Franklin Retirement Advantage 2060 R (PAAMX)

Fund Assets	13.93M
Expense Ratio	1.20%
Min. Investment	$500
Turnover	19.00%
Dividend (ttm)	0.33
Dividend Yield	2.28%
Dividend Growth	-17.36%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	14.52
YTD Return	13.41%
1-Year Return	20.18%
5-Year Return	69.76%
52-Week Low	12.25
52-Week High	14.65
Beta (5Y)	0.92
Holdings	3
Inception Date	Sep 1, 2020

About PAAMX

Putnam Retirement Advantage 2060 Fund Inc. Class R is a target-date mutual fund designed to help investors plan for retirement around the year 2060. The fund’s primary purpose is to provide long-term capital appreciation and current income by dynamically adjusting its asset mix over time. Early in its lifecycle, the fund emphasizes growth by allocating a larger portion to equities, seeking to maximize asset accumulation. As the target retirement date approaches, the fund gradually shifts toward a more conservative allocation, increasing exposure to fixed income and income-producing investments to help preserve capital and reduce volatility. This fund operates as a “fund of funds,” investing in a diversified selection of underlying Putnam mutual funds to attain broad exposure across U.S. and international stocks, bonds, and other asset classes. Its unique glide path is tailored to address the evolving risk tolerance and income needs of investors as they move closer to retirement. Serving participants in employer-sponsored retirement plans as well as individual investors, the Putnam Retirement Advantage 2060 Fund holds a significant place in the retirement planning sector, enabling systematic, age-appropriate investing through a professionally managed option.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2060+
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PAAMX
• Share Class: Class R Shares
• Index: S&P Target Date To 2060 TR USD

Performance

PAAMX had a total return of 20.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.01%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PAAKX	Class R6 Shares	0.45%
PAKJX	Class Y Shares	0.55%
PAHLX	Class R5 Shares	0.55%
PAAVX	Class A Shares	0.80%

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	$1.1651	Dec 30, 2025
Dec 31, 2024	$0.566	Dec 31, 2024
Dec 29, 2023	$0.796	Dec 29, 2023
Dec 30, 2022	$0.553	Dec 30, 2022
Dec 31, 2021	$2.364	Dec 31, 2021
Dec 31, 2020	$0.112	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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