Franklin Retirement Advantage Plus 2045 Fund Class A (PRVLX)

Fund Assets	327.91M
Expense Ratio	0.929%
Min. Investment	$500
Turnover	21.00%
Dividend (ttm)	0.48
Dividend Yield	1.87%
Dividend Growth	19.28%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	25.45
YTD Return	7.35%
1-Year Return	9.22%
5-Year Return	44.79%
52-Week Low	22.28
52-Week High	26.01
Beta (5Y)	0.76
Holdings	7
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.

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

Performance

PRVLX had a total return of 9.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.34%.

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	n/a
FFFGX	Fidelity	Fidelity Freedom 2045 Fund	0.67%
FCGLX	Fidelity	Fidelity Advisor Freedom 2045 K6	0.46%
FFFTX	Fidelity	Fidelity Advisor Freedom 2045 M	1.23%
FFFZX	Fidelity	Fidelity Advisor Freedom 2045 A	0.93%

Top Holdings

Name	Symbol	Weight
Franklin Dynamic Asset Allocation Gr P	n/a	84.86%
Franklin Dynamic Asset Allocation Eq P	n/a	5.96%
Putnam Fds Tr	n/a	3.19%
Franklin BSP Lending Fund	FBREX	2.04%
Clarion Partners Real Estate Inc I	CPREX	2.04%
Franklin Dynamic Asset Allocation Bal P	n/a	1.74%
Usd	n/a	0.17%

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

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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