PRTRX

About PRTRX

Putnam Sustainable Retirement 2060 Fund Class R is a target-date mutual fund designed for investors planning to retire around the year 2060. Its primary purpose is to provide a diversified investment approach that balances capital appreciation and current income, with a glide path that gradually shifts emphasis from growth to income as the target retirement date approaches. The fund achieves diversification by allocating assets across a variety of underlying funds, primarily Putnam's own suite of sustainable and ESG-focused exchange-traded funds. These include significant allocations to the Putnam Sustainable Leaders ETF, Putnam Sustainable Future ETF, Putnam PanAgora ESG International Equity ETF, and fixed income ETFs such as Putnam ESG Core Bond ETF. This structure supports exposure to both domestic and international equities, as well as fixed income, with a strong sustainability and environmental, social, and governance (ESG) orientation. The fund plays a key role in the retirement investment market by offering a ready-made solution for long-term investors who value ESG principles and seek a managed transition from growth to income as they approach retirement age.