Franklin Retirement Advantage Pl 2040 Y (PRZZX)

Fund Assets	395.86M
Expense Ratio	0.64%
Min. Investment	$500
Turnover	17.00%
Dividend (ttm)	0.61
Dividend Yield	1.80%
Dividend Growth	23.91%
Payout Frequency	Annual
Ex-Dividend Date	Dec 30, 2025

Previous Close	33.74
YTD Return	6.40%
1-Year Return	8.06%
5-Year Return	42.52%
52-Week Low	29.99
52-Week High	34.42
Beta (5Y)	0.71
Holdings	7
Inception Date	Nov 1, 2004

About PRZZX

Putnam Sustainable Retirement 2040 Fund Class Y is a target-date mutual fund designed for investors planning to retire around the year 2040. Its primary function is to balance the objectives of capital appreciation and income growth, with risk profiles that adjust as the target retirement year approaches. The fund achieves its goals by diversifying assets across a range of underlying funds, primarily focusing on exchange-traded funds (ETFs) that emphasize sustainability and strong environmental, social, and governance (ESG) characteristics. The portfolio invests heavily in affiliated Putnam ESG funds, with the top holdings collectively making up a substantial portion of assets, indicating a concentrated approach within the sustainable investment universe. As a target-date fund, its asset allocation becomes more conservative over time, aiming to protect investors' capital as they near retirement while still seeking growth in earlier years. Putnam Sustainable Retirement 2040 Fund Class Y serves as a comprehensive solution for retirement planning by offering exposure to multiple asset classes and maintaining a sustained focus on responsible investing within the broader financial market.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2040
• Performance Rating: Low
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: PRZZX
• Index: S&P 500 TR

Performance

PRZZX had a total return of 8.06% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.87%.

Equivalent Funds

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

Symbol	Provider	Name	Expense Ratio
FTFFX	Fidelity	Fidelity Advisor Freedom 2040 M	1.15%
FCFFX	Fidelity	Fidelity Advisor Freedom 2040 C	1.67%
FAFFX	Fidelity	Fidelity Advisor Freedom 2040 A	0.87%
FIJPX	Fidelity	Fidelity Advisor Freedom 2040 Z	0.60%
FIFFX	Fidelity	Fidelity Advisor Freedom 2040 I	0.64%

Top Holdings

Name	Symbol	Weight
Franklin Dynamic Asset Allocation Gr P	n/a	55.93%
Franklin Dynamic Asset Allocation Bal P	n/a	34.44%
Putnam Fds Tr	n/a	4.08%
Franklin BSP Lending Fund	FBREX	2.93%
Clarion Partners Real Estate Inc I	CPREX	2.93%
Usd	n/a	0.05%
Usd	n/a	-0.37%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.6109	Dec 30, 2025
Dec 31, 2024	$0.493	Dec 31, 2024
Dec 29, 2023	$0.503	Dec 29, 2023
Dec 30, 2022	$3.194	Dec 30, 2022
Dec 31, 2021	$2.623	Dec 31, 2021
Dec 31, 2020	$0.480	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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