PRROX

About PRROX

Putnam Sustainable Retirement 2025 Fund Class A is a target‑date mutual fund designed to support investors approaching retirement around 2025 through a diversified, age‑appropriate asset mix. The fund follows a glide path that gradually reduces equity exposure and increases allocations to fixed income and cash equivalents as the target date nears, seeking to moderate volatility while maintaining long‑term growth potential. It integrates sustainable investing considerations within its underlying strategies, incorporating environmental, social, and governance factors alongside traditional analysis. The fund invests across multiple asset classes and sectors through an actively managed, multi‑manager structure associated with Putnam’s retirement series, reflecting a disciplined process formalized when the series adopted the sustainable mandate. In July 2025, the strategy reached its near‑maturity phase and was combined into a maturity‑dated counterpart to align the portfolio more closely with the needs of investors at or in retirement, while preserving continuity of objective and process.