Franklin Retirement Advantage 2050 C (PAENX)

Fund Assets	26.65M
Expense Ratio	1.55%
Min. Investment	$500
Turnover	21.00%
Dividend (ttm)	1.12
Dividend Yield	8.36%
Dividend Growth	88.69%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	13.49
YTD Return	11.78%
1-Year Return	18.42%
5-Year Return	58.19%
52-Week Low	11.55
52-Week High	13.58
Beta (5Y)	0.84
Holdings	3
Inception Date	Sep 1, 2020

About PAENX

Putnam Retirement Advantage 2050 Fund Class C is a target-date mutual fund designed for investors planning to retire around 2050. It pursues a glide path that emphasizes capital appreciation in earlier years and gradually shifts toward income and capital preservation as the target date approaches, allocating across underlying Putnam strategies spanning equities, fixed income, and cash equivalents. The portfolio is implemented primarily through Putnam’s dynamic asset allocation funds, with the Growth and Equity sleeves representing the bulk of assets, providing diversified exposure to U.S. and international stocks alongside tactical risk management. The fund’s structure is intended to offer a single, age-based solution that automatically rebalances over time, aligning asset mix with a typical investor’s evolving risk profile through retirement. As a Class C share class, it features ongoing distribution and service fees embedded in the expense ratio, which independent analysts note are relatively high for the peer group. This product serves retirement savers seeking a professionally managed, set-it-and-monitor solution within the target-date 2050 category.

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

Performance

PAENX had a total return of 18.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.36%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PAEKX	Class R6 Shares	0.45%
PHPDX	Class Y Shares	0.55%
PAEZX	Class A Shares	0.80%
PAEQX	Class R Shares	1.20%

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	$1.1246	Dec 30, 2025
Dec 31, 2024	$0.596	Dec 31, 2024
Dec 29, 2023	$0.439	Dec 29, 2023
Dec 30, 2022	$0.869	Dec 30, 2022
Dec 31, 2021	$1.882	Dec 31, 2021
Dec 31, 2020	$0.207	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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