Statement of Additional Information Supplement | August 27, 2021 |
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION FOR | |
EACH OF PUTNAM ULTRA SHORT DURATION INCOME FUND, PUTNAM | |
GOVERNMENT MONEY MARKET FUND, AND PUTNAM MONEY MARKET | |
FUND |
Effective immediately, the following replaces similar disclosure in the sub-section “Class B shares:” in the section “DISTRUBITION PLANS”:
Class B shares:
Putnam Retail Management makes quarterly (or in certain cases monthly) payments to dealers at the annual rates set forth below (as a percentage of the average net asset value of class B shares for which such dealers are designated the dealer of record).
Rate | Fund |
0.25% | All funds currently making payments under a class B |
distribution plan, except for those listed below | |
0.25%, except that the first years’ service fees of | Putnam Strategic Intermediate Municipal Fund |
0.25% are prepaid at time of sale | Putnam Tax-Free High Yield Fund |
0.20%, except that the first years’ service fees of | Putnam California Tax Exempt Income Fund |
0.20% are prepaid at time of sale | Putnam Massachusetts Tax Exempt Income Fund |
Putnam Minnesota Tax Exempt Income Fund | |
Putnam New Jersey Tax Exempt Income Fund | |
Putnam New York Tax Exempt Income Fund | |
Putnam Ohio Tax Exempt Income Fund | |
Putnam Pennsylvania Tax Exempt Income Fund | |
Putnam Tax Exempt Income Fund | |
0.00% | Putnam Government Money Market Fund |
Putnam Money Market Fund | |
Putnam Ultra Short Duration Income Fund |
Multi-Fund SAI supplement – 08/21 |