Franklin Retirement Advantage 2050 R6 (PAEKX)

Fund Assets	26.65M
Expense Ratio	0.45%
Min. Investment	$500
Turnover	21.00%
Dividend (ttm)	0.44
Dividend Yield	3.22%
Dividend Growth	-17.27%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	13.75
YTD Return	12.62%
1-Year Return	19.71%
5-Year Return	66.95%
52-Week Low	11.73
52-Week High	13.84
Beta (5Y)	0.84
Holdings	3
Inception Date	Dec 31, 2019

About PAEKX

Putnam Retirement Advantage 2050 Fund Class R6 is a target-date mutual fund designed for investors planning to retire around 2050. Its primary objective is to provide capital appreciation and current income, gradually shifting from growth-oriented assets toward income and capital preservation as the target date approaches. The fund invests primarily through underlying Putnam strategies, with a notable allocation to diversified multi-asset portfolios such as Putnam Dynamic Asset Allocation Growth and equity sleeves, enabling broad exposure across global equities and fixed income. This structure supports lifecycle investing by automating asset allocation, rebalancing, and risk reduction over time. Positioned within the Target-Date 2050 category, the fund emphasizes cost efficiency for institutional platforms, featuring an expense profile that is competitive among peers and a turnover level indicative of its strategic, glide-path-driven approach. Its role in the market is to serve as a comprehensive, single-fund solution for retirement accounts, aligning portfolio risk with an investor’s evolving time horizon while maintaining diversified exposure for long-term retirement planning.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2050
• Performance Rating: High
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: PAEKX
• Share Class: Class R6 Shares
• Index: S&P Target Date To 2050 TR

Performance

PAEKX had a total return of 19.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.87%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PHPDX	Class Y Shares	0.55%
PAEZX	Class A Shares	0.80%
PAEQX	Class R Shares	1.20%
PAENX	Class C Shares	1.55%

Top Holdings

99.91% of assets

Name	Symbol	Weight
Putnam Dynamic Asset Allocation Growth Fund, Class P	n/a	87.42%
Putnam Dynamic Asset Allocation Equity Fund, Class P	n/a	11.24%
Putnam Short Term Investment Fund, Class P	n/a	1.24%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$1.2314	Dec 30, 2025
Dec 31, 2024	$0.672	Dec 31, 2024
Dec 29, 2023	$0.533	Dec 29, 2023
Dec 30, 2022	$0.961	Dec 30, 2022
Dec 31, 2021	$2.020	Dec 31, 2021
Dec 31, 2020	$0.246	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:

Aug 27, 2026

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