Putnam 529 Small Cap Value

Putnam Small Cap Value Fund Investment Option invests in Putnam Small Cap Value Fund, which invests mainly in common stocks of small U.S. companies with a focus on value stocks.

Fund Description

The Individual Fund Investment Options enable Account Owners to build portfolios concentrating on specific asset classes such as large capitalization equity growth, international equity or investment grade fixed income. Doing so permits Account Owners to tailor investments to their specific investment needs and objectives that may not be met by the broader Asset Allocation Investment Options.

Management team

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or 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%. Class Y shares have no initial sales charge. Class Y shares before their inception are derived from the historical performance of class A shares, which have not been adjusted for the lower expenses; had they, returns would have been higher. 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 0.10% 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.

The Class Y share fee structure is currently only available for investments made by Account Owners investing in the Plan through a UBS commission-based platform.

Fund Facts as of 05/31/22

Fiscal Year End June
Category Equity
Product Status Open to new investors
Inception 09/12/14
Fund Code 4179
CUSIP 74675T147
Total Net assets $4.95M

Performance

Total Return (%) as of 03/31/22

Annualized Performance 1 yr. 3 yrs. 5 yrs. Life (inception: 09/12/14)
Putnam 529 Small Cap Value (after sales charge) 6.61% 14.20% 7.54% 8.13%
Putnam 529 Small Cap Value (before sales charge) 13.11% 16.47% 8.82% 8.99%

Annual Performance as of 03/31/22

  2015 2016 2017 2018 2019 2020 2021
Putnam 529 Small Cap Value (before sales charge) -4.02% 26.33% 7.75% -20.01% 23.99% 3.55% 39.27%

Pricing as of 06/29/22

Class Before Sales Charge NAV CHANGE After Sales Charge 52 Week High NAV
(Date)
52 Week Low NAV
(Date)
A $16.17 $-0.19 $17.16 $19.87 (11/08/21) $15.97 (06/23/22)

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or 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%. Class Y shares have no initial sales charge. Class Y shares before their inception are derived from the historical performance of class A shares, which have not been adjusted for the lower expenses; had they, returns would have been higher. 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 0.10% 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.

The Class Y share fee structure is currently only available for investments made by Account Owners investing in the Plan through a UBS commission-based platform.


Performance Snapshot

  Before sales charge After sales charge
Monthly 1.74% -4.11%
as of 05/31/22
YTD -15.25% -20.12%
as of 06/29/22

Holdings

Top Holdings as of 05/31/22

Putnam Small Cap Value-Y 99.61%
Putnam Govt Mmkt Fnd-A 0.45%
Top holdings, total: 100.06%

Portfolio Composition as of 05/31/22

Common stock 98.64%
Cash and net other assets 1.36%

Expenses

Expense ratio

Class A† Class B Class C Class Y
Total expense ratio 1.28% 2.03% 2.03% 1.03%
What you pay 1.28% 2.03% 2.03% 1.03%

Sales Charges / Dealer Allowance

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

CDSC

  Class A†
(sales for $1,000,000+)
Class B Class C Class Y
0 to 9 mts. 1.00% 5.00% 1.00% --
9 to 12 mts. 1.00% 5.00% 1.00% --
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 Y
  0.25% 0.25% 1.00% 0.00%
  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.

Portfolio characteristics will vary over time.

Due to rounding, percentages may not equal 100%.

Consider these risks before investing: Investments in small and/or midsize companies increase the risk of greater price fluctuations. Value stocks may fail to rebound, and the market may not favor value-style investing.

The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political, or financial market conditions; investor sentiment and market perceptions; government actions; geopolitical events or changes; and factors related to a specific issuer, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. These risks are generally greater for small and midsize companies. From time to time, the fund may invest a significant portion of its assets in companies in one or more related industries or sectors, which would make the fund more vulnerable to adverse developments affecting those industries or sectors.

Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund.