Putnam Sustainable Retirement 2050 R6 (PREUX)
| Fund Assets | 234.06M |
| Expense Ratio | 0.50% |
| Min. Investment | $500 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 1.36% |
| Dividend Growth | -8.01% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 22.62 |
| YTD Return | 7.82% |
| 1-Year Return | 7.52% |
| 5-Year Return | 64.27% |
| 52-Week Low | 18.16 |
| 52-Week High | 22.72 |
| Beta (5Y) | n/a |
| Holdings | 8 |
| Inception Date | Sep 1, 2016 |
About PREUX
Putnam Sustainable Retirement 2050 Fund Class R6 is a target-date mutual fund designed for investors planning to retire around the year 2050. The fund pursues a blended investment approach, seeking both capital appreciation and current income, with its strategy gradually shifting from growth-oriented assets toward more income-focused investments as the target retirement date approaches. This transition reflects its primary purpose: to help investors manage risk and support income needs as they move closer to retirement. A standout feature of this fund is its focus on sustainability. A significant portion of the portfolio is allocated to Putnam’s suite of ESG (Environmental, Social, and Governance) ETFs and mutual funds, including holdings like Putnam Sustainable Leaders ETF and Putnam ESG Core Bond ETF, underlining the fund’s commitment to responsible investing. This makes it particularly relevant to those seeking to align their retirement savings with sustainable and ethical investment principles. Putnam Sustainable Retirement 2050 Fund Class R6 offers a cost advantage relative to many peers, ranking in the second-cheapest fee quintile among comparable target-date funds. Its diversified, ESG-integrated portfolio and lifecycle-based asset allocation underscore its prominent role within the target-date fund landscape for retirement-focused investors.
Performance
PREUX had a total return of 7.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.62%.
Top 10 Holdings
100.00% of assets| Name | Symbol | Weight |
|---|---|---|
| Putnam Sustainable Leaders ETF | PLDR | 41.33% |
| Putnam Sustainable Future ETF | PFUT | 20.80% |
| Putnam PanAgora ESG International Equity ETF | PPIE | 14.83% |
| Putnam ESG Core Bond ETF | PCRB | 10.53% |
| Putnam PanAgora ESG Emerging Markets Equity ETF | PPEM | 5.05% |
| Putnam ESG High Yield ETF | PHYD | 4.23% |
| Putnam ESG Ultra Short ETF | PULT | 2.86% |
| Net Cash | n/a | 0.36% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.310 | Dec 31, 2024 |
| Dec 29, 2023 | $0.337 | Dec 29, 2023 |
| Dec 30, 2022 | $2.113 | Dec 30, 2022 |
| Dec 31, 2021 | $2.362 | Dec 31, 2021 |
| Dec 31, 2020 | $0.302 | Dec 31, 2020 |
| Dec 31, 2019 | $1.348 | Dec 31, 2019 |