Putnam Retirement Advantage Plus 2045 Fund Class Y (PRVYX)
| Fund Assets | 327.91M |
| Expense Ratio | 0.60% |
| Min. Investment | $500 |
| Turnover | 21.00% |
| Dividend (ttm) | 0.53 |
| Dividend Yield | 1.71% |
| Dividend Growth | 23.15% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 31.08 |
| YTD Return | -3.48% |
| 1-Year Return | 12.07% |
| 5-Year Return | 39.71% |
| 52-Week Low | 25.44 |
| 52-Week High | 33.08 |
| Beta (5Y) | 0.78 |
| Holdings | 6 |
| Inception Date | Nov 1, 2004 |
About PRVYX
Putnam Sustainable Retirement 2045 Fund Class Y is a target-date mutual fund primarily designed for individuals planning to retire around the year 2045. Its investment approach centers on supporting long-term capital growth and current income, with a gradually shifting asset allocation that becomes more conservative as the target retirement year approaches. This fund distinguishes itself by focusing on sustainability; it allocates assets among a diversified mix of underlying funds that emphasize positive environmental, social, and governance (ESG) characteristics. The portfolio includes significant holdings in funds such as Putnam Sustainable Leaders ETF and Putnam Sustainable Future ETF, prioritizing companies and sectors with responsible business practices. By integrating ESG considerations, the fund seeks to address climate change, social responsibility, and corporate governance issues within its investment strategy. This product serves investors seeking broad diversification across asset classes and a values-based approach to retirement investing, adjusting allocations to help manage risk progressively as the retirement date nears.
Performance
PRVYX had a total return of 12.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.15%.
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 | $0.532 | Dec 30, 2025 |
| Dec 31, 2024 | $0.432 | Dec 31, 2024 |
| Dec 29, 2023 | $0.453 | Dec 29, 2023 |
| Dec 30, 2022 | $2.521 | Dec 30, 2022 |
| Dec 31, 2021 | $2.851 | Dec 31, 2021 |
| Dec 31, 2020 | $0.298 | Dec 31, 2020 |