PRRJX

About PRRJX

Putnam Sustainable Retirement 2050 Fund Class A is a target-date mutual fund designed to support long-term retirement savings, with a target maturity year of 2050. Its primary function is to provide investors with a diversified portfolio that gradually shifts its asset allocation over time. Early on, the fund emphasizes capital appreciation through a higher allocation to growth-oriented assets, such as equities, and as it approaches the target date, it strategically increases its focus on current income and stability by allocating more to fixed income and lower-risk assets. A notable feature of this fund is its integration of sustainability and ESG (Environmental, Social, and Governance) criteria into its investment process. The underlying portfolio is primarily composed of exchange-traded funds that prioritize positive ESG characteristics, aiming to generate returns while considering social and environmental impacts. The fund is suitable for individuals planning to retire around 2050 and seeking a managed, socially conscious approach to retirement investing. With a minimum investment requirement and an annual payout, Putnam Sustainable Retirement 2050 Fund Class A plays a significant role in helping investors manage risk and align their investments with personal sustainability values as they approach retirement.