PAEBX Fees and Costs — Putnam Dynamic Asset Allocation Growth Fund, CL B
Data updated: 2026-08-27
The net expense ratio is 1.80%: a 0.59% management fee, a 1.00% 12b-1 fee plus 0.21% other expenses. This share class carries a deferred sales charge of up to 5.00%. In fiscal 2025 the fund paid $2.2M in broker commissions, 0.0796% of average net assets, and portfolio turnover was 100%.
PAEBX Fees and Expenses
Annual operating expenses and sales charges of PAEBX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.80% |
| Fee waiver | — |
| Net expense ratio | 1.80% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 5.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PAEBX Costs Over Time
On $10,000 invested in PAEBX, assuming 5% a year before costs, total costs come to $1,155 over 5 years, cutting the return by 1.97% 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 | $515 | $0 | $0 |
| Fund expenses (net expense ratio 1.80%) | $189 | $584 | $1,004 |
| Trading costs (broker commissions) | $8 | $26 | $44 |
| Lost growth on money paid in costs | $0 | $30 | $107 |
| Total costs | $712 | $641 | $1,155 |
| Value after costs | $9,788 | $10,936 | $11,608 |
| Impact on return, per year | 7.12% | 1.97% | 1.97% |
PAEBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0796%
- Total broker commissions: $2.2M
- Bought from dealers (principal trades, not a cost): $18.8B
- Portfolio turnover (prospectus): 100%
- Securities lending: none during the year
PAEBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $454K | 22.96% |
| BofA Securities, Inc. | $412K | 20.82% |
| J.P. Morgan Securities LLC | $310K | 15.69% |
| Citigroup Global Markets Inc. | $289K | 14.61% |
| UBS Securities LLC | $241K | 12.17% |
| Morgan Stanley & Co. LLC | $86K | 4.33% |
| Barclays Capital, Inc. | $85K | 4.31% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $40K | 2.04% |
| Piper Sandler & Co. | $34K | 1.70% |
| Raymond James & Associates, Inc. | $27K | 1.36% |
PAEBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4.1B | 22.42% |
| Goldman Sachs & Co. LLC | $2.4B | 13.22% |
| Bank of Montreal | $2.4B | 12.83% |
| Citigroup Global Markets Inc. | $2.3B | 12.43% |
| Morgan Stanley & Co. LLC | $1.7B | 9.42% |
| Wells Fargo Securities, LLC | $1.4B | 7.74% |
| HSBC Securities (USA) Inc. | $1.4B | 7.48% |
| BofA Securities, Inc. | $1.2B | 6.53% |
| Mizuho Securities USA LLC | $982.7M | 5.35% |
| Barclays Capital, Inc. | $474.6M | 2.58% |
Putnam Dynamic Asset Allocation Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000174663 | CL P | 0.63% | none |
| C000117950 | CL R6 | 0.67% | none |
| PAGYX | CL Y | 0.73% | none |
| C000117949 | CL R5 | 0.77% | none |
| PAEAX | CL A | 0.98% | 5.75% |
| PASRX | Class R | 1.23% | none |
| PAECX | CL C | 1.73% | none |
| PAEBX | CL B | 1.80% | 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.