0000928816-24-000002.txt : 20240102 0000928816-24-000002.hdr.sgml : 20240102 20240102080741 ACCESSION NUMBER: 0000928816-24-000002 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240102 DATE AS OF CHANGE: 20240102 EFFECTIVENESS DATE: 20240102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GEORGE PUTNAM BALANCED FUND CENTRAL INDEX KEY: 0000081259 ORGANIZATION NAME: IRS NUMBER: 046013677 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-10816 FILM NUMBER: 24500313 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6177601000 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: GEORGE PUTNAM FUND OF BOSTON DATE OF NAME CHANGE: 19940302 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM EQUITY INCOME FUND/NEW DATE OF NAME CHANGE: 19940302 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM GEORGE FUND OF BOSTON DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Putnam ETF Trust CENTRAL INDEX KEY: 0001845809 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-253222 FILM NUMBER: 24500302 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 6177601060 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM FOCUSED INTERNATIONAL EQUITY FUND CENTRAL INDEX KEY: 0000081251 ORGANIZATION NAME: IRS NUMBER: 046145734 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-25258 FILM NUMBER: 24500311 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6177601000 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM GLOBAL EQUITY FUND DATE OF NAME CHANGE: 20030707 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM GLOBAL GROWTH FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INTERNATIONAL EQUITIES FUND DATE OF NAME CHANGE: 19900722 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM INCOME FUND CENTRAL INDEX KEY: 0000081264 ORGANIZATION NAME: IRS NUMBER: 046013712 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-11147 FILM NUMBER: 24500308 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INCOME FUND INC/PRED/ DATE OF NAME CHANGE: 19821109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM LARGE CAP VALUE FUND CENTRAL INDEX KEY: 0000216934 ORGANIZATION NAME: IRS NUMBER: 046407893 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-58869 FILM NUMBER: 24500306 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM EQUITY INCOME FUND DATE OF NAME CHANGE: 20190212 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM EQUITY INCOME FUND/NEW/ DATE OF NAME CHANGE: 19940302 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM STRATEGIC INCOME TRUST DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM GLOBAL HEALTH CARE FUND CENTRAL INDEX KEY: 0000357295 ORGANIZATION NAME: IRS NUMBER: 046471950 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-75863 FILM NUMBER: 24500310 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6177601000 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM HEALTH SCIENCES TRUST DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM HIGH YIELD FUND CENTRAL INDEX KEY: 0000787836 ORGANIZATION NAME: IRS NUMBER: 066290063 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-02710 FILM NUMBER: 24500309 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM HIGH YIELD ADVANTAGE FUND DATE OF NAME CHANGE: 19920716 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM HIGH YIELD TRUST II DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM VARIABLE TRUST CENTRAL INDEX KEY: 0000822671 ORGANIZATION NAME: IRS NUMBER: 046649095 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-17486 FILM NUMBER: 24500315 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM CAPITAL MANAGER TRUST /MA/ DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM SUSTAINABLE LEADERS FUND CENTRAL INDEX KEY: 0000865177 ORGANIZATION NAME: IRS NUMBER: 043091455 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-35576 FILM NUMBER: 24500304 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM MULTI-CAP GROWTH FUND DATE OF NAME CHANGE: 20101004 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM NEW OPPORTUNITIES FUND DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM INTERNATIONAL EQUITY FUND CENTRAL INDEX KEY: 0000868648 ORGANIZATION NAME: IRS NUMBER: 046661045 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-37214 FILM NUMBER: 24500307 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INTERNATIONAL EQUITY FUND /MA/ DATE OF NAME CHANGE: 20030430 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INTERNATIONAL GROWTH FUND /MA/ DATE OF NAME CHANGE: 19960805 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM OVERSEAS GROWTH FUND DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM ASSET ALLOCATION FUNDS CENTRAL INDEX KEY: 0000914209 ORGANIZATION NAME: IRS NUMBER: 046746612 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-51017 FILM NUMBER: 24500303 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6177601000 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM LIFE STAGES ASSET ALLOCATION TRUST DATE OF NAME CHANGE: 19931027 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM INVESTMENT FUNDS CENTRAL INDEX KEY: 0000932101 ORGANIZATION NAME: IRS NUMBER: 043251560 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-56339 FILM NUMBER: 24500316 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM EQUITY FUNDS DATE OF NAME CHANGE: 19941028 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM FUNDS TRUST CENTRAL INDEX KEY: 0001005942 ORGANIZATION NAME: IRS NUMBER: 043299786 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-00515 FILM NUMBER: 24500317 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6177601000 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Putnam Target Date Funds CENTRAL INDEX KEY: 0001295293 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-117134 FILM NUMBER: 24500314 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: Putnam RetirementReady Funds DATE OF NAME CHANGE: 20040624 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM CONVERTIBLE SECURITIES FUND CENTRAL INDEX KEY: 0000081247 ORGANIZATION NAME: IRS NUMBER: 042493360 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-43384 FILM NUMBER: 24500312 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6177601000 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM CONVERTIBLE INCOME GROWTH TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM CONVERTIBLE FUND DATE OF NAME CHANGE: 19841212 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM CONVERTIBLE FUND INC /PRED/ DATE OF NAME CHANGE: 19821109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM MONEY MARKET FUND CENTRAL INDEX KEY: 0000081248 ORGANIZATION NAME: IRS NUMBER: 046386436 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-55091 FILM NUMBER: 24500305 BUSINESS ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6172921000 MAIL ADDRESS: STREET 1: 100 FEDERAL STREET CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM DAILY DIVIDEND TRUST DATE OF NAME CHANGE: 19920703 0000081247 S000005511 PUTNAM CONVERTIBLE SECURITIES FUND C000015003 Class C Shares C000015004 Class A Shares PCONX C000015005 Class B Shares PCNBX C000015007 Class R Shares PCVRX C000015008 Class Y Shares PCGYX C000153039 CLASS I C000202780 Class R6 Shares 0000081248 S000006251 PUTNAM MONEY MARKET FUND C000017192 Class A Shares PDDXX C000017193 Class B Shares PTBXX C000017194 Class C Shares PFCXX C000017196 Class R Shares PURXX 0000081251 S000005651 PUTNAM FOCUSED INTERNATIONAL EQUITY FUND C000015432 Class A Shares PEQUX C000015433 Class B Shares PEQBX C000015434 Class C Shares PUGCX C000015436 Class R Shares PGLRX C000015437 Class Y Shares PEQYX C000117974 Class R6 0000081259 S000005597 GEORGE PUTNAM FUND OF BOSTON C000015264 Class A Shares PGEOX C000015265 Class B Shares PGEBX C000015266 Class C Shares PGPCX C000015267 Class M Shares PGEMX C000015268 Class R Shares PGPRX C000015269 Class Y Shares PGEYX C000136854 Class R5 C000136855 Class R6 0000081264 S000006155 PUTNAM INCOME FUND C000016962 Class A Shares PINCX C000016963 Class B Shares PNCBX C000016964 Class C Shares PUICX C000016965 Class M Shares PNCMX C000016966 Class R Shares PIFRX C000016967 Class Y Shares PNCYX C000118063 Class R5 C000118064 Class R6 0000216934 S000005581 PUTNAM LARGE CAP VALUE FUND C000015218 Class A Shares PEYAX C000015219 Class B Shares PEQNX C000015220 Class C Shares PEQCX C000015222 Class R Shares PEQRX C000015223 Class Y Shares PEIYX C000118171 Class R5 C000118172 Class R6 0000357295 S000005666 PUTNAM GLOBAL HEALTH CARE FUND C000015515 Class A Shares PHSTX C000015516 Class B Shares PHSBX C000015517 Class C Shares PCHSX C000015519 Class R Shares PHSRX C000015520 Class Y Shares PHSYX C000221197 Class R6 Shares 0000787836 S000005762 PUTNAM HIGH YIELD FUND C000015835 Class Y Shares C000015836 Class A Shares PHYIX C000015837 Class B Shares PHYBX C000015838 Class M Shares PHYMX C000049232 Class C C000049233 Class R C000202776 Class R6 Shares 0000822671 S000003871 Putnam VT Mortgage Securities Fund C000010837 Class IA Shares C000010838 Class IB shares 0000822671 S000003873 Putnam VT Large Cap Growth Fund C000010841 Class IA Shares C000010842 Class IB Shares 0000822671 S000003874 Putnam VT Global Health Care Fund C000010843 Class IA Shares C000010844 Class IB Shares 0000822671 S000003875 Putnam VT High Yield Fund C000010845 Class IA Shares C000010846 Class IB Shares 0000822671 S000003876 Putnam VT Income Fund C000010847 Class IA Shares C000010848 Class IB Shares 0000822671 S000003877 Putnam VT International Equity Fund C000010849 Class IA Shares C000010850 Class IB Shares 0000822671 S000003878 Putnam VT International Value Fund C000010851 Class IA Shares C000010852 Class IB Shares 0000822671 S000003879 Putnam VT Emerging Markets Equity Fund C000010853 Class IA Shares C000010854 Class IB Shares 0000822671 S000003880 Putnam VT Core Equity Fund C000010855 Class IA Shares C000010856 Class IB Shares 0000822671 S000003881 Putnam VT Sustainable Future Fund C000010857 Class IA Shares C000010858 Class IB Shares 0000822671 S000003882 Putnam VT Government Money Market Fund C000010859 Class IA Shares C000010860 Class IB Shares 0000822671 S000003883 Putnam VT Small Cap Growth Fund C000010861 Class IA Shares C000010862 Class IB Shares 0000822671 S000003884 Putnam VT Sustainable Leaders Fund C000010863 Class IA Shares C000010864 Class IB Shares 0000822671 S000003887 Putnam VT Research Fund C000010869 Class IA Shares C000010870 Class IB Shares 0000822671 S000003888 Putnam VT Small Cap Value Fund C000010871 Class IA Shares C000010872 Class IB Shares 0000822671 S000003893 Putnam VT Diversified Income Fund C000010881 Class IA Shares C000010882 Class IB Shares 0000822671 S000003894 Putnam VT Large Cap Value Fund C000010883 Class IA Shares C000010884 Class IB Shares 0000822671 S000003895 Putnam VT George Putnam Balanced Fund C000010885 Class IA Shares C000010886 Class IB Shares 0000822671 S000003896 Putnam VT Global Asset Allocation Fund C000010887 Class IA Shares C000010888 Class IB Shares 0000822671 S000003897 Putnam VT Focused International Equity Fund C000010889 Class IA Shares C000010890 Class IB Shares 0000865177 S000006295 PUTNAM SUSTAINABLE LEADERS FUND C000017306 Class A Shares PNOPX C000017307 Class B Shares PNOBX C000017308 Class C Shares PNOCX C000017310 Class R Shares PNORX C000017311 Class Y Shares PNOYX C000202804 Class R6 Shares 0000868648 S000006181 PUTNAM INTERNATIONAL EQUITY FUND /MA/ C000017024 Class A Shares POVSX C000017025 Class B Shares POVBX C000017026 Class C Shares PIGCX C000017028 Class R Shares PIERX C000017029 Class Y Shares POVYX C000118015 Class R5 C000118016 Class R6 0000914209 S000000778 Putnam Dynamic Asset Allocation Balanced Fund C000002307 Class A shares PABAX C000002308 Class B shares PABBX C000002309 Class C shares AABCX C000002311 Class R shares PAARX C000002312 Class Y shares PABYX C000117945 Class R5 C000117946 Class R6 C000174661 Class P Shares 0000914209 S000000780 Putnam Dynamic Asset Allocation Growth Fund C000002319 Class A shares PAEAX C000002320 Class B shares PAEBX C000002321 Class C shares PAECX C000002323 Class R shares PASRX C000002324 Class Y shares PAGYX C000117949 Class R5 C000117950 Class R6 C000174663 Class P Shares 0000914209 S000067964 Putnam Multi-Asset Income Fund C000217944 Class P Shares C000236748 Class Y Shares PMIYX C000236749 Class R6 Shares PMIVX C000236750 Class A Shares PMIAX C000236751 Class R Shares PMIRX C000236752 Class C Shares PMICX C000236753 Class R5 Shares 0000932101 S000003848 Putnam Large Cap Growth Fund C000010751 Class A Shares POGAX C000010752 Class B Shares POGBX C000010753 Class C Shares POGCX C000010755 Class R Shares PGORX C000010756 Class Y Shares PGOYX C000118093 Class R5 C000118094 Class R6 0000932101 S000003850 Putnam International Capital Opportunities Fund C000010763 Class A Shares PNVAX C000010764 Class B Shares PVNBX C000010765 Class C Shares PUVCX C000010767 Class R Shares PICRX C000010768 Class Y Shares PIVYX C000202882 Class R6 Shares 0000932101 S000003851 Putnam Sustainable Future Fund C000010770 Class A Shares PMVAX C000010771 Class B shares PMVBX C000010772 Class C Shares PMPCX C000010773 Class R Shares PMVRX C000010774 Class Y Shares PMVYX C000202883 Class R6 Shares 0000932101 S000003853 Putnam Research Fund C000010781 Class A Shares PNRAX C000010782 Class B Shares PRFBX C000010783 Class C Shares PRACX C000010785 Class R Shares PRSRX C000010786 Class Y Shares PURYX C000158892 Class R6 Shares 0000932101 S000003854 Putnam Small Cap Value Fund C000010787 Class A Shares PSLAX C000010788 Class B Shares PSLBX C000010789 Class C Shares PSLCX C000010791 Class Y Shares PYSVX C000049250 CLASS R C000135941 Class R6 0000932101 S000052894 Putnam Government Money Market Fund C000166400 Class A Shares C000166401 Class B Shares C000166402 Class C Shares C000166403 Class G Shares C000166404 Class I Shares C000166406 Class P Shares C000166407 Class R Shares 0001005942 S000023000 PUTNAM EMERGING MARKETS EQUITY FUND C000066853 CLASS A C000066854 CLASS B C000066855 CLASS C C000066857 CLASS R C000066858 CLASS Y C000203063 Class R6 Shares 0001005942 S000024760 Putnam Dynamic Asset Allocation Equity Fund C000073568 Class A C000170451 Class P Shares 0001005942 S000029796 PUTNAM CORE EQUITY FUND C000091525 CLASS A C000091526 CLASS B C000091527 CLASS C C000091529 CLASS R C000091530 CLASS Y C000203066 Class R6 Shares 0001005942 S000034192 Putnam Ultra Short Duration Income Fund C000105375 Class A C000105377 Class C C000105379 Class R C000105380 Class Y C000118012 Class R6 C000207666 Class N Shares 0001005942 S000039730 Putnam Short Term Investment Fund C000123084 Class P C000219759 Class G Shares 0001005942 S000048370 PUTNAM MORTGAGE OPPORTUNITIES FUND C000152757 CLASS I C000213253 Class Y Shares C000213254 Class A Shares C000213255 Class C Shares C000219743 Class R6 Shares 0001005942 S000080127 Putnam Ultra Short MAC Series C000241800 - 0001295293 S000003996 Putnam Sustainable Retirement Maturity Fund C000011147 Class A Shares C000011148 Class B Shares C000011149 Class C Shares C000011151 Class R Shares C000011152 Class Y Shares C000174675 Class R6 Shares C000222434 Class R3 Shares C000222435 Class R4 Shares C000222436 Class R5 Shares 0001295293 S000067466 Putnam Retirement Advantage 2030 Fund C000216910 Class C Shares PDLKX C000216911 Class R Shares PDKAX C000216912 Class R6 Shares PDIZX C000216913 Class Y Shares PDGKX C000216914 Class A Shares PDLTX C000221984 Class R5 Shares PAFVX C000221985 Class R3 Shares PAFOX C000221986 Class R4 Shares PAFQX 0001295293 S000067467 Putnam Retirement Advantage 2035 Fund C000216916 Class A Shares PDFLX C000216917 Class C Shares PDAWX C000216918 Class R Shares PDAKX C000216919 Class R6 Shares PCDLX C000216920 Class Y Shares POWYX C000221987 Class R3 Shares PAFWX C000221988 Class R4 Shares PAFUX C000221989 Class R5 Shares PAFYX 0001295293 S000070572 Putnam Retirement Advantage 2065 Fund C000224154 Class Y PCKEX C000224155 Class R6 PCKJX C000224156 Class R5 PCKIX C000224157 Class R4 PCKHX C000224158 Class A PCJZX C000224159 Class R PCKFX C000224160 Class C PCKBX C000224162 Class R3 PCKGX 0001295293 S000070577 Putnam Sustainable Retirement 2065 Fund C000224205 Class Y PCJSX C000224206 Class R6 PCJYX C000224207 Class R5 PCJIX C000224208 Class R4 PCJWX C000224209 Class A PCJQX C000224210 Class R PCJUX C000224211 Class C PCJRX C000224213 Class R3 PCJVX 0001845809 S000071709 Putnam Focused Large Cap Growth ETF C000227195 - 0001845809 S000071711 Putnam Sustainable Future ETF C000227197 - 0001845809 S000071712 Putnam Sustainable Leaders ETF C000227198 - 0001845809 S000077137 Putnam BDC Income ETF C000237307 - 0001845809 S000077138 Putnam BioRevolution ETF C000237308 - 0001845809 S000077139 Putnam Emerging Markets ex-China ETF C000237309 - 0001845809 S000077297 Putnam ESG Core Bond ETF C000237594 - 0001845809 S000077298 Putnam ESG High Yield ETF C000237595 - 0001845809 S000077299 Putnam ESG Ultra Short ETF C000237596 - 497 1 a_multisupp335640.htm PUTNAM FUNDS

Prospectus and

Statement of Additional Information Supplement  

 January 1, 2024

 

George Putnam Balanced Fund

Putnam BDC Income ETF

Putnam BioRevolution ETF

Putnam Convertible Securities Fund

Putnam Core Equity Fund

Putnam Dynamic Asset Allocation Balanced Fund

Putnam Dynamic Asset Allocation Equity Fund

Putnam Dynamic Asset Allocation Growth Fund

Putnam Emerging Markets Equity Fund

Putnam Emerging Markets ex-China ETF

Putnam ESG Core Bond ETF

Putnam ESG High Yield ETF

Putnam ESG Ultra Short ETF

Putnam Focused International Equity Fund

Putnam Focused Large Cap Growth ETF

Putnam Global Health Care Fund

Putnam Government Money Market Fund

Putnam High Yield Fund

Putnam Income Fund

Putnam International Capital Opportunities Fund

Putnam International Equity Fund

Putnam Large Cap Growth Fund

Putnam Large Cap Value Fund

Putnam Money Market Fund

Putnam Mortgage Opportunities Fund

Putnam Multi-Asset Income Fund

Putnam Research Fund

Putnam Retirement Advantage 2030 Fund

Putnam Retirement Advantage 2035 Fund

Putnam Retirement Advantage 2065 Fund

Putnam Short Term Investment Fund

Putnam Small Cap Value Fund

Putnam Sustainable Future ETF

Putnam Sustainable Future Fund

Putnam Sustainable Leaders ETF

Putnam Sustainable Leaders Fund

Putnam Sustainable Retirement 2065 Fund

Putnam Sustainable Retirement Maturity Fund

Putnam Ultra Short Duration Income Fund

Putnam Ultra Short MAC Series

Putnam VT Core Equity Fund

Putnam VT Diversified Income Fund

Putnam VT Emerging Markets Equity Fund

Putnam VT Focused International Equity Fund

Putnam VT George Putnam Balanced Fund

Putnam VT Global Asset Allocation Fund

Putnam VT Global Health Care Fund

Putnam VT Government Money Market Fund

Putnam VT High Yield Fund

Putnam VT Income Fund

Putnam VT International Equity Fund

Putnam VT International Value Fund

Putnam VT Large Cap Growth Fund

Putnam VT Large Cap Value Fund

Putnam VT Mortgage Securities Fund

Putnam VT Research Fund

Putnam VT Small Cap Growth Fund

Putnam VT Small Cap Value Fund

Putnam VT Sustainable Future Fund

Putnam VT Sustainable Leaders Fund

On January 1, 2024 (the “Effective Date”), a subsidiary of Franklin Resources, Inc. (“Franklin Resources”) acquired Putnam U.S. Holdings I, LLC (“Putnam Holdings”) in a stock and cash transaction (the “Transaction”). As a result of the Transaction, Putnam Investment Management, LLC (“Putnam Management”), a wholly-owned subsidiary of Putnam Holdings and the investment manager to the Putnam family of funds (the “Putnam Funds”), Putnam Investments Limited (“PIL”), an indirect, wholly-owned subsidiary of Putnam Holdings and a sub-adviser to certain of the Putnam Funds, and The Putnam Advisory Company, LLC (“PAC”), an indirect, wholly-owned subsidiary of Putnam Holdings and a sub-adviser to certain of the Putnam Funds, became indirect, wholly-owned subsidiaries of Franklin Resources.

Franklin Resources, whose principal executive offices are at One Franklin Parkway, San Mateo, California 94403, is a global investment management organization operating, together with its subsidiaries, as Franklin Templeton. As of November 30, 2023, after giving effect to the Transaction, Franklin Templeton’s asset management operations had aggregate assets under management of approximately $1.546 trillion. As a

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result of the Transaction, Putnam Management, PIL, and PAC will be able to draw on the broader investment resources, including portfolio management, investment research, trading expertise and other capabilities, of Franklin Templeton to the benefit of the Putnam Funds.

Under the Investment Company Act of 1940, as amended (the “1940 Act”), the Transaction resulted in the automatic termination of the investment management contract between each Putnam Fund and Putnam Management and any related sub-advisory contracts that were in place for each Putnam Fund before the Transaction. However, Putnam Management and, where applicable, the Putnam Funds’ sub-adviser(s) continue to provide uninterrupted services with respect to the Putnam Funds listed above pursuant to new investment management and sub-advisory contracts that were previously approved by shareholders of each above-listed Putnam Fund at shareholder meetings held in connection with the Transaction. The terms of the new investment management and sub-advisory contracts are substantially similar to those of the previous investment management and sub-advisory contracts.

The Prospectus and Statement of Additional Information for each of the Putnam Funds listed above are amended to reflect the foregoing.

 
 

 

Prospectus

For each Putnam Fund that offers Class Y shares, the following disclosure replaces and supersedes the corresponding bullet point under “The following investors may purchase class Y shares if approved by Putnam” in the “Here is a summary of the differences among the classes of shares” section:

- current and retired employees of Putnam or an affiliate (including affiliates of Franklin Templeton) and their immediate family members (including an employee’s spouse, domestic partner, fiancé(e), or other family members who are living in the same household) as well as, in each case, Putnam-offered health savings accounts, IRAs, and other similar tax-advantaged plans solely owned by the foregoing individuals;

- current directors of Putnam Investments, LLC who commenced service prior to January 1, 2024 and retired directors of Putnam Investments, LLC who served prior to January 1, 2024, regardless of when they retired;

- current employees of Empower Life & Annuity Insurance Company who began their employment prior to January 1, 2024 and retired employees of Empower Life & Annuity Insurance Company who were employees prior to January 1, 2024, regardless of when they retired; and current and retired Trustees of the fund. Upon the departure of any member of this group of individuals from Putnam, Empower Life & Annuity Insurance Company, or the fund’s Board of Trustees, the member’s class Y shares convert automatically to class A shares, unless the member’s departure is a retirement, as determined by Putnam in its discretion for employees and directors of Putnam and employees of Empower Life & Annuity Insurance Company and by the Board of Trustees in its discretion for Trustees; provided that conversion will not take place with respect to class Y shares held by former Putnam employees and their immediate family members in health savings accounts where it is not operationally practicable due to platform or other limitations; and

For each Putnam Fund that offers Class A shares, the following disclosure replaces and supersedes the corresponding bullet point under “Class A shares” in the “Additional reductions and waivers of sales charges” sub-section in the “Here is a summary of the differences among the classes of shares” section:

(i)current and former Trustees of the fund, their family members, business and personal associates; current and former employees of Putnam Management, certain current corporate affiliates (including affiliates of Franklin Templeton), and certain former corporate affiliates, their family members, business and personal associates; employer-sponsored retirement plans for the foregoing; and partnerships, trusts or other entities in which any of the foregoing has a substantial interest;
 
 

 

Statement of Additional Information

The following disclosure replaces and supersedes the corresponding information in the footnote to the table in the sub-section “Trustee responsibilities and fees” in the section “CHARGES AND EXPENSES”:

** Trustee who is an “interested person” (as defined in the 1940 Act) of the fund and Putnam Management. Mr. Reynolds is deemed an “interested person” by virtue of his position as an officer of the fund and his direct beneficial interest in shares of Franklin Resources, of which Putnam Management is an indirect wholly-owned subsidiary. Mr. Reynolds is the President of your fund and each of the other Putnam funds, and prior to January 1, 2024, Mr. Reynolds was President and Chief Executive Officer of Putnam Management and Putnam Investments, LLC, the previous parent company to Putnam Management, PIL, and PAC.

For Putnam BDC Income ETF, Putnam BioRevolution ETF, Putnam Dynamic Asset Allocation Equity Fund, Putnam Emerging Markets ex-China ETF, Putnam Focused Large Cap Growth ETF, and Putnam Ultra Short MAC Series, the following disclosure replaces and supersedes the corresponding information included in the “Share Ownership” section:

In light of its share ownership noted below, Putnam U.S. Holdings I, LLC may be deemed to “control” the fund. Putnam U.S. Holdings I, LLC, a Delaware limited liability company, is owned through a series of subsidiaries by Franklin Resources, Inc., a Delaware corporation, whose principal executive offices are at One Franklin Parkway, San Mateo, California 94403.

 

The sub-section “Putnam Management and its Affiliates” in the section “MANAGEMENT” is deleted in its entirety and replaced with the following:

Putnam Management and its Affiliates

Putnam Management is one of America’s oldest money management firms. Putnam Management’s staff of experienced portfolio managers and research analysts selects securities and supervises the fund’s portfolio on an ongoing basis. By pooling an investor’s money with that of other investors, a greater variety of securities can be purchased than would be the case individually; the resulting diversification helps reduce investment risk. Putnam Management has been managing mutual funds since 1937.

Putnam Management is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”), a Delaware corporation. Franklin Resources, whose principal executive offices are at One Franklin Parkway, San Mateo, California 94403, is a global investment management organization operating, together with its subsidiaries, as Franklin Templeton. As of November 30, 2023, after giving effect to the Transaction, Franklin Templeton’s asset management operations had aggregate assets under management of approximately $1.546 trillion.

Certain employees and officers of Franklin Resources and its subsidiaries who engage in investment advisory services may be appointed to serve as officers and/or authorized persons of Putnam Management and/or PAC and, in that capacity, may provide investment research, investment recommendations and other services to Putnam Management and/or PAC from time to time.

 
 

Trustees and officers of the fund who are also officers of Putnam Management or its affiliates or who are stockholders of Franklin Resources or its affiliates will benefit from the advisory fees, sales commissions, distribution fees and transfer agency fees paid or allowed by the fund.

The table in the sub-section “Trustees” in the section “MANAGEMENT” is deleted in its entirety and replaced with the following:

Name, Address1, Year of Birth, Position(s) Held with Fund and Length of Service as a Putnam Fund Trustee2 Principal Occupation(s) During Past 5 Years Number of Funds in the Putnam Funds Complex Overseen by Trustee3 Other Directorships Held by Trustee
Liaquat Ahamed (Born 1952), Trustee since 2012 Author; won Pulitzer Prize for Lords of Finance: The Bankers Who Broke the World. 105 Chair of the Sun Valley Writers Conference, a literary not-for-profit organization; and a Trustee of the Journal of Philosophy.  
Barbara M. Baumann (Born 1955), Trustee since 2010, Vice Chair since 2022 President of Cross Creek Energy Corporation, a strategic consultant to domestic energy firms and direct investor in energy projects. 105 Director of Devon Energy Corporation, a publicly traded independent natural gas and oil exploration and production company; Director of National Fuel Gas Company, a publicly traded energy company that engages in the production, gathering, transportation, distribution and marketing of natural gas; Senior Advisor to the energy private equity firm First Reserve; member of the Finance Committee of the Children’s Hospital of Colorado; member of the Investment Committee of the Board of The Denver Foundation; and previously a Director of publicly traded companies Buckeye Partners LP, UNS Energy Corporation, CVR Energy Company, and SM Energy Corporation.
Katinka Domotorffy (Born 1975), Trustee since 2012 Voting member of the Investment Committees of the Anne Ray Foundation and Margaret A. Cargill Foundation, part of the Margaret A. Cargill Philanthropies. 105 Director of the Great Lakes Science Center and of College Now Greater Cleveland.
 
 

 

Name, Address1, Year of Birth, Position(s) Held with Fund and Length of Service as a Putnam Fund Trustee2 Principal Occupation(s) During Past 5 Years Number of Funds in the Putnam Funds Complex Overseen by Trustee3 Other Directorships Held by Trustee

Catharine Bond Hill (Born 1954), Trustee since 2017

 

Managing Director of Ithaka S+R, a not-for-profit service that helps the academic community navigate economic and technological change.

From 2006 to 2016, Dr. Hill served as the 10th president of Vassar College.

 105 Director of Yale-NUS College; and Trustee of Yale University.
Kenneth R. Leibler (Born 1949), Trustee since 2006, Vice Chair from 2016 to 2018,Chair since 2018 Vice Chair Emeritus of the Board of Trustees of Beth Israel Deaconess Hospital in Boston.  Member of the Investment Committee of the Boston Arts Academy Foundation. 105 Director of Eversource Corporation, which operates New England’s largest energy delivery system; previously the Chairman of the Boston Options Exchange, an electronic marketplace for the trading of listed derivatives securities; previously the Chairman and Chief Executive Officer of the Boston Stock Exchange; and previously the President and Chief Operating Officer of the American Stock Exchange.
 
 

 

Name, Address1, Year of Birth, Position(s) Held with Fund and Length of Service as a Putnam Fund Trustee2 Principal Occupation(s) During Past 5 Years Number of Funds in the Putnam Funds Complex Overseen by Trustee3 Other Directorships Held by Trustee

*Jennifer Williams Murphy (Born 1964), Trustee since 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Chief Executive Officer and Founder of Runa Digital Assets, LLC, an institutional investment advisory firm specializing in active management of digital assets. Until 2021, Chief Operating Officer of Western Asset Management, LLC, a global investment adviser, and Chief Executive Officer and President of Western Asset Mortgage Capital Corporation, a mortgage finance real estate investment trust. 105 Previously, a Director of Western Asset Mortgage Capital Corporation.
 
 

 

Name, Address1, Year of Birth, Position(s) Held with Fund and Length of Service as a Putnam Fund Trustee2 Principal Occupation(s) During Past 5 Years Number of Funds in the Putnam Funds Complex Overseen by Trustee3 Other Directorships Held by Trustee
Marie Pillai (Born 1954), Trustee since 2022 Senior Advisor, Hunter Street Partners, LP, an asset-oriented private investment firm; Specialty Leader and Member of the Curriculum Committee of the Center for Board Certified Fiduciaries, a public benefit corporation providing coursework for developing fiduciaries. Until 2019, Vice President, Chief Investment Officer and Treasurer of General Mills, Inc., a global food company. 105 Member of the Investment Committee of the Bush Foundation, a non-profit organization supporting community problem-solving in Minnesota, North Dakota and South Dakota; Member of the Finance Council and Corporate Board of the Archdiocese of Saint Paul and Minneapolis; Director of Choice Bank, a private, community bank based in North Dakota; previously a Board Member of Catholic Charities of St. Paul and Minneapolis; former Director of the Catholic Community Foundation of Minnesota; and former Investment Advisory Board Member of the University of Minnesota.
George Putnam III (Born 1951), Trustee since 1984 Chair of New Generation Research, Inc., a publisher of financial advisory and other research services, and President of New Generation Advisors, LLC, a registered investment adviser to private funds. 105

Director of The Boston Family Office, LLC, a registered investment adviser; a Director of the Gloucester Marine Genomics Institute; a Trustee of the Lowell Observatory Foundation; and previously a Trustee of the Marine Biological Laboratory.

 

Manoj P. Singh (Born 1952),

Trustee since 2017

 Until 2015, Chief Operating Officer and Global Managing Director at Deloitte Touche Tohmatsu, Ltd., a global professional services organization, serving on the Deloitte U.S. Board of Directors and the boards of Deloitte member firms in China, Mexico and Southeast Asia. 105 Director of ReNew Energy Global Plc, a publicly traded renewable energy company; Director of Abt Associates, a global research firm working in the fields of health, social and environmental policy, and international development; Trustee of Carnegie Mellon University; Director of Pratham USA, an organization dedicated to children’s education in India; member of the advisory board of Altimetrik, a business transformation and technology solutions firm; and Director of DXC Technology, a global IT services and consulting company.
 
 

 

Name, Address1, Year of Birth, Position(s) Held with Fund and Length of Service as a Putnam Fund Trustee2 Principal Occupation(s) During Past 5 Years Number of Funds in the Putnam Funds Complex Overseen by Trustee3 Other Directorships Held by Trustee
Mona K. Sutphen (Born 1967), Trustee since 2020 Partner, Investment Strategies at The Vistria Group, a private investment firm focused on middle-market companies in the healthcare, education, and financial services industries. From 2014 to 2018, Partner at Macro Advisory Partners, a global consulting firm. 105 Director of Spotify Technology S.A., a publicly traded audio content streaming service; Director of Unitek Learning, a private nursing and medical services education provider in the United States; Board Member, International Rescue Committee; Co-Chair of the Board of Human Rights First; Trustee of Mount Holyoke College; member of the Advisory Board for the Center on Global Energy Policy at Columbia University’s School of International and Public Affairs; previously Director of Pattern Energy and Pioneer Natural Resources, publicly traded energy companies; and previously Managing Director of UBS AG.
 
 

 

Name, Address1, Year of Birth, Position(s) Held with Fund and Length of Service as a Putnam Fund Trustee2 Principal Occupation(s) During Past 5 Years Number of Funds in the Putnam Funds Complex Overseen by Trustee3 Other Directorships Held by Trustee
       
Interested Trustees      
**Robert L. Reynolds (Born 1952), Trustee since 2008 Chair of Great-West Lifeco U.S. LLC. Prior to 2019, also President and Chief Executive Officer of Great-West Financial, a financial services company that provides retirement savings plans, life insurance, and annuity and executive benefits products, and of Great-West Lifeco U.S. LLC, a holding company that owns Putnam Investments and Great-West Financial, and a member of Great-West Financial’s Board of Directors. Until 2023, President and Chief Executive Officer of Putnam Investments, President and Chief Executive Officer of Putnam Management, and member of Putnam Investments’ Board of Directors. 105 Director of the Concord Museum; Director of Dana-Farber Cancer Institute; Director of the U.S. Ski & Snowboard Foundation; Chair of the Boston Advisory Board of the American Ireland Fund; Council Co-Chair of the American Enterprise Institute; Member of U.S. Chamber of Commerce, Center for Capital Markets Competitiveness; Chair of Massachusetts High Technology Council; Member of the Chief Executives Club of Boston; Member of the Massachusetts General Hospital President’s Council; Chairman of the Board of Directors of the Ron Burton Training Village; Director and former Chair of the Massachusetts Competitive Partnership; former Chair of the West Virginia University Foundation; and former Executive Committee Member of the Greater Boston Chamber of Commerce.

 

1 The address of each Trustee is 100 Federal Street, Boston, MA 02110.

 

2 Each Trustee serves for an indefinite term, until his or her resignation, retirement during the year he or she reaches age 75, death or removal.

 

3 The Putnam funds complex is composed of the Putnam mutual funds, closed-end funds, and exchange-traded funds. As of December 31, 2023, there were 89 mutual funds, 4 closed-end funds and 12 exchange-traded funds. Each Trustee listed in the table above serves as Trustee of each fund in the Putnam funds complex.

 

* Ms. Murphy is the founder, controlling member, and Chief Executive Officer of Runa Digital Assets, LLC (“RDA”), the investment manager of Runa Digital Partners, LP (“RDP”), a private investment fund. Ms. Murphy also holds a controlling interest in RDP’s general partner and is a limited partner in RDP. A subsidiary of Franklin Templeton and certain individuals employed by Franklin Templeton or its affiliates have made passive investments as limited partners in RDP (one of whom serves on the advisory board for RDA, which has no

 
 

governance or oversight authority over RDA), representing in the aggregate approximately 33% of RDP as of October 31, 2023. In addition, if certain conditions are met, Franklin Templeton will be entitled to receive a portion of any incentive compensation allocable to RDP’s general partner. For so long as Franklin Templeton maintains its investment in RDP, Ms. Murphy also has agreed upon request to advise and consult with Franklin Templeton and its affiliates on the market for digital assets. Ms. Murphy provides similar service to other limited partners in RDP that request her advice. Ms. Murphy also is entitled to receive deferred cash compensation in connection with her prior employment by an affiliate of Franklin Templeton, which employment ended at the end of 2021. With regard to Ms. Murphy, the relationships described above may give rise to a potential conflict of interest with respect to the Funds.

 

** Trustee who is an “interested person” (as defined in the 1940 Act) of the fund and Putnam Management. Mr. Reynolds is deemed an “interested person” by virtue of his position as an officer of the fund and his direct beneficial interest in shares of Franklin Resources, of which Putnam Management is an indirect wholly-owned subsidiary. Mr. Reynolds is the President of your fund and each of the other Putnam funds, and prior to January 1, 2024, Mr. Reynolds was President and Chief Executive Officer of Putnam Management and Putnam Investments, LLC, the previous parent company to Putnam Management, PIL, and PAC.

The “Interested Trustee” portion of the sub-section “Trustee Qualifications” in the section “MANAGEMENT” is deleted in its entirety and replaced with the following:

Interested Trustee

Robert L. Reynolds -- Mr. Reynolds’s extensive experience as a senior executive of a major mutual fund organization in the United States and his previous role as President and Chief Executive Officer of Putnam Management and Putnam Investments, LLC, the previous parent company to Putnam Management, PIL, and PAC.

The sub-section “Officers” in the section “MANAGEMENT” is deleted in its entirety and replaced with the following:

Officers

 

The other officers of the fund, in addition to Robert L. Reynolds, the fund’s President, are shown below.  All of the officers of your fund listed below are employees of Putnam Management or its affiliates or are members of the Trustees’ independent administrative staff.

 

Name, Address1, Year of Birth, Position(s) Held with Fund

Length of Service with the Putnam Funds2

 

 Principal Occupation(s) During Past 5 Years and Position(s) with Fund’s Investment Adviser and Distributor3
Jonathan S. Horwitz4 (Born 1955) Executive Vice President, Principal Executive Officer, and Compliance Liaison Since 2004 Executive Vice President, Principal Executive Officer, and Compliance Liaison, The Putnam Funds.

Stephen J. Tate (Born 1974)

Vice President and Chief Legal Officer

 Since 2021

General Counsel, Putnam U.S. Holdings I, LLC (“Putnam Holdings”), Putnam Management and Putnam Retail Management (2021 – Present).

Deputy General Counsel and related positions, Putnam Investments, Putnam Management and Putnam Retail Management (2004-2021).

 
 

 

Name, Address1, Year of Birth, Position(s) Held with Fund

Length of Service with the Putnam Funds2

 

 Principal Occupation(s) During Past 5 Years and Position(s) with Fund’s Investment Adviser and Distributor3

James F. Clark3 (Born 1974)

Vice President and Chief Compliance Officer

 Since 2016

Chief Compliance Officer, Putnam Holdings and Putnam Management (2016 – Present).

Associate General Counsel, Putnam Investments, Putnam Management and Putnam Retail Management (2003-2015).

Michael J. Higgins4 (Born 1976)

Vice President, Treasurer, and Clerk

 Since 2010 Vice President, Treasurer, and Clerk, The Putnam Funds.

Kevin R. Blatchford (Born 1967)

Vice President and Assistant Treasurer

 Since 2023 Director, Financial Reporting, Putnam Holdings

Kelley Hunt (Born 1984)

AML Compliance Officer

 Since 2023 Manager, U.S. Financial Crime team, Franklin Templeton

Janet C. Smith (Born 1965)

Vice President, Principal Financial Officer, Principal Accounting Officer, and Assistant Treasurer

 Since 2007 Head of Fund Administration Services, Putnam Holdings and Putnam Management.
Alan G. McCormack5 (Born 1964) Vice President and Derivatives Risk Manager Since 2022 Head of Quantitative Equities and Risk, Putnam Management.

Martin Lemaire5 (Born 1984)

Vice President and Derivatives Risk Manager

 Since 2022

Risk Manager, Putnam Management

(2020 – Present).

Risk Analyst, Putnam Management

(2016 – 2020).

Denere P. Poulack4 (Born 1968)

Assistant Vice President, Assistant Clerk, and Assistant Treasurer

 Since 2004 Assistant Vice President, Assistant Clerk, and Assistant Treasurer, The Putnam Funds.

 

1The address of each Officer, other than Ms. Hunt, is 100 Federal Street, Boston, MA 02110. Ms. Hunt’s address is 100 Fountain Parkway, St. Petersburg, FL 33716.

2Each officer serves for an indefinite term, until his or her resignation, retirement, death or removal.

3Prior positions and/or officer appointments with the fund or the fund’s investment adviser and distributor have been omitted.

4Officers of the fund indicated are members of the Trustees’ independent administrative staff. Compensation for these individuals is fixed by the Trustees and reimbursed to Putnam Management by the funds, except in certain cases where a fund has a unitary fee and/or expense limitation arrangement whereby Putnam Management is responsible for all or a portion of these individuals’ compensation.

5 Messrs. McCormack and Lemaire each serve as Vice President and Derivatives Risk Manager for the funds, except Putnam Government Money Market Fund, Putnam Money Market Fund, and Putnam VT Government Money Market Fund.

Except as stated above, the principal occupations of the officers and Trustees for the last five years have been with the employers as shown above, although in some cases they have held different positions with their employers.

 
 

The sub-section “Principal Underwriter” in the section “MANAGEMENT” is deleted in its entirety and replaced with the following:

Putnam Retail Management, located at 100 Federal Street, Boston, MA 02110, is the principal underwriter of shares of the fund and the other continuously offered Putnam Funds. Putnam Retail Management is a wholly-owned subsidiary of Franklin Resources. Putnam Retail Management is not obligated to sell any specific amount of shares of the fund and will purchase shares for resale only against orders for shares. See “Charges and expenses” in Part I of this SAI for information on sales charges and other payments received by Putnam Retail Management.

 

 

Shareholders should retain this Supplement for future reference.

 
 

 

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