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Putnam 529 for America

Nevada

Launched in October 2010, Nevada's Putnam 529 for America advisor-sold 529 savings plan offers 3 age-based options, 3 goal-based options, 11 individual-fund options, and 4 options consisting of the Putnam Absolute Return Funds. The 11 individual-fund options include several non-Putnam mutual funds. To find a financial advisor in your area, use the Find a 529 Pro Directory.

5-Cap Rating

Resident:
Non-Resident:

Savingforcollege.com's 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories. (Scale 0 to 5; 5 is highest)

Performance	Costs	Features	Reliability	Resident Upgrade
3.69	3.59	3.80	4.00	0.00

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General

Did you know?

Residents are not limited to investing in their own state's plan. Another state may offer a plan that performs better and has lower fees. If there is no tax break offered for in-state investors ... shop around!

Also, the plan chosen does not affect which state the student enrolls in. An investor can live in NY, invest in a plan from NV and send a student to college in FL.

Research other state plans
or
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Program type:

Savings

Telephone:

1-877-788-6265

Web site:

Click here to visit

How to enroll:

Enroll through a financial advisor.

Initial year of operation:

2010

State agency(ies):

Board of Trustees of the College Savings Plans of Nevada

Program manager:

Putnam Investments

Program distributor:

Putnam Retail Management

Manager contract term:

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Eligibility

State residency requirements:

None

Who can be a participant/owner in the program?

U.S. citizens and resident aliens, UGMA/UTMA custodians, trusts, and 501(c)(3) organizations.

Significant time or age restrictions imposed by the program:

None

Contributions

Maximum contributions:

Accepts contributions until all 529 account balances in Nevada's 529 plans for the same beneficiary reach $370,000.

Minimum contributions:

$25 minimum initial contribution, currently being waived.

Investment Options

Age-based investment options:

The Age-Based Option offers a choice among 3 different risk levels (Aggressive, Moderate, and Conservative). Contributions are allocated among 5 Putnam-managed asset-allocation portfolios based on the selected risk level and the age of the beneficiary.

Static investment options:

3 goal-based options (Aggressive Growth, Growth, and Balanced), 4 Putnam Absolute Return Funds options, and 11 individual-fund options.

Underlying investments:

Mutual funds from Putnam, MFS, Principal, Federated, Fidelity. and State Street.

Underlying fund allocations:

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Investment performance link:

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Portfolio Fees & Performance Lookup

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Fees & Expenses

Enrollment or application fee:

None, but contributions may be subject to a sales charge depending on share class.

Account maintenance fee:

$15 annual account maintenance fee for accounts with less than $25,000, waived for residents of Nevada, accounts in an automatic investment plan, or participants in particular corporate payroll deduction plans and affinity programs.

Program management fees:

0.10% administrative fee to the state, plus reimbursed expenses of up to 0.04%, plus distribution/servicing fees as follows:

Money Market option:
Class A: 0.25%
Class B: 0.25%
Class C: 0.50%

Absolute Return Funds 100 and 300:
Class A: 0.25%
Class B: 0.45%
Class C: 1.00%

All other options:
Classes A and D: 0.25%
Class B: 1.00%
Class C: 1.00%

Expenses of the underlying investments:

Ranges from 0.57% to 0.79% (portfolio weighted average) in the age-based and static multi-fund portfolios, and from 0.18% to 1.41% in the individual fund portfolios.