PADUX

About PADUX

Putnam Sustainable Retirement 2035 Fund Class R3 is a target-date mutual fund designed primarily for investors planning to retire around the year 2035. Its primary function is to provide capital appreciation and current income, with the investment strategy evolving as the target date approaches. The fund distinguishes itself by integrating environmental, social, and governance (ESG) criteria into its portfolio construction, favoring holdings that meet sustainability standards. It invests across a mix of asset classes, including equities and fixed income, and its largest allocations are typically to funds such as Putnam Sustainable Leaders ETF and Putnam ESG Core Bond ETF, along with other ESG-oriented investment vehicles. The fund's diversified approach helps balance growth potential with risk management as investors near retirement age. Its significance in the financial market lies in offering a solution for individuals seeking retirement planning products with a sustainability focus, aligning investment goals with broader societal values and responsible investing trends.