PADVX

About PADVX

Putnam Sustainable Retirement 2035 Fund Class R5 is a target-date mutual fund designed to support investors planning to retire around the year 2035. Its primary objective is to achieve both capital appreciation and current income, adjusting its asset allocation strategy over time to reflect a decreasing emphasis on growth and an increasing emphasis on income as the target retirement date approaches. The fund achieves broad diversification by investing in a range of underlying funds, spanning multiple asset classes. This approach is intended to balance risk and return throughout the investment lifecycle, adapting to an investor’s evolving needs as they near retirement. The fund is managed by Franklin Templeton Investments and leverages an asset allocation glide path, which systematically shifts investments from higher-risk, growth-oriented assets toward more conservative, income-generating holdings over time. This structure makes it a core component for long-term retirement strategies, appealing to individuals seeking a managed, all-in-one solution for retirement planning that evolves with their financial timeline.