C000162754 Fees and Costs — Putnam Sustainable Retirement 2060 Fund, Class B
Data updated: 2026-10-13
The net expense ratio is 1.60% (3.00% before fee waivers). This share class carries a deferred sales charge of up to 5.00%. In fiscal 2026 the fund paid $36K in broker commissions, 0.0453% of average net assets, and portfolio turnover was 20%.
C000162754 Fees and Expenses
Annual operating expenses and sales charges of C000162754. Prospectus, as of November 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.54% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.89% |
| Gross expense ratio | 3.00% |
| Fee waiver | −1.40% |
| Net expense ratio | 1.60% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 5.00% |
| Redemption fee | — |
C000162754 Costs Over Time
On $10,000 invested in C000162754, assuming 5% a year before costs, total costs come to $1,016 over 5 years, cutting the return by 1.73% 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) | $5 | $15 | $25 |
| Lost growth on money paid in costs | $0 | $27 | $94 |
| Total costs | $689 | $562 | $1,016 |
| Value after costs | $9,811 | $11,014 | $11,747 |
| Impact on return, per year | 6.89% | 1.73% | 1.73% |
C000162754 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): 0.0453%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 20%
C000162754 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $11K | 31.46% |
| Goldman Sachs & Co. LLC | $9K | 25.19% |
| Mischler Financial Group, Inc. | $7K | 18.75% |
| Citadel Securities LLC | $5K | 12.97% |
| Morgan Stanley & Co. LLC | $2K | 6.74% |
| Flow Traders U.S. Institutional Trading LLC | $1K | 3.59% |
| Old Mission Markets LLC | $272 | 0.76% |
| Susquehanna Financial Group, LLLP | $121 | 0.34% |
| Virtu Americas LLC | $48 | 0.13% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $24 | 0.07% |
Putnam Sustainable Retirement 2060 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000174683 | Class R6 | 0.50% | none |
| C000162758 | Class Y | 0.60% | none |
| C000222458 | Class R5 | 0.60% | none |
| C000222459 | Class R4 | 0.75% | none |
| C000162753 | Class A | 0.85% | 5.75% |
| C000222460 | Class R3 | 1.00% | none |
| C000162757 | Class R | 1.25% | none |
| C000162754 | Class B | 1.60% | none |
| C000162755 | 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.