Putnam 529 Government Money Market

Putnam Government Money Market Fund Investment Option invests in Putnam Government Money Market Fund, which invests at least 99.5% of its total assets in cash, U.S. government securities and repurchase agreements that are fully collateralized by U.S. government securities or cash.

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, and the Equity Asset Class options, and 4.00% for the Fixed-Income Asset Class options. 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. 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 02/29/24

Fiscal Year End June
Category Money Market
Product Status Open to new investors
Inception 08/18/16
Fund Code 4154
CUSIP 74675U870
Total Net assets $13.77M

Performance

Total Return (%) as of 03/31/24

Annualized Performance 1 yr. 3 yrs. 5 yrs. Life (inception: 08/18/16)
Putnam 529 Government Money Market (after sales charge) 4.75% 2.29% 1.62% 1.27%
Putnam 529 Government Money Market (before sales charge) 4.75% 2.29% 1.62% 1.27%

Annual Performance as of 03/31/24

  2017 2018 2019 2020 2021 2022 2023
Putnam 529 Government Money Market (before sales charge) 0.05% 1.09% 1.52% 0.18% 0.00% 1.16% 4.53%

Pricing as of 03/28/24

Class Before Sales Charge NAV CHANGE After Sales Charge 52 Week High NAV
(Date)
52 Week Low NAV
(Date)
A $1.00 $0.00 $1.00 $1.00 (03/28/24) $1.00 (03/28/24)

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, and the Equity Asset Class options, and 4.00% for the Fixed-Income Asset Class options. 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. 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 0.40% 0.40%
as of 03/31/24
YTD 1.21% 1.21%
as of 03/31/24

Holdings

Top Holdings as of 02/29/24

Putnam Government Money Market Fund 100.04%
Top holdings, total: 100.04%

Portfolio Composition as of 02/29/24

Repurchase agreements 90.75%
U.S. Treasury debt 5.46%
U.S. government agency debt 4.18%
Cash and net other assets -0.39%

Expenses

Expense ratio

Class A† Class B Class C Class Y
Total expense ratio 0.42% 0.42% 0.42% 0.42%
What you pay 0.42% 0.42% 0.42% 0.42%

Sales Charges / Dealer Allowance

Breakpoint Class A† Class B Class C Class Y
$0-$49,999 -- -- -- --
$50,000-$99,999 -- -- -- --
$100,000-$249,999 -- -- -- --
$250,000-$499,999 -- -- -- --
$500,000-$999,999 -- -- -- --
$1m-$4m -- -- -- --
$4m-$50m -- -- -- --
$50M+ -- -- -- --

CDSC

  Class A† Class B Class C Class Y
0 to 9 mts. -- -- -- --
9 to 12 mts. -- -- -- --
2 yrs. -- -- -- --
3 yrs. -- -- -- --
4 yrs. -- -- -- --
5 yrs. -- -- -- --
6 yrs. -- -- -- --
7+ yrs. -- -- -- --

Trail Commissions

  Class A† Class B Class C Class Y
  0.00% 0.00% 0.00% 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: 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, there is no guarantee it will do so. 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. Changes in the financial condition of an issuer or counterparty, changes in specific economic or political conditions that affect a particular type of issuer, and changes in general economic or political conditions can increase the risk of default by an issuer or counterparty, which can affect a security's or instrument's credit quality or value.

Certain securities in which the fund may invest, including securities issued by certain U.S. government agencies and U.S. government sponsored enterprises, are not guaranteed by the U.S. government or supported by the full faith and credit of the United States. Mortgage-backed securities are subject to prepayment risk and the risk that they may increase in value less when interest rates decline and decline in value more when interest rates rise.

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.