Franklin Retirement Advantage 2030 R (PDKAX)

Fund Assets	39.36M
Expense Ratio	1.20%
Min. Investment	$500
Turnover	33.00%
Dividend (ttm)	0.58
Dividend Yield	5.09%
Dividend Growth	47.42%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	11.37
YTD Return	5.19%
1-Year Return	9.33%
5-Year Return	27.14%
52-Week Low	10.58
52-Week High	11.64
Beta (5Y)	0.59
Holdings	4
Inception Date	Sep 1, 2020

About PDKAX

Putnam Retirement Advantage 2030 Fund Class R is a target-date mutual fund designed primarily for investors planning to retire around the year 2030. The fund’s central objective is to maximize returns while progressively reducing investment risk as the retirement date approaches. It achieves this through a dynamic asset allocation strategy known as a "glide path," which gradually shifts from a higher proportion of equities in the early years to a greater emphasis on fixed income and cash investments as the target retirement date nears. This approach is intended to capture growth during the accumulation phase and transition toward preservation of capital closer to and throughout retirement. The fund is managed by Putnam’s in-house asset allocation team, which employs tactical allocation and security selection methods to optimize portfolio performance and limit unintended risk exposure. Key portfolio managers have extensive experience in overseeing retirement-focused strategies. The Putnam Retirement Advantage 2030 Fund Class R plays a significant role in workplace retirement plans and defined contribution accounts, serving as a comprehensive investment solution for individuals seeking a professionally managed portfolio suited to their projected retirement timeline.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2030
• Performance Rating: Average
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: PDKAX
• Share Class: Class R Shares
• Index: S&P Target Date To 2030 TR

Performance

PDKAX had a total return of 9.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.96%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
PDIZX	Class R6 Shares	0.45%
PDGKX	Class Y Shares	0.55%
PDLTX	Class A Shares	0.80%
PDLKX	Class C Shares	1.55%

Top Holdings

99.95% of assets

Name	Symbol	Weight
Putnam Dynamic Asset Allocation Conservative Fund, Class P	n/a	58.65%
Putnam Multi-Asset Income Fund	n/a	19.17%
Putnam Dynamic Asset Allocation Balanced Fund, Class P	n/a	16.23%
Putnam Short Term Investment Fund, Class P	n/a	5.90%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.8025	Dec 30, 2025
Dec 31, 2024	$0.433	Dec 31, 2024
Dec 29, 2023	$0.248	Dec 29, 2023
Dec 30, 2022	$0.607	Dec 30, 2022
Dec 31, 2021	$1.285	Dec 31, 2021
Dec 31, 2020	$0.115	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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