C000011145 Fees and Costs — Putnam Sustainable Retirement 2050 Fund, Class R
Data updated: 2026-10-13
The net expense ratio is 1.35% (2.02% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $112K in broker commissions, 0.0421% of average net assets, and portfolio turnover was 18%.
C000011145 Fees and Expenses
Annual operating expenses and sales charges of C000011145. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.34% |
| Gross expense ratio | 2.02% |
| Fee waiver | −0.67% |
| Net expense ratio | 1.35% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
C000011145 Costs Over Time
On $10,000 invested in C000011145, assuming 5% a year before costs, total costs come to $864 over 5 years, cutting the return by 1.46% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.35%) | $142 | $440 | $761 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $146 | $477 | $864 |
| Value after costs | $10,354 | $11,099 | $11,899 |
| Impact on return, per year | 1.46% | 1.46% | 1.46% |
C000011145 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0421%
- Total broker commissions: $112K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 18%
C000011145 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $34K | 30.66% |
| Goldman Sachs & Co. LLC | $30K | 26.63% |
| Mischler Financial Group, Inc. | $19K | 17.38% |
| Citadel Securities LLC | $12K | 10.38% |
| Morgan Stanley & Co. LLC | $10K | 9.23% |
| Flow Traders U.S. Institutional Trading LLC | $5K | 4.09% |
| Susquehanna Financial Group, LLLP | $1K | 0.98% |
| Old Mission Markets LLC | $627 | 0.56% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $80 | 0.07% |
Putnam Sustainable Retirement 2050 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000174674 | Class R6 | 0.59% | none |
| C000011146 | Class Y | 0.69% | none |
| C000222432 | Class R5 | 0.70% | none |
| C000222431 | Class R4 | 0.84% | none |
| C000011141 | Class A | 0.94% | 5.75% |
| C000222433 | Class R3 | 1.09% | none |
| C000011145 | Class R | 1.35% | none |
| C000011143 | Class C | 1.69% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.