Franklin Retirement Advantage Mat R (PAKYX)

Fund Assets	41.30M
Expense Ratio	1.20%
Min. Investment	$500
Turnover	32.00%
Dividend (ttm)	0.40
Dividend Yield	3.53%
Dividend Growth	12.40%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	11.29
YTD Return	5.25%
1-Year Return	9.40%
5-Year Return	18.40%
52-Week Low	10.69
52-Week High	11.29
Beta (5Y)	0.45
Holdings	2
Inception Date	Sep 1, 2020

About PAKYX

Putnam Retirement Advantage Maturity Fund Class R is a target-date mutual fund designed to support investors approaching or in retirement by emphasizing capital preservation and income generation around its maturity date. This fund follows a "glide path" investment strategy, gradually shifting its asset allocation from growth-oriented investments such as equities to more conservative holdings like bonds and money market instruments as the target maturity year draws near. The fund maintains exposure to both domestic and international equities, fixed income securities, and cash equivalents in proportions aligned with its risk management goals, with approximately 20.8% in domestic stocks and 16.5% in foreign equities as recent allocations. Its diversified approach aims to balance long-term growth and risk reduction, addressing the evolving needs of investors nearing retirement. The fund plays a significant role within retirement planning solutions, often utilized in employer-sponsored defined contribution plans, helping participants transition smoothly into their retirement years by managing risk and focusing on post-retirement income stability.

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

Performance

PAKYX had a total return of 9.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.30%.

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%
PAETX	Class Y Shares	0.55%
POMGX	Class A Shares	0.80%
PLFGX	Class C Shares	1.55%

Top Holdings

100.31% of assets

Name	Symbol	Weight
Putnam Multi-Asset Income Fund	n/a	94.36%
Putnam Short Term Investment Fund, Class P	n/a	5.95%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.0272	Jul 31, 2026
Jun 30, 2026	$0.027	Jun 30, 2026
May 29, 2026	$0.0302	May 29, 2026
Apr 30, 2026	$0.0298	Apr 30, 2026
Mar 31, 2026	$0.0351	Mar 31, 2026
Feb 27, 2026	$0.0116	Feb 27, 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:

Aug 28, 2026

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