Franklin Retirement Advantage 2060 R6 (PAAKX)

Fund Assets	13.93M
Expense Ratio	0.45%
Min. Investment	$0.00
Turnover	19.00%
Dividend (ttm)	1.18
Dividend Yield	8.06%
Dividend Growth	82.57%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	14.77
YTD Return	13.71%
1-Year Return	21.19%
5-Year Return	74.70%
52-Week Low	12.42
52-Week High	14.89
Beta (5Y)	n/a
Holdings	3
Inception Date	n/a

About PAAKX

Putnam Retirement Advantage 2060 Fund Class R6 is a target-date mutual fund designed for investors planning to retire around the year 2060. The fund’s primary function is to provide a diversified investment solution that automatically adjusts its asset allocation over time, transitioning from a focus on capital appreciation in early years toward greater income generation and preservation of capital as the designated retirement year approaches. It does this through a unique glide path strategy, gradually shifting its investment mix from equities to more conservative assets as the target date nears. Notably, the fund invests a significant portion of its assets in a mix of Putnam’s dynamic asset allocation portfolios, predominantly equity-oriented in its early decades, and rebalances periodically to reflect its glide path objectives. It is structured as a cost-efficient vehicle with a lower-than-average expense ratio compared to peers, and is commonly used in employer-sponsored retirement plans. The fund plays a vital role in helping participants manage retirement savings by automating asset allocation and reducing the need for hands-on investment management as they approach retirement age.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2060+
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PAAKX
• Share Class: Class R6 Shares

Performance

PAAKX had a total return of 21.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.99%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PAKJX	Class Y Shares	0.55%
PAHLX	Class R5 Shares	0.55%
PAAVX	Class A Shares	0.80%
PAAMX	Class R Shares	1.20%

Top Holdings

99.84% of assets

Name	Symbol	Weight
Putnam Dynamic Asset Allocation Equity Fund, Class P	n/a	59.08%
Putnam Dynamic Asset Allocation Growth Fund, Class P	n/a	40.37%
Putnam Short Term Investment Fund, Class P	n/a	0.40%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$1.1812	Dec 30, 2025
Dec 31, 2024	$0.647	Dec 31, 2024
Dec 29, 2023	$0.869	Dec 29, 2023
Dec 30, 2022	$0.608	Dec 30, 2022
Dec 31, 2021	$2.461	Dec 31, 2021
Dec 31, 2020	$0.139	Dec 31, 2020

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 28, 2026

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