Franklin Retirement Advantage Pl 2045 R6 (PREKX)

Fund Assets	327.91M
Expense Ratio	0.58%
Min. Investment	$500
Turnover	21.00%
Dividend (ttm)	0.56
Dividend Yield	1.60%
Dividend Growth	23.26%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	35.03
YTD Return	8.67%
1-Year Return	13.90%
5-Year Return	46.50%
52-Week Low	30.16
52-Week High	35.26
Beta (5Y)	0.76
Holdings	8
Inception Date	Sep 1, 2016

About PREKX

Putnam Sustainable Retirement 2045 Fund Class R6 is a target-date mutual fund designed to help investors prepare for retirement around the year 2045. Its primary function is to offer long-term capital appreciation and income by blending a diversified portfolio of underlying funds with an emphasis on sustainability. The fund invests mainly in other exchange-traded funds and mutual funds that focus on positive environmental, social, and governance (ESG) characteristics, reflecting a commitment to responsible investing. As a target-date fund, its asset allocation strategy evolves over time: in earlier years, it seeks higher growth through equity exposure, and as the target retirement date approaches, it gradually shifts towards more conservative investments to prioritize capital preservation and income. This dynamic allocation follows a predetermined glide path, which is regularly adjusted to account for the number of years remaining until the target date. The fund is intended for individuals planning to retire or begin planned withdrawals near 2045, and eventually transitions its holdings to reflect the needs of retirees, ultimately merging into the Putnam Sustainable Retirement Maturity Fund for ongoing income and capital preservation needs.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2045
• Performance Rating: Below Average
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: PREKX
• Index: S&P 500 TR

Performance

PREKX had a total return of 13.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.55%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FOLSX	Fidelity	Fidelity Flex Freedom Blend 2045 Fund	0.01%
FFFGX	Fidelity	Fidelity Freedom 2045 Fund	0.68%
FCGLX	Fidelity	Fidelity Advisor Freedom 2045 K6	0.45%
FFFTX	Fidelity	Fidelity Advisor Freedom 2045 M	1.18%
FFFZX	Fidelity	Fidelity Advisor Freedom 2045 A	0.93%

Top Holdings

Name	Symbol	Weight
Franklin Dynamic Asset Allocation Gr P	n/a	84.91%
Franklin Dynamic Asset Allocation Eq P	n/a	5.92%
Putnam Fds Tr	n/a	3.24%
Franklin BSP Lending Fund	FBREX	2.09%
Clarion Partners Real Estate Inc I	CPREX	2.07%
Franklin Dynamic Asset Allocation Bal P	n/a	1.77%
Usd	n/a	0.04%
Usd	n/a	-0.04%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.5596	Dec 30, 2025
Dec 31, 2024	$0.454	Dec 31, 2024
Dec 29, 2023	$0.473	Dec 29, 2023
Dec 30, 2022	$2.545	Dec 30, 2022
Dec 31, 2021	$2.876	Dec 31, 2021
Dec 31, 2020	$0.294	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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