Franklin Retirement Advantage Mat Y (PAETX)

Fund Assets	41.30M
Expense Ratio	0.55%
Min. Investment	$500
Turnover	32.00%
Dividend (ttm)	0.44
Dividend Yield	3.94%
Dividend Growth	-0.36%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	11.17
YTD Return	3.65%
1-Year Return	5.91%
5-Year Return	22.01%
52-Week Low	10.90
52-Week High	11.47
Beta (5Y)	0.45
Holdings	2
Inception Date	Sep 1, 2020

About PAETX

Putnam Retirement Advantage Maturity Fund Class Y is a mutual fund designed as a target-date retirement solution. Its primary objective is to balance capital appreciation and current income, dynamically adjusting its asset allocation as it nears its predetermined maturity date. The fund gradually transitions from a focus on growth-seeking investments to a more conservative, income-oriented strategy, aiming to meet the needs of investors approaching or in retirement. Asset allocations are reviewed and adjusted quarterly, ensuring alignment with the evolving risk profile appropriate for its target date. This structure makes it suitable for investors seeking a managed glide path as they prepare for retirement. Notable features include a relatively low minimum investment, regular monthly income distributions, and an emphasis on maintaining risk-adjusted returns over the long term. With its focus on income generation and capital preservation, the fund plays a key role within the broader retirement planning market, offering a hands-off approach to reallocating assets as investors' retirement goals and timelines progress.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date Retirement
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PAETX
• Share Class: Class Y Shares
• Index: S&P Target Date To Retirement TR

Performance

PAETX had a total return of 5.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.65%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PADLX	Class R6 Shares	0.45%
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	$0.0305	Sep 30, 2026
Aug 31, 2026	$0.03119	Aug 31, 2026
Jul 31, 2026	$0.034	Jul 31, 2026
Jun 30, 2026	$0.0336	Jun 30, 2026
May 29, 2026	$0.0363	May 29, 2026
Apr 30, 2026	$0.0357	Apr 30, 2026

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:

Oct 16, 2026

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