C000011187 Fees and Costs — Putnam Retirement Ready 2020 Fund, Class R
Data updated: 2021-10-06
The net expense ratio is 1.18% (1.26% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 35%.
C000011187 Fees and Expenses
Annual operating expenses and sales charges of C000011187. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.26% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.18% |
| 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 |
C000011187 Costs Over Time
On $10,000 invested in C000011187, assuming 5% a year before costs, total costs come to $735 over 5 years, cutting the return by 1.24% 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 1.18%) | $124 | $386 | $668 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $124 | $405 | $735 |
| Value after costs | $10,376 | $11,171 | $12,027 |
| Impact on return, per year | 1.24% | 1.24% | 1.24% |
C000011187 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.