Putnam 529 MFS Institutional International Equity

MFS Institutional International Equity Fund Investment Option invests in MFS Institutional Equity International Fund, which invests primarily in equity securities of foreign companies, including emerging markets securities.

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 11/30/18

Fiscal Year End June
Category Equity
Product Status Open to new investors
Inception 10/01/10
Fund Code 4172
CUSIP 74675T774
Number of Accounts 1169
Outstanding Shares 539,491
Total Net assets $8.41M

Literature


Performance

Total Return (%) as of 09/30/18

Annualized Performance 1 yr. 3 yrs. 5 yrs. Life (inception: 10/01/10)
Putnam 529 MFS Institutional International Equity (after sales charge) -1.72% 7.38% 3.83% 5.95%
Putnam 529 MFS Institutional International Equity (before sales charge) 4.27% 9.52% 5.07% 6.74%

Annual Performance as of 09/30/18

  2011 2012 2013 2014 2015 2016 2017
Putnam 529 MFS Institutional International Equity (before sales charge) -10.18% 22.04% 18.06% -4.62% -0.38% 0.00% 27.41%

Pricing as of 12/07/18

Class Before Sales Charge NAV CHANGE After Sales Charge 52 Week High NAV
(Date)
52 Week Low NAV
(Date)
A $15.13 $-0.05 $16.05 $17.83 (01/26/18) $15.08 (10/29/18)

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 0.91% -4.90%
as of 11/30/18
YTD -9.83% -15.02%
as of 12/07/18

Holdings

Top Holdings as of 10/31/18

Kn3 - Put 529 Mfs Inst International Equity Class Y Ul 99.62%
Putnam Govt Mmkt Fnd-A 0.47%
Top holdings, total: 100.09%


Expenses

Expense ratio

Class A† Class B Class C
Total expense ratio 1.10% 1.85% 1.85%
What you pay 1.10% 1.85% 1.85%

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: International investing involves certain risks, such as currency fluctuations, economic instability, and political developments. Additional risks may be associated with emerging-market securities, including illiquidity and volatility. 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.

Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. 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.