C000222460 Fees and Costs — Putnam Sustainable Retirement 2060 Fund, Class R3
Data updated: 2026-10-13
The net expense ratio is 1.00% (1.84% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $36K in broker commissions, 0.0453% of average net assets, and portfolio turnover was 20%.
C000222460 Fees and Expenses
Annual operating expenses and sales charges of C000222460. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.84% |
| Fee waiver | −0.84% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
C000222460 Costs Over Time
On $10,000 invested in C000222460, assuming 5% a year before costs, total costs come to $653 over 5 years, cutting the return by 1.10% 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 1.00%) | $105 | $327 | $568 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $359 | $653 |
| Value after costs | $10,390 | $11,217 | $12,110 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
C000222460 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%
C000222460 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 |
| 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.