Prospectus Supplement  June 10, 2013 

In the prospectus for each fund listed below, the sections Fund summary or Fund summaries, How do I sell or exchange fund shares? and Policy on excessive short-term trading are supplemented to reflect that the 1.00% short-term trading fee (also known as a redemption fee) described in the prospectus will no longer apply, effective for shares of the fund purchased on or after June 24, 2013.

Putnam Capital	Putnam High Yield
Opportunities Fund	Advantage Fund
Putnam Capital Spectrum Fund	Putnam High Yield Trust
Putnam Convertible	Putnam International Capital
Securities Fund	Opportunities Fund
Putnam Dynamic Asset	Putnam Small Cap
Allocation Equity Fund	Growth Fund
Putnam Equity Spectrum Fund	Putnam Small Cap Value Fund
Putnam Floating Rate	Putnam Tax-Free
Income Fund	High Yield Fund

282226 6/13