C000011165 Fees and Costs — Putnam Sustainable Retirement 2035 Fund, Class A
Data updated: 2026-10-13
The net expense ratio is 0.90% (1.59% before fee waivers). This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $165K in broker commissions, 0.0416% of average net assets, and portfolio turnover was 22%.
C000011165 Fees and Expenses
Annual operating expenses and sales charges of C000011165. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.59% |
| Fee waiver | −0.69% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
C000011165 Costs Over Time
On $10,000 invested in C000011165, assuming 5% a year before costs, total costs come to $1,290 over 5 years, cutting the return by 2.21% 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 |
| Sales charges | $673 | $575 | $575 |
| Fund expenses (net expense ratio 0.90%) | $89 | $278 | $483 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $29 | $105 | $210 |
| Total costs | $795 | $971 | $1,290 |
| Value after costs | $9,705 | $10,605 | $11,473 |
| Impact on return, per year | 7.95% | 3.02% | 2.21% |
C000011165 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): 0.0416%
- Total broker commissions: $165K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 22%
C000011165 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $44K | 26.54% |
| Goldman Sachs & Co. LLC | $34K | 20.49% |
| Morgan Stanley & Co. LLC | $31K | 18.90% |
| Mischler Financial Group, Inc. | $26K | 15.97% |
| Citadel Securities LLC | $21K | 12.87% |
| Flow Traders U.S. Institutional Trading LLC | $7K | 3.95% |
| Old Mission Markets LLC | $1K | 0.73% |
| Susquehanna Financial Group, LLLP | $901 | 0.55% |
Putnam Sustainable Retirement 2035 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000174678 | Class R6 | 0.55% | none |
| C000011170 | Class Y | 0.65% | none |
| C000222444 | Class R5 | 0.65% | none |
| C000222443 | Class R4 | 0.80% | none |
| C000011165 | Class A | 0.90% | 5.75% |
| C000222445 | Class R3 | 1.05% | none |
| C000011169 | Class R | 1.30% | none |
| C000011167 | Class C | 1.65% | 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.