Prospectus Supplement | April 20, 2023 |
George Putnam Balanced Fund | Putnam International Value Fund |
Putnam California Tax-Exempt Income Fund | Putnam Large Cap Value Fund |
Putnam Convertible Securities Fund (Class A, B, C, R, R6, and Y shares) |
Putnam Money Market Fund |
Putnam Core Bond Fund |
Putnam Mortgage Opportunities Fund (Class A, C, R6, and Y shares) |
Putnam Core Equity Fund | Putnam Mortgage Securities Fund |
Putnam Diversified Income Trust | Putnam New York Tax Exempt Income Fund |
Putnam Emerging Markets Equity Fund | Putnam Research Fund |
Putnam Floating Rate Income Fund | Putnam Short Duration Bond Fund |
Putnam Focused Equity Fund | Putnam Short-Term Municipal Income Fund |
Putnam Focused International Equity Fund | Putnam Small Cap Growth Fund |
Putnam Global Health Care Fund | Putnam Small Cap Value Fund |
Putnam Global Income Trust | Putnam Strategic Intermediate Municipal Fund |
Putnam Global Technology Fund | Putnam Sustainable Future Fund |
Putnam Government Money Market Fund (Class A, B, C, G, P, and R shares) | Putnam Sustainable Leaders Fund |
Putnam Large Cap Growth Fund | Putnam Tax Exempt Income Fund |
Putnam High Yield Fund | Putnam Tax-Free High Yield Fund |
Putnam Income Fund | Putnam Multi-Asset Income Fund |
Putnam Intermediate-Term Municipal Income Fund | Putnam Dynamic Asset Allocation Equity Fund |
Putnam International Capital Opportunities Fund | Putnam Ultra Short Duration Income Fund |
Putnam International Equity Fund |
Effective immediately, for the funds listed above, the first paragraph under the sub-section How do I sell or exchange fund shares? – Payment information is deleted and replaced in its entirety by the following:
If your account is held directly with Putnam Investor Services, the fund typically expects to send you payment for your shares the business day after your request is received in good order. If you hold your shares through certain financial intermediaries or financial intermediary programs, receipt of payment for your shares may differ based on industry standard trade settlement practices, as managed by your intermediary. However, it is possible that payment of redemption proceeds, for both accounts held with Putnam Investor Services and those held through a financial intermediary, may take up to seven days. Under unusual circumstances, the fund may suspend redemptions, or postpone payment for more than seven days, as permitted by federal securities law. Under normal market conditions, the fund typically expects to satisfy redemption requests by using holdings of cash and cash equivalents or selling portfolio assets to generate cash. Under stressed market conditions, the fund may also satisfy redemption requests by borrowing under the fund’s lines of credit or interfund lending arrangements. For additional information regarding the fund’s lines of credit and interfund lending arrangements, please see the SAI.
Putnam Dynamic Asset Allocation Balanced Fund | Putnam Minnesota Tax Exempt Income Fund |
Putnam Dynamic Asset Allocation Conservative Fund | Putnam New Jersey Tax Exempt Income Fund |
Putnam Dynamic Asset Allocation Growth Fund | Putnam Ohio Tax Exempt Income Fund |
Putnam Massachusetts Tax Exempt Income Fund | Putnam Pennsylvania Tax Exempt Income Fund |
Effective immediately, for the funds listed above, the first paragraph under the sub-section How do I sell or exchange fund shares? – Payment information is deleted and replaced in its entirety by the following:
If your account is held directly with Putnam Investor Services, a fund typically expects to send you payment for your shares the business day after your request is received in good order. If you hold your shares through certain financial intermediaries or financial intermediary programs, receipt of payment for your shares may differ based on industry standard trade settlement practices, as managed by your intermediary. However, it is possible that payment of redemption proceeds, for both accounts held with Putnam Investor Services and those held through a financial intermediary, may take up to seven days. Under unusual circumstances, a fund may suspend redemptions, or postpone payment for more than seven days, as permitted by federal securities law. Under normal market conditions, a fund typically expects to satisfy redemption requests by using holdings of cash and cash equivalents or selling portfolio assets to generate cash. Under stressed market conditions, a fund may also satisfy redemption requests by borrowing under the fund’s lines of credit or interfund lending arrangements. For additional information regarding a fund’s lines of credit and interfund lending arrangements, please see the SAI.
Putnam Retirement Advantage 2025 Fund | Putnam Sustainable Retirement 2025 Fund |
Putnam Retirement Advantage 2030 Fund | Putnam Sustainable Retirement 2030 Fund |
Putnam Retirement Advantage 2035 Fund | Putnam Sustainable Retirement 2035 Fund |
Putnam Retirement Advantage 2040 Fund | Putnam Sustainable Retirement 2040 Fund |
Putnam Retirement Advantage 2045 Fund | Putnam Sustainable Retirement 2045 Fund |
Putnam Retirement Advantage 2050 Fund | Putnam Sustainable Retirement 2050 Fund |
Putnam Retirement Advantage 2055 Fund | Putnam Sustainable Retirement 2055 Fund |
Putnam Retirement Advantage 2060 Fund | Putnam Sustainable Retirement 2060 Fund |
Putnam Retirement Advantage 2065 Fund | Putnam Sustainable Retirement 2065 Fund |
Putnam Retirement Advantage Maturity Fund | Putnam Sustainable Retirement Maturity Fund |
Effective immediately, for the funds listed above, the first paragraph under the sub-section How do I sell or exchange fund shares? – Payment information is deleted and replaced in its entirety by the following:
If your account is held directly with Putnam Investor Services, a fund typically expects to send you payment for your shares the business day after your request is received in good order. If you hold your shares through certain financial intermediaries or financial intermediary programs, receipt of payment for your shares may differ based on industry standard trade settlement practices, as managed by your intermediary. However, it is possible that payment of redemption proceeds, for both accounts held with Putnam Investor Services and those held through a financial intermediary, may take up to seven days. Under unusual circumstances, a fund may suspend redemptions, or postpone payment for more than seven days, as permitted by federal securities law. Under normal market conditions, a fund typically expects to satisfy redemption requests by using holdings of cash and cash equivalents or selling portfolio assets to generate cash. Under stressed market conditions, a fund may also satisfy redemption requests by borrowing under the fund’s interfund lending arrangements. For additional information regarding a fund’s interfund lending arrangements, please see the SAI.
Putnam Convertible Securities Fund (Class I shares) |
Putnam Government Money Market Fund (Class I shares) |
Putnam Mortgage Opportunities Fund (Class I shares) |
Effective immediately, for the funds listed above, the first paragraph under the sub-section How do I sell fund shares? – Payment information is deleted and replaced in its entirety by the following:
If your account is held directly with Putnam Investor Services, the fund typically expects to send you payment for your shares the business day after your request is received in good order. If you hold your shares through certain financial intermediaries or financial intermediary programs, receipt of payment for your shares may differ based on industry standard trade settlement practices, as managed by your intermediary. However, it is possible that payment of redemption proceeds, for both accounts held with Putnam Investor Services and those held through a financial intermediary, may take up to seven days. Under unusual circumstances, the fund may suspend redemptions, or postpone payment for more than seven days, as permitted by federal securities law. Under normal market conditions, the fund typically expects to satisfy redemption requests by using holdings of cash and cash equivalents or selling portfolio assets to generate cash. Under stressed market conditions, the fund may also satisfy redemption requests by borrowing under the fund’s lines of credit or interfund lending arrangements. For additional information regarding the fund’s lines of credit and interfund lending arrangements, please see the SAI.
Shareholders should retain this Supplement for future reference.
333710 4/23