C000093619 Fees and Costs — Putnam Sustainable Retirement 2055 Fund, Class B
Data updated: 2026-10-13
The net expense ratio is 1.60% (2.47% before fee waivers). This share class carries a deferred sales charge of up to 5.00%. In fiscal 2026 the fund paid $73K in broker commissions, 0.0427% of average net assets, and portfolio turnover was 18%.
C000093619 Fees and Expenses
Annual operating expenses and sales charges of C000093619. Prospectus, as of November 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 2.47% |
| Fee waiver | −0.87% |
| Net expense ratio | 1.60% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 5.00% |
| Redemption fee | — |
C000093619 Costs Over Time
On $10,000 invested in C000093619, assuming 5% a year before costs, total costs come to $1,014 over 5 years, cutting the return by 1.72% 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 | $516 | $0 | $0 |
| Fund expenses (net expense ratio 1.60%) | $168 | $521 | $897 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $27 | $94 |
| Total costs | $689 | $561 | $1,014 |
| Value after costs | $9,811 | $11,015 | $11,748 |
| Impact on return, per year | 6.89% | 1.72% | 1.72% |
C000093619 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%
C000093619 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 |
| C000093619 | Class B | 1.60% | 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.