C000011183 Fees and Costs — Putnam Retirement Ready 2020 Fund, Class A
Data updated: 2021-10-06
The net expense ratio is 0.93% (1.01% 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%. Portfolio turnover was 35%.
C000011183 Fees and Expenses
Annual operating expenses and sales charges of C000011183. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000011183 Costs Over Time
On $10,000 invested in C000011183, assuming 5% a year before costs, total costs come to $1,283 over 5 years, cutting the return by 2.20% 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 0.93%) | $92 | $287 | $499 |
| Lost growth on money paid in costs | $29 | $105 | $209 |
| Total costs | $794 | $967 | $1,283 |
| Value after costs | $9,706 | $10,609 | $11,480 |
| Impact on return, per year | 7.94% | 3.01% | 2.20% |
C000011183 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.