Franklin Retirement Advantage Pl 2040 R3 (PAAUX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

34.21

-0.04 (-0.12%)

At close: Aug 26, 2026

9.93% (1Y)

Fund Assets	395.86M
Expense Ratio	1.06%
Min. Investment	$500
Turnover	17.00%
Dividend (ttm)	0.51
Dividend Yield	1.47%
Dividend Growth	35.39%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	34.25
YTD Return	7.11%
1-Year Return	11.66%
5-Year Return	38.89%
52-Week Low	30.03
52-Week High	34.44
Beta (5Y)	n/a
Holdings	7
Inception Date	Jan 4, 2021

About PAAUX

Putnam Sustainable Retirement 2040 Fund Class R3 is a target date mutual fund designed to support long-term retirement saving goals, with 2040 as its intended milestone for investors to begin withdrawals. Its primary purpose is to offer a balance between capital appreciation and current income, aiming to meet the needs of individuals planning to retire around the year 2040. The fund allocates its assets primarily to underlying exchange-traded funds (ETFs) that emphasize investments with positive sustainability or environmental, social, and governance (ESG) characteristics. This approach integrates a disciplined asset allocation strategy, adjusting its portfolio’s risk and income profile as the target date approaches. The fund is broadly diversified across multiple asset classes to manage risk and provide growth potential over time. Putnam Sustainable Retirement 2040 Fund Class R3 plays a significant role for investors who seek a professionally managed, sustainability-focused solution tailored to a specific retirement timeline, reflecting evolving preferences for both responsible investing and retirement planning.

Fund Family Franklin Templeton Investments

Category Target-Date 2040

Performance Rating Low

Risk Rating Low

Stock Exchange NASDAQ

Ticker Symbol PAAUX

Index S&P 500 TR

Performance

PAAUX had a total return of 11.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.15%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FTFFX	Fidelity	Fidelity Advisor Freedom 2040 Fund - Class M	1.16%
FCFFX	Fidelity	Fidelity Advisor Freedom 2040 C	1.66%
FAFFX	Fidelity	Fidelity Advisor Freedom 2040 A	0.91%
FIJPX	Fidelity	Fidelity Advisor Freedom 2040 Z	0.62%
FIFFX	Fidelity	Fidelity Advisor Freedom 2040 I	0.66%

Top Holdings

Name	Symbol	Weight
Franklin Dynamic Asset Allocation Gr P	n/a	55.67%
Franklin Dynamic Asset Allocation Bal P	n/a	34.59%
Putnam Fds Tr	n/a	4.12%
Franklin BSP Lending Fund	FBREX	2.98%
Clarion Partners Real Estate Inc I	CPREX	2.96%
Usd	n/a	0.05%
Usd	n/a	-0.36%

View More Holdings

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.505	Dec 30, 2025
Dec 31, 2024	$0.373	Dec 31, 2024
Dec 29, 2023	$0.383	Dec 29, 2023
Dec 30, 2022	$3.093	Dec 30, 2022
Dec 31, 2021	$2.504	Dec 31, 2021

Full Dividend History