PAGUX

About PAGUX

Putnam Retirement Advantage 2045 Fund Class R4 is a target-date mutual fund designed primarily for individuals planning to retire around the year 2045. As a target-date fund, its primary function is to manage a diversified portfolio that gradually shifts its asset allocation over time, aiming to become more conservative as the target retirement date approaches. The fund invests its assets in a broad mix of underlying Putnam mutual funds, providing exposure to various asset classes such as equities, fixed income, and potentially alternative investments, thereby offering built-in diversification for investors. This fund is actively managed and periodically rebalanced to align with a glide path tailored for investors expecting to retire around 2045. The strategy is intended to balance growth potential in the early years with greater risk management as the target retirement year nears. Notable features include low exposure to carbon-related risks, as reflected in its asset-weighted Carbon Risk Score, which may appeal to investors mindful of environmental concerns. The fund’s role in the financial market is significant for retirement savers seeking a long-term, hands-off investment solution that automatically adjusts risk exposure as their retirement date approaches.