Franklin Retirement Advantage 2050 R (PAEQX)

Fund Assets	26.65M
Expense Ratio	1.20%
Min. Investment	$500
Turnover	21.00%
Dividend (ttm)	0.42
Dividend Yield	3.12%
Dividend Growth	-5.57%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	13.58
YTD Return	12.06%
1-Year Return	18.90%
5-Year Return	60.95%
52-Week Low	11.62
52-Week High	13.67
Beta (5Y)	0.84
Holdings	3
Inception Date	Sep 1, 2020

About PAEQX

The Putnam Retirement Advantage 2050 Fund Class R is a target-date mutual fund designed primarily for individuals planning to retire around the year 2050. Its portfolio allocation is dynamically adjusted over time, with an initial focus on capital appreciation through a higher exposure to growth-oriented assets. As the target retirement date approaches, the fund gradually shifts toward a more conservative allocation, placing greater emphasis on income-generating investments and capital preservation. This glide path is intended to balance growth potential in earlier years with risk reduction as retirement nears. The fund achieves diversification by investing in a variety of underlying Putnam mutual funds across multiple asset classes, including equities and fixed income. Its structure is well-suited for retirement planning strategies, offering a hands-off approach for long-term investors seeking both growth and eventual income as they transition into retirement.

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

Performance

PAEQX had a total return of 18.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.74%.

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%
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	$1.2128	Dec 30, 2025
Dec 31, 2024	$0.586	Dec 31, 2024
Dec 29, 2023	$0.463	Dec 29, 2023
Dec 30, 2022	$0.887	Dec 30, 2022
Dec 31, 2021	$1.926	Dec 31, 2021
Dec 31, 2020	$0.220	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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