C000152757 Fees and Costs — Putnam Mortgage Opportunities Fund, CL I
Data updated: 2026-09-24
The net expense ratio is 0.47%: a 0.55% management fee plus 0.09% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $29K in broker commissions, 0.0057% of average net assets, and portfolio turnover was 559%.
C000152757 Fees and Expenses
Annual operating expenses and sales charges of C000152757. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.64% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.47% |
| 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 |
C000152757 Costs Over Time
On $10,000 invested in C000152757, assuming 5% a year before costs, total costs come to $301 over 5 years, cutting the return by 0.50% 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 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $50 | $164 | $301 |
| Value after costs | $10,450 | $11,412 | $12,462 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
C000152757 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0057%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): $13.1B
- Portfolio turnover (prospectus): 559%
- Securities lending: none during the year
C000152757 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $25K | 87.42% |
| J.P. Morgan Securities LLC | $4K | 12.58% |
C000152757 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $7.5B | 57.59% |
| Citigroup Global Markets Inc. | $1.5B | 11.26% |
| Goldman Sachs & Co. LLC | $1.5B | 11.22% |
| Morgan Stanley & Co. LLC | $1.3B | 9.77% |
| Mizuho Securities USA LLC | $509.9M | 3.90% |
| BofA Securities, Inc. | $418.3M | 3.20% |
| Wells Fargo Securities, LLC | $292.8M | 2.24% |
| BMO Capital Markets Corp. | $68.1M | 0.52% |
| Nomura Securities International, Inc. | $19.1M | 0.15% |
| Barclays Capital, Inc. | $18.0M | 0.14% |
Putnam Mortgage Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000152757 | CL I | 0.47% | none |
| C000219743 | CL R6 | 0.50% | none |
| C000213253 | CL Y | 0.61% | none |
| C000213254 | CL A | 0.86% | 4.00% |
| C000213255 | CL C | 1.61% | 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.