PCJUX Fees and Costs — Putnam Sustainable Retirement 2065 Fund, Class R
Data updated: 2026-10-13
The net expense ratio is 1.25% (13.13% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $977 in broker commissions, 0.0656% of average net assets, and portfolio turnover was 37%.
PCJUX Fees and Expenses
Annual operating expenses and sales charges of PCJUX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.54% |
| 12b-1 fee | 0.50% |
| Other expenses | 11.52% |
| Gross expense ratio | 13.13% |
| Fee waiver | −11.88% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
PCJUX Costs Over Time
On $10,000 invested in PCJUX, assuming 5% a year before costs, total costs come to $818 over 5 years, cutting the return by 1.38% 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) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $138 | $451 | $818 |
| Value after costs | $10,362 | $11,125 | $11,945 |
| Impact on return, per year | 1.38% | 1.38% | 1.38% |
PCJUX 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): 0.0656%
- Total broker commissions: $977
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 37%
PCJUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $378 | 38.67% |
| Jane Street Execution Services, LLC | $213 | 21.85% |
| Goldman Sachs & Co. LLC | $170 | 17.43% |
| Mischler Financial Group, Inc. | $135 | 13.87% |
| Morgan Stanley & Co. LLC | $39 | 4.04% |
| Flow Traders U.S. Institutional Trading LLC | $20 | 2.10% |
| Old Mission Markets LLC | $18 | 1.89% |
| Susquehanna Financial Group, LLLP | $2 | 0.16% |
Putnam Sustainable Retirement 2065 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PCJYX | Class R6 | 0.50% | none |
| PCJIX | Class R5 | 0.60% | none |
| PCJSX | Class Y | 0.60% | none |
| PCJWX | Class R4 | 0.75% | none |
| PCJQX | Class A | 0.85% | 5.75% |
| PCJVX | Class R3 | 1.00% | none |
| PCJUX | Class R | 1.25% | none |
| PCJRX | 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.