PRRVX

About PRRVX

Putnam Sustainable Retirement 2055 Fund Class R is a target-date mutual fund designed to address the long-term retirement needs of investors planning to retire around the year 2055. Its primary purpose is to provide a balanced investment solution that evolves its asset allocation over time: in the early years, the fund emphasizes capital appreciation through higher exposure to equities, and as the target date approaches, it systematically increases its allocation to fixed income and income-generating assets to prioritize capital preservation and steady income. This transition reflects a decreasing emphasis on growth and an increasing focus on reducing risk and providing stable returns as retirement nears. The fund also incorporates sustainability considerations in its investment process, selecting securities with positive environmental, social, and governance (ESG) characteristics. By combining a disciplined glide path methodology with sustainable investment criteria, the Putnam Sustainable Retirement 2055 Fund Class R aims to support retirement savers with diversified exposure, risk management, and responsible investing throughout their savings journey.