# EDGAR Filing Document

**Accession Number:** 0001295293
**File Stem:** 0000928816-23-000199
**Filing Date:** 2023-2
**Character Count:** 11638
**Document Hash:** 2601663a487700b330f5629137709804
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000928816-23-000199.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0000928816-23-000199

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Putnam Target Date Funds
- **CENTRAL INDEX KEY:** 0001295293
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-117134
- **FILM NUMBER:** 23615279

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Putnam RetirementReady Funds
- **DATE OF NAME CHANGE:** 20040624

## Series and Classes Contracts Data

### Putnam Sustainable Retirement 2050 Fund (Series ID: S000003995)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Class A Shares  | C000011141 |
| Class B Shares  | C000011142 |
| Class C Shares  | C000011143 |
| Class R Shares  | C000011145 |
| Class Y Shares  | C000011146 |
| Class R6 Shares | C000174674 |
| Class R4 Shares | C000222431 |
| Class R5 Shares | C000222432 |
| Class R3 Shares | C000222433 |

---

### Putnam Sustainable Retirement Maturity Fund (Series ID: S000003996)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Class A Shares  | C000011147 |
| Class B Shares  | C000011148 |
| Class C Shares  | C000011149 |
| Class R Shares  | C000011151 |
| Class Y Shares  | C000011152 |
| Class R6 Shares | C000174675 |
| Class R3 Shares | C000222434 |
| Class R4 Shares | C000222435 |
| Class R5 Shares | C000222436 |

---

### Putnam Sustainable Retirement 2045 Fund (Series ID: S000003997)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Class A Shares  | C000011153 |
| Class B Shares  | C000011154 |
| Class C Shares  | C000011155 |
| Class R Shares  | C000011157 |
| Class Y Shares  | C000011158 |
| Class R6 Shares | C000174676 |
| Class R4 Shares | C000222437 |
| Class R3 Shares | C000222438 |
| Class R5 Shares | C000222439 |

---

### Putnam Sustainable Retirement 2040 Fund (Series ID: S000003998)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Class A Shares  | C000011159 |
| Class B Shares  | C000011160 |
| Class C Shares  | C000011161 |
| Class R Shares  | C000011163 |
| Class Y Shares  | C000011164 |
| Class R6 Shares | C000174677 |
| Class R4 Shares | C000222440 |
| Class R3 Shares | C000222441 |
| Class R5 Shares | C000222442 |

---

### Putnam Sustainable Retirement 2035 Fund (Series ID: S000003999)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Class A Shares  | C000011165 |
| Class B Shares  | C000011166 |
| Class C Shares  | C000011167 |
| Class R Shares  | C000011169 |
| Class Y Shares  | C000011170 |
| Class R6 Shares | C000174678 |
| Class R4 Shares | C000222443 |
| Class R5 Shares | C000222444 |
| Class R3 Shares | C000222445 |

---

### Putnam Sustainable Retirement 2030 Fund (Series ID: S000004000)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Class A Shares  | C000011171 |
| Class B Shares  | C000011172 |
| Class C Shares  | C000011173 |
| Class R Shares  | C000011175 |
| Class Y Shares  | C000011176 |
| Class R6 Shares | C000174679 |
| Class R3 Shares | C000222446 |
| Class R4 Shares | C000222447 |
| Class R5 Shares | C000222448 |

---

### Putnam Sustainable Retirement 2025 Fund (Series ID: S000004001)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Class A Shares  | C000011177 |
| Class B Shares  | C000011178 |
| Class C Shares  | C000011179 |
| Class R Shares  | C000011181 |
| Class Y Shares  | C000011182 |
| Class R6 Shares | C000174680 |
| Class R3 Shares | C000222449 |
| Class R4 Shares | C000222450 |
| Class R5 Shares | C000222451 |

---

### Putnam Sustainable Retirement 2055 Fund (Series ID: S000030470)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Class A         | C000093618 |
| Class B         | C000093619 |
| Class C         | C000093620 |
| Class R         | C000093622 |
| Class Y         | C000093623 |
| Class R6 Shares | C000174682 |
| Class R5 Shares | C000222455 |
| Class R4 Shares | C000222456 |
| Class R3 Shares | C000222457 |

---

### Putnam Sustainable Retirement 2060 Fund (Series ID: S000051718)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Class A Shares  | C000162753 |
| Class B Shares  | C000162754 |
| Class C Shares  | C000162755 |
| Class R Shares  | C000162757 |
| Class Y Shares  | C000162758 |
| Class R6 Shares | C000174683 |
| Class R5 Shares | C000222458 |
| Class R4 Shares | C000222459 |
| Class R3 Shares | C000222460 |

---

### Putnam Sustainable Retirement 2065 Fund (Series ID: S000070577)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Class Y    | C000224205 |
| Class R6   | C000224206 |
| Class R5   | C000224207 |
| Class R4   | C000224208 |
| Class A    | C000224209 |
| Class R    | C000224210 |
| Class C    | C000224211 |
| Class R3   | C000224213 |

---

## Series and Classes Contracts Data

### Putnam Sustainable Retirement 2050 Fund (Series ID: S000003995)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000011141 | Class A Shares  |  |
| C000011142 | Class B Shares  |  |
| C000011143 | Class C Shares  |  |
| C000011145 | Class R Shares  |  |
| C000011146 | Class Y Shares  |  |
| C000174674 | Class R6 Shares |  |
| C000222431 | Class R4 Shares |  |
| C000222432 | Class R5 Shares |  |
| C000222433 | Class R3 Shares |  |

### Putnam Sustainable Retirement Maturity Fund (Series ID: S000003996)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000011147 | Class A Shares  |  |
| C000011148 | Class B Shares  |  |
| C000011149 | Class C Shares  |  |
| C000011151 | Class R Shares  |  |
| C000011152 | Class Y Shares  |  |
| C000174675 | Class R6 Shares |  |
| C000222434 | Class R3 Shares |  |
| C000222435 | Class R4 Shares |  |
| C000222436 | Class R5 Shares |  |

### Putnam Sustainable Retirement 2045 Fund (Series ID: S000003997)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000011153 | Class A Shares  |  |
| C000011154 | Class B Shares  |  |
| C000011155 | Class C Shares  |  |
| C000011157 | Class R Shares  |  |
| C000011158 | Class Y Shares  |  |
| C000174676 | Class R6 Shares |  |
| C000222437 | Class R4 Shares |  |
| C000222438 | Class R3 Shares |  |
| C000222439 | Class R5 Shares |  |

### Putnam Sustainable Retirement 2040 Fund (Series ID: S000003998)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000011159 | Class A Shares  |  |
| C000011160 | Class B Shares  |  |
| C000011161 | Class C Shares  |  |
| C000011163 | Class R Shares  |  |
| C000011164 | Class Y Shares  |  |
| C000174677 | Class R6 Shares |  |
| C000222440 | Class R4 Shares |  |
| C000222441 | Class R3 Shares |  |
| C000222442 | Class R5 Shares |  |

### Putnam Sustainable Retirement 2035 Fund (Series ID: S000003999)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000011165 | Class A Shares  |  |
| C000011166 | Class B Shares  |  |
| C000011167 | Class C Shares  |  |
| C000011169 | Class R Shares  |  |
| C000011170 | Class Y Shares  |  |
| C000174678 | Class R6 Shares |  |
| C000222443 | Class R4 Shares |  |
| C000222444 | Class R5 Shares |  |
| C000222445 | Class R3 Shares |  |

### Putnam Sustainable Retirement 2030 Fund (Series ID: S000004000)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000011171 | Class A Shares  |  |
| C000011172 | Class B Shares  |  |
| C000011173 | Class C Shares  |  |
| C000011175 | Class R Shares  |  |
| C000011176 | Class Y Shares  |  |
| C000174679 | Class R6 Shares |  |
| C000222446 | Class R3 Shares |  |
| C000222447 | Class R4 Shares |  |
| C000222448 | Class R5 Shares |  |

### Putnam Sustainable Retirement 2025 Fund (Series ID: S000004001)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000011177 | Class A Shares  |  |
| C000011178 | Class B Shares  |  |
| C000011179 | Class C Shares  |  |
| C000011181 | Class R Shares  |  |
| C000011182 | Class Y Shares  |  |
| C000174680 | Class R6 Shares |  |
| C000222449 | Class R3 Shares |  |
| C000222450 | Class R4 Shares |  |
| C000222451 | Class R5 Shares |  |

### Putnam Sustainable Retirement 2055 Fund (Series ID: S000030470)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000093618 | Class A         |  |
| C000093619 | Class B         |  |
| C000093620 | Class C         |  |
| C000093622 | Class R         |  |
| C000093623 | Class Y         |  |
| C000174682 | Class R6 Shares |  |
| C000222455 | Class R5 Shares |  |
| C000222456 | Class R4 Shares |  |
| C000222457 | Class R3 Shares |  |

### Putnam Sustainable Retirement 2060 Fund (Series ID: S000051718)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000162753 | Class A Shares  |  |
| C000162754 | Class B Shares  |  |
| C000162755 | Class C Shares  |  |
| C000162757 | Class R Shares  |  |
| C000162758 | Class Y Shares  |  |
| C000174683 | Class R6 Shares |  |
| C000222458 | Class R5 Shares |  |
| C000222459 | Class R4 Shares |  |
| C000222460 | Class R3 Shares |  |

### Putnam Sustainable Retirement 2065 Fund (Series ID: S000070577)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000224205 | Class Y      |  |
| C000224206 | Class R6     |  |
| C000224207 | Class R5     |  |
| C000224208 | Class R4     |  |
| C000224209 | Class A      |  |
| C000224210 | Class R      |  |
| C000224211 | Class C      |  |
| C000224213 | Class R3     |  |

---

| | |
|:---|:---|
| **Prospectus Supplement** | *February 13, 2023* |

---

**Putnam Sustainable Retirement Funds**

Prospectus dated February 10, 2023

Effective immediately, the chart heading for the glide path in the section *What are the funds' and each underlying fund's main investment strategies and related risks?* is deleted in its entirety and replaced with the following:

**<u>Putnam Sustainable Retirement Funds Glide Path</u>**

Additionally, effective immediately, the first paragraph in the section *Financial highlights* is deleted in its entirety and replaced with the following:

The financial highlights tables are intended to help you understand each fund's recent financial performance. Certain information reflects financial results for a single fund share. The total returns represent the rate that an investor would have earned or lost on an investment in the fund, assuming reinvestment of all dividends and distributions. Before February 10, 2023, each fund was managed with a materially different investment strategy and may have achieved materially different results under its current investment strategy from that shown for periods before this date. The financial highlights have been audited by PricewaterhouseCoopers LLP. The Independent Registered Public Accounting Firm's report and each fund's financial statements are included in each fund's annual report to shareholders, which is available upon request.

Furthermore, effective immediately, all references to "RetirementReady" in each fund's name in the section *Financial highlights* are replaced with "Sustainable Retirement".

__________________________________

*Shareholders should retain this Supplement for future reference.*

 

332907 2023/02