PMVRX Fees and Costs — Putnam Sustainable Future Fund, Class R
Data updated: 2026-09-25
The net expense ratio is 1.27%: a 0.54% management fee, a 0.50% 12b-1 fee plus 0.23% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $191K in broker commissions, 0.0532% of average net assets, and portfolio turnover was 80%.
PMVRX Fees and Expenses
Annual operating expenses and sales charges of PMVRX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.54% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.27% |
| Fee waiver | — |
| Net expense ratio | 1.27% |
| 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 | No |
| Waived fees subject to recoupment | No |
PMVRX Costs Over Time
On $10,000 invested in PMVRX, assuming 5% a year before costs, total costs come to $822 over 5 years, cutting the return by 1.39% 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 1.27%) | $133 | $415 | $717 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $21 | $76 |
| Total costs | $139 | $453 | $822 |
| Value after costs | $10,361 | $11,123 | $11,940 |
| Impact on return, per year | 1.39% | 1.39% | 1.39% |
PMVRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0532%
- Total broker commissions: $191K
- Bought from dealers (principal trades, not a cost): $8.2M
- Portfolio turnover (prospectus): 80%
- Securities lending: none during the year
PMVRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $34K | 22.45% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $24K | 16.19% |
| UBS Securities LLC | $17K | 11.33% |
| RBC Capital Markets, LLC | $14K | 9.19% |
| Mizuho Securities USA LLC | $13K | 8.61% |
| Goldman Sachs & Co. LLC | $12K | 8.01% |
| Piper Sandler & Co. | $12K | 7.80% |
| J.P. Morgan Securities LLC | $9K | 5.77% |
| Barclays Capital, Inc. | $8K | 5.62% |
| BofA Securities, Inc. | $8K | 5.03% |
PMVRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6.6M | 80.52% |
| Barclays Capital, Inc. | $528K | 6.47% |
| Jefferies LLC | $428K | 5.24% |
| BMO Capital Markets Corp. | $294K | 3.60% |
| Wells Fargo Securities, LLC | $98K | 1.20% |
| Bank of Montreal | $98K | 1.20% |
| BofA Securities, Inc. | $57K | 0.69% |
| Citigroup Global Markets Inc. | $53K | 0.65% |
| Morgan Stanley & Co. LLC | $34K | 0.42% |
Putnam Sustainable Future Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000202883 | Class R6 | 0.66% | none |
| PMVYX | Class Y | 0.77% | none |
| PMVAX | Class A | 1.02% | 5.75% |
| PMVRX | Class R | 1.27% | none |
| PMPCX | Class C | 1.77% | 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.