Putnam 529 Principal MidCap

Principal MidCap Fund Investment Option invests in Principal MidCap Fund, which invests primarily in equity securities of medium capitalization companies.

Prior to March 1, 2013, the fund was known as Putnam MidCap Blend Fund.

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

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 07/31/18

Fiscal Year End June
Category Equity
Product Status Open to new investors
Inception 10/01/10
Fund Code 4171
CUSIP 74675T642
Number of Accounts 1274
Outstanding Shares 527,895
Total Net assets $16.12M

Literature


Performance

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

Annualized Performance 1 yr. 3 yrs. 5 yrs. Life (inception: 10/01/10)
Putnam 529 Principal MidCap (after sales charge) 7.35% 8.59% 11.88% 14.23%
Putnam 529 Principal MidCap (before sales charge) 13.90% 10.76% 13.21% 15.11%

Annual Performance as of 06/30/18

  2011 2012 2013 2014 2015 2016 2017
Putnam 529 Principal MidCap (before sales charge) 7.44% 18.50% 32.86% 12.23% 1.00% 9.75% 24.75%

Pricing as of 08/13/18

Class Before Sales Charge NAV CHANGE After Sales Charge 52 Week High NAV
(Date)
52 Week Low NAV
(Date)
A $30.38 $-0.19 $32.23 $30.96 (07/18/18) $26.34 (08/17/17)

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 2.69 % -3.21 %
as of 07/31/18
YTD 5.01 % -1.03 %
as of 08/13/18

Holdings

Top Holdings as of 06/30/18

Ja4 - Put 529 Principal Mid Cap Bl Class Y Ul Pcbix 99.70%
Putnam Govt Mmkt Fnd-A 0.40%
Top holdings, total: 100.10%


Expenses

Expense ratio

Class A† Class B Class C
Total expense ratio 1.09% 1.84% 1.84%
What you pay 1.09% 1.84% 1.84%

Sales Charges / Dealer Allowance

Breakpoint Class A† Class B Class C
$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
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: The fund may invest a portion of its assets in small and/or midsize companies. Such investments increase the risk of greater price fluctuations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound.