PADOX

About PADOX

Putnam Sustainable Retirement 2030 Fund - Class R3 is a target-date mutual fund designed to provide investors with a diversified investment solution aligned to a retirement horizon around the year 2030. This fund aims to balance long-term growth potential with risk management by automatically adjusting its asset allocation as the target date approaches. It typically shifts from a higher concentration in equities to a greater emphasis on fixed income and more conservative investments over time, reflecting a decreasing risk tolerance as retirement nears. An important characteristic of this fund is its explicit focus on sustainable investing, incorporating environmental, social, and governance (ESG) criteria to select and manage portfolio holdings. The fund provides exposure to multiple sectors and industries, but it actively considers sustainability factors, with a noted fossil fuel exposure of approximately 4% according to recent data, placing it in the mid-range among comparable sustainable target-date funds. By integrating ESG principles, the fund seeks to address the growing investor demand for responsible investment choices while maintaining a disciplined glide path toward retirement income needs.