C000118009 Fees and Costs — Putnam Dynamic Risk Allocation Fund, Class R6
Data updated: 2023-08-14
The net expense ratio is 0.76%: a 0.70% management fee plus 0.87% other expenses, less a 0.82% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $19K in broker commissions, 0.1803% of average net assets, and portfolio turnover was 366%.
C000118009 Fees and Expenses
Annual operating expenses and sales charges of C000118009. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.87% |
| Gross expense ratio | 1.58% |
| Fee waiver | −0.82% |
| Net expense ratio | 0.76% |
| 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 |
C000118009 Costs Over Time
On $10,000 invested in C000118009, assuming 5% a year before costs, total costs come to $589 over 5 years, cutting the return by 0.99% 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 0.76%) | $80 | $249 | $432 |
| Trading costs (broker commissions) | $19 | $59 | $103 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $323 | $589 |
| Value after costs | $10,401 | $11,253 | $12,174 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
C000118009 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
C000118009 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% |
C000118009 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.