PIFRX Fees and Costs — Putnam Income Fund, Class R
Data updated: 2026-09-25
The net expense ratio is 0.99%: a 0.37% management fee, a 0.50% 12b-1 fee plus 0.22% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $86K in broker commissions, 0.0081% of average net assets, and portfolio turnover was 431%.
PIFRX Fees and Expenses
Annual operating expenses and sales charges of PIFRX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.22% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
PIFRX Costs Over Time
On $10,000 invested in PIFRX, assuming 5% a year before costs, total costs come to $624 over 5 years, cutting the return by 1.05% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $343 | $624 |
| Value after costs | $10,395 | $11,233 | $12,138 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
PIFRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0081%
- Total broker commissions: $86K
- Bought from dealers (principal trades, not a cost): $69.4B
- Portfolio turnover (prospectus): 431%
- Securities lending: none during the year
PIFRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $68K | 79.77% |
| J.P. Morgan Securities LLC | $17K | 19.60% |
| Goldman Sachs & Co. LLC | $540 | 0.63% |
PIFRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $22.0B | 32.01% |
| Goldman Sachs & Co. LLC | $9.4B | 13.70% |
| Morgan Stanley & Co. LLC | $8.3B | 12.11% |
| Citigroup Global Markets Inc. | $8.0B | 11.65% |
| Wells Fargo Securities, LLC | $7.9B | 11.43% |
| Mizuho Securities USA LLC | $4.8B | 7.04% |
| BofA Securities, Inc. | $4.6B | 6.66% |
| Barclays Capital, Inc. | $3.3B | 4.84% |
| Daiwa Capital Markets America Inc. | $241.1M | 0.35% |
| BMO Capital Markets Corp. | $137.7M | 0.20% |
Putnam Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000118064 | Class R6 | 0.38% | none |
| C000118063 | Class R5 | 0.45% | none |
| PNCYX | Class Y | 0.48% | none |
| PINCX | Class A | 0.73% | 4.00% |
| PNCMX | Class M | 0.98% | 3.25% |
| PIFRX | Class R | 0.99% | none |
| PUICX | Class C | 1.49% | none |
| PNCBX | Class B | 1.51% | 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.