Morningstar

Franklin Retirement Advantage Plus 2045 Fund Class A PRVLX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 25.03  /  −0.75 %
  • Total Assets 367.4M
  • Adj. Expense Ratio
    0.850%
  • Expense Ratio 0.320%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Target-Date 2045
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 1.89%
  • Turnover 19%

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PRVLX

Will PRVLX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRVLX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PRVLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PRVLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Putnam Retirement Advantage Plus 2045 A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings PRVLX

More PRVLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 99.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Franklin Dynamic Asset Allocation Gr P

84.85 317M
—

Franklin Dynamic Asset Allocation Eq P

5.90 22M
—

Putnam Fds Tr

2.90 11M
—

Franklin BSP Lending R6

1.93 7M
—

Clarion Partners Real Estate Inc I

1.91 7M
—

Franklin Dynamic Asset Allocation Bal P

1.78 7M
—

Usd

0.73 3M
Cash and Equivalents

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