Putnam 529 Age-Based 1999

The Age-Based Asset Allocation Investment Options invest across four broad asset categories: money market, fixed income investments, U.S. equity investments and non-U.S. equity investments. Within these categories, investments are spread over a range of Underlying Investments that concentrate on different asset classes or reflect different styles.

Fund Description

The year in which the Beneficiary of an Account was born determines how contributions are allocated. An Account for a Beneficiary who is an infant will be weighted toward Asset Allocation Portfolios that invest in equity securities. The allocation varies from 85% equity and 15% fixed income to 15% equity and 85% fixed income as the age of the Beneficiary increases.

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 08/31/18

Fiscal Year End June
Category Age-Based
Product Status Open to new investors
Inception 10/01/10
Fund Code 4067
CUSIP 74675P442
Number of Accounts 438
Outstanding Shares 680,559
Total Net assets $10.05M

Literature


Performance

Total Return (%) as of 06/30/18

Annualized Performance 1 yr. 3 yrs. 5 yrs. Life (inception: 10/01/10)
Putnam 529 Age-Based 1999 (after sales charge) -3.91% -0.32% 2.64% 4.26%
Putnam 529 Age-Based 1999 (before sales charge) 1.95% 1.67% 3.86% 5.06%

Annual Performance as of 06/30/18

  2011 2012 2013 2014 2015 2016 2017
Putnam 529 Age-Based 1999 (before sales charge) 0.10% 10.99% 12.66% 5.81% 0.00% 1.95% 3.76%

Pricing as of 09/20/18

Class Before Sales Charge NAV CHANGE After Sales Charge 52 Week High NAV
(Date)
52 Week Low NAV
(Date)
A $14.78 $0.02 $15.68 $14.78 (08/29/18) $14.48 (09/26/17)

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 0.34 % -5.43 %
as of 08/31/18
YTD 0.96 % -4.85 %
as of 09/20/18

Holdings

Top Holdings as of 08/31/18

Putnam 529 GAA Money Market Portfolio 73.20%
Putnam 529 GAA Conservative Portfolio
Portfolio composition as of 08/31/18
U.S. Investment-grade bonds
54.15%
U.S. large-cap equity
20.26%
U.S. money markets
9.18%
International equity
6.72%
U.S. small- and mid-cap equity
5.80%
U.S. High-yield bonds
2.79%
Commodities
1.10%
Composition will vary over time.
24.28%
Putnam 529 GAA Balanced Portfolio
Portfolio composition as of 08/31/18
U.S. large-cap equity
40.46%
U.S. Investment-grade bonds
24.87%
International equity
11.18%
U.S. small- and mid-cap equity
10.80%
U.S. money markets
8.19%
U.S. High-yield bonds
2.91%
Commodities
1.59%
Composition will vary over time.
2.50%
Top holdings, total: 99.98%

Portfolio Composition as of 08/31/18

U.S. money markets 75.65%
U.S. Investment-grade bonds 13.77%
U.S. large-cap equity 5.93%
International equity 1.91%
U.S. small- and mid-cap equity 1.68%
U.S. High-yield bonds 0.75%
Commodities 0.31%

Expenses

Expense ratio

Class A† Class B Class C Class D*
Total expense ratio 1.03% 1.78% 1.78% 1.03%
What you pay 1.03% 1.78% 1.78% 1.03%

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% -- --

† 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: International investing involves currency, economic, and political risks. Emerging-market securities carry illiquidity and volatility risks. Investments in small and/or midsize companies increase the risk of greater price fluctuations. Lower-rated bonds may offer higher yields in return for more risk. Funds that invest in government securities are not guaranteed. 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. Money market options are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency. Although the funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in these funds. Our allocation of assets among permitted asset categories may hurt performance. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Bond investments are subject to interest-rate risk (the risk of bond prices falling if interest rates rise) and credit risk (the risk of an issuer defaulting on interest or principal payments). Interest-rate risk is greater for longer-term bonds, and credit risk is greater for below-investment-grade bonds. Risks associated with derivatives include increased investment exposure (which may be considered leverage) and, in the case of over-the-counter instruments, the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. Unlike bonds, funds that invest in bonds have fees and expenses. Stock and bond 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.