Putnam 529 Government Money Market

Putnam Government Money Market Fund Investment Option invests in Putnam Government Money Market Fund, which invests at least 99.5% of its total assets in cash, U.S. government securities and repurchase agreements that are fully collateralized by U.S. government securities or cash.

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, Age-Based, Multi-Asset Absolute Return option, and Equity Asset Class Options, 4.00% for the Fixed-Income Asset Class Option, and 1.00% for the Absolute Return 100 and Fixed Income Absolute Return 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 (except for the Putnam Absolute Return 100 and Putnam Fixed Income Absolute Return options, 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 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 04/30/18

Fiscal Year End June
Category Money Market
Product Status Open to new investors
Inception 08/18/16
Fund Code 4154
CUSIP 74675U870
Number of Accounts 671
Outstanding Shares 9M
Total Net assets $9.21M

Literature


Performance

Pricing as of 05/25/18

Class Before Sales Charge NAV CHANGE After Sales Charge 52 Week High NAV
(Date)
52 Week Low NAV
(Date)
A $1.00 $0.00 $1.00 $1.00 (09/13/17) $1.00 (09/13/17)

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, Age-Based, Multi-Asset Absolute Return option, and Equity Asset Class Options, 4.00% for the Fixed-Income Asset Class Option, and 1.00% for the Absolute Return 100 and Fixed Income Absolute Return 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 (except for the Putnam Absolute Return 100 and Putnam Fixed Income Absolute Return options, 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 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 -- --
YTD -- --

Holdings

Top Holdings as of 04/30/18

Putnam Govt Mmkt Fnd-A 100.02%
Top holdings, total: 100.02%

Portfolio Composition as of 04/30/18

Repurchase agreements 73.01%
U.S. Treasury debt 14.30%
U.S. Government agency debt 12.89%
Cash and net other assets -0.20%

Expenses

Expense ratio

Class A† Class B Class C
Total expense ratio 0.93% 0.93% 1.18%
What you pay 0.93% 0.93% 1.18%

Sales Charges / Dealer Allowance

Breakpoint Class A† Class B Class C
$0-$49,999 -- -- --
$50,000-$99,999 -- -- --
$100,000-$249,999 -- -- --
$250,000-$499,999 -- -- --
$500,000-$999,999 -- -- --
$1m-$4m -- -- --
$4m-$50m -- -- --
$50M+ -- -- --

CDSC

  Class A† Class B Class C
0 to 9 mts. -- -- --
9 to 12 mts. -- -- --
2 yrs. -- -- --
3 yrs. -- -- --
4 yrs. -- -- --
5 yrs. -- -- --
6 yrs. -- -- --
7+ yrs. -- -- --

† 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: Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.