0000928816-16-003140.txt : 20160801 0000928816-16-003140.hdr.sgml : 20160801 20160801164328 ACCESSION NUMBER: 0000928816-16-003140 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20160801 DATE AS OF CHANGE: 20160801 EFFECTIVENESS DATE: 20160801 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM FUNDS TRUST CENTRAL INDEX KEY: 0001005942 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: 161797840 BUSINESS ADDRESS: STREET 1: ONE POST STREET 2: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921010 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 0001005942 S000000775 Putnam International Value Fund C000002290 Class Y shares C000002291 Class A shares PNGAX C000002292 Class B shares PGNBX C000002293 Class C shares PIGRX C000002294 Class M shares PIGMX C000002295 Class R shares PIIRX C000136806 Class R6 0001005942 S000000777 Putnam Small Cap Growth Fund C000002301 Class C shares C000002302 Class Y shares C000002303 Class A shares PNSAX C000002304 Class B shares PNSBX C000002305 Class M shares PSGMX C000002306 Class R shares PSGRX C000158897 Class R6 Shares 0001005942 S000023000 PUTNAM EMERGING MARKETS EQUITY FUND C000066853 CLASS A C000066854 CLASS B C000066855 CLASS C C000066856 CLASS M C000066857 CLASS R C000066858 CLASS Y 0001005942 S000024243 Putnam Global Consumer Fund C000071511 Class A C000071512 Class B C000071513 Class C C000071514 Class M C000071515 Class R C000071516 Class Y 0001005942 S000024244 Putnam Global Energy Fund C000071517 Class M C000071518 Class R C000071519 Class Y C000071520 Class A C000071521 Class B C000071522 Class C 0001005942 S000024245 Putnam Global Financial Fund C000071523 Class A C000071524 Class B C000071525 Class C C000071526 Class M C000071527 Class R C000071528 Class Y 0001005942 S000024246 Putnam Global Industrial Fund C000071529 Class A C000071530 Class B C000071531 Class C C000071532 Class M C000071533 Class R C000071534 Class Y 0001005942 S000024247 Putnam Global Technology Fund C000071535 Class A C000071536 Class B C000071537 Class C C000071538 Class M C000071539 Class R C000071540 Class Y 0001005942 S000024248 Putnam Global Telecommunication Fund C000071541 Class A C000071542 Class B C000071543 Class C C000071544 Class M C000071545 Class R C000071546 Class Y 0001005942 S000024276 Putnam Absolute Return 700 Fund C000071717 Class A C000071718 Class B C000071719 Class C C000071720 Class M C000071721 Class R C000071722 Class Y C000118008 Class R6 497 1 a_pftsupp.htm PUTNAM FUNDS TRUST a_pftsupp.htm
Prospectus Supplement August 1, 2016

Putnam Absolute Return 700 Fund Prospectuses dated February 28, 2016 Effective September 1, 2016, the sub-section Annual fund operating expenses in the section Fees and expenses will be deleted in its entirety and replaced with the following:

Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)

Distribution Acquired Total annual
Management and service Other fund fees and fund operating
Share class fees† (12b-1) fees expenses expenses expenses
Class A 0.81% 0.25% 0.23%= 0.01% 1.30%
Class B 0.81% 1.00% 0.23%= 0.01% 2.05%
Class C 0.81% 1.00% 0.23%= 0.01% 2.05%
Class M 0.81% 0.75% 0.23%= 0.01% 1.80%
Class R 0.81% 0.50% 0.23%= 0.01% 1.55%
Class R6 0.81% N/A 0.12% 0.01% 0.94%
Class Y 0.81% N/A 0.23%= 0.01% 1.05%

 

* 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 resulting from a change to the fund’s investor servicing arrangements effective September 1, 2016.

Effective September 1, 2016, the sub-section Example in the section Fees and expenses will be deleted in its entirety and replaced with the following:

Example

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.

Share class 1 year 3 years 5 years 10 years
Class A $700 $963 $1,247 $2,053
Class B $708 $943 $1,303 $2,187
Class B (no redemption) $208 $643 $1,103 $2,187
Class C $308 $643 $1,103 $2,379
Class C (no redemption) $208 $643 $1,103 $2,379
Class M $526 $897 $1,291 $2,392
Class R $158 $490 $845 $1,845
Class R6 $96 $300 $520 $1,155
Class Y $107 $334 $579 $1,283

 


302103 8/16

 


Prospectus Supplement August 1, 2016

Putnam Emerging Markets Equity Fund Prospectuses dated December 30, 2015 Effective September 1, 2016, the sub-section Annual fund operating expenses in the section Fees and expenses will be deleted in its entirety and replaced with the following:

Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)

Distribu- Total Total annual
tion and Acquired annual Expense fund operating
service fund fees fund oper- reim- expenses
Share Manage- (12b-1) Other and ating burse- after expense
class ment fees† fees expenses= expenses expenses ment# reimbursement
Class A 0.96% 0.25% 0.87% 0.01% 2.09% (0.42)% 1.67%
Class B 0.96% 1.00% 0.87% 0.01% 2.84% (0.42)% 2.42%
Class C 0.96% 1.00% 0.87% 0.01% 2.84% (0.42)% 2.42%
Class M 0.96% 0.75% 0.87% 0.01% 2.59% (0.42)% 2.17%
Class R 0.96% 0.50% 0.87% 0.01% 2.34% (0.42)% 1.92%
Class Y 0.96% N/A 0.87% 0.01% 1.84% (0.42)% 1.42%

* 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 resulting from a change to the fund’s investor servicing arrangements effective September 1, 2016.

# Reflects Putnam Investment Management, LLC’s contractual obligation to limit certain fund expenses through December 30, 2016. This obligation may be modified or discontinued only with approval of the Board of Trustees.

Effective September 1, 2016, the sub-section Example in the section Fees and expenses will be deleted in its entirety and replaced with the following:

Example

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. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.

Share class 1 year 3 years 5 years 10 years
Class A $735 $1,154 $1,598 $2,826
Class B $745 $1,141 $1,662 $2,958
Class B (no redemption) $245 $841 $1,462 $2,958
Class C $345 $841 $1,462 $3,137
Class C (no redemption) $245 $841 $1,462 $3,137
Class M $562 $1,089 $1,641 $3,143
Class R $195 $691 $1,213 $2,645
Class Y $145 $538 $957 $2,125

 


302091 8/16

 


Prospectus Supplement   August 1, 2016 
 
Putnam Global Consumer Fund   
Putnam Global Energy Fund   
Putnam Global Financials Fund   
Putnam Global Industrials Fund   
Putnam Global Natural Resources Fund   
Putnam Global Technology Fund   
Putnam Global Telecommunications Fund   

 

Prospectus dated December 30, 2015

Effective September 1, 2016, in the Fund summaries section for each fund, the sub-sections Annual fund operating expenses and Example in the section Fees and expenses will be deleted in their entirety and replaced as indicated below:


Putnam Global Consumer Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)

            Total annual fund 
  Manage-  Distribution    Total annual  Expense  operating expenses 
Share  ment  and service  Other  fund operating  reimburse-  after expense 
class  fees  (12b-1) fees  expenses =  expenses  ment #  reimbursement 
Class A  0.62%  0.25%  0.88%  1.75%  (0.46)%  1.29% 
Class B  0.62%  1.00%  0.88%  2.50%  (0.46)%  2.04% 
Class C  0.62%  1.00%  0.88%  2.50%  (0.46)%  2.04% 
Class M  0.62%  0.75%  0.88%  2.25%  (0.46)%  1.79% 
Class R  0.62%  0.50%  0.88%  2.00%  (0.46)%  1.54% 
Class Y  0.62%  N/A  0.88%  1.50%  (0.46)%  1.04% 

 

* 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.

# Reflects Putnam Investment Management, LLC’s contractual obligation to limit certain fund expenses through 12/30/2016. This obligation may be modified or discontinued only with approval of the Board of Trustees.

= Restated to reflect current fees resulting from a change to the fund’s investor servicing arrangements effective September 1, 2016.

Example

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. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.

Share class  1 year  3 years  5 years  10 years 
Class A  $699  $1,052  $1,429  $2,483 
Class B  $707  $1,035  $1,489  $2,616 
Class B (no redemption)  $207  $735  $1,289  $2,616 
Class C  $307  $735  $1,289  $2,801 
Class C (no redemption)  $207  $735  $1,289  $2,801 
Class M  $526  $986  $1,472  $2,810 
Class R  $157  $583  $1,035  $2,290 
Class Y  $106  $429  $775  $1,751 

 


Putnam Global Energy Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)

            Total annual fund 
  Manage-  Distribution    Total annual  Expense  operating expenses 
Share  ment  and service  Other  fund operating  reimburse-  after expense 
class  fees  (12b-1) fees  expenses =  expenses  ment #  reimbursement 
Class A  0.62%  0.25%  0.85%  1.72%  (0.39)%  1.33% 
Class B  0.62%  1.00%  0.85%  2.47%  (0.39)%  2.08% 
Class C  0.62%  1.00%  0.85%  2.47%  (0.39)%  2.08% 
Class M  0.62%  0.75%  0.85%  2.22%  (0.39)%  1.83% 
Class R  0.62%  0.50%  0.85%  1.97%  (0.39)%  1.58% 
Class Y  0.62%  N/A  0.85%  1.47%  (0.39)%  1.08% 

 

* 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.

# Reflects Putnam Investment Management, LLC’s contractual obligation to limit certain fund expenses through 12/30/2016. This obligation may be modified or discontinued only with approval of the Board of Trustees.

= Restated to reflect current fees resulting from a change to the fund’s investor servicing arrangements effective September 1, 2016.

Example

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. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.

Share class  1 year  3 years  5 years  10 years 
Class A  $703  $1,050  $1,420  $2,458 
Class B  $711  $1,032  $1,480  $2,591 
Class B (no redemption)  $211  $732  $1,280  $2,591 
Class C  $311  $732  $1,280  $2,777 
Class C (no redemption)  $211  $732  $1,280  $2,777 
Class M  $529  $984  $1,464  $2,786 
Class R  $161  $581  $1,026  $2,264 
Class Y  $110  $427  $766  $1,724 

 


Putnam Global Financials Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)

            Total annual fund 
  Manage-  Distribution    Total annual  Expense  operating expenses 
Share  ment  and service  Other  fund operating  reimburse-  after expense 
class  fees  (12b-1) fees  expenses =  expenses  ment #  reimbursement 
Class A  0.62%  0.25%  1.44%  2.31%  (1.00)%  1.31% 
Class B  0.62%  1.00%  1.44%  3.06%  (1.00)%  2.06% 
Class C  0.62%  1.00%  1.44%  3.06%  (1.00)%  2.06% 
Class M  0.62%  0.75%  1.44%  2.81%  (1.00)%  1.81% 
Class R  0.62%  0.50%  1.44%  2.56%  (1.00)%  1.56% 
Class Y  0.62%  N/A  1.44%  2.06%  (1.00)%  1.06% 

 

* 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.

# Reflects Putnam Investment Management, LLC’s contractual obligation to limit certain fund expenses through 12/30/2016. This obligation may be modified or discontinued only with approval of the Board of Trustees.

= Restated to reflect current fees resulting from a change to the fund’s investor servicing arrangements effective September 1, 2016.

Example

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. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.

Share class  1 year  3 years  5 years  10 years 
Class A  $701  $1,164  $1,653  $2,996 
Class B  $709  $1,151  $1,719  $3,128 
Class B (no redemption)  $209  $851  $1,519  $3,128 
Class C  $309  $851  $1,519  $3,304 
Class C (no redemption)  $209  $851  $1,519  $3,304 
Class M  $527  $1,099  $1,697  $3,308 
Class R  $159  $701  $1,271  $2,820 
Class Y  $108  $549  $1,016  $2,310 

 


Putnam Global Industrials Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)

            Total annual fund 
  Manage-  Distribution    Total annual  Expense  operating expenses 
Share  ment  and service  Other  fund operating  reimburse-  after expense 
class  fees  (12b-1) fees  expenses =  expenses  ment #  reimbursement 
Class A  0.62%  0.25%  1.16%  2.03%  (0.70)%  1.33% 
Class B  0.62%  1.00%  1.16%  2.78%  (0.70)%  2.08% 
Class C  0.62%  1.00%  1.16%  2.78%  (0.70)%  2.08% 
Class M  0.62%  0.75%  1.16%  2.53%  (0.70)%  1.83% 
Class R  0.62%  0.50%  1.16%  2.28%  (0.70)%  1.58% 
Class Y  0.62%  N/A  1.16%  1.78%  (0.70)%  1.08% 

 

* 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.

# Reflects Putnam Investment Management, LLC’s contractual obligation to limit certain fund expenses through 12/30/2016. This obligation may be modified or discontinued only with approval of the Board of Trustees.

= Restated to reflect current fees resulting from a change to the fund’s investor servicing arrangements effective September 1, 2016.

Example

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. Only the first year of each period in the examples takes into account the expense reimbursement described above. Your actual costs may be higher or lower.

Share class  1 year  3 years  5 years  10 years 
Class A  $703  $1,111  $1,544  $2,745 
Class B  $711  $1,096  $1,607  $2,878 
Class B (no redemption)  $211  $796  $1,407  $2,878 
Class C  $311  $796  $1,407  $3,058 
Class C (no redemption)  $211  $796  $1,407  $3,058 
Class M  $529  $1,046  $1,588  $3,065 
Class R  $161  $645  $1,156  $2,561 
Class Y  $110  $492  $899  $2,037 

 


Putnam Global Natural Resources Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)

Share  Manage-  Distribution and    Total annual fund operating 
class  ment fees  service (12b-1) fees  Other expenses =  expenses 
Class A  0.62%  0.25%  0.37%  1.24% 
Class B  0.62%  1.00%  0.37%  1.99% 
Class C  0.62%  1.00%  0.37%  1.99% 
Class M  0.62%  0.75%  0.37%  1.74% 
Class R  0.62%  0.50%  0.37%  1.49% 
Class Y  0.62%  N/A  0.37%  0.99% 

 

* 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.

= Restated to reflect current fees resulting from a change to the fund’s investor servicing arrangements effective September 1, 2016.

Example

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.

Share class  1 year  3 years  5 years  10 years 
Class A  $694  $946  $1,217  $1,989 
Class B  $702  $924  $1,273  $2,123 
Class B (no redemption)  $202  $624  $1,073  $2,123 
Class C  $302  $624  $1,073  $2,317 
Class C (no redemption)  $202  $624  $1,073  $2,317 
Class M  $521  $879  $1,261  $2,330 
Class R  $152  $471  $813  $1,779 
Class Y  $101  $315  $547  $1,213 

 


Putnam Global Technology Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)

            Total annual fund 
  Manage-  Distribution    Total annual  Expense  operating expenses 
Share  ment  and service  Other  fund operating  reimburse-  after expense 
class  fees  (12b-1) fees  expenses =  expenses  ment #  reimbursement 
Class A  0.62%  0.25%  0.92%  1.79%  (0.48)%  1.31% 
Class B  0.62%  1.00%  0.92%  2.54%  (0.48)%  2.06% 
Class C  0.62%  1.00%  0.92%  2.54%  (0.48)%  2.06% 
Class M  0.62%  0.75%  0.92%  2.29%  (0.48)%  1.81% 
Class R  0.62%  0.50%  0.92%  2.04%  (0.48)%  1.56% 
Class Y  0.62%  N/A  0.92%  1.54%  (0.48)%  1.06% 

 

* 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.

# Reflects Putnam Investment Management, LLC’s contractual obligation to limit certain fund expenses through 12/30/2016. This obligation may be modified or discontinued only with approval of the Board of Trustees.

= Restated to reflect current fees resulting from a change to the fund’s investor servicing arrangements effective September 1, 2016.

Example

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. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.

Share class  1 year  3 years  5 years  10 years 
Class A  $701  $1,062  $1,447  $2,522 
Class B  $709  $1,045  $1,507  $2,655 
Class B (no redemption)  $209  $745  $1,307  $2,655 
Class C  $309  $745  $1,307  $2,840 
Class C (no redemption)  $209  $745  $1,307  $2,840 
Class M  $527  $996  $1,490  $2,848 
Class R  $159  $593  $1,054  $2,331 
Class Y  $108  $439  $794  $1,794 

 


Putnam Global Telecommunications Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)

            Total annual fund 
  Manage-  Distribution    Total annual  Expense  operating expenses 
Share  ment  and service  Other  fund operating  reimburse-  after expense 
class  fees  (12b-1) fees  expenses =  expenses  ment #  reimbursement 
Class A  0.62%  0.25%  0.96%  1.83%  (0.53)%  1.30% 
Class B  0.62%  1.00%  0.96%  2.58%  (0.53)%  2.05% 
Class C  0.62%  1.00%  0.96%  2.58%  (0.53)%  2.05% 
Class M  0.62%  0.75%  0.96%  2.33%  (0.53)%  1.80% 
Class R  0.62%  0.50%  0.96%  2.08%  (0.53)%  1.55% 
Class Y  0.62%  N/A  0.96%  1.58%  (0.53)%  1.05% 

 

* 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.

# Reflects Putnam Investment Management, LLC’s contractual obligation to limit certain fund expenses through 12/30/2016. This obligation may be modified or discontinued only with approval of the Board of Trustees.

= Restated to reflect current fees resulting from a change to the fund’s investor servicing arrangements effective September 1, 2016.

Example

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. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.

Share class  1 year  3 years  5 years  10 years 
Class A  $700  $1,069  $1,462  $2,558 
Class B  $708  $1,052  $1,523  $2,692 
Class B (no redemption)  $208  $752  $1,323  $2,692 
Class C  $308  $752  $1,323  $2,875 
Class C (no redemption)  $208  $752  $1,323  $2,875 
Class M  $526  $1,003  $1,505  $2,883 
Class R  $158  $601  $1,070  $2,368 
Class Y  $107  $447  $810  $1,833 

 


302223 8/16 

 


Prospectus Supplement August 1, 2016

Putnam International Value Fund Prospectuses dated October 30, 2015 Effective September 1, 2016, the sub-section Annual fund operating expenses in the section Fees and expenses will be deleted in its entirety and replaced with the following:

Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)

 

        Total annual
    Distribution and   fund operating
Share class Management fees service (12b-1) fees Other expenses expenses
Class A 0.65% 0.25% 0.42% = 1.32%
Class B 0.65% 1.00% 0.42% = 2.07%
Class C 0.65% 1.00% 0.42% = 2.07%
Class M 0.65% 0.75% 0.42% = 1.82%
Class R 0.65% 0.50% 0.42% = 1.57%
Class R6 0.65% N/A 0.21% 0.86%
Class Y 0.65% N/A 0.42% = 1.07%

* 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.

= Restated to reflect current fees resulting from a change to the fund’s investor servicing arrangements effective September 1, 2016.

Effective September 1, 2016, the sub-section Example in the section Fees and expenses will be deleted in its entirety and replaced with the following:

Example

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.

Share class 1 year 3 years 5 years 10 years
Class A $702 $969 $1,257 $2,074
Class B $710 $949 $1,314 $2,208
Class B (no redemption) $210 $649 $1,114 $2,208
Class C $310 $649 $1,114 $2,400
Class C (no redemption) $210 $649 $1,114 $2,400
Class M $528 $902 $1,301 $2,412
Class R $160 $496 $855 $1,867
Class R6 $88 $274 $477 $1,061
Class Y $109 $340 $590 $1,306

 


302088 8/16

 


Prospectus Supplement August 1, 2016

Putnam Small Cap Growth Fund Prospectuses dated October 30, 2015 Effective September 1, 2016, the sub-section Annual fund operating expenses in the section Fees and expenses will be deleted in its entirety and replaced with the following:

Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)

  Management Distribution and   Total annual fund
Share class fees† service (12b-1) fees Other expenses operating expenses
Class A 0.61% 0.25% 0.39% = 1.25%
Class B 0.61% 1.00% 0.39% = 2.00%
Class C 0.61% 1.00% 0.39% = 2.00%
Class M 0.61% 0.75% 0.39% = 1.75%
Class R 0.61% 0.50% 0.39% = 1.50%
Class R6 0.61% N/A 0.20% < 0.81%
Class Y 0.61% N/A 0.39% = 1.00%

* 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.

< Other expenses are based on expenses of Class Y shares for the fund’s last fiscal year, adjusted to reflect the lower investor servicing fees applicable to Class R6 shares.

= Restated to reflect current fees resulting from a change to the fund’s investor servicing arrangements effective September 1, 2016.

Effective September 1, 2016, the sub-section Example in the section Fees and expenses will be deleted in its entirety and replaced with the following:

Example

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.

Share class 1 year 3 years 5 years 10 years
Class A $695 $949 $1,222 $1,999
Class B $703 $927 $1,278 $2,134
Class B (no redemption) $203 $627 $1,078 $2,134
Class C $303 $627 $1,078 $2,327
Class C (no redemption) $203 $627 $1,078 $2,327
Class M $522 $882 $1,266 $2,340
Class R $153 $474 $818 $1,791
Class R6 $83 $259 $450 $1,002
Class Y $102 $318 $552 $1,225

 


302083 8/16

 

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