Franklin Retirement Advantage 2035 A (PDFLX)

Fund Assets	46.88M
Expense Ratio	0.81%
Min. Investment	$500
Turnover	34.00%
Dividend (ttm)	0.89
Dividend Yield	7.51%
Dividend Growth	40.46%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	11.80
YTD Return	6.84%
1-Year Return	9.53%
5-Year Return	44.16%
52-Week Low	10.79
52-Week High	12.29
Beta (5Y)	0.70
Holdings	4
Inception Date	Sep 1, 2020

About PDFLX

Putnam Retirement Advantage 2035 Fund Class A is a target-date mutual fund designed to help investors prepare for retirement with an anticipated retirement year of 2035. The fund automatically adjusts its asset allocation over time, typically shifting from a higher concentration in equities toward a more balanced mix of stocks and bonds as the target year approaches. Its primary objective is to provide a diversified investment solution that evolves as investors move closer to retirement, aiming to balance growth potential with risk management. The fund invests predominantly through other Putnam funds, notably the Putnam Dynamic Asset Allocation Balanced and Growth portfolios, which collectively represent the majority of the holdings. This structure enables broad diversification across asset classes and global markets, supporting the fund’s long-term investment horizon. With features like regular rebalancing, a built-in glide path, and a moderate yield, it serves individuals, employer-sponsored plans, and retirement savers seeking an all-in-one retirement solution. The fund’s role in the financial market is to simplify retirement planning by offering a professionally managed portfolio that is tailored to a specific retirement date, providing gradual risk reduction as retirement nears.

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

Performance

PDFLX had a total return of 9.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.41%.

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%
PDAKX	Class R Shares	1.20%
PDAWX	Class C Shares	1.55%

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	$1.0848	Dec 30, 2025
Dec 31, 2024	$0.685	Dec 31, 2024
Dec 29, 2023	$0.431	Dec 29, 2023
Dec 30, 2022	$0.731	Dec 30, 2022
Dec 31, 2021	$1.601	Dec 31, 2021
Dec 31, 2020	$0.184	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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