PAHLX

About PAHLX

Putnam Retirement Advantage 2060 Fund Class R5 is a target-date mutual fund designed to help investors save for retirement with an anticipated retirement date near the year 2060. The fund employs a "glide path" strategy, gradually shifting its asset allocation from a focus on capital appreciation to greater stability and income as the target date approaches. Early on, the portfolio is weighted more heavily toward equities to maximize growth potential, then incrementally increases its allocation to fixed income and other conservative assets over time. This systematic transition aims to balance long-term growth with risk management as participants near retirement. The fund is diversified across various sectors and asset classes, catering to individuals seeking a managed, age-based approach to retirement investing. Class R5 shares are often used in employer-sponsored retirement plans, offering competitive fees relative to peer funds. Putnam Retirement Advantage 2060 Fund Class R5 serves as an all-in-one solution for long-term retirement investors, simplifying decision-making by automatically adjusting investment strategies over time.