0000928816-13-002063.txt : 20131227 0000928816-13-002063.hdr.sgml : 20131227 20131227143239 ACCESSION NUMBER: 0000928816-13-002063 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131031 FILED AS OF DATE: 20131227 DATE AS OF CHANGE: 20131227 EFFECTIVENESS DATE: 20131227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM VOYAGER FUND CENTRAL INDEX KEY: 0000081280 IRS NUMBER: 046187125 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-01682 FILM NUMBER: 131300567 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM VOYAGER FUND INC /PRED/ DATE OF NAME CHANGE: 19821109 0000081280 S000006573 PUTNAM VOYAGER FUND C000017940 Class A Shares PVOYX C000017941 Class B Shares PVOBX C000017942 Class C Shares PVFCX C000017943 Class M Shares PVOMX C000017944 Class R Shares PVYRX C000017945 Class Y Shares PVYYX C000118076 Class R5 C000118077 Class R6 N-Q 1 a_voyagerfund.htm PUTNAM VOYAGER FUND a_voyagerfund.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY



Investment Company Act file number: (811-01682)
Exact name of registrant as specified in charter: Putnam Voyager Fund
Address of principal executive offices: One Post Office Square, Boston, Massachusetts 02109
Name and address of agent for service: Robert T. Burns, Vice President
One Post Office Square
Boston, Massachusetts 02109
Copy to:         John W. Gerstmayr, Esq.
Ropes & Gray LLP
800 Boylston Street
Boston, Massachusetts 02199-3600
Registrant’s telephone number, including area code: (617) 292-1000
Date of fiscal year end: July 31, 2014
Date of reporting period: October 31, 2013



Item 1. Schedule of Investments:













Putnam Voyager Fund

The fund's portfolio
10/31/13 (Unaudited)
COMMON STOCKS (92.9%)(a)
Shares Value
Aerospace and defense (3.6%)
European Aeronautic Defence and Space Co. (France) 555,523 $38,139,898
Honeywell International, Inc. 257,000 22,289,610
L-3 Communications Holdings, Inc.(S) 65,994 6,629,097
Precision Castparts Corp. 59,700 15,130,965
United Technologies Corp. 586,500 62,315,625
144,505,195
Airlines (1.0%)
Alaska Air Group, Inc. 191,800 13,552,588
Delta Air Lines, Inc.(S) 734,210 19,368,460
Spirit Airlines, Inc.(NON) 176,930 7,634,530
40,555,578
Auto components (1.2%)
Johnson Controls, Inc. 609,349 28,121,456
TRW Automotive Holdings Corp.(NON) 266,247 19,997,812
48,119,268
Automobiles (1.5%)
Fiat SpA (Italy)(NON) 1,253,993 9,855,498
General Motors Co.(NON) 725,900 26,822,005
Tesla Motors, Inc.(NON)(S) 77,600 12,411,344
Toyota Motor Corp. (Japan) 154,300 9,980,148
59,068,995
Beverages (0.6%)
Beam, Inc. 109,600 7,376,080
Brown-Forman Corp. Class B 111,300 8,122,674
Dr. Pepper Snapple Group, Inc. 171,900 8,139,465
23,638,219
Biotechnology (4.9%)
Celgene Corp.(NON) 505,200 75,017,148
Gilead Sciences, Inc.(NON)(S) 1,649,000 117,062,510
Vertex Pharmaceuticals, Inc.(NON) 101,200 7,219,608
199,299,266
Building products (0.2%)
Daikin Industries, Ltd. (Japan) 79,400 4,546,141
Fortune Brands Home & Security, Inc. 99,800 4,299,384
8,845,525
Capital markets (1.3%)
Carlyle Group LP (The) (Partnership shares) 645,200 19,949,584
Charles Schwab Corp. (The) 585,900 13,270,635
KKR & Co. LP 507,559 11,140,920
Morgan Stanley 267,500 7,685,275
52,046,414
Chemicals (3.0%)
Agrium, Inc. (Canada)(S) 92,700 7,909,164
Huntsman Corp. 1,032,518 23,975,068
LyondellBasell Industries NV Class A 102,474 7,644,560
Monsanto Co. 483,300 50,688,504
Solvay SA (Belgium) 105,641 16,532,978
Tronox, Ltd. Class A(S) 689,221 15,914,113
122,664,387
Commercial banks (1.2%)
Banco Espirito Santo SA (Portugal)(NON) 1,616,632 2,134,764
Barclays PLC (United Kingdom) 3,430,062 14,496,143
Credicorp, Ltd. (Peru)(S) 78,600 10,736,760
Grupo Financiero Banorte SAB de CV (Mexico) 1,198,200 7,670,096
Regions Financial Corp. 1,511,050 14,551,412
49,589,175
Commercial services and supplies (0.5%)
ADT Corp. (The)(NON)(S) 131,450 5,700,987
KAR Auction Services, Inc. 245,096 7,284,253
Tyco International, Ltd. 213,700 7,810,735
20,795,975
Communications equipment (3.1%)
Alcatel-Lucent ADR (France)(NON) 3,902,767 14,947,598
Cisco Systems, Inc. 941,247 21,178,058
Polycom, Inc.(NON) 1,541,421 16,030,778
Qualcomm, Inc. 1,025,209 71,221,269
123,377,703
Computers and peripherals (6.5%)
Apple, Inc. 395,021 206,339,217
ASUSTeK Computer, Inc. (Taiwan) 1,007,000 7,712,010
EMC Corp. 1,257,400 30,265,618
SanDisk Corp.(S) 231,900 16,117,050
260,433,895
Construction materials (0.3%)
Buzzi Unicem SpA (Italy) 333,444 5,777,624
Martin Marietta Materials, Inc. 77,900 7,641,211
13,418,835
Consumer finance (0.6%)
Credit Saison Co., Ltd. (Japan) 403,200 10,972,879
Discover Financial Services 235,100 12,196,988
23,169,867
Containers and packaging (0.2%)
MeadWestvaco Corp. 264,100 9,203,885
9,203,885
Diversified consumer services (1.0%)
DeVry, Inc.(S) 295,600 10,612,040
H&R Block, Inc. 433,300 12,323,052
ITT Educational Services, Inc.(NON)(S) 193,100 7,747,172
Outerwall, Inc.(NON)(S) 137,200 8,915,256
39,597,520
Diversified financial services (1.0%)
Citigroup, Inc. 343,900 16,775,442
CME Group, Inc. 318,500 23,635,885
40,411,327
Electrical equipment (0.8%)
Alstom SA (France) 112,862 4,192,003
Eaton Corp PLC 193,800 13,674,528
Schneider Electric SA (France) 64,950 5,461,391
Shanghai Electric Group Co., Ltd. (China) 23,000,000 8,128,466
31,456,388
Electronic equipment, instruments, and components (0.2%)
Hitachi, Ltd. (Japan) 1,187,000 8,269,043
8,269,043
Energy equipment and services (2.5%)
Baker Hughes, Inc. 122,700 7,127,643
Ezion Holdings, Ltd. (Singapore) 6,935,000 12,505,555
Halliburton Co. 460,703 24,431,080
McDermott International, Inc.(NON)(S) 750,000 5,302,500
Petrofac, Ltd. (United Kingdom) 685,016 16,030,628
Schlumberger, Ltd. 387,593 36,325,216
101,722,622
Food and staples retail (0.7%)
CP ALL PCL (Thailand) 11,017,800 13,893,933
CVS Caremark Corp. 217,500 13,541,550
27,435,483
Food products (0.3%)
Mead Johnson Nutrition Co. 144,739 11,819,387
11,819,387
Health-care equipment and supplies (0.8%)
Baxter International, Inc. 333,200 21,947,884
Surgical Care Affiliates, Inc.(NON) 33,639 883,024
Zimmer Holdings, Inc. 93,300 8,160,951
30,991,859
Health-care providers and services (2.0%)
Catamaran Corp.(NON) 690,082 32,406,251
Emeritus Corp.(NON)(S) 564,185 10,809,785
Express Scripts Holding Co.(NON) 619,631 38,739,330
81,955,366
Hotels, restaurants, and leisure (1.9%)
Carnival Corp.(S) 190,800 6,611,220
ClubCorp Holdings, Inc.(NON) 242,981 3,375,006
Las Vegas Sands Corp. 142,500 10,006,350
Penn National Gaming, Inc.(NON)(S) 335,388 19,623,552
Starbucks Corp. 414,800 33,619,540
Thomas Cook Group PLC (United Kingdom)(NON) 1,483,918 3,417,169
76,652,837
Household durables (2.6%)
D.R. Horton, Inc.(S) 1,515,500 28,718,725
Persimmon PLC (United Kingdom) 452,710 9,179,847
PulteGroup, Inc.(S) 2,660,900 46,964,885
Sony Corp. (Japan)(S) 371,100 7,083,847
Whirlpool Corp. 96,800 14,133,768
106,081,072
Industrial conglomerates (0.8%)
Siemens AG (Germany) 240,639 30,796,237
30,796,237
Insurance (3.7%)
American International Group, Inc. 788,400 40,720,860
Assured Guaranty, Ltd. 2,342,347 48,018,114
Genworth Financial, Inc. Class A(NON) 1,205,200 17,511,556
Hartford Financial Services Group, Inc. (The)(S) 938,430 31,625,091
Prudential PLC (United Kingdom) 532,070 10,885,531
148,761,152
Internet and catalog retail (1.2%)
Bigfoot GmbH (acquired 8/2/13, cost $9,275,858) (Private) (Brazil)(F)(RES)(NON) 422 7,110,761
Ctrip.com International, Ltd. ADR (China)(NON) 84,100 4,562,425
Groupon, Inc.(NON) 654,200 5,972,846
Priceline.com, Inc.(NON) 16,397 17,279,651
Zalando GmbH (acquired 9/30/13, cost $15,738,412) (Private) (Germany)(F)(RES)(NON) 351 13,426,498
48,352,181
Internet software and services (9.8%)
Baidu, Inc. ADR (China)(NON) 64,700 10,410,230
Blucora, Inc.(NON) 244,300 5,772,809
eBay, Inc.(NON) 587,255 30,954,211
Facebook, Inc. Class A(NON) 2,756,017 138,517,414
Facebook, Inc. Class B(F)(NON) 115,920 5,826,139
Google, Inc. Class A(NON) 191,966 197,836,320
Yahoo!, Inc.(NON) 231,200 7,613,416
396,930,539
IT Services (2.8%)
MasterCard, Inc. Class A 5,600 4,015,760
Unisys Corp.(NON)(S) 846,496 22,305,170
Visa, Inc. Class A(S) 446,200 87,754,154
114,075,084
Leisure equipment and products (0.7%)
Brunswick Corp.(S) 627,725 28,329,229
28,329,229
Life sciences tools and services (0.6%)
Thermo Fisher Scientific, Inc.(S) 229,400 22,430,732
22,430,732
Machinery (0.3%)
AGCO Corp.(S) 160,900 9,393,342
TriMas Corp.(NON) 97,300 3,683,778
13,077,120
Media (2.4%)
Atresmedia Corporacion de Medios de Comunicacion S.A. (Spain)(S) 132,327 2,216,516
CBS Corp. Class B 675,000 39,919,500
Comcast Corp. Class A 563,035 26,789,205
DISH Network Corp. Class A 201,500 9,712,300
Liberty Global PLC Ser. C (United Kingdom)(NON) 142,100 10,637,606
Time Warner Cable, Inc. 67,700 8,134,155
97,409,282
Metals and mining (0.8%)
Barrick Gold Corp. (Canada) 435,600 8,446,284
Freeport-McMoRan Copper & Gold, Inc. (Indonesia) 177,214 6,514,387
Glencore Xstrata PLC (United Kingdom) 3,276,630 17,753,059
32,713,730
Multiline retail (0.9%)
Macy's, Inc. 614,000 28,311,540
Target Corp.(S) 125,500 8,131,145
36,442,685
Oil, gas, and consumable fuels (3.7%)
Anadarko Petroleum Corp. 221,300 21,087,677
Cairn Energy PLC (United Kingdom)(NON) 2,585,777 11,737,394
Energy Transfer Equity LP 162,600 10,990,134
Gulfport Energy Corp.(NON) 61,900 3,632,911
HRT Participacoes em Petroleo SA (Brazil)(NON) 2,520,246 742,506
Marathon Oil Corp. 941,321 33,190,978
Noble Energy, Inc. 58,300 4,368,419
Occidental Petroleum Corp. 66,900 6,427,752
QEP Resources, Inc. 488,400 16,146,504
Royal Dutch Shell PLC Class A (United Kingdom) 537,060 17,851,381
Suncor Energy, Inc. (Canada)(S) 625,900 22,751,465
148,927,121
Paper and forest products (0.4%)
International Paper Co. 365,300 16,296,033
16,296,033
Personal products (1.1%)
Coty, Inc. Class A(S) 2,755,000 42,371,900
42,371,900
Pharmaceuticals (5.4%)
AbbVie, Inc. 170,200 8,246,190
Actavis PLC(NON)(S) 524,785 81,121,265
Allergan, Inc. 316,800 28,705,248
Auxilium Pharmaceuticals, Inc.(NON)(S) 491,600 8,460,436
Eli Lilly & Co. 381,700 19,016,294
Jazz Pharmaceuticals PLC(NON)(S) 164,551 14,931,358
Sanofi (France) 174,096 18,616,257
Shanghai Fosun Pharmaceutical Group Co., Ltd. (China) 1,666,000 3,769,075
ViroPharma, Inc.(NON)(S) 919,398 35,691,030
218,557,153
Professional services (0.4%)
Nielsen Holdings NV(S) 382,600 15,089,744
TrueBlue, Inc.(NON) 19,465 480,786
15,570,530
Real estate investment trusts (REITs) (0.4%)
American Homes 4 Rent Class A(NON)(R) 234,800 3,634,704
American Tower Corp.(R) 161,000 12,775,350
16,410,054
Real estate management and development (1.3%)
BR Malls Participacoes SA (Brazil) 1,485,000 14,384,653
CBRE Group, Inc. Class A(NON) 918,049 21,326,278
RE/MAX Holdings, Inc. Class A(NON) 522,665 14,739,153
Sun Hung Kai Properties, Ltd. (Hong Kong) 280,000 3,669,289
54,119,373
Semiconductors and semiconductor equipment (4.0%)
Applied Materials, Inc.(S) 958,200 17,103,870
Himax Technologies, Inc. ADR (Taiwan)(S) 563,300 5,458,377
Inotera Memories, Inc. (Taiwan)(NON) 6,979,000 4,501,508
Lam Research Corp.(NON) 539,000 29,229,970
Magnachip Semiconductor Corp. (South Korea)(NON) 709,725 13,264,760
Maxim Integrated Products, Inc. 335,000 9,949,500
Micron Technology, Inc.(NON)(S) 3,637,354 64,308,419
Samsung Electronics Co., Ltd. (South Korea) 12,407 17,135,286
160,951,690
Software (2.7%)
Electronic Arts, Inc.(NON) 813,900 21,364,875
Longtop Financial Technologies Ltd. ADR (Hong Kong)(F)(NON) 478,830 —
Microsoft Corp. 981,200 34,685,420
Oracle Corp. 1,547,189 51,830,832
107,881,127
Specialty retail (2.9%)
Bed Bath & Beyond, Inc.(NON)(S) 79,400 6,139,208
Gap, Inc. (The)(S) 215,300 7,963,947
Home Depot, Inc. (The) 418,700 32,612,543
Lowe's Cos., Inc. 667,083 33,207,392
Office Depot, Inc.(NON)(S) 5,820,876 32,538,697
Sears Hometown and Outlet Stores, Inc.(NON) 209,231 5,829,176
118,290,963
Textiles, apparel, and luxury goods (0.2%)
Tumi Holdings, Inc.(NON)(S) 414,200 8,843,170
8,843,170
Thrifts and mortgage finance (0.4%)
Radian Group, Inc.(S) 960,900 14,000,313
14,000,313
Tobacco (1.6%)
Japan Tobacco, Inc. (Japan) 556,100 20,076,833
Philip Morris International, Inc. 482,069 42,961,989
63,038,822
Trading companies and distributors (0.4%)
Mitsubishi Corp. (Japan) 391,200 7,885,268
WESCO International, Inc.(NON)(S) 74,993 6,408,902
14,294,170
Transportation infrastructure (0.1%)
Beijing Capital International Airport Co., Ltd. (China) 8,360,000 5,898,259
5,898,259
Wireless telecommunication services (0.4%)
SoftBank Corp. (Japan) 210,400 15,620,055
15,620,055
Total common stocks (cost $3,325,163,992) $3,745,513,790

WARRANTS (1.8%)(a)(NON)
Expiration date Strike Price Warrants Value
Bank of America Corp.(W) 10/28/18 $30.79 19,401,439 $13,969,036
Citigroup, Inc. 1/4/19 106.10 12,281,118 7,614,293
Global Mediacom Tbk PT 144A (Indonesia) 10/4/16 0.00 22,345,500 3,786,177
JPMorgan Chase & Co.(W) 10/28/18 42.42 873,488 13,949,603
Matahari Department Store 144A (Indonesia) 3/25/16 0.00 6,135,500 6,694,720
Wells Fargo & Co.(W) 10/28/18 34.01 1,673,125 25,515,156
Total warrants (cost $81,111,882) $71,528,985

PURCHASED OPTIONS OUTSTANDING (1.2%)(a)
Expiration Contract
date/strike price amount Value
Apple, Inc. (Call) Nov-13/$500.00 76,071 $1,702,469
Apple, Inc. (Call) Nov-13/535.00 299,502 39,211
Apple, Inc. (Call) Nov-13/550.00 76,071 380
Apple, Inc. (Call) Nov-13/575.00 567,891 1
Apple, Inc. (Call) Nov-13/585.00 299,502 —
Best Buy Co., Inc. (Call) Nov-13/21.00 447,979 9,766,444
Computer Sciences Corp. (Call) Nov-13/37.00 398,797 4,890,386
DIRECTV (Call) Dec-13/67.50 573,981 393,487
DIRECTV (Call) Dec-13/75.00 2,286,002 276,579
DIRECTV (Call) Dec-13/77.50 573,981 42,479
Facebook, Inc. (Call) Nov-13/60.00 1,987,898 14,333
Facebook, Inc. (Call) Nov-13/62.50 1,364,926 6,715
Facebook, Inc. (Call) Nov-13/55.00 802,012 27,838
Facebook, Inc. (Call) Nov-13/57.50 1,364,926 20,706
Facebook, Inc. (Call) Nov-13/65.00 1,987,898 7,614
Facebook, Inc. (Call) Nov-13/60.00 802,012 5,783
Gilead Sciences, Inc. (Put) Nov-13/51.00 1,704,516 2
Gilead Sciences, Inc. (Put) Nov-13/53.00 1,022,710 1
Hang Seng Index (Call) Dec-13/25,148.13 120,713 691,022
Market Vectors Gold Miners ETF (Call) Dec-13/32.00 3,927,207 483,361
Market Vectors Gold Miners ETF (Call) Dec-13/32.00 3,716,472 457,423
Market Vectors Gold Miners ETF (Call) Dec-13/31.00 2,097,138 321,470
Market Vectors Gold Miners ETF (Call) Dec-13/31.00 1,785,094 273,637
Market Vectors Gold Miners ETF (Call) Dec-13/29.00 2,478,585 188,125
Market Vectors Gold Miners ETF (Call) Dec-13/34.00 3,406,522 159,766
Market Vectors Gold Miners ETF (Call) Dec-13/36.00 3,927,207 88,009
Market Vectors Gold Miners ETF (Call) Dec-13/36.00 3,716,472 83,286
Market Vectors Gold Miners ETF (Call) Dec-13/37.00 3,144,481 64,562
Market Vectors Gold Miners ETF (Call) Dec-13/38.00 3,406,522 52,839
Michael Kors Holdings, Ltd. (Call) Nov-13/50.00 132,100 3,527,070
Micron Technology, Inc. (Call) Apr-14/20.00 1,857,665 2,322,081
Micron Technology, Inc. (Call) Apr-14/22.00 1,186,021 905,994
Micron Technology, Inc. (Call) Apr-14/24.00 1,857,665 854,730
SPDR S&P 500 ETF Trust (Put) Nov-13/168.00 5,400,657 1,108,377
SPDR S&P 500 ETF Trust (Put) Nov-13/170.00 1,022,752 317,708
SPDR S&P 500 ETF Trust (Call) Dec-13/185.00 1,704,711 618,026
SPDR S&P 500 ETF Trust (Put) Nov-13/172.00 5,400,657 2,784,633
SPDR S&P 500 ETF Trust (Put) Nov-13/174.00 2,673,374 2,635,947
SPDR S&P 500 ETF Trust (Put) Nov-13/171.00 5,682,948 2,248,970
SPDR S&P 500 ETF Trust (Put) Nov-13/173.00 2,765,490 2,101,772
SPDR S&P 500 ETF Trust (Put) Nov-13/167.00 5,682,948 966,556
SPDR S&P 500 ETF Trust (Put) Nov-13/170.00 2,673,374 927,661
SPDR S&P 500 ETF Trust (Put) Nov-13/169.00 2,765,490 829,647
SPDR S&P 500 ETF Trust (Put) Nov-13/170.00 4,806,822 583,644
SPDR S&P 500 ETF Trust (Put) Nov-13/172.00 1,705,046 382,936
SPDR S&P 500 ETF Trust (Put) Nov-13/166.00 4,806,822 243,994
SPDR S&P 500 ETF Trust (Put) Nov-13/168.00 1,705,046 138,808
Xerox Corp. (Call) Nov-13/6.00 1,141,493 4,496,957
Total purchased options outstanding (cost $79,967,849) $48,053,439

INVESTMENT COMPANIES (1.1%)(a)
Shares Value
CSOP FTSE China A50 ETF (China)(NON) 9,003,400 $11,125,058
iShares FTSE A50 China Index ETF (China) 9,406,500 11,999,263
Market Vectors Gold Miners ETF 789,373 19,821,156
Total investment companies (cost $43,403,564) $42,945,477

U.S. GOVERNMENT AGENCY OBLIGATIONS (0.5%)(a)
Principal amount Value
Federal Home Loan Mortgage Corporation Pass-Through Certificates 6 1/4s, July 15, 2032(i) $10,749,000 $14,272,630
Federal National Mortgage Association Pass-Through Certificates 3s, February 1, 2027(i) 5,895,334 6,161,037
Total U.S. Government Agency Obligations (cost $20,433,667) $20,433,667

U.S. TREASURY OBLIGATIONS (—%)(a)
Principal amount Value
U.S. Treasury Bonds 3 1/2s, February 15, 2039(i) $426,000 $425,970
Total U.S. treasury Obligations (cost $425,970) $425,970

CONVERTIBLE PREFERRED STOCKS (0.3%)(a)
Shares Value
Unisys Corp. Ser. A, 6.25% cv. pfd. 194,826 $14,015,295
Total convertible preferred stocks (cost $14,190,021) $14,015,295

SHORT-TERM INVESTMENTS (14.1%)(a)
Principal amount/shares Value
U.S. Treasury Bills with effective yields ranging from 0.09% to 0.13%, April 3, 2014(SEGSF) $3,805,000 $3,804,072
U.S. Treasury Bills with an effective yield of 0.12%, May 1, 2014(SEGSF) 469,000 468,811
U.S. Treasury Bills with effective yields ranging from 0.09% to 0.11%, October 16, 2014(SEGSF) 1,367,000 1,365,741
U.S. Treasury Bills with effective yields ranging from 0.07% to 0.09%, August 21, 2014(SEGSF) 5,297,000 5,293,658
Putnam Cash Collateral Pool, LLC 0.15%(d) 436,540,379 436,540,379
Putnam Short Term Investment Fund 0.07%(AFF) 111,600,935 111,600,935
SSgA Prime Money Market Fund 0.02%(P) 6,789,703 6,789,703
U.S. Treasury Bills zero %, September 18, 2014(i) 1,260,000 1,258,992
Total short-term investments (cost $567,121,254) $567,122,291

TOTAL INVESTMENTS
Total investments (cost $4,131,818,199)(b) $4,510,038,914













FORWARD CURRENCY CONTRACTS at 10/31/13 (aggregate face value $307,880,014) (Unaudited)


Unrealized
Contract Delivery Aggregate appreciation/
Counterparty Currency type date Value face value (depreciation)
Credit Suisse International
Euro Sell 12/18/13 $126,816,317 $123,041,112 $(3,775,205)
Japanese Yen Sell 11/20/13 88,077,381 87,193,674 (883,707)
UBS AG
British Pound Sell 12/18/13 100,664,692 97,645,228 (3,019,464)
Total $(7,678,376)












WRITTEN OPTIONS OUTSTANDING at 10/31/13 (premiums $44,239,087) (Unaudited)


Expiration       Contract
date/strike price       amount Value
Apple, Inc. (Call) Nov-13/$525.00        152,142 $261,827
Apple, Inc. (Call) Nov-13/560.00        599,004 1
Apple, Inc. (Call) Nov-13/585.00        567,891 1
DIRECTV (Call) Dec-13/72.50        1,147,962 237,777
DIRECTV (Call) Dec-13/80.00        2,286,002 110,528
Facebook, Inc. (Call) Nov-13/57.50        1,604,024 24,333
Facebook, Inc. (Call) Nov-13/60.00        2,729,852 19,682
Facebook, Inc. (Call) Nov-13/62.50        3,975,796 19,561
Gilead Sciences, Inc. (Put) Nov-13/49.00        1,704,516 2
Gilead Sciences, Inc. (Put) Nov-13/49.00        1,022,710 1
Hang Seng Index (Call) Dec-13/26,062.61        120,713 168,547
Market Vectors Gold Miners ETF (Call) Dec-13/34.00        7,854,414 368,372
Market Vectors Gold Miners ETF (Call) Dec-13/34.00        7,432,944 348,605
Market Vectors Gold Miners ETF (Call) Dec-13/36.00        6,813,044 152,680
Market Vectors Gold Miners ETF (Call) Dec-13/33.00        2,097,138 144,283
Market Vectors Gold Miners ETF (Call) Dec-13/33.00        1,785,094 122,814
Market Vectors Gold Miners ETF (Call) Dec-13/39.00        3,144,481 21,697
Micron Technology, Inc. (Call) Apr-14/22.00        3,715,330 2,838,118
Micron Technology, Inc. (Call) Apr-14/25.00        1,186,021 429,529
SPDR S&P 500 ETF Trust (Call) Dec-13/190.00        1,704,711 172,568
SPDR S&P 500 ETF Trust (Put) Nov-13/170.00        10,801,314 3,355,321
SPDR S&P 500 ETF Trust (Put) Nov-13/172.00        5,346,748 3,117,154
SPDR S&P 500 ETF Trust (Put) Nov-13/169.00        11,365,896 2,846,589
SPDR S&P 500 ETF Trust (Put) Nov-13/171.00        5,530,980 2,544,251
SPDR S&P 500 ETF Trust (Put) Nov-13/168.00        1,022,752 209,899
SPDR S&P 500 ETF Trust (Put) Nov-13/168.00        9,613,644 782,647
SPDR S&P 500 ETF Trust (Put) Nov-13/170.00        3,410,092 399,970
Total $18,696,757













OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING at 10/31/13 (Unaudited)
Upfront     Payments Total return Unrealized
Swap counterparty/ premium     Termination received (paid) by received by appreciation/
Notional amount received (paid)     date fund per annum or paid by fund (depreciation)
Deutsche Bank AG
baskets 410,000 $—      10/20/14 (3 month USD-LIBOR-BBA) A basket (DBVODSTB) of common stocks $(200,162)
baskets 368,169 —      7/28/14 (3 month USD-LIBOR-BBA) A basket (DBPTMATR) of common stocks 5,356
baskets 371,463 —      10/22/14 (3 month USD-LIBOR-BBA plus 1.02%) A basket (DBEMCSTB) of common stocks 194,668
Goldman Sachs International
shares 574,000 —      9/29/14 (1 month USD-LIBOR plus 0.40%) Vodafone Group PLC 200,569
shares 223,450 —      9/29/14 1 month USD-LIBOR minus 0.35% Verizon Communications, Inc. 13,350
shares 893,800 —      9/29/14 (1 month USD-LIBOR plus 0.40%) Vodafone Group PLC 312,315
shares 143,500 —      9/29/14 1 month USD-LIBOR minus 0.35% Verizon Communications, Inc. 8,573
Total $— $534,669










Key to holding's abbreviations
ADR American Depository Receipts: represents ownership of foreign securities on deposit with a custodian bank
ETF Exchange Traded Fund
SPDR S&P Depository Receipts
Notes to the fund's portfolio
Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from August 1, 2013 through October 31, 2013 (the reporting period). Within the following notes to the portfolio, references to “ASC 820” represent Accounting Standards Codification 820 Fair Value Measurements and Disclosures, references to “Putnam Management” represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC and references to “OTC”, if any, represent over-the-counter.
(a) Percentages indicated are based on net assets of $4,032,218,078.
(b) The aggregate identified cost on a tax basis is $4,138,846,991, resulting in gross unrealized appreciation and depreciation of $553,976,590 and $182,784,667, respectively, or net unrealized appreciation of $371,191,923.
(NON) Non-income-producing security.
(RES) Security is restricted with regard to public resale. The total market value of this security and any other restricted securities (excluding 144A securities), if any, held at the close of the reporting period was $20,537,259, or 0.5% of net assets.
(AFF) Affiliated company. The rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with Putnam Short Term Investment Fund, which is under common ownership and control, were as follows:
Name of affiliate Market value at the beginning of the reporting period Purchase cost Sale proceeds Investment income Market value at the end of the reporting period
Putnam Short Term Investment Fund * $121,496,391 $422,495,283 $432,390,739 $16,298 $111,600,935
* Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management.
(SEGSF) This security, in part or in entirety, was pledged and segregated with the custodian for collateral on certain derivative contracts at the close of the reporting period.
(d) Affiliated company. The fund may lend securities, through its agent, to qualified borrowers in order to earn additional income. The loans are collateralized by cash in an amount at least equal to the market value of the securities loaned. The market value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The risk of borrower default will be borne by the fund’s agent; the fund will bear the risk of loss with respect to the investment of the cash collateral. At the close of the reporting period, the value of securities loaned amounted to $420,467,060. Certain of these securities were sold prior to the close of the reporting period.
The fund received cash collateral of $436,540,379, which is invested in Putnam Cash Collateral Pool, LLC, a limited liability company managed by an affiliate of Putnam Management. Investments in Putnam Cash Collateral Pool, LLC are valued at its closing net asset value each business day. There are no management fees charged to Putnam Cash Collateral Pool, LLC. The rate quoted in the security description is the annualized 7-day yield at the close of the reporting period.
(F) Is valued at fair value following procedures approved by the Trustees. Securities may be classified as Level 2 or Level 3 for ASC 820 based on the securities' valuation inputs. At the close of the reporting period, fair value pricing was also used for certain foreign securities in the portfolio.
(i) Security was pledged, or purchased with cash that was pledged, to the fund for collateral on certain derivative contracts.
(P) Security was pledged, or purchased with cash that was pledged, to the fund for collateral on certain derivatives contracts. The rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period.
(R) Real Estate Investment Trust.
(S) Security on loan, in part or in entirety, at the close of the reporting period.
At the close of the reporting period, the fund maintained liquid assets totaling $2,173,878,405 to cover certain derivatives contracts.
Debt obligations are considered secured unless otherwise indicated.
144A after the name of an issuer represents securities exempt from registration under Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.
The dates shown on debt obligations are the original maturity dates.
Security valuation: Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security.
Investments in open-end investment companies (excluding exchange traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares.
Market quotations are not considered to be readily available for certain debt obligations and other investments; such investments are valued on the basis of valuations furnished by an independent pricing service approved by the Trustees or dealers selected by Putnam Management. Such services or dealers determine valuations for normal institutional-size trading units of such securities using methods based on market transactions for comparable securities and various relationships, generally recognized by institutional traders, between securities (which consider such factors as security prices, yields, maturities and ratings). These securities will generally be categorized as Level 2.
Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange and therefore the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the close of the New York Stock Exchange. Accordingly, on certain days, the fund will fair value foreign equity securities taking into account multiple factors including movements in the U.S. securities markets, currency valuations and comparisons to the valuation of American Depository Receipts, exchange-traded funds and futures contracts. These securities, which would generally be classified as Level 1 securities, will be transferred to Level 2 of the fair value hierarchy when they are valued at fair value. The number of days on which fair value prices will be used will depend on market activity and it is possible that fair value prices will be used by the fund to a significant extent. At the close of the reporting period, fair value pricing was used for certain foreign securities in the portfolio. Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate.
To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management in accordance with policies and procedures approved by the Trustees. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures and recovery rates. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs.
Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount.
Options contracts: The fund used options contracts to hedge against changes in values of securities it owns, owned or expects to own.
The potential risk to the fund is that the change in value of options contracts may not correspond to the change in value of the hedged instruments. In addition, losses may arise from changes in the value of the underlying instruments if there is an illiquid secondary market for the contracts, if interest or exchange rates move unexpectedly or if the counterparty to the contract is unable to perform. Realized gains and losses on purchased options are included in realized gains and losses on investment securities. If a written call option is exercised, the premium originally received is recorded as an addition to sales proceeds. If a written put option is exercised, the premium originally received is recorded as a reduction to the cost of investments.
Exchange traded options are valued at the last sale price or, if no sales are reported, the last bid price for purchased options and the last ask price for written options. OTC traded options are valued using prices supplied by dealers. Forward premium swap options contracts include premiums that do not settle until the expiration date of the contract. The delayed settlement of the premiums are factored into the daily valuation of the option contracts.
For the fund's average contract amount on options contracts, see the appropriate table at the end of these footnotes.
Forward currency contracts: The fund buys and sells forward currency contracts, which are agreements between two parties to buy and sell currencies at a set price on a future date. These contracts were used to hedge foreign exchange risk.
The U.S. dollar value of forward currency contracts is determined using current forward currency exchange rates supplied by a quotation service. The market value of the contract will fluctuate with changes in currency exchange rates. The contract is marked to market daily and the change in market value is recorded as an unrealized gain or loss. The fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed when the contract matures or by delivery of the currency. The fund could be exposed to risk if the value of the currency changes unfavorably, if the counterparties to the contracts are unable to meet the terms of their contracts or if the fund is unable to enter into a closing position.
For the fund's average contract amount on forward currency contracts, see the appropriate table at the end of these footnotes.
Total return swap contracts: The fund entered into OTC total return swap contracts, which are arrangements to exchange a market linked return for a periodic payment, both based on a notional principal amount, to gain exposure to specific sectors or industries.
To the extent that the total return of the security, index or other financial measure underlying the transaction exceeds or falls short of the offsetting interest rate obligation, the fund will receive a payment from or make a payment to the counterparty. OTC total return swap contracts are marked to market daily based upon quotations from an independent pricing service or market makers and the change, if any, is recorded as an unrealized gain or loss. Payments received or made are recorded as realized gains or losses. Certain OTC total return swap contracts may include extended effective dates. Payments related to these swap contracts are accrued based on the terms of the contract. The fund could be exposed to credit or market risk due to unfavorable changes in the fluctuation of interest rates or in the price of the underlying security or index, the possibility that there is no liquid market for these agreements or that the counterparty may default on its obligation to perform. The fund’s maximum risk of loss from counterparty risk is the fair value of the contract. This risk may be mitigated by having a master netting arrangement between the fund and the counterparty.
For the fund's average notional amount on OTC total return swap contracts, see the appropriate table at the end of these footnotes.
Master agreements: The fund is a party to ISDA (International Swaps and Derivatives Association, Inc.) Master Agreements (Master Agreements) with certain counterparties that govern OTC derivative and foreign exchange contracts entered into from time to time. The Master Agreements may contain provisions regarding, among other things, the parties’ general obligations, representations, agreements, collateral requirements, events of default and early termination. With respect to certain counterparties, in accordance with the terms of the Master Agreements, collateral posted to the fund is held in a segregated account by the fund’s custodian and with respect to those amounts which can be sold or repledged, are presented in the fund’s portfolio. Collateral posted to the fund which cannot be sold or repledged totaled $1,024,967 at the close of the reporting period.
Collateral pledged by the fund is segregated by the fund’s custodian and identified in the fund’s portfolio. Collateral can be in the form of cash or debt securities issued by the U.S. Government or related agencies or other securities as agreed to by the fund and the applicable counterparty. Collateral requirements are determined based on the fund’s net position with each counterparty.
Termination events applicable to the fund may occur upon a decline in the fund’s net assets below a specified threshold over a certain period of time. Termination events applicable to counterparties may occur upon a decline in the counterparty’s long-term and short-term credit ratings below a specified level. In each case, upon occurrence, the other party may elect to terminate early and cause settlement of all derivative and foreign exchange contracts outstanding, including the payment of any losses and costs resulting from such early termination, as reasonably determined by the terminating party. Any decision by one or more of the fund’s counterparties to elect early termination could impact the fund's future derivative activity.
At the close of the reporting period, the fund had a net liability position of $5,529,471 on open derivative contracts subject to the Master Agreements. Collateral posted by the fund for these agreements totaled $8,422,133.












ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund’s investments. The three levels are defined as follows:
Level 1: Valuations based on quoted prices for identical securities in active markets.
Level 2: Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.
Level 3: Valuations based on inputs that are unobservable and significant to the fair value measurement.
The following is a summary of the inputs used to value the fund’s net assets as of the close of the reporting period:

 Valuation inputs
Investments in securities: Level 1 Level 2 Level 3
Common stocks *:
    Consumer discretionary $621,980,913 $24,669,030 $20,537,259
    Consumer staples 168,303,811 — —
    Energy 205,030,340 45,619,403 —
    Financials 370,991,237 27,516,438 —
    Health care 534,618,119 18,616,257 —
    Industrials 247,205,448 78,589,529 —
    Information technology 1,166,092,942 5,826,139 —
    Materials 154,233,209 40,063,661 —
    Telecommunication services 15,620,055 — —
Total common stocks 3,484,076,074 240,900,457 20,537,259
Convertible preferred stocks — 14,015,295 —
Investment companies 42,945,477 — —
Purchased options outstanding 3,527,070 44,526,369 —
U.S. government agency obligations — 20,433,667 —
U.S. treasury obligations — 425,970 —
Warrants 61,048,088 10,480,897 —
Short-term investments 118,390,638 448,731,653 —
Totals by level $3,709,987,347 $779,514,308 $20,537,259



Valuation inputs
Other financial instruments: Level 1 Level 2 Level 3
Forward currency contracts $— $(7,678,376) $—
Written options outstanding — (18,696,757) —
Total return swap contracts — 534,669 —
Totals by level $— $(25,840,464) $—


* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation.
At the start and close of the reporting period, Level 3 investments in securities were not considered a significant portion of the fund's portfolio.
Market Values of Derivative Instruments as of the close of the reporting period
Asset derivatives Liability derivatives
Derivatives not accounted for as hedging instruments under ASC 815 Market value Market value
Foreign exchange contracts $— $7,678,376
Equity contracts 120,317,255 18,896,919
Total $120,317,255 $26,575,295


The average volume of activity for the reporting period for any derivative type that was held at the close of the period is listed below and was as follows:
Purchased equity option contracts (contract amount)97,000,000
Written equity option contracts (contract amount)91,200,000
Forward currency contracts (contract amount)$313,700,000
OTC total return swap contracts (notional)$112,300,000
Warrants (number of warrants)58,300,000

For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com



Item 2. Controls and Procedures:
(a) The registrant’s principal executive officer and principal financial officer have concluded, based on their evaluation of the effectiveness of the design and operation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the design and operation of such procedures are generally effective to provide reasonable assurance that information required to be disclosed by the registrant in this report is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms.

(b) Changes in internal control over financial reporting: Not applicable
Item 3. Exhibits:
Separate certifications for the principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are filed herewith.

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Putnam Voyager Fund
By (Signature and Title):
/s/ Janet C. Smith
Janet C. Smith
Principal Accounting Officer
Date: December 27, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title):
/s/ Jonathan S. Horwitz
Jonathan S. Horwitz
Principal Executive Officer
Date: December 27, 2013

By (Signature and Title):
/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: December 27, 2013

EX-99.CERT 2 b_007certifications.htm EX-99.CERT b_007certifications.htm

Certifications

I, Jonathan S. Horwitz, the Principal Executive Officer of the funds listed on Attachment A, certify that:

1. I have reviewed each report on Form N-Q of the funds listed on Attachment A:

2. Based on my knowledge, each report does not contain any untrue statements of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by each report;

3. Based on my knowledge, the schedules of investments included in each report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrants and have:


a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which each report is being prepared;


b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and


d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed to each registrant’s auditors and the audit committee of each registrant’s board of directors (or persons performing the equivalent functions):


a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect each registrant’s ability to record, process, summarize, and report financial information; and


b) any fraud, whether or not material, that involves management or other employees who have a significant role in each registrant’s internal control over financial reporting.

/s/ Jonathan S. Horwitz
_____________________________

Date: December 27, 2013
Jonathan S. Horwitz
Principal Executive Officer













Certifications

I, Steven D. Krichmar, the Principal Financial Officer of the funds listed on Attachment A, certify that:

1. I have reviewed each report on Form N-Q of the funds listed on Attachment A:

2. Based on my knowledge, each report does not contain any untrue statements of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by each report;

3. Based on my knowledge, the schedules of investments included in each report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrants and have:


a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which each report is being prepared;


b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and


d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed to each registrant’s auditors and the audit committee of each registrant’s board of directors (or persons performing the equivalent functions):


a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect each registrant’s ability to record, process, summarize, and report financial information; and


b) any fraud, whether or not material, that involves management or other employees who have a significant role in each registrant’s internal control over financial reporting.

/s/ Steven D. Krichmar
_______________________________

Date: December 27, 2013
Steven D. Krichmar
Principal Financial Officer














Attachment A

Period (s) ended October 31, 2013
Putnam Premier Income Trust
Putnam Research Fund
Putnam Investors Fund
Putnam Voyager Fund
Putnam Tax Free High Yield Fund
Putnam AMT-Free Insured Municipal Fund
Putnam Growth Opportunities Fund
The George Putnam Fund of Boston (d/b/a/ George Putnam Balanced Fund)
Putnam Short Duration Income Fund
Putnam Short Term Investment Fund
Putnam Strategic Volatility Equity Fund
Putnam Low Volatility Equity Fund

Putnam RetirementReady — Funds:
Putnam RetirementReady — 2055
Putnam RetirementReady — 2050
Putnam RetirementReady — 2045
Putnam RetirementReady — 2040
Putnam RetirementReady — 2035
Putnam RetirementReady — 2030
Putnam RetirementReady — 2025
Putnam RetirementReady — 2020
Putnam RetirementReady — 2015
Putnam Retirement Income Fund Lifestyle 1