C000071723 Fees and Costs — Putnam Dynamic Risk Allocation Fund, CL A
Data updated: 2023-08-14
The net expense ratio is 1.17%: a 0.70% management fee, a 0.25% 12b-1 fee plus 1.03% other expenses, less a 0.82% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2023 the fund paid $19K in broker commissions, 0.1803% of average net assets, and portfolio turnover was 366%.
C000071723 Fees and Expenses
Annual operating expenses and sales charges of C000071723. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.03% |
| Gross expense ratio | 1.99% |
| Fee waiver | −0.82% |
| Net expense ratio | 1.17% |
| 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 |
C000071723 Costs Over Time
On $10,000 invested in C000071723, assuming 5% a year before costs, total costs come to $1,524 over 5 years, cutting the return by 2.64% 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 1.17%) | $116 | $360 | $622 |
| Trading costs (broker commissions) | $18 | $55 | $96 |
| Lost growth on money paid in costs | $29 | $111 | $232 |
| Total costs | $835 | $1,102 | $1,524 |
| Value after costs | $9,665 | $10,475 | $11,238 |
| Impact on return, per year | 8.35% | 3.44% | 2.64% |
C000071723 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1803%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 366%
- Securities lending: none during the year
C000071723 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GSCO - GOLDMAN SACHS & CO LLC | $7K | 34.22% |
| MLCO - BofA Securities, Inc. | $4K | 19.56% |
| JPMS - J.P. MORGAN SECURITIES, LLC. | $4K | 18.94% |
| CITI - CITIBANK, N.A. | $2K | 11.98% |
| UBSW - UBS SECURITIES L.L.C. | $1K | 5.73% |
| CSFB - CREDIT SUISSE SECURITIES (USA), LLC | $1K | 5.41% |
| CITG - CITIGROUP GLOBAL MARKETS, INC./SALOMON BROTHERS | $587 | 3.06% |
| MSCO - MORGAN STANLEY & CO. LLC | $143 | 0.74% |
| BCAP - BARCLAYS CAPITAL, INC. | $41 | 0.21% |
| CSI - CREDIT SUISSE INTERNATIONAL | $29 | 0.15% |
C000071723 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|
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.