About PCJRX
Putnam Sustainable Retirement 2065 Fund Class C is a target-date mutual fund designed to help investors accumulate and grow retirement savings with a projected retirement year around 2065. The fund primarily focuses on both capital appreciation and income generation, progressively shifting its asset allocation from growth-oriented investments, such as equities, to more income-generating and less volatile assets, like fixed income, as it approaches its target date. This shift reflects the fund’s aim to support savers through their working years and transition them into retirement, balancing longevity risk and market exposure.
Notable features include an emphasis on sustainable investing, integrating environmental, social, and governance (ESG) criteria into portfolio decisions. The fund invests across a diversified range of sectors and companies, including leading global firms, while continuously evaluating sustainability factors. With an annual expense ratio of 1.60% and a minimum investment requirement of $500, it is accessible to a broad range of retirement investors. The fund pays annual dividends and has demonstrated returns in line with its growth and income objectives, making it a key offering for those seeking a managed path to retirement within a broadly diversified, ESG-aware framework.
Fund Family Franklin Templeton Investments
Category Target-Date 2065+
Performance Rating Low
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol PCJRX
Share Class Class C
Index S&P 500 TR
PCJRX had a total return of 10.19% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.13%.
