Summary Prospectus Supplement | March 19, 2013 |
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Putnam Absolute Return 100 Fund
Summary Prospectus dated February 28, 2013
The table under the sub-section Shareholder fees in the section Fees and expenses is deleted in its entirety and replaced with the following:
Shareholder fees (fees paid directly from your investment)
Maximum deferred | ||
sales charge (load) (as | ||
Maximum sales | a percentage of | |
charge (load) imposed | original purchase | |
on purchases (as a | price or redemption | |
percentage of offering | proceeds, whichever is | |
Share class | price) | lower) |
| ||
Class A | 1.00% | 1.00%* |
| ||
Class B | NONE | 1.00%** |
| ||
Class C | NONE | 1.00%*** |
| ||
Class M | 0.75% | 0.30%* |
| ||
Class R | NONE | NONE |
| ||
Class R5 | NONE | NONE |
| ||
Class R6 | NONE | NONE |
| ||
Class Y | NONE | NONE |
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280678 - 3/13 |
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