PCCLX Fees and Costs — Putnam Retirement Advantage 2040 Fund, Class A
Data updated: 2026-07-27
The net expense ratio is 0.80% (1.70% before fee waivers). This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. Portfolio turnover was 39%.
PCCLX Fees and Expenses
Annual operating expenses and sales charges of PCCLX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.70% |
| Fee waiver | −0.90% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PCCLX Costs Over Time
On $10,000 invested in PCCLX, assuming 5% a year before costs, total costs come to $1,207 over 5 years, cutting the return by 2.07% 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 | $673 | $575 | $575 |
| Fund expenses (net expense ratio 0.80%) | $79 | $248 | $430 |
| Lost growth on money paid in costs | $29 | $103 | $202 |
| Total costs | $781 | $925 | $1,207 |
| Value after costs | $9,719 | $10,651 | $11,555 |
| Impact on return, per year | 7.81% | 2.88% | 2.07% |
PCCLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
Putnam Retirement Advantage 2040 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PBAMX | Class R6 | 0.45% | none |
| PAGOX | Class R5 | 0.55% | none |
| PALZX | Class Y | 0.55% | none |
| PAGJX | Class R4 | 0.70% | none |
| PCCLX | Class A | 0.80% | 5.75% |
| PAGKX | Class R3 | 0.95% | none |
| PBAOX | Class R | 1.20% | none |
| PBBZX | Class C | 1.55% | 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.