PREKX Putnam Retirement Advantage Plus 2045 Fund
- Established target date expertise focused on improving participant outcomes. Designed and managed by the same Franklin Templeton Investment Solutions (FTIS) team that oversees Putnam Retirement Advantage.
- Deep private alternatives due diligence and manager research capabilities. Supported by FTIS' dedicated alternatives manager research team, with 30+ years of experience conducting hedge fund and private alternatives due diligence.
- Enhanced diversification within a target date framework. Professionally managed diversified exposure to traditional and alternative asset classes at the total portfolio level.
Popular Documents
Upcoming name change
Fund repositioned
Overview
Fund Facts
Fund description
Seeks capital appreciation and current income consistent with a decreasing emphasis on capital appreciation and an increasing emphasis on current income as it approaches its target date. Each fund's target date reflects when investors are expected to retire and determines the portfolio's asset allocation.
- Benchmark
- S&P Target Date To 2045 Index
- Fund Inception Date
- 11/01/2004
- Dividend Frequency, if any
- Annually
- Distribution Rate at NAV
As of 05/22/2026 (Updated Daily) - 1.65%
Sales Charges, Expenses & Fees
- Gross Expense Ratio
- 1.26%
- Net Expense Ratio
- 0.58%
- Maximum Initial Charge
- —
- CDSC
- N/A
- 12b-1 Fee
- N/A
Identifiers
- Ticker
- PREKX
- Fund Number
- 8959
- CUSIP Code
- 746859149
Average Annual Total Returns As of 04/30/2026
Class R6
- 18.78%1 Year
- 14.23%3 Years
- 7.87%5 Years
- 9.49%10 Years
- 7.61%Since Inception
10/29/2004
Additional Fund Info
- Share Class Inception Date
- 09/01/2016
- Investment Style
- Target Date
- Lipper Classification
- Mixed-Asset Target 2045 Funds
- Morningstar Category
- Target-Date 2045
Manager and Commentary
About the Team
Franklin Templeton Investment Solutions
Franklin Templeton Investment Solutions (FTIS) is a leader in multi-asset, quantitative, and hedged solutions, leveraging a global network of investment teams to offer innovative and diversified strategies. With a focus on long-term investing, we combine deep research, active management, and data-driven insights to create solutions which seek to meet the evolving needs of investors worldwide.
Latest Insights
May 8, 2026
April 7, 2026
March 26, 2026
March 25, 2026