Franklin Retirement Advantage Pl 2045 Y (PRVYX)

Fund Assets	327.91M
Expense Ratio	0.68%
Min. Investment	$500
Turnover	21.00%
Dividend (ttm)	0.53
Dividend Yield	1.52%
Dividend Growth	23.15%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	34.99
YTD Return	8.57%
1-Year Return	13.79%
5-Year Return	45.70%
52-Week Low	30.14
52-Week High	35.23
Beta (5Y)	0.77
Holdings	8
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.

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

Performance

PRVYX had a total return of 13.79% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.80%.

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	$0.532	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

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

Data Sources Report a data error