesId>
        <mgmtInvLei>549300NFPKHNXV3B4R11</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>7</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2035 FUND - CLASS A" sharesOutstandingClassId="C000216916" sharesOutstandingTickerSymbol="PDFLX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2035 FUND - CLASS C" sharesOutstandingClassId="C000216917" sharesOutstandingTickerSymbol="PDAWX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2035 FUND - CLASS R" sharesOutstandingClassId="C000216918" sharesOutstandingTickerSymbol="PDAKX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2035 FUND - CLASS R3" sharesOutstandingClassId="C000221987" sharesOutstandingTickerSymbol="PAFWX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2035 FUND - CLASS R4" sharesOutstandingClassId="C000221988" sharesOutstandingTickerSymbol="PAFUX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2035 FUND - CLASS R5" sharesOutstandingClassId="C000221989" sharesOutstandingTickerSymbol="PAFYX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2035 FUND - CLASS R6" sharesOutstandingClassId="C000216919" sharesOutstandingTickerSymbol="PCDLX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2035 FUND - CLASS Y" sharesOutstandingClassId="C000216920" sharesOutstandingTickerSymbol="POWYX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Fund of Funds</fundType>
          <fundType>Target Date Fund</fundType>
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        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>9446636.00</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Advantage 2040 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000067468</mgmtInvSeriesId>
        <mgmtInvLei>5493008F2OF7KJ4RK080</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>7</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2040 FUND - CLASS A" sharesOutstandingClassId="C000216926" sharesOutstandingTickerSymbol="PCCLX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2040 FUND - CLASS C" sharesOutstandingClassId="C000216922" sharesOutstandingTickerSymbol="PBBZX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2040 FUND - CLASS R" sharesOutstandingClassId="C000216923" sharesOutstandingTickerSymbol="PBAOX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2040 FUND - CLASS R3" sharesOutstandingClassId="C000221990" sharesOutstandingTickerSymbol="PAGKX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2040 FUND - CLASS R4" sharesOutstandingClassId="C000221991" sharesOutstandingTickerSymbol="PAGJX"/>
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          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2040 FUND - CLASS R6" sharesOutstandingClassId="C000216924" sharesOutstandingTickerSymbol="PBAMX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2040 FUND - CLASS Y" sharesOutstandingClassId="C000216925" sharesOutstandingTickerSymbol="PALZX"/>
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        <fundTypes>
          <fundType>Fund of Funds</fundType>
          <fundType>Target Date Fund</fundType>
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        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
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        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>6137807.00</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Advantage 2045 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000067469</mgmtInvSeriesId>
        <mgmtInvLei>549300QERQTOWNIYE865</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>7</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2045 FUND - CLASS A" sharesOutstandingClassId="C000216932" sharesOutstandingTickerSymbol="PALGX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2045 FUND - CLASS C" sharesOutstandingClassId="C000216930" sharesOutstandingTickerSymbol="PAFPX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2045 FUND - CLASS R" sharesOutstandingClassId="C000216929" sharesOutstandingTickerSymbol="PAFZX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2045 FUND - CLASS R3" sharesOutstandingClassId="C000221994" sharesOutstandingTickerSymbol="PAGQX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2045 FUND - CLASS R4" sharesOutstandingClassId="C000221993" sharesOutstandingTickerSymbol="PAGUX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2045 FUND - CLASS R5" sharesOutstandingClassId="C000221995" sharesOutstandingTickerSymbol="PAGWX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2045 FUND - CLASS R6" sharesOutstandingClassId="C000216928" sharesOutstandingTickerSymbol="PAFMX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2045 FUND - CLASS Y" sharesOutstandingClassId="C000216927" sharesOutstandingTickerSymbol="PAFJX"/>
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        <fundTypes>
          <fundType>Fund of Funds</fundType>
          <fundType>Target Date Fund</fundType>
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        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>6658367.00</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Advantage 2050 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000067470</mgmtInvSeriesId>
        <mgmtInvLei>54930073MLFFBDEMXQ17</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>7</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2050 FUND - CLASS A" sharesOutstandingClassId="C000216933" sharesOutstandingTickerSymbol="PAEZX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2050 FUND - CLASS C" sharesOutstandingClassId="C000216935" sharesOutstandingTickerSymbol="PAENX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2050 FUND - CLASS R" sharesOutstandingClassId="C000216936" sharesOutstandingTickerSymbol="PAEQX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2050 FUND - CLASS R3" sharesOutstandingClassId="C000221996" sharesOutstandingTickerSymbol="PAGZX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2050 FUND - CLASS R4" sharesOutstandingClassId="C000221997" sharesOutstandingTickerSymbol="PAHAX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2050 FUND - CLASS R5" sharesOutstandingClassId="C000221998" sharesOutstandingTickerSymbol="PAHDX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2050 FUND - CLASS R6" sharesOutstandingClassId="C000216938" sharesOutstandingTickerSymbol="PAEKX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2050 FUND - CLASS Y" sharesOutstandingClassId="C000216937" sharesOutstandingTickerSymbol="PHPDX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Fund of Funds</fundType>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>3590169.00</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Advantage 2055 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000067471</mgmtInvSeriesId>
        <mgmtInvLei>549300MBE3ZYL2J50008</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>7</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2055 FUND - CLASS A" sharesOutstandingClassId="C000216939" sharesOutstandingTickerSymbol="PADYX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2055 FUND - CLASS C" sharesOutstandingClassId="C000216941" sharesOutstandingTickerSymbol="PACWX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2055 FUND - CLASS R" sharesOutstandingClassId="C000216942" sharesOutstandingTickerSymbol="PACSX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2055 FUND - CLASS R3" sharesOutstandingClassId="C000221999" sharesOutstandingTickerSymbol="PAHEX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2055 FUND - CLASS R4" sharesOutstandingClassId="C000222000" sharesOutstandingTickerSymbol="PAHFX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2055 FUND - CLASS R5" sharesOutstandingClassId="C000222001" sharesOutstandingTickerSymbol="PAHGX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2055 FUND - CLASS R6" sharesOutstandingClassId="C000216943" sharesOutstandingTickerSymbol="PACJX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2055 FUND - CLASS Y" sharesOutstandingClassId="C000216944" sharesOutstandingTickerSymbol="PAAWX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Fund of Funds</fundType>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>2174158.00</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Advantage 2060 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000067472</mgmtInvSeriesId>
        <mgmtInvLei>5493002K9DZ8Q68EZK16</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
        <numAddedClass>7</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2060 FUND - CLASS A" sharesOutstandingClassId="C000216945" sharesOutstandingTickerSymbol="PAAVX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2060 FUND - CLASS C" sharesOutstandingClassId="C000216947" sharesOutstandingTickerSymbol="PAAPX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2060 FUND - CLASS R" sharesOutstandingClassId="C000216948" sharesOutstandingTickerSymbol="PAAMX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2060 FUND - CLASS R3" sharesOutstandingClassId="C000222002" sharesOutstandingTickerSymbol="PAHJX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2060 FUND - CLASS R4" sharesOutstandingClassId="C000222004" sharesOutstandingTickerSymbol="PAHKX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2060 FUND - CLASS R5" sharesOutstandingClassId="C000222003" sharesOutstandingTickerSymbol="PAHLX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2060 FUND - CLASS R6" sharesOutstandingClassId="C000216950" sharesOutstandingTickerSymbol="PAAKX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2060 FUND - CLASS Y" sharesOutstandingClassId="C000216949" sharesOutstandingTickerSymbol="PAKJX"/>
        </sharesOutstandings>
        <fundTypes>
          <fundType>Fund of Funds</fundType>
          <fundType>Target Date Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-7974</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Putnam Investments Limited</subAdviserName>
            <subAdviserFileNo>801-61441</subAdviserFileNo>
            <subAdviserCrdNo>000122254</subAdviserCrdNo>
            <subAdviserLei>N/A</subAdviserLei>
            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-06331</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>N/A</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>892980.00</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
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        <mgmtInvLei>549300U01BZP8C6BX016</mgmtInvLei>
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        <fundTypes>
          <fundType>Fund of Funds</fundType>
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        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
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        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 17a-8 (17 CFR 270.17a-8)</relyOnRuleType>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
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            <investmentAdviserCrdNo>000106629</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
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        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
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            <subAdviserCrdNo>000122254</subAdviserCrdNo>
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            <isSubAdviserAffiliated>Y</isSubAdviserAffiliated>
            <subAdviserCountry>GB</subAdviserCountry>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
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            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
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            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>7832399.00</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Putnam Retirement Advantage 2065 Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000070572</mgmtInvSeriesId>
        <mgmtInvLei>549300G66BPCMWSKAC33</mgmtInvLei>
        <isFirstFilingByFund>Y</isFirstFilingByFund>
        <numAuthorizedClass>8</numAuthorizedClass>
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        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2065 FUND CLASS A" sharesOutstandingClassId="C000224158" sharesOutstandingTickerSymbol="PCJZX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2065 FUND CLASS C" sharesOutstandingClassId="C000224160" sharesOutstandingTickerSymbol="PCKBX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2065 FUND CLASS R" sharesOutstandingClassId="C000224159" sharesOutstandingTickerSymbol="PCKFX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2065 FUND CLASS R3" sharesOutstandingClassId="C000224162" sharesOutstandingTickerSymbol="PCKGX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2065 FUND CLASS R4" sharesOutstandingClassId="C000224157" sharesOutstandingTickerSymbol="PCKHX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2065 FUND CLASS R5" sharesOutstandingClassId="C000224156" sharesOutstandingTickerSymbol="PCKIX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2065 FUND CLASS R6" sharesOutstandingClassId="C000224155" sharesOutstandingTickerSymbol="PCKJX"/>
          <sharesOutstanding sharesOutstandingClassName="PUTNAM RETIREMENT ADVANTAGE 2065 FUND CLASS Y" sharesOutstandingClassId="C000224154" sharesOutstandingTickerSymbol="PCKEX"/>
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        <fundTypes>
          <fundType>Fund of Funds</fundType>
          <fundType>Target Date Fund</fundType>
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        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 22d-1 (17 CFR 270.22d-1)</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-6 (17 CFR 270.17a-6)</relyOnRuleType>
          <relyOnRuleType>Rule 17a-7 (17 CFR 270.17a-7)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Putnam Investment Management, LLC</investmentAdviserName>
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            <investmentAdviserStateCountry investmentAdviserState="US-MA" investmentAdviserCountry="US"/>
            <investmentAdviserHired isInvestmentAdviserHired="Y">
              <investmentAdviserStartDate>2020-12-30</investmentAdviserStartDate>
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          </investmentAdviser>
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        <subAdvisers>
          <subAdviser>
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            <subAdviserCrdNo>000122254</subAdviserCrdNo>
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            <subAdviserCountry>GB</subAdviserCountry>
            <subAdviserHired isSubAdviserHired="Y" subAdviserStartDate="2020-12-30"/>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Putnam Investor Services, Inc.</transferAgentName>
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            <transferAgentStateCountry transferAgentState="US-MA" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>Y</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>Y</isTransferAgentHiredOrTerminated>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
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            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
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            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
            <otherCustodianDesc>N</otherCustodianDesc>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>Y</isCustodianHiredOrTerminated>
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          <shareholderServicingAgent>
            <shareholderServiceAgentName>Putnam Investor Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N/A</shareholderServiceAgentLei>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-MA" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>Y</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>Y</isShareholderServiceHiredTerminated>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <aggregateCommission>0</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>97796.00</mnthlyAvgNetAssets>
        <dailyAvgNetAssets>0.00</dailyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>false</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
    </attachmentsTab>
    <signature registrantSignedName="Putnam Target Date Funds" signedDate="2021-11-08" signature="Janet C. Smith" title="Principal Financial Officer"/>
  </formData>
</edgarSubmission>
