Franklin Retirement Advantage 2065 R5 (PCKIX)

Fund Assets	3.53M
Expense Ratio	0.55%
Min. Investment	$500
Turnover	33.00%
Dividend (ttm)	1.01
Dividend Yield	6.49%
Dividend Growth	38.52%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	15.66
YTD Return	13.99%
1-Year Return	21.52%
5-Year Return	76.70%
52-Week Low	13.11
52-Week High	15.79
Beta (5Y)	n/a
Holdings	5
Inception Date	Dec 30, 2020

About PCKIX

Putnam Retirement Advantage 2065 Fund Class R5 is a target-date mutual fund designed to help investors plan for retirement around the year 2065. The fund's primary purpose is to provide a diversified investment solution that automatically adjusts its asset allocation over time, shifting from a focus on capital appreciation in its early years to an increasing emphasis on current income as the target retirement date approaches. This gradual adjustment, known as a glide path, aims to balance growth and risk management based on the evolving needs of investors throughout their retirement planning journey. The fund achieves diversification by investing mainly in a mix of other Putnam mutual funds, covering equities and fixed-income assets, and is managed with quarterly rebalancing in line with its strategy. It is suitable for individuals or plan participants seeking a professionally managed, long-term investment solution tailored to retirement objectives. Established in December 2020, the fund is part of Putnam’s broader RetirementReady series and reflects current trends in lifecycle investing, providing exposure across multiple asset classes while adapting to investors’ time horizons.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2065+
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: PCKIX
• Share Class: Class R5
• Index: S&P Target Date To 2065+ TR USD

Performance

PCKIX had a total return of 21.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.50%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PCKJX	Class R6	0.45%
PCKEX	Class Y	0.55%
PCKHX	Class R4	0.70%
PCJZX	Class A	0.80%

Top Holdings

Name	Symbol	Weight
Franklin Dynamic Asset Allocation Eq P	n/a	76.30%
Franklin Dynamic Asset Allocation Gr P	n/a	23.43%
Putnam Fds Tr	n/a	0.49%
Usd	n/a	0.00%
Usd	n/a	-0.22%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$1.0084	Dec 30, 2025
Dec 31, 2024	$0.728	Dec 31, 2024
Dec 29, 2023	$0.603	Dec 29, 2023
Dec 30, 2022	$0.476	Dec 30, 2022
Dec 31, 2021	$0.684	Dec 31, 2021

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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