Franklin Retirement Advantage 2035 Y (POWYX)

Fund Assets	46.88M
Expense Ratio	0.55%
Min. Investment	$500
Turnover	34.00%
Dividend (ttm)	0.92
Dividend Yield	7.68%
Dividend Growth	41.17%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	11.89
YTD Return	6.45%
1-Year Return	9.25%
5-Year Return	46.45%
52-Week Low	10.85
52-Week High	12.37
Beta (5Y)	0.69
Holdings	4
Inception Date	Sep 1, 2020

About POWYX

Putnam Retirement Advantage 2035 Fund Class Y is a target-date mutual fund tailored for individuals planning to retire around the year 2035. As a diversified fund, it strategically adjusts its asset allocation over time, transitioning from a focus on capital appreciation to an increasing emphasis on income generation as the target date approaches. The fund achieves diversification by investing in a mix of underlying Putnam mutual funds that span domestic and international equities, as well as fixed income securities. As of its latest reported portfolio, about half of its assets are allocated to domestic stocks, with additional exposure to foreign stocks and bonds, fostering broad market coverage. The investment approach is managed actively by an experienced team, with allocations updated quarterly to match the fund’s glide path. With a low expense ratio and a minimum investment threshold, this fund is positioned to meet the evolving risk and return needs of investors progressing toward retirement. Its annual dividend payouts and adaptive strategy make it a notable player in the retirement planning sector, supporting gradual portfolio de-risking as the target date nears.

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

Performance

POWYX had a total return of 9.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.58%.

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%
PDFLX	Class A Shares	0.80%
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	$1.1105	Dec 30, 2025
Dec 31, 2024	$0.700	Dec 31, 2024
Dec 29, 2023	$0.445	Dec 29, 2023
Dec 30, 2022	$0.748	Dec 30, 2022
Dec 31, 2021	$1.621	Dec 31, 2021
Dec 31, 2020	$0.189	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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