Franklin Retirement Advantage 2050 A (PAEZX)

Fund Assets	26.65M
Expense Ratio	0.80%
Min. Investment	$500
Turnover	21.00%
Dividend (ttm)	1.20
Dividend Yield	8.88%
Dividend Growth	87.84%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	13.61
YTD Return	12.54%
1-Year Return	19.21%
5-Year Return	65.47%
52-Week Low	11.64
52-Week High	13.72
Beta (5Y)	0.86
Holdings	3
Inception Date	Sep 1, 2020

About PAEZX

Putnam Retirement Advantage 2050 Fund Class A is a target-date mutual fund designed to assist investors planning for retirement around the year 2050. The fund’s primary objective is to provide a diversified investment strategy that automatically adjusts asset allocation as the target retirement date approaches, shifting gradually from growth-oriented assets to more income-focused and conservative holdings. Utilizing a dynamic asset allocation framework, the fund invests in a mix of underlying Putnam mutual funds, encompassing both equities and fixed income, to balance potential returns with an appropriate level of risk for its timeframe. Led by experienced managers with decades of investment industry expertise, the fund is crafted to help investors benefit from long-term market trends while mitigating volatility as they near retirement age. Its unique structure and focus on asset class diversification make it an attractive choice for individuals seeking a simplified, all-in-one retirement savings solution.

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

Performance

PAEZX had a total return of 19.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.22%.

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%
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	$1.2003	Dec 30, 2025
Dec 31, 2024	$0.639	Dec 31, 2024
Dec 29, 2023	$0.508	Dec 29, 2023
Dec 30, 2022	$0.943	Dec 30, 2022
Dec 31, 2021	$1.988	Dec 31, 2021
Dec 31, 2020	$0.234	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 28, 2026

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