Franklin Retirement Advantage 2060 C (PAAPX)

Fund Assets	13.93M
Expense Ratio	1.55%
Min. Investment	$500
Turnover	19.00%
Dividend (ttm)	0.97
Dividend Yield	6.71%
Dividend Growth	82.50%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	14.46
YTD Return	13.19%
1-Year Return	19.74%
5-Year Return	66.82%
52-Week Low	12.22
52-Week High	14.60
Beta (5Y)	0.91
Holdings	3
Inception Date	Sep 1, 2020

About PAAPX

Putnam Retirement Advantage 2060 Fund Class C is a target-date mutual fund tailored for investors planning to retire around the year 2060. The fund’s investment strategy seeks both capital appreciation and current income, with a glide path that gradually reduces risk over time. Early on, the portfolio emphasizes growth through higher allocations in equities, shifting toward a greater emphasis on income-producing assets as the target date approaches. This dynamic allocation is achieved by investing in a variety of underlying Putnam funds, offering broad exposure across multiple asset classes and sectors. The fund’s multi-asset approach is designed to provide diversification and help manage risk throughout different stages of an investor’s lifecycle. Managed by Franklin Templeton Investments, the fund actively adjusts its holdings to align with its long-term objectives, catering to individuals pursuing a streamlined, all-in-one retirement investment solution.

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

Performance

PAAPX had a total return of 19.74% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.60%.

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	$0.9691	Dec 30, 2025
Dec 31, 2024	$0.531	Dec 31, 2024
Dec 29, 2023	$0.826	Dec 29, 2023
Dec 30, 2022	$0.553	Dec 30, 2022
Dec 31, 2021	$2.319	Dec 31, 2021
Dec 31, 2020	$0.100	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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