C000170451 Fees and Costs — Putnam Dynamic Asset Allocation Equity Fund, Class P
Data updated: 2026-09-24
The net expense ratio is 0.60%: a 0.57% management fee plus 0.25% other expenses, less a 0.22% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $93K in broker commissions, 0.1027% of average net assets, and portfolio turnover was 55%.
C000170451 Fees and Expenses
Annual operating expenses and sales charges of C000170451. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.57% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.22% |
| Net expense ratio | 0.60% |
| 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 |
C000170451 Costs Over Time
On $10,000 invested in C000170451, assuming 5% a year before costs, total costs come to $442 over 5 years, cutting the return by 0.74% 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 0.60%) | $63 | $197 | $343 |
| Trading costs (broker commissions) | $11 | $34 | $59 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $242 | $442 |
| Value after costs | $10,426 | $11,334 | $12,321 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
C000170451 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): 0.1027%
- Total broker commissions: $93K
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 55%
- Securities lending: none during the year
C000170451 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $19K | 22.54% |
| Goldman Sachs & Co. LLC | $14K | 16.49% |
| J.P. Morgan Securities LLC | $13K | 15.14% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $11K | 13.02% |
| Sanford C. Bernstein & Co., LLC | $10K | 11.20% |
| RBC Capital Markets, LLC | $5K | 5.47% |
| TD SECURITIES (USA) LLC | $4K | 5.05% |
| Citigroup Global Markets Inc. | $3K | 3.85% |
| Instinet, LLC | $3K | 3.84% |
| Barclays Capital, Inc. | $3K | 3.42% |
C000170451 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of Montreal | $592K | 35.27% |
| BNP Paribas Securities Corp. | $491K | 29.27% |
| Nomura Securities International, Inc. | $397K | 23.65% |
| BofA Securities, Inc. | $198K | 11.77% |
| Goldman Sachs & Co. LLC | $597 | 0.04% |
| Instinet, LLC | $14 | 0.00% |
Putnam Dynamic Asset Allocation Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000170451 | Class P | 0.60% | none |
| C000073568 | Class A | 0.66% | 5.75% |
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.