About PRRWX
Putnam Sustainable Retirement 2035 Fund Class A is a target-date mutual fund designed to help investors accumulate assets and manage risk as they approach and enter retirement around the year 2035. The fund employs a diversified investment strategy, holding a mix of equities, bonds, and cash equivalents, with asset allocations that gradually shift to become more conservative as the target retirement date nears. Notably, this fund integrates sustainable investing principles, emphasizing environmental, social, and governance (ESG) factors by investing predominantly in underlying Putnam ESG-focused ETFs and funds. It aims to provide both capital appreciation in earlier years and increasing current income as retirement draws closer, reflecting a decreasing emphasis on equity growth and a growing allocation to fixed income over time. The fund serves investors seeking a comprehensive, professionally managed, and sustainability-oriented portfolio tailored to transitioning toward retirement. As of mid-2025, the Putnam Sustainable Retirement 2035 Fund Class A holds a concentrated portfolio primarily invested in affiliated ESG funds, and while it emphasizes sustainability, a portion of its assets remains in sectors such as fossil fuels.
Fund Family Franklin Templeton Investments
Category Target-Date 2035
Performance Rating Below Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol PRRWX
Index S&P 500 TR
PRRWX had a total return of 6.13% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.21%.
