Putnam Sustainable Retirement Maturity Fund Class R5 is an open-end mutual fund designed as a target-date portfolio for investors approaching or already in retirement. The fund's primary objective is to seek a high rate of current income while emphasizing preservation of capital, making it an option for individuals requiring income stability and risk management during retirement. This fund employs a diversified asset allocation strategy by investing chiefly in underlying exchange-traded funds (ETFs) that concentrate on securities with positive sustainability or environmental, social, and governance (ESG) characteristics. Its allocations as of late 2024 featured approximately 25% in equity investments and about 75% in fixed-income holdings, with notable positions in Putnam ESG Core Bond ETF, ESG High Yield ETF, Sustainable Leaders ETF, and others. Asset allocations are periodically rebalanced and may be adjusted in response to long-term demographic changes but generally remain stable. By integrating sustainable investment principles with a focus on income, the Putnam Sustainable Retirement Maturity Fund Class R5 aims to support retirees' financial needs while contributing to broader ESG objectives, highlighting its unique role within the growing market for responsible retirement solutions.
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