C000011164 Fees and Costs — Putnam Sustainable Retirement 2040 Fund, Class Y
Data updated: 2026-10-13
The net expense ratio is 0.66% (1.36% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $152K in broker commissions, 0.0373% of average net assets, and portfolio turnover was 17%.
C000011164 Fees and Expenses
Annual operating expenses and sales charges of C000011164. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.36% |
| Fee waiver | −0.70% |
| Net expense ratio | 0.66% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
C000011164 Costs Over Time
On $10,000 invested in C000011164, assuming 5% a year before costs, total costs come to $439 over 5 years, cutting the return by 0.73% 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 0.66%) | $69 | $217 | $377 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $240 | $439 |
| Value after costs | $10,427 | $11,336 | $12,324 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
C000011164 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): 0.0373%
- Total broker commissions: $152K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 17%
C000011164 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $45K | 29.54% |
| Goldman Sachs & Co. LLC | $40K | 26.19% |
| Mischler Financial Group, Inc. | $26K | 17.00% |
| Morgan Stanley & Co. LLC | $24K | 15.86% |
| Citadel Securities LLC | $11K | 7.46% |
| Flow Traders U.S. Institutional Trading LLC | $5K | 3.00% |
| Susquehanna Financial Group, LLLP | $1K | 0.83% |
| Old Mission Markets LLC | $207 | 0.14% |
Putnam Sustainable Retirement 2040 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000174677 | Class R6 | 0.56% | none |
| C000011164 | Class Y | 0.66% | none |
| C000222442 | Class R5 | 0.66% | none |
| C000222440 | Class R4 | 0.81% | none |
| C000011159 | Class A | 0.91% | 5.75% |
| C000222441 | Class R3 | 1.06% | none |
| C000011163 | Class R | 1.30% | none |
| C000011161 | Class C | 1.66% | 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.