C000093618 Fees and Costs — Putnam Sustainable Retirement 2055 Fund, Class A
Data updated: 2026-10-13
The net expense ratio is 0.85% (1.55% 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%. In fiscal 2026 the fund paid $73K in broker commissions, 0.0427% of average net assets, and portfolio turnover was 18%.
C000093618 Fees and Expenses
Annual operating expenses and sales charges of C000093618. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.55% |
| Fee waiver | −0.70% |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
C000093618 Costs Over Time
On $10,000 invested in C000093618, assuming 5% a year before costs, total costs come to $1,261 over 5 years, cutting the return by 2.16% 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 0.85%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $29 | $104 | $207 |
| Total costs | $790 | $955 | $1,261 |
| Value after costs | $9,710 | $10,621 | $11,502 |
| Impact on return, per year | 7.90% | 2.97% | 2.16% |
C000093618 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0427%
- Total broker commissions: $73K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 18%
C000093618 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $23K | 31.96% |
| Goldman Sachs & Co. LLC | $19K | 26.31% |
| Mischler Financial Group, Inc. | $13K | 18.15% |
| Citadel Securities LLC | $8K | 11.11% |
| Morgan Stanley & Co. LLC | $6K | 8.18% |
| Flow Traders U.S. Institutional Trading LLC | $2K | 2.93% |
| Susquehanna Financial Group, LLLP | $517 | 0.71% |
| Old Mission Markets LLC | $482 | 0.66% |
Putnam Sustainable Retirement 2055 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000174682 | Class R6 | 0.50% | none |
| C000093623 | Class Y | 0.60% | none |
| C000222455 | Class R5 | 0.60% | none |
| C000222456 | Class R4 | 0.75% | none |
| C000093618 | Class A | 0.85% | 5.75% |
| C000222457 | Class R3 | 1.00% | none |
| C000093622 | Class R | 1.25% | none |
| C000093620 | Class C | 1.60% | 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.