C000203066 Fees and Costs — Putnam Core Equity Fund, CL R6
Data updated: 2026-09-25
The net expense ratio is 0.60%: a 0.53% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $665K in broker commissions, 0.0114% of average net assets, and portfolio turnover was 13%.
C000203066 Fees and Expenses
Annual operating expenses and sales charges of C000203066. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| 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 |
C000203066 Costs Over Time
On $10,000 invested in C000203066, assuming 5% a year before costs, total costs come to $385 over 5 years, cutting the return by 0.64% 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 | $344 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $211 | $385 |
| Value after costs | $10,436 | $11,365 | $12,377 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
C000203066 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0114%
- Total broker commissions: $665K
- Bought from dealers (principal trades, not a cost): $158.4M
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $100.3M
- Net income from securities lending: $259K (0.004% of average net assets)
C000203066 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $113K | 21.76% |
| Mizuho Securities USA LLC | $72K | 13.74% |
| J.P. Morgan Securities LLC | $63K | 12.04% |
| RBC Capital Markets, LLC | $52K | 9.97% |
| Jefferies LLC | $51K | 9.79% |
| Stifel, Nicolaus & Company, Incorporated | $49K | 9.40% |
| Goldman Sachs & Co. LLC | $47K | 9.11% |
| Piper Sandler & Co. | $33K | 6.43% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $25K | 4.82% |
| Barclays Capital, Inc. | $15K | 2.95% |
C000203066 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $52.9M | 34.35% |
| J.P. Morgan Securities LLC | $25.2M | 16.39% |
| Morgan Stanley & Co. LLC | $23.6M | 15.31% |
| Citigroup Global Markets Inc. | $15.6M | 10.13% |
| UBS Securities LLC | $11.1M | 7.22% |
| Nomura Securities International, Inc. | $8.6M | 5.59% |
| Bank of Montreal | $5.5M | 3.58% |
| BNP Paribas Securities Corp. | $5.5M | 3.58% |
| BofA Securities, Inc. | $3.4M | 2.23% |
| Raymond James & Associates, Inc. | $2.5M | 1.62% |
Putnam Core 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 |
|---|---|---|---|
| C000203066 | CL R6 | 0.60% | none |
| C000091530 | CL Y | 0.67% | none |
| C000091525 | CL A | 0.92% | 5.75% |
| C000091529 | CL R | 1.17% | none |
| C000091527 | CL C | 1.67% | 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.