Putnam 529 Federated Hermes Short-Intermediate Government

Federated Hermes Short-Intermediate Government Fund Investment Option invests in a mutual fund seeking current income by investing in a portfolio of short-to-intermediate term obligations of the U.S. government and its agencies and instrumentalities.

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.

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 03/31/24

Fiscal Year End June
Category Fixed Income
Product Status Open to new investors
Inception 10/01/10
Fund Code 4168
CUSIP 74675T741
Total Net assets $1.20M

Performance

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

Annualized Performance 1 yr. 3 yrs. 5 yrs. 10 yrs.
Putnam 529 Federated Hermes Short-Intermediate Government (after sales charge) -3.53% -4.00% -1.14% -0.33%
Putnam 529 Federated Hermes Short-Intermediate Government (before sales charge) 0.49% -2.69% -0.33% 0.08%

Annual Performance as of 03/31/24

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Putnam 529 Federated Hermes Short-Intermediate Government (before sales charge) 0.39% -0.20% 0.39% -0.10% 0.59% 4.00% 5.44% -2.76% -8.97% 3.52%

Pricing as of 04/15/24

Class Before Sales Charge NAV CHANGE After Sales Charge 52 Week High NAV
(Date)
52 Week Low NAV
(Date)
A $10.07 $-0.03 $10.49 $10.34 (02/01/24) $9.79 (10/18/23)

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 0.49% -3.53%
as of 03/31/24
YTD -2.23% -6.14%
as of 04/15/24

Holdings

Top Holdings as of 03/31/24

Federated Hermes Short-Intermediate Government Fund 99.32%
Putnam Government Money Market Fund 0.48%
Top holdings, total: 99.80%


Expenses

Expense ratio

Class A† Class B Class C Class Y
Total expense ratio 0.99% 1.74% 1.74% 0.74%
What you pay 0.99% 1.74% 1.74% 0.74%

Sales Charges / Dealer Allowance

Breakpoint Class A† Class B Class C Class Y
$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% -- -- --

CDSC

  Class A†
(sales for $500,000+)
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% -- --

† 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: Derivatives also involve the risk, in the case of many over-the-counter instruments, of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.

Bond investments are subject to interest-rate risk, which means the prices of the fund’s bond investments are likely to fall if interest rates rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest-rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds, which may be considered speculative. Unlike bonds, funds that invest in bonds have ongoing fees and expenses.

Investing in leveraged companies can magnify the impact of adverse issuer, political, regulatory, market, or economic developments on a company. In the event of bankruptcy, a company's creditors take precedence over the company's stockholders. Although the companies that the fund invests in may be highly leveraged, the fund itself does not use leverage as a principal investment strategy.

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.