0001005942 pft7:S000000777Member pft7:C000002304Member 2011-10-31 2012-10-30 0001005942 pft7:S000000777Member pft7:C000002301Member 2011-10-31 2012-10-30 0001005942 pft7:S000000775Member pft7:C000002292Member 2011-10-31 2012-10-30 0001005942 pft7:S000000775Member pft7:C000002293Member 2011-10-31 2012-10-30 0001005942 pft7:S000000777Member 2011-10-31 2012-10-30 0001005942 pft7:S000000775Member 2011-10-31 2012-10-30 0001005942 pft7:S000000777Member pft7:C000002303Member 2011-10-31 2012-10-30 0001005942 pft7:S000000777Member pft7:C000002305Member 2011-10-31 2012-10-30 0001005942 pft7:S000000777Member pft7:C000002306Member 2011-10-31 2012-10-30 0001005942 pft7:S000000777Member pft7:C000002302Member 2011-10-31 2012-10-30 0001005942 pft7:S000000775Member pft7:C000002291Member 2011-10-31 2012-10-30 0001005942 pft7:S000000775Member pft7:C000002294Member 2011-10-31 2012-10-30 0001005942 pft7:S000000775Member pft7:C000002295Member 2011-10-31 2012-10-30 0001005942 pft7:S000000775Member pft7:C000002290Member 2011-10-31 2012-10-30 0001005942 2011-10-31 2012-10-30 0001005942 pft7:S000000777Member rr:AfterTaxesOnDistributionsMember pft7:C000002303Member 2011-10-31 2012-10-30 0001005942 pft7:S000000777Member rr:AfterTaxesOnDistributionsAndSalesMember pft7:C000002303Member 2011-10-31 2012-10-30 0001005942 pft7:S000000777Member pft7:RussellTwothousandGrowthIndexMember 2011-10-31 2012-10-30 0001005942 pft7:S000000775Member rr:AfterTaxesOnDistributionsMember pft7:C000002291Member 2011-10-31 2012-10-30 0001005942 pft7:S000000775Member rr:AfterTaxesOnDistributionsAndSalesMember pft7:C000002291Member 2011-10-31 2012-10-30 0001005942 pft7:S000000775Member pft7:MsciEafeValueIndexMember 2011-10-31 2012-10-30 pure iso4217:USD 1108 1108 1129 1129 2012-09-30 2012-09-30 Example Example 1252 1308 1108 1296 <div style="display:none">~ http://www.putnam.com/role/ScheduleShareholderFeesPutnamInternationalValueFund column period compact * ~</div> <div style="display:none">~ http://www.putnam.com/role/ScheduleShareholderFeesPutnamSmallCapGrowthFund column period compact * ~</div> 850 585 The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 45%. 1272 1329 1129 1316 871 606 The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 141%. putnam.com putnam.com 0.1328 0.4976 0.1365 0.3798 Fund summary Fund summary Shareholder fees (fees paid directly from your investment) Shareholder fees (fees paid directly from your investment) 0.0575 0 0 0.035 0 0 0.0575 0 0 0.035 0 0 You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 12 of the fund’s prospectus and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI). 50000 Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment) You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 14 of the fund’s prospectus and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI). 50000 Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment) 701 709 309 527 159 108 The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time. <div style="display:none">~ http://www.putnam.com/role/ScheduleAnnualFundOperatingExpensesPutnamInternationalValueFund column period compact * ~</div> <div style="display:none">~ http://www.putnam.com/role/ScheduleAnnualFundOperatingExpensesPutnamSmallCapGrowthFund column period compact * ~</div> 485BPOS 2012-06-30 PUTNAM FUNDS TRUST 2012-10-26 The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 14 of the fund’s prospectus and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI). The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 12 of the fund’s prospectus and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI). 0.01 0.05 0.01 0.0065 0 0 0.01 0.05 0.01 0.0065 0 0 The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower. The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower. 966 946 646 900 493 337 705 713 313 531 163 112 978 958 658 911 505 350 209 209 2390 2197 Investments Investments 213 213 2240 2431 <div style="sans-serif"><table style="font-size:10pt" cellspacing="0" border="0" cellpadding="0" width="100%"><tr><td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Year-to-date performance through 9/30/12 </td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%"> 13.28%</td><td width="40%"></td><td width="35%"></td> </tr> <tr><td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Best calendar quarter Q2 2003 </td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%">28.32%</td><td width="40%"></td><td width="35%"></td> </tr> <tr><td width="20%">Worst calendar quarter Q4 2008</td> <td width="8%">-27.21%</td><td width="40%"></td><td width="35%"></td> </tr></table></div> Average annual total returns after sales charges (for periods ending 12/31/11) <div style="sans-serif"><table style="font-size:10pt" cellspacing="0" border="0" cellpadding="0" width="100%"><tr><td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Year-to-date performance through 9/30/12 </td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%"> 13.65%</td><td width="40%"></td><td width="35%"></td> </tr> <tr><td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="20%">Best calendar quarter Q2 2009 </td> <td style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 0px solid" width="5%">24.11%</td><td width="40%"></td><td width="35%"></td> </tr> <tr><td width="20%">Worst calendar quarter Q4 2008</td> <td width="8%">-23.19%</td><td width="40%"></td><td width="35%"></td> </tr></table></div> 0.2832 -0.3222 -0.0387 After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement. Class B share performance does not reflect conversion to class A shares. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. 0.2411 -0.1433 -0.1353 Average annual total returns after sales charges (for periods ending 12/31/11) After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan, an IRA, or another tax-advantaged arrangement. Class B share performance does not reflect conversion to class A shares. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. <div style="display:none">~ http://www.putnam.com/role/ScheduleAnnualTotalReturnsPutnamInternationalValueFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.putnam.com/role/ScheduleAnnualTotalReturnsPutnamSmallCapGrowthFundBarChart column period compact * ~</div> 2012-10-30 0001005942 false 2012-10-30 Goal Fees and expenses Goal Fees and expenses 0.0025 0.01 0.01 0.0075 0.005 0.0046 0.0046 0.0046 0.0046 0.0046 0.0046 0.0131 0.0206 0.0206 0.0181 0.0156 0.0106 0.0025 0.01 0.01 0.0075 0.005 0.0043 0.0043 0.0043 0.0043 0.0043 0.0043 0.0135 0.021 0.021 0.0185 0.016 0.011 Restated to reflect current fees. Portfolio turnover 646 646 Portfolio turnover We invest mainly in common stocks of small U.S. companies, with a focus on growth stocks. Growth stocks are issued by companies whose earnings are expected to grow faster than those of similar firms, and whose business growth and other characteristics may lead to an increase in stock price. We invest mainly in small companies of a size similar to those in the Russell 2000 Growth Index. As of August 31, 2012, the index was composed of companies having market capitalizations of between $48.89 million and $4.62 billion. We may consider, among other factors, a company’s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. We invest mainly in common stocks of large and midsize companies outside the United States, with a focus on value stocks. Value stocks are those that we believe are currently undervalued by the market. If we are correct and other investors recognize the value of the company, the price of its stock may rise. We invest mainly in developed countries, but may invest in emerging markets. We may consider, among other factors, a company’s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. We may also use derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes. It is important to understand that you can lose money by investing in the fund. The prices of stocks in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including both general financial market conditions and factors related to a specific company or industry. Value stocks may fail to rebound, and the market may not favor value-style investing. These risks are generally greater for small and midsize companies. The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation or deflation), and may be illiquid. Our use of derivatives may increase these risks by, for example, increasing investment exposure or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. It is important to understand that you can lose money by investing in the fund. The prices of stocks in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including both general financial market conditions and factors related to a specific company or industry. These risks are generally greater for small and midsize companies. Growth stocks may be more susceptible to earnings disappointments, and the market may not favor growth-style investing. The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance It is important to understand that you can lose money by investing in the fund. Performance 658 658 It is important to understand that you can lose money by investing in the fund. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Annual total returns for class A shares before sales charges Please remember that past performance is not necessarily an indication of future results. Annual total returns for class A shares before sales charges The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Year-to-date performance through 2003-06-30 Worst calendar quarter 2008-12-31 0.1658 0.0852 0.0282 -0.4316 0.263 0.2812 After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. After-tax returns are shown for class A shares only and will vary for other classes. -0.0938 -0.0938 -0.061 -0.092 -0.055 -0.0769 -0.0406 -0.0363 -0.0291 0.0151 0.0104 0.0125 0.0137 0.0135 0.0125 0.0187 0.0232 0.0448 Year-to-date performance through 2009-06-30 Worst calendar quarter 2008-12-31 0.1466 0.0742 -0.4605 0.2596 0.0729 After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. After-tax returns are shown for class A shares only and will vary for other classes. -0.1853 -0.1938 -0.1831 -0.1136 -0.1506 -0.1693 -0.1374 -0.1324 -0.1217 0.0293 0.0248 0.0284 0.0275 0.0275 0.0264 0.0328 0.0383 0.0498 <div style="display:none">~ http://www.putnam.com/role/ScheduleExpenseExampleNoRedemptionPutnamInternationalValueFund column period compact * ~</div> <div style="display:none">~ http://www.putnam.com/role/ScheduleAverageAnnualTotalReturnsTransposedPutnamInternationalValueFund column period compact * ~</div> <div style="display:none">~ http://www.putnam.com/role/ScheduleExpenseExampleNoRedemptionPutnamSmallCapGrowthFund column period compact * ~</div> <div style="display:none">~ http://www.putnam.com/role/ScheduleAverageAnnualTotalReturnsTransposedPutnamSmallCapGrowthFund column period compact * ~</div> Putnam International Value Fund seeks capital growth. Current income is a secondary objective. Putnam Small Cap Growth Fund seeks capital appreciation. -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 0.006 0.006 0.006 0.006 0.006 0.006 0.0067 0.0067 0.0067 0.0067 0.0067 0.0067 2063 2197 2390 2402 1856 1294 0.45 2105 2240 2431 2443 1900 1340 1.41 Risks Risks The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Best calendar quarter -0.2721 0.0561 0.0209 -0.0164 -0.0213 -0.0307 -0.0262 -0.0293 -0.0268 -0.036 -0.0305 Best calendar quarter -0.2319 0.2095 0.2752 -0.0859 -0.0922 -0.0687 -0.085 -0.0821 -0.0861 -0.0774 -0.0726 -0.0633 <div style="display:none">~ http://www.putnam.com/role/ScheduleExpenseExamplePutnamInternationalValueFund column period compact * ~</div> <div style="display:none">~ http://www.putnam.com/role/ScheduleExpenseExamplePutnamSmallCapGrowthFund column period compact * ~</div> Applies only to certain redemptions of shares bought with no initial sales charge. This charge is phased out over six years. This charge is eliminated after one year. Management fees are subject to a performance adjustment. Restated to reflect current fees.