PREHX

About PREHX

Putnam Sustainable Retirement 2040 Fund Class R6 is a target-date mutual fund designed to help investors save for retirement with an anticipated need for funds around the year 2040. The fund’s primary objective is to achieve capital appreciation and current income, with a strategic shift over time: as 2040 approaches, the focus transitions from growth toward income, reflecting the evolving risk tolerance and income needs of investors nearing retirement. The fund employs a diversified, actively managed asset allocation strategy, investing across a broad mix of domestic and international equities, fixed income, and cash equivalents. Notably, it emphasizes sustainable investing by incorporating environmental, social, and governance (ESG) criteria in its selection process, aiming to generate positive long-term impact alongside financial returns. As part of the target-date category, the fund’s allocation becomes progressively more conservative as the target date draws near, helping to reduce volatility and preserve accumulated savings. Managed by a dedicated team, the fund supports investors seeking a professionally managed glide path for retirement savings with a commitment to responsible investment principles.