Putnam Sustainable Retirement 2025 Fund Class Y (PRRPX)
| Fund Assets | 131.44M |
| Expense Ratio | 0.60% |
| Min. Investment | $500 |
| Turnover | n/a |
| Dividend (ttm) | 0.95 |
| Dividend Yield | 4.58% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Jul 23, 2025 |
| Previous Close | 20.65 |
| YTD Return | 4.47% |
| 1-Year Return | 6.54% |
| 5-Year Return | 25.47% |
| 52-Week Low | 18.92 |
| 52-Week High | 20.70 |
| Beta (5Y) | n/a |
| Holdings | 7 |
| Inception Date | Nov 1, 2004 |
About PRRPX
Putnam Sustainable Retirement 2025 Fund Class Y is a target-date mutual fund designed for investors approaching retirement around the year 2025. The fund's primary objective is to balance capital appreciation with current income, gradually shifting its asset allocation to reduce risk as the target retirement date nears. Its portfolio emphasizes sustainable investing by focusing on environmental, social, and governance (ESG) principles, predominantly allocating assets to Putnam's own suite of ESG-focused ETFs. Major holdings include Putnam ESG Core Bond ETF, Putnam ESG High Yield ETF, and Putnam Sustainable Leaders ETF, resulting in a diversified mix of bonds and equities with a strong sustainability mandate. As the fund approaches its target date, management increases its allocation to fixed income assets and reduces equity exposure to help manage volatility and preserve capital for investors entering retirement. This strategy makes it a notable option for individuals seeking both responsible investing and a professionally managed glide path toward retirement income needs. The fund is structured for institutional investors and is overseen by multiple managers, aiming to provide a balanced, ESG-conscious approach within the target-date 2025 fund category.
Performance
PRRPX had a total return of 6.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.82%.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Putnam ESG Core Bond ETF | PCRB | 48.78% |
| Putnam ESG High Yield ETF | PHYD | 15.68% |
| Putnam Sustainable Leaders ETF | PLDR | 15.47% |
| Putnam Sustainable Future ETF | PFUT | 8.00% |
| Putnam ESG Ultra Short ETF | PULT | 7.12% |
| Putnam PanAgora ESG International Equity ETF | PPIE | 4.84% |
| Net Cash | n/a | 0.11% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 23, 2025 | $0.3639 | Jul 23, 2025 |
| Dec 31, 2024 | $0.584 | Dec 31, 2024 |
| Dec 29, 2023 | $0.650 | Dec 29, 2023 |
| Dec 30, 2022 | $1.794 | Dec 30, 2022 |
| Dec 31, 2021 | $1.505 | Dec 31, 2021 |
| Dec 31, 2020 | $0.564 | Dec 31, 2020 |