PLAN FOR THEIR POTENTIAL


PLAN FOR THEIR POTENTIAL

Important information:

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 at public offering price (POP) for class A shares reflect a sales charge of 5.75% for the Asset Allocation, Age-Based, Multi-Asset Absolute Return, and Equity Asset Class Options, and 4.00% for the Fixed-Income Asset Class Option. The Money Market Option does not have an initial sales charge or CDSC, and the Fixed Income Absolute Return Fund Option's initial sales charge is 1.00%. As described in the current offering statement, 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. Indexes are unmanaged and used as a broad measure of market performance. It is not possible to invest directly in an index. Please see the offering statement for more information.

The Money Market Option is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency. Although the option seeks to maintain a constant share price of $1.00, it is possible to lose money by investing in this option.

    Yesterday's close (05/25/18)  Annualized Performance as of:
Expenses
Fund
Cusip Price Chg. YTD 1 yr. 3 yrs. 5 yrs. 10 yrs./
Life
Total expense ratio What you pay