Franklin Retirement Advantage Mat R6 (PADLX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

11.26

+0.06 (0.54%)

At close: Oct 15, 2026

Fund Assets	41.30M
Expense Ratio	0.46%
Min. Investment	$500
Turnover	32.00%
Dividend (ttm)	0.45
Dividend Yield	4.01%
Dividend Growth	-0.88%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	11.20
YTD Return	3.69%
1-Year Return	5.98%
5-Year Return	18.91%
52-Week Low	10.93
52-Week High	11.50
Beta (5Y)	0.45
Holdings	2
Inception Date	Dec 31, 2019

About PADLX

Putnam Retirement Advantage Maturity Fund Class R6 Shares is a target-date mutual fund tailored for investors approaching or reaching retirement. Its primary function is to deliver a balanced blend of capital appreciation and current income, gradually shifting its asset allocation to prioritize income as it nears and reaches its designated maturity year. The fund achieves diversification by primarily investing in other Putnam funds, emphasizing multi-asset and short-term investment vehicles, with the vast majority held in the Putnam Multi-Asset Income Fund. It operates within the target-date retirement fund category, recalibrating its portfolio quarterly to align with the decreasing risk tolerance typical of retirement-age investors. This fund is notable for its relatively low expense ratio and monthly distribution frequency, aiming to provide a steady income stream for retirees. As a professionally managed solution, Putnam Retirement Advantage Maturity Fund Class R6 Shares plays a significant market role in addressing the evolving investment and income needs of individuals navigating the transition into retirement.

Fund Family Franklin Templeton Investments

Category Target-Date Retirement

Performance Rating Above Average

Risk Rating Average

Stock Exchange Nasdaq

Ticker Symbol PADLX

Share Class Class R6 Shares

Index S&P Target Date To Retirement TR

Performance

PADLX had a total return of 5.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.44%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PAETX	Class Y Shares	0.55%
POMGX	Class A Shares	0.80%
PAKYX	Class R Shares	1.20%
PLFGX	Class C Shares	1.55%

Top Holdings

100.57% of assets

Name	Symbol	Weight
Putnam Multi-Asset Income Fund	n/a	94.68%
Putnam Short Term Investment Fund, Class P	n/a	5.89%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.0322	Sep 30, 2026
Aug 31, 2026	$0.0315	Aug 31, 2026
Jul 31, 2026	$0.0343	Jul 31, 2026
Jun 30, 2026	$0.0339	Jun 30, 2026
May 29, 2026	$0.0372	May 29, 2026
Apr 30, 2026	$0.0366	Apr 30, 2026

Full Dividend History