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Managed Fund Since 2019
Multi-Asset
PAEKX Putnam Retirement Advantage 2050 Fund
- Tailored to retirement. Each fund's target date reflects when investors are expected to retire and determines the portfolio's asset allocation.
- Unique glide path. Allocations are structured to pursue performance and mitigate risk near retirement.
- Comprehensively managed. Putnam's seasoned Global Asset Allocation team implements all steps of the investment process - the glide path, tactical allocations, and security selection.
Popular Documents
NAV
$13.18
As of 05/08/2026
YTD Total Returns At NAV
8.03%
As of 05/08/2026
Total Net Assets
$33.34M
As of 04/30/2026 (Updated Monthly)
Overview
Fund Facts
Fund description
Retirement Advantage Funds seek to maximize returns while maintaining a level of risk appropriate for a person planning to retire on or about the calendar year designated in each fund's name. Each fund's target date reflects when investors are expected to retire and determines the portfolio's asset allocation.
- Benchmark
- S&P Target Date To 2050 Index
- Fund Inception Date
- 12/31/2019
- Dividend Frequency, if any
- Annually
- Distribution Rate at NAV
As of 05/08/2026 (Updated Daily) - 3.36%
Sales Charges, Expenses & Fees
- Gross Expense Ratio
- 1.56%
- Net Expense Ratio
- 0.45%
- Maximum Initial Charge
- —
- CDSC
- N/A
- 12b-1 Fee
- —
Identifiers
- Ticker
- PAEKX
- Fund Number
- 7507
- CUSIP Code
- 74686J534
Average Annual Total Returns As of 03/31/2026
Class R6
- 19.16%1 Year
- 17.55%3 Years
- 10.13%5 Years
- —10 Years
- 11.50%Since Inception
12/31/2019
Additional Fund Info
- Share Class Inception Date
- 12/31/2019
- Investment Style
- Target Date
- Lipper Classification
- Mixed-Asset Target 2050 Funds
- Morningstar Category
- Target-Date 2050
Manager and Commentary
About the Team
Franklin Templeton Investment Solutions
Franklin Templeton Investment Solutions (FTIS) is a leader in multi-asset, quantitative, and hedged solutions, leveraging a global network of investment teams to offer innovative and diversified strategies. With a focus on long-term investing, we combine deep research, active management, and data-driven insights to create solutions which seek to meet the evolving needs of investors worldwide.
Franklin Templeton Investment Solutions
![[Adrian H Chans avatar]](https://franklintempletonprod.widen.net/content/ksbtu14cpf/webp/Chan_Adrian_500x500.png){kind=avatar}
Managed Fund Since 2021
![[Thomas Nelsons avatar]](https://franklintempletonprod.widen.net/content/wb0irvxlsv/webp/Nelson_Thomas_500x500.png){kind=avatar}
Managed Fund Since 2025
JK
Jacqueline Hurley Kenney, CFA®
Managed Fund Since 2025
JS
Jonathan M Schreiber, CFA®
Managed Fund Since 2025
Performance
Average Annual Total Returns
As of 03/31/2026
Selected Month March 2026
Class R6 - With Sales Charge (POP) (%)
Month End
As of 03/31/2026
Class R6 - Without Sales Charge (NAV) (%)
Month End
As of 03/31/2026
S&P Target Date To 2050 Index (%)
Month End
As of 03/31/2026
Ratings
Portfolio
Assets
As of03/31/2026 (Updated Monthly)
- Total Net Assets
- $31.03 Million
Positions
As of 03/31/2026 (Updated Monthly)
Number of Holdings
- Fund
- 3
Holdings
As of 03/31/2026 (Updated Monthly)
PUTNAM DYNAMIC ASSET ALLOCATION GROWTH FUND
PUTNAM DYNAMIC ASSET ALLOCATION EQUITY FUND
PUTNAM SHORT TERM INVESTMENT FUND
Cash and Equivalents
Distributions & Tax
- Distribution Frequency
- AnnuallyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Distributions Per Share
12/30/2025
Pricing
Pricing History
As of 05/08/2026 (Updated Daily)
Daily Fund Prices
As of 05/08/2026
Share Prices
As of 05/08/2026
- NAV
(Net Asset Value) - $13.18
- NAV Change
- $0.07
- NAV Change (%)
- 0.53%
- POP
(Public Offering Price) - $13.18
52-Week Range
- Highest NAV
As of 12/26/2025 - $13.56
- Lowest NAV
As of 05/08/2025 - $11.32
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Putnam Retirement Advantage Funds (Class R6) | |||
| Brochure - Retirement Advantage Participant - Focused |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Putnam Retirement Advantage 2050 Fund - Class R6 | |||
| Annual Financial Statements and Other Information - Putnam Retirement Advantage Funds | |||
| Semi-Annual Report - Putnam Retirement Advantage 2050 Fund - Class R6 | |||
| Semi-Annual Financial Statements and Other Information - Putnam Retirement Advantage Funds | |||
| Prospectus - Putnam Retirement Advantage Funds | |||
| Statement Of Additional Information- Putnam Target Date Funds | |||
| Fiscal Q1 Holdings - Putnam Target Date Funds | |||
| Fiscal Q3 Holdings - Putnam Retirement Advantage Funds |
Risks
All investments involve risks, including possible loss of principal. Investments in underlying funds are subject to the same risks as, and indirectly bear the fees and expenses of, the underlying funds. The allocation of assets among different strategies, asset classes and investments may not prove beneficial or produce the desired results. The investment style may become out of favor, which may have a negative impact on performance. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Real estate investment trusts (REITs) are closely linked to the performance of the real estate markets. REITs are subject to illiquidity, credit and interest rate risks, and risks associated with small- and mid-cap investments. Convertible securities are subject to the risks of stocks when the underlying stock price is high relative to the conversion price and debt securities when the underlying stock price is low relative to the conversion price. Active management does not ensure gains or protect against market declines. These and other risks are discussed in the fund's prospectus.