Putnam Sustainable Retirement 2050 A (PRRJX)
| Fund Assets | 239.21M |
| Expense Ratio | 0.85% |
| Min. Investment | $500 |
| Turnover | 17.00% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 1.08% |
| Dividend Growth | -6.41% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 23.12 |
| YTD Return | 9.57% |
| 1-Year Return | 8.87% |
| 5-Year Return | 64.62% |
| 52-Week Low | 18.18 |
| 52-Week High | 23.16 |
| Beta (5Y) | n/a |
| Holdings | 8 |
| Inception Date | May 2, 2005 |
About PRRJX
Putnam Sustainable Retirement 2050 Fund Class A is a target-date mutual fund designed to support long-term retirement savings, with a target maturity year of 2050. Its primary function is to provide investors with a diversified portfolio that gradually shifts its asset allocation over time. Early on, the fund emphasizes capital appreciation through a higher allocation to growth-oriented assets, such as equities, and as it approaches the target date, it strategically increases its focus on current income and stability by allocating more to fixed income and lower-risk assets. A notable feature of this fund is its integration of sustainability and ESG (Environmental, Social, and Governance) criteria into its investment process. The underlying portfolio is primarily composed of exchange-traded funds that prioritize positive ESG characteristics, aiming to generate returns while considering social and environmental impacts. The fund is suitable for individuals planning to retire around 2050 and seeking a managed, socially conscious approach to retirement investing. With a minimum investment requirement and an annual payout, Putnam Sustainable Retirement 2050 Fund Class A plays a significant role in helping investors manage risk and align their investments with personal sustainability values as they approach retirement.
Performance
PRRJX had a total return of 8.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.06%.
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 | $0.263 | Dec 31, 2024 |
| Dec 29, 2023 | $0.281 | Dec 29, 2023 |
| Dec 30, 2022 | $2.049 | Dec 30, 2022 |
| Dec 31, 2021 | $2.286 | Dec 31, 2021 |
| Dec 31, 2020 | $0.001 | Dec 31, 2020 |
| Dec 31, 2019 | $1.293 | Dec 31, 2019 |