C000222434 Fees and Costs — Putnam Sustainable Retirement Maturity Fund, Class R3
Data updated: 2026-10-13
The net expense ratio is 1.07% (1.63% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $175K in broker commissions, 0.0274% of average net assets, and portfolio turnover was 10%.
C000222434 Fees and Expenses
Annual operating expenses and sales charges of C000222434. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.46% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.63% |
| Fee waiver | −0.56% |
| Net expense ratio | 1.07% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
C000222434 Costs Over Time
On $10,000 invested in C000222434, assuming 5% a year before costs, total costs come to $685 over 5 years, cutting the return by 1.15% 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 1.07%) | $112 | $350 | $607 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $377 | $685 |
| Value after costs | $10,385 | $11,199 | $12,078 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
C000222434 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): 0.0274%
- Total broker commissions: $175K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 10%
C000222434 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $70K | 40.31% |
| Goldman Sachs & Co. LLC | $45K | 25.92% |
| Jane Street Execution Services, LLC | $33K | 19.16% |
| Mischler Financial Group, Inc. | $15K | 8.79% |
| Citadel Securities LLC | $8K | 4.37% |
| Flow Traders U.S. Institutional Trading LLC | $2K | 0.92% |
| Old Mission Markets LLC | $540 | 0.31% |
| Susquehanna Financial Group, LLLP | $385 | 0.22% |
Putnam Sustainable Retirement Maturity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000174675 | Class R6 | 0.58% | none |
| C000011152 | Class Y | 0.68% | none |
| C000222436 | Class R5 | 0.68% | none |
| C000222435 | Class R4 | 0.82% | none |
| C000011147 | Class A | 0.93% | 4.00% |
| C000222434 | Class R3 | 1.07% | none |
| C000011151 | Class R | 1.33% | none |
| C000011149 | Class 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.