Franklin Retirement Advantage 2060 A (PAAVX)

Fund Assets	13.93M
Expense Ratio	0.80%
Min. Investment	$500
Turnover	19.00%
Dividend (ttm)	0.32
Dividend Yield	2.18%
Dividend Growth	-28.54%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	14.49
YTD Return	12.93%
1-Year Return	16.86%
5-Year Return	72.54%
52-Week Low	12.35
52-Week High	14.79
Beta (5Y)	0.90
Holdings	3
Inception Date	Sep 1, 2020

About PAAVX

Putnam Retirement Advantage 2060 Fund Class A is a target-date mutual fund designed to help individuals accumulate retirement savings with a projected retirement year around 2060. The fund follows a diversified asset allocation strategy, investing primarily across underlying Putnam funds that represent a mix of equity and fixed-income securities. Its allocation is actively managed and gradually becomes more conservative as the target date approaches, shifting from higher-risk growth assets to a greater emphasis on income and capital preservation. This structure aims to balance risk and return throughout an investor’s working years and into retirement. The fund plays a significant role in retirement planning by offering a single, professionally managed solution that automatically adjusts its risk profile in line with the timeline to retirement. Notable features include a moderate expense ratio and a diversified portfolio, positioning it within the large blend category among target-date funds.

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

Performance

PAAVX had a total return of 16.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.11%.

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%
PAAMX	Class R Shares	1.20%

Top Holdings

99.92% of assets

Name	Symbol	Weight
Putnam Dynamic Asset Allocation Equity Fund, Class P	n/a	58.21%
Putnam Dynamic Asset Allocation Growth Fund, Class P	n/a	41.16%
Putnam Short Term Investment Fund, Class P	n/a	0.55%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$1.1502	Dec 30, 2025
Dec 31, 2024	$0.608	Dec 31, 2024
Dec 29, 2023	$0.843	Dec 29, 2023
Dec 30, 2022	$0.580	Dec 30, 2022
Dec 31, 2021	$2.426	Dec 31, 2021
Dec 31, 2020	$0.128	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:

Sep 28, 2026

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