C000207666 Fees and Costs — Putnam Ultra Short Duration Income Fund, Class N
Data updated: 2026-10-13
The net expense ratio is 0.57%: a 0.26% management fee, a 0.25% 12b-1 fee plus 0.11% other expenses, less a 0.05% fee waiver. This share class carries a maximum front-end sales load of 1.50% and a deferred sales charge of up to 0.25%.
C000207666 Fees and Expenses
Annual operating expenses and sales charges of C000207666. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.26% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.62% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.57% |
| Sales charges | |
|---|---|
| Max front load | 1.50% |
| Max deferred load | 0.25% |
| Redemption fee | — |
C000207666 Costs Over Time
On $10,000 invested in C000207666, assuming 5% a year before costs, total costs come to $546 over 5 years, cutting the return by 0.91% 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 | $176 | $150 | $150 |
| Fund expenses (net expense ratio 0.57%) | $59 | $185 | $322 |
| Lost growth on money paid in costs | $7 | $33 | $74 |
| Total costs | $242 | $368 | $546 |
| Value after costs | $10,258 | $11,209 | $12,217 |
| Impact on return, per year | 2.42% | 1.12% | 0.91% |
C000207666 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $107.4B
- Portfolio turnover (prospectus): —
C000207666 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $43.5B | 42.19% |
| J.P. Morgan Securities LLC | $20.1B | 19.46% |
| Wells Fargo Securities, LLC | $11.4B | 11.08% |
| Citigroup Global Markets Inc. | $10.2B | 9.86% |
| RBC Capital Markets, LLC | $5.9B | 5.77% |
| Mizuho Securities USA LLC | $5.6B | 5.43% |
| Truist Securities, Inc. | $2.5B | 2.44% |
| Goldman Sachs & Co. LLC | $1.6B | 1.51% |
| Barclays Capital, Inc. | $1.6B | 1.51% |
| TD SECURITIES (USA) LLC | $775.1M | 0.75% |
Putnam Ultra Short Duration Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000118012 | Class R6 | 0.29% | none |
| C000105380 | Class Y | 0.32% | none |
| C000105375 | Class A | 0.42% | none |
| C000207666 | Class N | 0.57% | 1.50% |
| C000105377 | Class C | 0.82% | none |
| C000105379 | Class R | 0.82% | 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.