C000076550 Fees and Costs — Putnam Equity Spectrum Fund, Class R
Data updated: 2021-07-01
The net expense ratio is 0.66%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $109K in broker commissions, 0.0485% of average net assets, and portfolio turnover was 34%.
C000076550 Fees and Expenses
Annual operating expenses and sales charges of C000076550. Prospectus, as of August 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| 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 |
C000076550 Costs Over Time
On $10,000 invested in C000076550, assuming 5% a year before costs, total costs come to $446 over 5 years, cutting the return by 0.74% 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 0.66%) | $69 | $217 | $377 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $74 | $244 | $446 |
| Value after costs | $10,426 | $11,332 | $12,317 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
C000076550 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0485%
- Total broker commissions: $109K
- Bought from dealers (principal trades, not a cost): $508.4M
- Portfolio turnover (prospectus): 34%
- Securities on loan, average value: $571K
- Net income from securities lending: $402 (0.000% of average net assets)
C000076550 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFF - JEFFERIES LLC | $21K | 22.92% |
| CSFB - CREDIT SUISSE SECURITIES (USA), LLC | $10K | 11.00% |
| JONE - JONESTRADING | $10K | 10.77% |
| JPMS - J.P. MORGAN SECURITIES, LLC. | $8K | 8.96% |
| MLCO - BofA Securities, Inc. | $8K | 8.61% |
| MSCO - MORGAN STANLEY & CO. LLC | $8K | 8.24% |
| UBSW - UBS SECURITIES L.L.C. | $7K | 8.12% |
| RAJA - RAYMOND JAMES & ASSOCIATES, INC. | $7K | 7.68% |
| RBCD - RBC CAPITAL MARKETS LLC | $7K | 7.63% |
| ITGI - INVESTMENT TECHNOLOGY, INC. | $6K | 6.05% |
C000076550 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CGMI - CITIGROUP GLOBAL MARKETS INC. | $420.2M | 82.65% |
| HSBCP - HSBC BANK PLC | $74.8M | 14.72% |
| GSCO - GOLDMAN SACHS & CO LLC | $8.4M | 1.66% |
| MLCO - BofA Securities, Inc. | $4.7M | 0.92% |
| NMRA - NOMURA SECURITIES INTERNATIONAL, INC. | $260K | 0.05% |
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.