Franklin Retirement Advantage 2060 Y (PAKJX)

Fund Assets	13.93M
Expense Ratio	0.55%
Min. Investment	$500
Turnover	19.00%
Dividend (ttm)	0.33
Dividend Yield	2.26%
Dividend Growth	-28.74%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	14.77
YTD Return	13.55%
1-Year Return	20.99%
5-Year Return	73.84%
52-Week Low	12.42
52-Week High	14.88
Beta (5Y)	0.91
Holdings	3
Inception Date	Sep 1, 2020

About PAKJX

Putnam Retirement Advantage 2060 Fund Class Y is a target-date mutual fund designed primarily for investors planning to retire around the year 2060. Its main objective is to achieve long-term capital appreciation and provide current income, with an investment strategy that gradually shifts from higher-risk, growth-oriented assets to more income-focused and conservative holdings as the target retirement date approaches. The fund uses a diversified allocation, primarily investing in Putnam’s own dynamic asset allocation portfolios, which include a broad mix of equities and fixed income securities. This glide path approach is periodically rebalanced to match the evolving risk profile suitable for investors as they age. The fund places special emphasis on risk management, as evidenced by its low carbon risk exposure and a structure designed to address longevity and inflation concerns over multiple decades. Putnam Retirement Advantage 2060 Fund Class Y is commonly utilized within retirement plans such as 401(k)s, providing a convenient, all-in-one investment solution for individuals seeking a professionally managed portfolio aligned with their anticipated retirement timeline.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2060+
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PAKJX
• Share Class: Class Y Shares
• Index: S&P Target Date To 2060 TR USD

Performance

PAKJX had a total return of 20.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.69%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PAAKX	Class R6 Shares	0.45%
PAHLX	Class R5 Shares	0.55%
PAAVX	Class A Shares	0.80%
PAAMX	Class R Shares	1.20%

Top Holdings

99.84% of assets

Name	Symbol	Weight
Putnam Dynamic Asset Allocation Equity Fund, Class P	n/a	59.08%
Putnam Dynamic Asset Allocation Growth Fund, Class P	n/a	40.37%
Putnam Short Term Investment Fund, Class P	n/a	0.40%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$1.1671	Dec 30, 2025
Dec 31, 2024	$0.633	Dec 31, 2024
Dec 29, 2023	$0.860	Dec 29, 2023
Dec 30, 2022	$0.598	Dec 30, 2022
Dec 31, 2021	$2.448	Dec 31, 2021
Dec 31, 2020	$0.136	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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