- ISIN
- US7468594798
- Issuer
- Putnam
- Inception Date
- Oct 31, 2004
- Category
- Target Retirement Date
- Min. Investment
- $500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
PRVYX Performance Chart
Putnam RetirementReady 2045 Fund (PRVYX) is up 6.5% since the beginning of the year. PRVYX is currently trading at $34 per share. Investors who bought $1,000 worth of PRVYX shares 5 years ago would now be looking at an investment worth $1,481.
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Returns By Period
Putnam RetirementReady 2045 Fund (PRVYX) has returned 6.52% so far this year and 17.23% over the past 12 months. Over the last ten years, PRVYX has returned 9.64% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Putnam RetirementReady 2045 Fund
- 1D
- 0.29%
- 1M
- 3.63%
- YTD
- 6.52%
- 6M
- 6.39%
- 1Y
- 17.23%
- 3Y*
- 14.79%
- 5Y*
- 8.17%
- 10Y*
- 9.64%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
PRVYX Monthly Returns History
Based on dividend-adjusted daily data since Aug 3, 2012, PRVYX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 69% of months were positive and 31% were negative. The best month was Nov 2023 with a return of +8.7%, while the worst month was Mar 2020 at -11.1%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PRVYX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +5.3%, while the worst single day was Mar 16, 2020 at -7.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.06% | 0.12% | -4.37% | 7.20% | 3.42% | 0.29% | 6.52% | ||||||
| 2025 | 3.47% | -2.22% | -4.58% | 0.75% | 4.66% | 3.41% | 0.91% | 1.03% | 2.46% | 1.69% | 0.71% | -0.22% | 12.36% |
| 2024 | 1.78% | 4.57% | 2.73% | -3.79% | 4.64% | 1.69% | 1.00% | 2.02% | 1.81% | -2.47% | 4.06% | -3.96% | 14.45% |
| 2023 | 5.14% | -2.29% | 2.61% | 0.69% | 0.30% | 3.97% | 1.85% | -1.29% | -4.13% | -1.75% | 8.67% | 4.84% | 19.42% |
| 2022 | -3.87% | -2.01% | 1.45% | -6.07% | 0.43% | -6.82% | 5.69% | -2.53% | -6.50% | 4.86% | 5.05% | -3.37% | -13.86% |
| 2021 | -0.29% | 2.02% | 2.16% | 3.35% | 1.30% | 1.69% | 0.60% | 2.18% | -3.74% | 3.42% | -1.30% | 2.81% | 14.88% |
Benchmark Metrics
Putnam RetirementReady 2045 Fund has an annualized alpha of 0.48%, beta of 0.70, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since August 06, 2012.
- This fund participated in 83.29% of S&P 500 Index downside but only 74.93% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.48%
- Beta
- 0.70
- R²
- 0.93
- Upside Capture
- 74.93%
- Downside Capture
- 83.29%
Expense Ratio
PRVYX has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
PRVYX ranks 38 for risk / return — below 38% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Putnam RetirementReady 2045 Fund (PRVYX) and compare them to S&P 500 Index.
| PRVYX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.77 | 2.39 | -0.62 |
Sortino ratioReturn per unit of downside risk | 2.52 | 3.25 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.43 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 3.11 | -0.89 |
Martin ratioReturn relative to average drawdown | 9.26 | 14.38 | -5.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Putnam RetirementReady 2045 Fund provided a 1.55% dividend yield over the last twelve months, with an annual payout of $0.53 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.53 | $0.53 | $0.43 | $0.45 | $2.52 | $2.85 | $0.30 | $1.29 | $2.68 | $1.04 | $0.14 | $0.45 |
Dividend yield | 1.55% | 1.65% | 1.48% | 1.75% | 11.46% | 10.01% | 1.09% | 5.24% | 12.39% | 3.88% | 0.58% | 2.07% |
Monthly Dividends
The table displays the monthly dividend distributions for Putnam RetirementReady 2045 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.53 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.52 | $2.52 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.85 | $2.85 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Putnam RetirementReady 2045 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Putnam RetirementReady 2045 Fund was 26.94%, occurring on Mar 23, 2020. Recovery took 103 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -26.94%Mar 2020 | 1mo 4d | 4mo 28d | 6mo 2dFeb 2020 - Aug 2020 |
Bear market2022 | -19.39%Sep 2022 | 8mo 28d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
Rate-hike selloffLate 2018 | -17.65%Dec 2018 | 10mo 29d | 10mo 26d | 1y 9moJan 2018 - Nov 2019 |
2025 selloff2025 | -16.83%Apr 2025 | 4mo | 2mo 23d | 6mo 23dDec 2024 - Jun 2025 |
2016 correction2016 | -16.01%Feb 2016 | 8mo 25d | 10mo | 1y 6moMay 2015 - Dec 2016 |
Drawdown Indicators
| PRVYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.94% | -56.78% | +29.84% |
Max Drawdown (1Y)Largest decline over 1 year | -7.94% | -9.10% | +1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | -18.90% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -19.39% | -25.43% | +6.04% |
Max Drawdown (10Y)Largest decline over 10 years | -26.94% | -33.92% | +6.98% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -10.72% | +7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 1.97% | -0.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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