Statement of Additional Information Supplement | January 19, 2018 |
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Putnam Multi-Cap Growth Fund
Statement of Additional Information dated October 30, 2017
The sub-sections Other accounts managed and Ownership of securities in the PORTFOLIO MANAGERS section are supplemented to reflect that the fund’s portfolio managers are now Katherine Collins and R. Shepherd Perkins. These sub-sections are also supplemented with regards solely to Ms. Collins and Mr. Perkins as follows:
Other accounts managed
The following table shows the number and approximate assets of other investment accounts (or portions of investment accounts) that the fund’s portfolio managers managed as of December 31, 2017. The other accounts may include accounts for which these individuals were not designated as a portfolio manager. Unless noted, none of the other accounts pays a fee based on the account's performance.
Other accounts (including | ||||||
separate accounts, | ||||||
Other accounts that pool | managed account | |||||
Portfolio managers | Other SEC-registered | assets from more than one | programs and single- | |||
open-end and closed-end | client | sponsor defined | ||||
funds | contribution plan | |||||
offerings) | ||||||
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Number | Number | Number | ||||
of | of | of | ||||
accounts | Assets | accounts | Assets | accounts | Assets | |
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Katherine Collins | 2 | $461,400,000 | 2 | $400,000 | 1 | $7,100,000 |
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R. Shepherd Perkins | 2* | $1,024,600,000 | 3 | $302,600,000 | 2 | $269,100,000 |
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* 1 account, with total assets of $824,200,000, pays an advisory fee based on account performance.
Ownership of securities
As of December 31, 2017, the portfolio managers of the fund owned no shares of the fund, including investments by immediate family members and amounts invested through retirement and deferred compensation plans.
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