Franklin Retirement Advantage 2030 A (PDLTX)

Fund Assets	39.36M
Expense Ratio	0.81%
Min. Investment	$500
Turnover	33.00%
Dividend (ttm)	0.58
Dividend Yield	5.15%
Dividend Growth	30.70%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	11.14
YTD Return	3.99%
1-Year Return	5.90%
5-Year Return	23.31%
52-Week Low	10.58
52-Week High	11.63
Beta (5Y)	0.58
Holdings	4
Inception Date	Sep 1, 2020

About PDLTX

Putnam Retirement Advantage 2030 Fund Class A is a target-date mutual fund designed to help investors prepare for retirement with an anticipated retirement year of 2030. Its primary purpose is to provide a diversified investment portfolio that automatically adjusts asset allocation over time based on the fund's "glide path"—maintaining greater exposure to growth-oriented investments in the early years and gradually shifting toward more income-focused and conservative holdings as the target date approaches. The fund primarily invests in both equity and fixed income securities through allocations to affiliated Putnam funds, such as dynamic asset allocation and multi-asset income strategies, reflecting a blend of growth and income objectives. As retirement nears, the portfolio aims to balance capital appreciation with current income, supporting investors' evolving financial needs. Putnam Retirement Advantage 2030 Fund Class A serves individuals, notably in employer-sponsored retirement plans and personal retirement accounts, looking for a professionally managed, adaptive investment solution that simplifies long-term retirement planning through automatic rebalancing and broad market exposure.

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

Performance

PDLTX had a total return of 5.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.10%.

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%
PDKAX	Class R Shares	1.20%
PDLKX	Class C Shares	1.55%

Top Holdings

99.98% of assets

Name	Symbol	Weight
Putnam Dynamic Asset Allocation Conservative Fund, Class P	n/a	57.06%
Putnam Multi-Asset Income Fund	n/a	21.40%
Putnam Dynamic Asset Allocation Balanced Fund, Class P	n/a	15.72%
Putnam Short Term Investment Fund, Class P	n/a	5.79%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.801	Dec 30, 2025
Dec 31, 2024	$0.482	Dec 31, 2024
Dec 29, 2023	$0.294	Dec 29, 2023
Dec 30, 2022	$0.654	Dec 30, 2022
Dec 31, 2021	$1.356	Dec 31, 2021
Dec 31, 2020	$0.130	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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