Franklin Retirement Advantage 2035 C (PDAWX)

Fund Assets	46.88M
Expense Ratio	1.55%
Min. Investment	$500
Turnover	34.00%
Dividend (ttm)	0.27
Dividend Yield	2.22%
Dividend Growth	-55.09%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	12.20
YTD Return	5.63%
1-Year Return	8.19%
5-Year Return	39.49%
52-Week Low	11.19
52-Week High	12.48
Beta (5Y)	0.68
Holdings	4
Inception Date	Sep 1, 2020

About PDAWX

Putnam Retirement Advantage 2035 Fund Class C is a target-date mutual fund designed to help investors plan for retirement around the year 2035. Its primary function is to provide a professionally managed, age-appropriate mix of growth and income investments, which are dynamically adjusted over time. The fund initially emphasizes capital appreciation with a higher allocation to equities and gradually shifts toward more conservative, income-generating assets such as bonds as the target retirement date approaches. This gradual approach, known as a "glide path," aims to balance the need for growth when investors are younger with preservation of capital and income as retirement nears. Putnam Retirement Advantage 2035 Fund Class C incorporates multiple asset classes and sectors, promoting diversification to manage risk. It plays a significant role in retirement planning by automating asset allocation and rebalancing, making it a suitable solution for individuals seeking a hands-off approach to retirement investing while adapting to changing time horizons and risk profiles.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2035
• Performance Rating: Above Average
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: PDAWX
• Share Class: Class C Shares
• Index: S&P Target Date To 2035 TR

Performance

PDAWX had a total return of 8.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.50%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PCDLX	Class R6 Shares	0.45%
POWYX	Class Y Shares	0.55%
PDFLX	Class A Shares	0.80%
PDAKX	Class R Shares	1.20%

Top Holdings

99.99% of assets

Name	Symbol	Weight
Putnam Dynamic Asset Allocation Balanced Fund, Class P	n/a	82.45%
Putnam Dynamic Asset Allocation Conservative Fund, Class P	n/a	7.36%
Putnam Multi-Asset Income Fund	n/a	5.65%
Putnam Short Term Investment Fund, Class P	n/a	4.53%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.4655	Dec 30, 2025
Dec 31, 2024	$0.657	Dec 31, 2024
Dec 29, 2023	$0.349	Dec 29, 2023
Dec 30, 2022	$0.693	Dec 30, 2022
Dec 31, 2021	$1.498	Dec 31, 2021
Dec 31, 2020	$0.154	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:

Oct 16, 2026

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