C000011181 Fees and Costs — Putnam Sustainable Retirement 2025 Fund, Class R
Data updated: 2025-06-24
The net expense ratio is 1.25% (1.74% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $49K in broker commissions, 0.0217% of average net assets, and portfolio turnover was 32%.
C000011181 Fees and Expenses
Annual operating expenses and sales charges of C000011181. Prospectus, as of November 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.74% |
| Fee waiver | −0.49% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000011181 Costs Over Time
On $10,000 invested in C000011181, assuming 5% a year before costs, total costs come to $791 over 5 years, cutting the return by 1.34% 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 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $436 | $791 |
| Value after costs | $10,366 | $11,140 | $11,972 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
C000011181 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0217%
- Total broker commissions: $49K
- Bought from dealers (principal trades, not a cost): $65.9M
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
C000011181 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JSTR - JANE STREET | $36K | 74.03% |
| CDEL - Citadel Securities Institutional LLC | $13K | 25.97% |
C000011181 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JSTR - JANE STREET | $35.0M | 53.07% |
| CDEL - Citadel Securities Institutional LLC | $30.9M | 46.93% |
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.