Fund info

Putnam Retirement Advantage 2045 Fund Class A is a target-date mutual fund designed primarily for individuals planning to retire around the year 2045. The fund's core objective is to provide both capital appreciation and current income by dynamically adjusting its asset allocation strategy as the target retirement date approaches. Initially, the fund focuses on growth by investing heavily in equities, and over time, it gradually shifts toward a more conservative mix with an increased proportion of fixed income and income-generating assets. This glide path approach aims to balance long-term growth potential with risk reduction closer to retirement. The fund invests through a diversified portfolio of underlying Putnam mutual funds, giving exposure to various asset classes and sectors. This structure enables broad diversification and risk management throughout different market environments. Putnam Retirement Advantage 2045 Fund Class A is commonly used as a core holding in employer-sponsored retirement plans or IRAs, serving individuals seeking a professionally managed solution that automatically adapts to their changing investment needs over a multi-decade horizon. The fund is backed by Franklin Templeton Investments and emphasizes long-term planning for future retirees.