Putnam Retirement Advantage Plus 2045 Fund Class A (PRVLX)
| Fund Assets | 327.91M |
| Expense Ratio | 0.85% |
| Min. Investment | $500 |
| Turnover | 21.00% |
| Dividend (ttm) | 0.48 |
| Dividend Yield | 1.96% |
| Dividend Growth | 19.28% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 22.97 |
| YTD Return | -3.57% |
| 1-Year Return | 11.73% |
| 5-Year Return | 37.91% |
| 52-Week Low | 18.92 |
| 52-Week High | 24.55 |
| Beta (5Y) | n/a |
| Holdings | 6 |
| Inception Date | Nov 1, 2004 |
About PRVLX
Putnam Sustainable Retirement 2045 Fund Class A is a target date mutual fund designed to support long-term retirement planning for investors anticipating retirement around the year 2045. The fund’s primary objective is to deliver a diversified investment across multiple asset classes by allocating capital to various underlying funds, mainly focusing on those with strong sustainability and ESG (environmental, social, and governance) criteria. Its structure provides investors access to a blend of domestic and international equity and fixed-income securities, and over time, the allocation gradually shifts to prioritize capital preservation and income as the target date approaches. This shift follows a predetermined glide path, progressively reducing equity exposure in favor of less volatile investments. The fund plays a significant role in retirement portfolios by offering a professionally managed, all-in-one solution that seeks to balance growth and risk management through sustainable investing principles. As the target date nears, the fund’s asset mix aligns with strategies designed to support income needs and capital protection during retirement years.
Performance
PRVLX had a total return of 11.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.87%.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Putnam Dynamic Asset Allocation Gr P | n/a | 81.46% |
| Putnam Dynamic Asset Allocation Equity P | n/a | 7.83% |
| Cash And Equivalents | n/a | 3.97% |
| Putnam Fds Tr | n/a | 2.69% |
| Franklin BSP Lending Fund | FBREX | 2.03% |
| Clarion Partners Real Estate Income Fund Inc. | CPREX | 2.02% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.4783 | Dec 30, 2025 |
| Dec 31, 2024 | $0.401 | Dec 31, 2024 |
| Dec 29, 2023 | $0.412 | Dec 29, 2023 |
| Dec 30, 2022 | $2.481 | Dec 30, 2022 |
| Dec 31, 2021 | $2.787 | Dec 31, 2021 |
| Dec 31, 2020 | $0.052 | Dec 31, 2020 |