PAGWX

About PAGWX

Putnam Retirement Advantage 2045 Fund R5 is a target-date mutual fund designed for investors planning to retire around 2045. The fund’s primary purpose is to provide a diversified, age‑appropriate allocation that gradually shifts from growth‑oriented assets toward more conservative holdings as the target date approaches, aiming to balance capital appreciation in earlier years with increasing emphasis on risk management over time. It invests through an underlying fund‑of‑funds structure, offering exposure to global equities, fixed income, and complementary asset classes in a single, professionally managed solution. The glide path and portfolio construction are overseen by Putnam’s multi‑asset team, which manages strategic asset allocation, manager selection, and rebalancing to maintain the intended risk profile. This fund serves as a core retirement vehicle within defined contribution plans, helping participants consolidate savings into one instrument that adapts automatically as they progress toward retirement. By integrating diversified building blocks and systematic allocation adjustments, Putnam Retirement Advantage 2045 Fund R5 plays a notable role in simplifying long‑horizon retirement investing for individuals and plan sponsors alike.