PDVMX Fees and Costs — Putnam Diversified Income Trust, Putnam Diversified Income CL M
Data updated: 2026-09-15
The net expense ratio is 1.24%: a 0.52% management fee, a 0.50% 12b-1 fee plus 0.21% other expenses. This share class carries a maximum front-end sales load of 3.25%. In fiscal 2025 the fund paid $6K in broker commissions, 0.0006% of average net assets, and portfolio turnover was 549%.
PDVMX Fees and Expenses
Annual operating expenses and sales charges of PDVMX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.24% |
| Fee waiver | — |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | 3.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PDVMX Costs Over Time
On $10,000 invested in PDVMX, assuming 5% a year before costs, total costs come to $1,162 over 5 years, cutting the return by 1.99% 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 | $325 | $325 | $325 |
| Fund expenses (net expense ratio 1.24%) | $126 | $392 | $678 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $16 | $71 | $158 |
| Total costs | $467 | $788 | $1,162 |
| Value after costs | $10,033 | $10,788 | $11,601 |
| Impact on return, per year | 4.67% | 2.44% | 1.99% |
PDVMX 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): 0.0006%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $106.3B
- Portfolio turnover (prospectus): 549%
- Securities lending: none during the year
PDVMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $3K | 50.75% |
| J.P. Morgan Securities LLC | $3K | 49.25% |
PDVMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $35.5B | 33.87% |
| Citigroup Global Markets Inc. | $21.2B | 20.24% |
| BofA Securities, Inc. | $10.3B | 9.85% |
| Morgan Stanley & Co. LLC | $9.6B | 9.13% |
| Goldman Sachs & Co. LLC | $8.4B | 8.02% |
| Wells Fargo Securities, LLC | $7.8B | 7.45% |
| Mizuho Securities USA LLC | $6.2B | 5.96% |
| Barclays Capital, Inc. | $5.1B | 4.86% |
| Daiwa Capital Markets America Inc. | $458.1M | 0.44% |
| BB&T Securities, LLC | $180.6M | 0.17% |
Putnam Diversified Income Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000135951 | Fund Class R6 | 0.63% | none |
| PDVYX | Putnam Diversified Income CL Y | 0.74% | none |
| PDINX | Putnam Diversified Income CL A | 0.99% | 4.00% |
| PDVMX | Putnam Diversified Income CL M | 1.24% | 3.25% |
| PDVRX | Class R | 1.24% | none |
| PDVCX | Putnam Diversified Income CL C | 1.73% | none |
| PSIBX | Putnam Diversified Income CL B | 1.79% | 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.