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Morningstar

Putnam Sustainable Retirement 2045 A PRVLX

Morningstar Medalist Rating
Medalist Rating as of | See Putnam Investment Hub
  • NAV / 1-Day Return 17.80  /  0.06 %
  • Total Assets 136.5 Mil
  • Adj. Expense Ratio
    0.850%
  • Expense Ratio 0.850%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Target-Date 2045
  • Investment Style Large Growth
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 3.62%
  • Turnover 33%

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:19 PM GMT+0

Morningstar’s Analysis PRVLX

Will PRVLX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PRVLX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PRVLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of PRVLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Putnam Sustainable Retirement 2045 A to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PRVLX

More PRVLX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 0
  • Other Holdings 8
  • % Assets in Top 10 Holdings 99.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUTNAM SUSTAINABLE LEADERS ETF SEDOL BLB0YF8

38.23
53,072,939
—

Putnam Sustainable Future ETF

18.13
25,172,412
—

PUTNAM PANAGORA ESG INT EQ ETF SEDOL BP48DQ1

14.40
19,985,481
—

Putnam ESG Core Bond ETF

14.25
19,786,529
—

Putnam ESG Ultra Short ETF

5.94
8,248,704
—

Putnam ESG High Yield ETF

4.76
6,612,113
—

Putnam PanAgora ESG Emerg Mkts Eq ETF

3.76
5,213,845
—

Net Cash

0.54
744,194
Cash and Equivalents