Franklin Retirement Advantage 2055 Y (PAAWX)

Fund Assets	18.80M
Expense Ratio	0.57%
Min. Investment	$500
Turnover	21.00%
Dividend (ttm)	0.40
Dividend Yield	2.78%
Dividend Growth	-22.53%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	14.36
YTD Return	11.95%
1-Year Return	15.86%
5-Year Return	71.42%
52-Week Low	12.36
52-Week High	14.70
Beta (5Y)	0.88
Holdings	3
Inception Date	Sep 1, 2020

About PAAWX

Putnam Retirement Advantage 2055 Fund Class Y is a target-date mutual fund structured to support investors planning to retire around the year 2055. Its primary function is to maximize returns while managing risk levels that align with a long-term retirement timeline. The fund achieves diversification by investing its assets across various underlying Putnam mutual funds, representing a mix of asset classes, including equities and fixed income. This multi-asset approach aims to balance growth potential during the fund's early years with increasing stability as the retirement target date approaches. The fund is notable for its dynamic allocation strategy, systematically shifting towards more conservative investments over time to help mitigate risk as investors near retirement. This structure makes it particularly relevant in defined contribution and retirement plan accounts, where lifecycle-based investment solutions are critical for long-term financial planning. With features like periodic dividend distributions and a focus on adjusting risk exposure, Putnam Retirement Advantage 2055 Fund Class Y serves as a comprehensive retirement solution for individuals targeting retirement in 2055.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2055
• Performance Rating: High
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PAAWX
• Share Class: Class Y Shares
• Index: S&P Target Date To 2055 TR

Performance

PAAWX had a total return of 15.86% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.64%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PACJX	Class R6 Shares	0.45%
PADYX	Class A Shares	0.80%
PACSX	Class R Shares	1.20%
PACWX	Class C Shares	1.55%

Top Holdings

99.93% of assets

Name	Symbol	Weight
Putnam Dynamic Asset Allocation Growth Fund, Class P	n/a	66.28%
Putnam Dynamic Asset Allocation Equity Fund, Class P	n/a	33.12%
Putnam Short Term Investment Fund, Class P	n/a	0.54%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$1.2752	Dec 30, 2025
Dec 31, 2024	$0.731	Dec 31, 2024
Dec 29, 2023	$0.489	Dec 29, 2023
Dec 30, 2022	$0.835	Dec 30, 2022
Dec 31, 2021	$2.018	Dec 31, 2021
Dec 31, 2020	$0.218	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:

Oct 16, 2026

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