Putnam 529 State Street S&P 500 Index Fund

State Street S&P 500 Index Fund seeks to replicate as closely as possible, before expenses, the performance of the S&P 500 Index. The index includes common stocks of 500 companies from a number of sectors representing a significant portion of the market value of all stocks publicly traded in the United States.

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 02/29/24

Fiscal Year End June
Category Equity
Product Status Open to new investors
Inception 06/27/12
Fund Code 4169
CUSIP 74675T378
Total Net assets $18.36M

Performance

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

Annualized Performance 1 yr. 3 yrs. 5 yrs. 10 yrs.
Putnam 529 State Street S&P 500 Index Fund (after sales charge) 21.68% 8.70% 13.13% 11.70%
Putnam 529 State Street S&P 500 Index Fund (before sales charge) 29.11% 10.87% 14.48% 12.36%

Annual Performance as of 03/31/24

  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Putnam 529 State Street S&P 500 Index Fund (before sales charge) 13.03% 0.93% 11.30% 21.13% -4.95% 30.64% 18.14% 27.93% -18.47% 25.58%

Pricing as of 03/28/24

Class Before Sales Charge NAV CHANGE After Sales Charge 52 Week High NAV
(Date)
52 Week Low NAV
(Date)
A $46.31 $0.05 $49.14 $46.31 (03/28/24) $35.16 (03/29/23)

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 3.16% -2.77%
as of 03/31/24
YTD 10.34% 4.00%
as of 03/31/24

Holdings

Top Holdings as of 02/29/24

State Street S&P 500 Index Fund 99.61%
Putnam Government Money Market Fund 0.44%
Top holdings, total: 100.04%


Expenses

Expense ratio

Class A† Class B Class C Class Y
Total expense ratio 0.55% 1.30% 1.30% 0.30%
What you pay 0.55% 1.30% 1.30% 0.30%

Sales Charges / Dealer Allowance

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

Portfolio characteristics will vary over time.

Due to rounding, percentages may not equal 100%.

Consider these risks before investing: Derivative investments may involve risks such as potential illiquidity of the markets and additional risk of loss of principal. Investments in mid-sized companies may involve greater risks than those in larger, better known companies, but may be less volatile than investments in smaller companies. Companies with large market capitalizations go in and out of favor based on market and economic conditions. Larger companies tend to be less volatile than companies with smaller market capitalizations. In exchange for this potentially lower risk, the value of the security may not rise as much as companies with smaller market capitalizations. Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions.

Passively managed funds hold a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index. The ability of the fund to meet its investment objective and redeem investors is directly related to the ability of the master fund to meet its objective and redeem fund interests in the master fund, and may be adversely affected by the purchase and redemption activities of other investors in the Portfolio. You can lose money by investing in the fund.