About PREVX
Putnam Sustainable Retirement 2055 Fund Class R6 is a target-date mutual fund designed specifically for investors planning to retire around the year 2055. This fund seeks to provide a balance between capital appreciation and current income, with its strategy shifting as the target retirement date approaches. Early in its lifecycle, the fund emphasizes growth through equities, gradually reducing risk by increasing allocations to more conservative fixed-income assets over time. The fund incorporates sustainable investing principles, aiming to support companies with positive environmental, social, and governance practices. With a portfolio turnover ratio of 13%, it maintains a relatively stable asset mix, reflecting a long-term investment horizon. Income is distributed annually, further supporting retirement goals. The Class R6 shares are typically available to retirement plans and institutional investors, offering lower expense ratios and no sales loads. By focusing on both sustainability and a disciplined glide path to retirement, this fund plays a crucial role for investors seeking a cost-efficient, professionally managed option for long-term retirement planning.
Fund Family Franklin Templeton Investments
Category Target-Date 2055
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol PREVX
Index S&P 500 TR
PREVX had a total return of 15.22% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.77%.
