Franklin Retirement Advantage Pl 2040 R5 (PABTX)

Fund Assets	395.86M
Expense Ratio	0.66%
Min. Investment	$500
Turnover	17.00%
Dividend (ttm)	0.61
Dividend Yield	1.77%
Dividend Growth	24.06%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	34.32
YTD Return	7.33%
1-Year Return	12.05%
5-Year Return	30.04%
52-Week Low	30.06
52-Week High	34.51
Beta (5Y)	n/a
Holdings	7
Inception Date	Jan 4, 2021

About PABTX

Putnam Sustainable Retirement 2040 Fund Class R5 is a target-date mutual fund designed to support retirement planning, with an investment strategy tailored for individuals aiming to retire around the year 2040. Its primary objective is to deliver a balanced approach to capital appreciation and current income, while adapting its asset allocation over time. The fund achieves diversification by investing in a variety of underlying equity and fixed income funds, allowing for broad exposure across multiple asset classes. A distinctive feature of this fund is its dynamic allocation strategy, which gradually shifts its emphasis from growth-focused investments toward capital preservation and income as the target retirement date approaches. This adjustment is managed according to a predetermined glide path, which is reviewed and recalibrated quarterly to reflect the changing investment needs as retirement nears. Temporary allocations to cash or money market funds occur as needed to manage liquidity for purchases and redemptions. The fund is overseen by a portfolio management team at Putnam Investments, leveraging the firm’s experience across sustainable and diversified investment solutions. Putnam Sustainable Retirement 2040 Fund Class R5 offers a long-term, adaptive investment solution for individuals seeking a professionally managed retirement portfolio aligned with a 2040 retirement horizon.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2040
• Performance Rating: Low
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: PABTX
• Index: S&P 500 TR

Performance

PABTX had a total return of 12.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.55%.

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%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.6054	Dec 30, 2025
Dec 31, 2024	$0.488	Dec 31, 2024
Dec 29, 2023	$0.501	Dec 29, 2023
Dec 30, 2022	$3.193	Dec 30, 2022
Dec 31, 2021	$2.621	Dec 31, 2021

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 27, 2026

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