C000011169 Fees and Costs — Putnam Sustainable Retirement 2035 Fund, Class R
Data updated: 2026-10-13
The net expense ratio is 1.30% (1.99% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $165K in broker commissions, 0.0416% of average net assets, and portfolio turnover was 22%.
C000011169 Fees and Expenses
Annual operating expenses and sales charges of C000011169. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.99% |
| Fee waiver | −0.69% |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
C000011169 Costs Over Time
On $10,000 invested in C000011169, assuming 5% a year before costs, total costs come to $833 over 5 years, cutting the return by 1.41% 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 1.30%) | $136 | $424 | $733 |
| Trading costs (broker commissions) | $4 | $14 | $23 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $460 | $833 |
| Value after costs | $10,359 | $11,117 | $11,929 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
C000011169 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%
C000011169 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.