C000262088 Fees and Costs — Putnam Sustainable Retirement 2070 Fund
Data updated: 2026-10-13
The net expense ratio is 1.25% (16.73% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $800 in broker commissions, 0.0734% of average net assets.
C000262088 Fees and Expenses
Annual operating expenses and sales charges of C000262088. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.50% |
| Other expenses | 15.11% |
| Gross expense ratio | 16.73% |
| Fee waiver | −15.48% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
C000262088 Costs Over Time
On $10,000 invested in C000262088, assuming 5% a year before costs, total costs come to $822 over 5 years, cutting the return by 1.39% 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 1.25%) | $131 | $408 | $705 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $21 | $76 |
| Total costs | $139 | $454 | $822 |
| Value after costs | $10,361 | $11,123 | $11,940 |
| Impact on return, per year | 1.39% | 1.39% | 1.39% |
C000262088 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): 0.0734%
- Total broker commissions: $800
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
C000262088 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $484 | 60.51% |
| Goldman Sachs & Co. LLC | $123 | 15.43% |
| Mischler Financial Group, Inc. | $83 | 10.37% |
| Citadel Securities LLC | $60 | 7.47% |
| Morgan Stanley & Co. LLC | $29 | 3.59% |
| Flow Traders U.S. Institutional Trading LLC | $12 | 1.46% |
| Old Mission Markets LLC | $8 | 0.96% |
| Susquehanna Financial Group, LLLP | $2 | 0.21% |
Putnam Sustainable Retirement 2070 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000262091 | C000262091 | 0.50% | none |
| C000262092 | C000262092 | 0.60% | none |
| C000262093 | C000262093 | 0.60% | none |
| C000262090 | C000262090 | 0.75% | none |
| C000262086 | C000262086 | 0.85% | 5.75% |
| C000262089 | C000262089 | 1.00% | none |
| C000262088 | C000262088 | 1.25% | none |
| C000262087 | C000262087 | 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.