C000071530 Fees and Costs — Putnam Focused Equity Fund, Class B
Data updated: 2026-07-27
The net expense ratio is 1.90%: a 0.62% management fee, a 1.00% 12b-1 fee plus 0.28% other expenses. This share class carries a deferred sales charge of up to 5.00%. In fiscal 2025 the fund paid $255K in broker commissions, 0.0378% of average net assets, and portfolio turnover was 31%.
C000071530 Fees and Expenses
Annual operating expenses and sales charges of C000071530. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.28% |
| Gross expense ratio | 1.90% |
| Fee waiver | — |
| Net expense ratio | 1.90% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 5.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000071530 Costs Over Time
On $10,000 invested in C000071530, assuming 5% a year before costs, total costs come to $1,190 over 5 years, cutting the return by 2.03% 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 | $515 | $0 | $0 |
| Fund expenses (net expense ratio 1.90%) | $200 | $616 | $1,058 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $31 | $110 |
| Total costs | $718 | $660 | $1,190 |
| Value after costs | $9,782 | $10,916 | $11,573 |
| Impact on return, per year | 7.18% | 2.03% | 2.03% |
C000071530 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0378%
- Total broker commissions: $255K
- Bought from dealers (principal trades, not a cost): $20.4M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $9.4M
- Net income from securities lending: $18K (0.003% of average net assets)
C000071530 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $49K | 21.44% |
| RBC Capital Markets, LLC | $40K | 17.54% |
| UBS Securities LLC | $40K | 17.47% |
| Goldman Sachs & Co. LLC | $35K | 15.26% |
| BofA Securities, Inc. | $19K | 8.17% |
| J.P. Morgan Securities LLC | $14K | 5.98% |
| Mizuho Securities USA LLC | $10K | 4.33% |
| Barclays Capital, Inc. | $9K | 4.00% |
| BMO Capital Markets Corp. | $8K | 3.42% |
| Cowen and Company | $5K | 2.40% |
C000071530 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets Corp. | $8.5M | 41.61% |
| Morgan Stanley & Co. LLC | $4.1M | 20.29% |
| J.P. Morgan Securities LLC | $2.1M | 10.17% |
| Citigroup Global Markets Inc. | $2.0M | 10.00% |
| BofA Securities, Inc. | $1.6M | 7.84% |
| Citadel Securities LLC | $981K | 4.80% |
| BNP Paribas Securities Corp. | $394K | 1.93% |
| Wells Fargo Securities, LLC | $294K | 1.44% |
| Nomura Securities International, Inc. | $197K | 0.97% |
| Barclays Capital, Inc. | $196K | 0.96% |
Putnam Focused Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000203064 | Class R6 | 0.71% | none |
| C000071534 | Class Y | 0.83% | none |
| C000071529 | Class A | 1.08% | 5.75% |
| C000071533 | Class R | 1.33% | none |
| C000071531 | Class C | 1.83% | none |
| C000071530 | Class B | 1.90% | 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.