Prospectus Supplement | February 1, 2018 | |
Putnam California Tax | Putnam Global | Putnam Massachusetts |
Exempt Income Fund | Telecommunications Fund | Tax Exempt Income Fund |
Prospectus dated 1/30/18 | Prospectus dated 12/30/17 | Prospectus dated 9/30/17 |
Putnam Convertible | Putnam Intermediate- | Putnam Minnesota Tax |
Securities Fund | Term Municipal Income | Exempt Income Fund |
Prospectus dated 2/28/17 | Fund | Prospectus dated 9/30/17 |
Prospectus dated 3/30/17 | ||
Putnam Europe | Putnam Money | |
Equity Fund | Putnam Low Volatility | Market Fund |
Prospectus dated 10/30/17 | Equity Fund | Prospectus dated 1/30/18 |
Prospectus dated 11/30/17 | ||
Putnam Capital | Putnam Multi-Cap | |
Spectrum Fund | Putnam Multi-Cap | Growth Fund |
Prospectus dated 8/30/17 | Core Fund | Prospectus dated 10/30/17 |
Prospectus dated 8/30/17 | ||
Putnam Emerging | Putnam New Jersey Tax | |
Markets Equity Fund | Putnam Short-Term | Exempt Income Fund |
Prospectus dated 12/30/17 | Municipal Income Fund | Prospectus dated 9/30/17 |
Prospectus dated 3/30/17 | ||
Putnam Emerging | Putnam New York Tax | |
Markets Income Fund | Putnam Global | Exempt Income Fund |
Prospectus dated 3/30/17 | Health Care Fund | Prospectus dated 3/30/17 |
Prospectus dated 12/30/17 | ||
Putnam Equity | Putnam Ohio Tax | |
Spectrum Fund | Putnam Global | Exempt Income Fund |
Prospectus dated 8/30/17 | Natural Resources Fund | Prospectus dated 9/30/17 |
Prospectus dated 12/30/17 | ||
Putnam Floating | Putnam Pennsylvania Tax | |
Rate Income Fund | Putnam Global | Exempt Income Fund |
Prospectus dated 6/30/17 | Utilities Fund | Prospectus dated 9/30/17 |
Prospectus dated 12/30/17 | ||
Putnam Global | Putnam Tax Exempt | |
Consumer Fund | Putnam High Yield Fund | Income Fund |
Prospectus dated 12/30/17 | Prospectus dated 3/30/17 | Prospectus dated 1/30/18 |
Putnam Global | Putnam Government | Putnam AMT-Free |
Financials Fund | Money Market Fund | Municipal Fund |
Prospectus dated 12/30/17 | Prospectus dated 1/30/18 | Prospectus dated 11/30/17 |
Putnam Global | Putnam International | Putnam Tax-Free |
Industrials Fund | Capital Opportunities | High Yield Fund |
Prospectus dated 12/30/17 | Fund | Prospectus dated 11/30/17 |
Prospectus dated 12/30/17 | ||
Putnam Global | Putnam U.S. Government | |
Sector Fund | Putnam International | Income Trust |
Prospectus dated 2/28/17 | Growth Fund | Prospectus dated 1/30/18 |
Prospectus dated 1/30/18 | ||
Putnam Global | Putnam Dynamic Asset | |
Technology Fund | Putnam Multi-Cap | Allocation Equity Fund |
Prospectus dated 12/30/17 | Value Fund | Prospectus dated 9/30/17 |
Prospectus dated 8/30/17 |
For each fund except Putnam Money Market Fund and Putnam Government Money Market Fund, purchases of class A shares by investors on or after March 1, 2018 that are not subject to an initial sales charge because the amount of purchase at the offering price was in the highest initial sales charge breakpoint level for the fund will be subject to a 1.00% deferred sales charge
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(“CDSC”) if redeemed within twelve months of purchase. Purchases of class A shares by investors prior to March 1, 2018 that are not subject to an initial sales charge because the amount of purchase at the offering price was in the highest initial sales charge breakpoint level for the fund will be subject to a 1.00% CDSC if redeemed within nine months of purchase.
Class A shares of each of Putnam Money Market Fund and Putnam Government Money Market Fund obtained by exchanging shares from another Putnam fund that were originally purchased on or after March 1, 2018 without an initial sales charge may be subject to a 1.00% CDSC if redeemed within twelve months of the original purchase. Class A shares of each of Putnam Money Market Fund and Putnam Government Money Market Fund obtained by exchanging shares from another Putnam fund that were originally purchased prior to March 1, 2018 without an initial sales charge may be subject to a 1.00% CDSC if redeemed within nine months of the original purchase.
Effective April 1, 2018, class C shares of each applicable fund will automatically convert to class A shares after ten years, provided that the fund or the financial intermediary through which a shareholder purchased class C shares has records verifying that the class C shares have been held for at least ten years, and that class A shares are available for purchase by residents in the shareholder’s jurisdiction. Group retirement plan recordkeeping platforms of certain broker-dealer intermediaries who hold class C shares with the fund in an omnibus account do not track participant level share lot aging. These class C shares would not satisfy the conditions for the conversion.