PRRPX

About PRRPX

Putnam Sustainable Retirement 2025 Fund Class Y is a target-date mutual fund designed for investors approaching retirement around the year 2025. The fund's primary objective is to balance capital appreciation with current income, gradually shifting its asset allocation to reduce risk as the target retirement date nears. Its portfolio emphasizes sustainable investing by focusing on environmental, social, and governance (ESG) principles, predominantly allocating assets to Putnam's own suite of ESG-focused ETFs. Major holdings include Putnam ESG Core Bond ETF, Putnam ESG High Yield ETF, and Putnam Sustainable Leaders ETF, resulting in a diversified mix of bonds and equities with a strong sustainability mandate. As the fund approaches its target date, management increases its allocation to fixed income assets and reduces equity exposure to help manage volatility and preserve capital for investors entering retirement. This strategy makes it a notable option for individuals seeking both responsible investing and a professionally managed glide path toward retirement income needs. The fund is structured for institutional investors and is overseen by multiple managers, aiming to provide a balanced, ESG-conscious approach within the target-date 2025 fund category.