Putnam 529 Growth

The Plan allocates your contributions under this option as follows: 75% to the Putnam 529 GAA Growth Portfolio and 25% to Putnam 529 GAA All Equity Portfolio.

Fund Description

The Growth Option may appeal to individuals seeking higher potential rates of return with a greater degree of risk as compared to the Balanced Option but who desire at least some exposure to fixed income securities. This option may be useful to individuals who already have significant funds for college invested in less risky investments.

Management team

Data is historical. Past performance is not a guarantee of future results. More recent returns may be less or more than those shown. Investment return and principal value will fluctuate, and you may have a gain or a loss when you sell your shares. Performance assumes reinvestment of distributions. Returns after sales charge for class A shares reflect the current maximum initial sales charges of 5.75% for the Goal-Based and Age-Based options, the Equity Asset Class options, and the Multi-Asset Absolute Return Fund Investment Option, 4.00% for the Fixed-Income Asset Class options, and 1.00% for the Fixed Income Absolute Return Fund Investment Option. Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declining to 1% in the sixth year, and is eliminated thereafter (except for the Fixed Income Absolute Return Option, which is 1% in the first year, declining to 0.5% in the second year, and is eliminated thereafter). Class C shares reflect a 1% CDSC the first year that is eliminated thereafter. Class D shares reflect the current maximum initial sales charges of 3.50%. The Government Money Market Fund Investment Option does not have an initial sales charge or CDSC. Performance reflects ongoing fees and expenses, including an annualized 0.20% fee charged by the College Savings Plans of Nevada and the Nevada College Savings Trust Fund and the fees and other expenses of the Putnam Mutual Funds in which the plan invests. The funds' expense ratios are taken from the most recent prospectus and are subject to change.

Fund Facts as of 05/31/18

Fiscal Year End June
Category Goal-Based
Product Status Open to new investors
Inception 10/01/10
Fund Code 4153
CUSIP 74675P509
Number of Accounts 1453
Outstanding Shares 1M
Total Net assets $24.12M

Literature


Performance

Total Return (%) as of 03/31/18

Annualized Performance 1 yr. 3 yrs. 5 yrs. Life (inception: 10/01/10)
Putnam 529 Growth (after sales charge) 5.74% 4.73% 8.56% 9.27%
Putnam 529 Growth (before sales charge) 12.19% 6.81% 9.85% 10.13%

Annual Performance as of 03/31/18

  2011 2012 2013 2014 2015 2016 2017
Putnam 529 Growth (before sales charge) -3.72% 15.36% 25.29% 9.63% -0.43% 7.10% 19.95%

Pricing as of 06/22/18

Class Before Sales Charge NAV CHANGE After Sales Charge 52 Week High NAV
(Date)
52 Week Low NAV
(Date)
A $21.24 $0.03 $22.54 $22.24 (01/26/18) $18.90 (07/06/17)

Data is historical. Past performance is not a guarantee of future results. More recent returns may be less or more than those shown. Investment return and principal value will fluctuate, and you may have a gain or a loss when you sell your shares. Performance assumes reinvestment of distributions. Returns after sales charge for class A shares reflect the current maximum initial sales charges of 5.75% for the Goal-Based and Age-Based options, the Equity Asset Class options, and the Multi-Asset Absolute Return Fund Investment Option, 4.00% for the Fixed-Income Asset Class options, and 1.00% for the Fixed Income Absolute Return Fund Investment Option. Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declining to 1% in the sixth year, and is eliminated thereafter (except for the Fixed Income Absolute Return Option, which is 1% in the first year, declining to 0.5% in the second year, and is eliminated thereafter). Class C shares reflect a 1% CDSC the first year that is eliminated thereafter. Class D shares reflect the current maximum initial sales charges of 3.50%. The Government Money Market Fund Investment Option does not have an initial sales charge or CDSC. Performance reflects ongoing fees and expenses, including an annualized 0.20% fee charged by the College Savings Plans of Nevada and the Nevada College Savings Trust Fund and the fees and other expenses of the Putnam Mutual Funds in which the plan invests. The funds' expense ratios are taken from the most recent prospectus and are subject to change.


Performance Snapshot

  Before sales charge After sales charge
Monthly 1.05 % -4.76 %
as of 05/31/18
YTD 1.24 % -4.58 %
as of 06/22/18

Holdings

Top Holdings as of 05/31/18

Putnam 529 GAA Growth Portfolio
Portfolio composition as of 05/31/18
U.S. large-cap equity
47.77%
International equity
14.87%
U.S. small- and mid-cap equity
14.26%
U.S. Investment-grade bonds
7.64%
Emerging-markets equity
5.54%
U.S. money markets
5.40%
U.S. High-yield bonds
2.88%
Commodities
1.64%
Composition will vary over time.
74.67%
Putnam 529 GAA All Equity Portfolio
Portfolio composition as of 05/31/18
U.S. large-cap equity
57.10%
International equity
18.15%
U.S. small- and mid-cap equity
17.42%
Emerging-markets equity
6.16%
U.S. money markets
1.17%
Composition will vary over time.
24.98%
Putnam 529 GAA Money Market Portfolio 0.45%
Top holdings, total: 100.10%

Portfolio Composition as of 05/31/18

U.S. large-cap equity 49.93%
International equity 15.64%
U.S. small- and mid-cap equity 15.00%
U.S. Investment-grade bonds 5.70%
Emerging-markets equity 5.68%
U.S. money markets 4.67%
U.S. High-yield bonds 2.15%
Commodities 1.22%

Expenses

Expense ratio

Class A† Class B Class C Class D*
Total expense ratio 1.16% 1.91% 1.91% 1.16%
What you pay 1.16% 1.91% 1.91% 1.16%

Sales Charges / Dealer Allowance

Breakpoint Class A† Class B Class C Class D*
$0-$49,999 5.75% / 5.00% 0.00% / 4.00% 0.00% / 1.00% 3.50% / 3.00%
$50,000-$99,999 4.50% / 3.75% 0.00% / 4.00% 0.00% / 1.00% 3.50% / 3.00%
$100,000-$249,999 3.50% / 2.75% -- 0.00% / 1.00% 3.50% / 2.75%
$250,000-$499,999 2.50% / 2.00% -- 0.00% / 1.00% 2.50% / 2.00%
$500,000-$999,999 2.00% / 1.75% -- 0.00% / 1.00% 2.00% / 1.75%
$1m-$4m 0.00% / 1.00% -- -- 0.00% / 1.00%
$4m-$50m 0.00% / 0.50% -- -- 0.00% / 0.50%
$50M+ 0.00% / 0.25% -- -- 0.00% / 0.25%

CDSC

  Class A†
(sales for $1,000,000+ )
Class B Class C Class D*
(sales for $1,000,000+ )
0 to 9 mts. 1.00% 5.00% 1.00% 1.00%
9 to 12 mts. 1.00% 5.00% 1.00% 0.00%
2 yrs. 0.00% 4.00% -- --
3 yrs. 0.00% 3.00% -- --
4 yrs. 0.00% 3.00% -- --
5 yrs. 0.00% 2.00% -- --
6 yrs. 0.00% 1.00% -- --
7+ yrs. 0.00% 0.00% -- --

Trail Commissions

  Class A† Class B Class C Class D*
  0.25% 0.25% 1.00% 0.25%
  NA NA NA NA
  NA NA NA NA

† For exceptions to sales load, dealer reallowance and trail commission information set forth above, see the Offering Statement.

* D shares are only available to certain account owners - see offering statement for details

Portfolio characteristics will vary over time.

Due to rounding, percentages may not equal 100%.

Consider these risks before investing: Growth stocks may be more susceptible to earnings disappointments, and the market may not favor growth-style investing. Stock prices may fall or fail to rise over time for several reasons, including general financial market conditions and factors related to a specific issuer or industry. You can lose money by investing in the fund.

For the portion invested in the 529 Money Market portfolio these risks also apply: You can lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund's liquidity falls below certain required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

The values of money market investments usually rise and fall in response to changes in interest rates. Interest-rate risk is generally lowest for investments with short maturities (a significant part of the fund's investments). Although the fund only buys high-quality investments, investments backed by a letter of credit have the risk that the provider of the letter of credit will not be able to fulfill its obligations to the issuer. The effects of inflation may erode the value of your investment over time.