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.
Putnam 529 Income
Putnam Income Fund Investment Option invests in Putnam Income Fund, which invests mainly in securitized debt instruments (such as mortgage-backed investments) and other obligations of companies and governments worldwide denominated in U.S. dollars, are either investment-grade or below investment-grade (sometimes referred to as "junk bonds") and have intermediate to long maturities (three years or longer).
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.
Total Return (%) as of 09/30/18
|Annualized Performance||1 yr.||3 yrs.||5 yrs.||Life (inception: 10/01/10)|
|Putnam 529 Income (after sales charge)||-2.81%||0.95%||1.63%||2.83%|
|Putnam 529 Income (before sales charge)||1.24%||2.33%||2.46%||3.36%|
Annual Performance as of 09/30/18
|Putnam 529 Income (before sales charge)||4.73%||10.57%||1.82%||5.03%||-1.87%||1.90%||5.61%|
Pricing as of 10/22/18
|Class||Before Sales Charge||NAV CHANGE||After Sales Charge||52 Week High NAV
|52 Week Low NAV
|A||$12.89||$0.02||$13.43||$13.14 (08/10/18)||$12.82 (02/14/18)|
|Before sales charge||After sales charge|
|Monthly||-0.61 %||-4.59 %|
|as of 09/30/18|
|YTD||-0.85 %||-4.81 %|
|as of 10/22/18|
Top Holdings as of 09/30/18
|Putnam Income Fund-Y||99.73%|
|Putnam Govt Mmkt Fnd-A||0.34%|
|Top holdings, total:||100.07%|
Portfolio Composition as of 09/30/18
|Investment-grade corporate bonds||22.75%|
|Residential MBS (non-agency)||8.86%|
|Asset-backed securities (ABS)||1.94%|
|High-yield corporate bonds||-4.66%|
|Class A†||Class B||Class C|
|Total expense ratio||1.02%||1.77%||1.77%|
|What you pay||1.02%||1.77%||1.77%|
Sales Charges / Dealer Allowance
|Breakpoint||Class A†||Class B||Class C|
|$0-$49,999||4.00% / 3.50%||0.00% / 4.00%||0.00% / 1.00%|
|$50,000-$99,999||4.00% / 3.50%||0.00% / 4.00%||0.00% / 1.00%|
|$100,000-$249,999||3.25% / 2.75%||--||0.00% / 1.00%|
|$250,000-$499,999||2.50% / 2.00%||--||0.00% / 1.00%|
|$500,000-$999,999||0.00% / 1.00%||--||--|
|$1m-$4m||0.00% / 1.00%||--||--|
|$4m-$50m||0.00% / 0.50%||--||--|
|$50M+||0.00% / 0.25%||--||--|
(sales for $500,000+ )
|Class B||Class C|
|0 to 9 mts.||1.00%||5.00%||1.00%|
|9 to 12 mts.||1.00%||5.00%||1.00%|
† 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: 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. 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. The value of bonds in the fund's portfolio may fall or fail to rise over extended periods of time for a variety of reasons including general financial market conditions and factors related to a specific issuer or industry. You can lose money by investing in the fund.