PLFGX

About PLFGX

Putnam Retirement Maturity Fund Class C is an open-end mutual fund tailored for individuals nearing or already in retirement. Its primary function is to manage a diversified portfolio with a focus that shifts toward income generation and capital preservation as its target date approaches. To achieve this, the fund invests the majority of its assets in Putnam’s Multi-Asset Income Fund—which emphasizes fixed-income securities—and supplements this with allocations to short-term, investment-grade funds. This asset allocation is actively managed and periodically adjusted to align with its retirement-based investment objective. The fund is designed to help investors transition into retirement smoothly, offering core exposure across multiple asset classes with an increasing emphasis on stability and reliable income. Its role in the financial market is to serve as a retirement-focused solution within the broader segment of target-date and maturity funds, providing investors with a professionally managed, dynamically allocated investment option to support financial needs during the retirement phase.