0000928816-16-003199.txt : 20160815 0000928816-16-003199.hdr.sgml : 20160815 20160815095429 ACCESSION NUMBER: 0000928816-16-003199 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 24 FILED AS OF DATE: 20160815 DATE AS OF CHANGE: 20160815 EFFECTIVENESS DATE: 20160815 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: 161830495 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 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 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

 


EX-101.INS 2 pft-20160801.xml XBRL INSTANCE FILE 0001005942 2016-08-01 2017-02-28 0001005942 PFT:S000024276Member 2016-08-01 2017-02-28 0001005942 PFT:S000024276Member PFT:C000071717Member 2016-08-01 2017-02-28 0001005942 PFT:S000024276Member PFT:C000071718Member 2016-08-01 2017-02-28 0001005942 PFT:S000024276Member PFT:C000071719Member 2016-08-01 2017-02-28 0001005942 PFT:S000024276Member PFT:C000071720Member 2016-08-01 2017-02-28 0001005942 PFT:S000024276Member PFT:C000071721Member 2016-08-01 2017-02-28 0001005942 PFT:S000024276Member PFT:C000071722Member 2016-08-01 2017-02-28 0001005942 PFT:S000024276Member PFT:C000118008Member 2016-08-01 2017-02-28 0001005942 PFT:S000023000Member 2016-08-01 2017-02-28 0001005942 PFT:S000023000Member PFT:C000066853Member 2016-08-01 2017-02-28 0001005942 PFT:S000023000Member PFT:C000066854Member 2016-08-01 2017-02-28 0001005942 PFT:S000023000Member PFT:C000066855Member 2016-08-01 2017-02-28 0001005942 PFT:S000023000Member PFT:C000066856Member 2016-08-01 2017-02-28 0001005942 PFT:S000023000Member PFT:C000066857Member 2016-08-01 2017-02-28 0001005942 PFT:S000023000Member PFT:C000066858Member 2016-08-01 2017-02-28 0001005942 PFT:S000024243Member 2016-08-01 2017-02-28 0001005942 PFT:S000024243Member PFT:C000071511Member 2016-08-01 2017-02-28 0001005942 PFT:S000024243Member PFT:C000071512Member 2016-08-01 2017-02-28 0001005942 PFT:S000024243Member PFT:C000071513Member 2016-08-01 2017-02-28 0001005942 PFT:S000024243Member PFT:C000071514Member 2016-08-01 2017-02-28 0001005942 PFT:S000024243Member PFT:C000071515Member 2016-08-01 2017-02-28 0001005942 PFT:S000024243Member PFT:C000071516Member 2016-08-01 2017-02-28 0001005942 PFT:S000024244Member 2016-08-01 2017-02-28 0001005942 PFT:S000024244Member PFT:C000071517Member 2016-08-01 2017-02-28 0001005942 PFT:S000024244Member PFT:C000071518Member 2016-08-01 2017-02-28 0001005942 PFT:S000024244Member PFT:C000071519Member 2016-08-01 2017-02-28 0001005942 PFT:S000024244Member PFT:C000071520Member 2016-08-01 2017-02-28 0001005942 PFT:S000024244Member PFT:C000071521Member 2016-08-01 2017-02-28 0001005942 PFT:S000024244Member PFT:C000071522Member 2016-08-01 2017-02-28 0001005942 PFT:S000024245Member 2016-08-01 2017-02-28 0001005942 PFT:S000024245Member PFT:C000071523Member 2016-08-01 2017-02-28 0001005942 PFT:S000024245Member PFT:C000071524Member 2016-08-01 2017-02-28 0001005942 PFT:S000024245Member PFT:C000071525Member 2016-08-01 2017-02-28 0001005942 PFT:S000024245Member PFT:C000071526Member 2016-08-01 2017-02-28 0001005942 PFT:S000024245Member PFT:C000071527Member 2016-08-01 2017-02-28 0001005942 PFT:S000024245Member PFT:C000071528Member 2016-08-01 2017-02-28 0001005942 PFT:S000024246Member 2016-08-01 2017-02-28 0001005942 PFT:S000024246Member PFT:C000071529Member 2016-08-01 2017-02-28 0001005942 PFT:S000024246Member PFT:C000071530Member 2016-08-01 2017-02-28 0001005942 PFT:S000024246Member PFT:C000071531Member 2016-08-01 2017-02-28 0001005942 PFT:S000024246Member PFT:C000071532Member 2016-08-01 2017-02-28 0001005942 PFT:S000024246Member PFT:C000071533Member 2016-08-01 2017-02-28 0001005942 PFT:S000024246Member PFT:C000071534Member 2016-08-01 2017-02-28 0001005942 PFT:S000024247Member 2016-08-01 2017-02-28 0001005942 PFT:S000024247Member PFT:C000071535Member 2016-08-01 2017-02-28 0001005942 PFT:S000024247Member PFT:C000071536Member 2016-08-01 2017-02-28 0001005942 PFT:S000024247Member PFT:C000071537Member 2016-08-01 2017-02-28 0001005942 PFT:S000024247Member PFT:C000071538Member 2016-08-01 2017-02-28 0001005942 PFT:S000024247Member PFT:C000071539Member 2016-08-01 2017-02-28 0001005942 PFT:S000024247Member PFT:C000071540Member 2016-08-01 2017-02-28 0001005942 PFT:S000024248Member 2016-08-01 2017-02-28 0001005942 PFT:S000024248Member PFT:C000071541Member 2016-08-01 2017-02-28 0001005942 PFT:S000024248Member PFT:C000071542Member 2016-08-01 2017-02-28 0001005942 PFT:S000024248Member PFT:C000071543Member 2016-08-01 2017-02-28 0001005942 PFT:S000024248Member PFT:C000071544Member 2016-08-01 2017-02-28 0001005942 PFT:S000024248Member PFT:C000071545Member 2016-08-01 2017-02-28 0001005942 PFT:S000024248Member PFT:C000071546Member 2016-08-01 2017-02-28 0001005942 PFT:S000000775Member 2016-08-01 2017-02-28 0001005942 PFT:S000000775Member PFT:C000002291Member 2016-08-01 2017-02-28 0001005942 PFT:S000000775Member PFT:C000002292Member 2016-08-01 2017-02-28 0001005942 PFT:S000000775Member PFT:C000002293Member 2016-08-01 2017-02-28 0001005942 PFT:S000000775Member PFT:C000002294Member 2016-08-01 2017-02-28 0001005942 PFT:S000000775Member PFT:C000002295Member 2016-08-01 2017-02-28 0001005942 PFT:S000000775Member PFT:C000136806Member 2016-08-01 2017-02-28 0001005942 PFT:S000000775Member PFT:C000002290Member 2016-08-01 2017-02-28 0001005942 PFT:S000000777Member 2016-08-01 2017-02-28 0001005942 PFT:S000000777Member PFT:C000002303Member 2016-08-01 2017-02-28 0001005942 PFT:S000000777Member PFT:C000002304Member 2016-08-01 2017-02-28 0001005942 PFT:S000000777Member PFT:C000002301Member 2016-08-01 2017-02-28 0001005942 PFT:S000000777Member PFT:C000002305Member 2016-08-01 2017-02-28 0001005942 PFT:S000000777Member PFT:C000002306Member 2016-08-01 2017-02-28 0001005942 PFT:S000000777Member PFT:C000158897Member 2016-08-01 2017-02-28 0001005942 PFT:S000000777Member PFT:C000002302Member 2016-08-01 2017-02-28 0001005942 2016-08-01 2016-08-01 iso4217:USD xbrli:pure 497 2016-11-30 PUTNAM FUNDS TRUST 0001005942 false PFT 2016-08-01 2016-09-01 2015-10-30 <div style="padding-left: 0%; padding-right: 0%"><div align="left"><table border="0" cellspacing="0" style="width: 80%"><tr style="vertical-align: bottom"><td nowrap="nowrap" style="text-align: left"><font style="font: medium sans-serif">Prospectus Supplement</font><i><font style="font: medium sans-serif"> </font></i></td> <td nowrap="nowrap" style="text-align: right"><i><font style="font: small sans-serif">August 1, 2016</font></i></td></tr> <tr> <td colspan="2"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Absolute Return 700 Fund </font></b><font style="font: x-small sans-serif">Prospectuses dated February 28, 2016 Effective September 1, 2016, the sub-section </font><i><font style="font: x-small sans-serif">Annual fund operating expenses </font></i><font style="font: x-small sans-serif">in the section </font><i><font style="font: x-small sans-serif">Fees and expenses </font></i><font style="font: x-small sans-serif">will be deleted in its entirety and replaced with the following:</font></p> <p style="text-align: left"><b><font style="font: x-small sans-serif">Annual fund operating expenses</font></b><br /><i><font style="font: x-small sans-serif">(expenses you pay each year as a percentage of the value of your investment)</font></i></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 16%"></td> <td style="width: 16%"></td> <td style="width: 16%"></td> <td style="width: 16%"></td> <td style="width: 16%"></td> <td style="width: 16%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 16%; text-align: left"></td> <td nowrap="nowrap" style="width: 16%; text-align: left"></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><b><font style="font: xx-small sans-serif">Distribution</font></b></td> <td nowrap="nowrap" style="width: 16%; text-align: left"></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><b><font style="font: xx-small sans-serif">Acquired</font></b></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual</font></b></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 16%; text-align: left"></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><b><font style="font: xx-small sans-serif">Management</font></b></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><b><font style="font: xx-small sans-serif">and service</font></b></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><b><font style="font: xx-small sans-serif">Other</font></b></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><b><font style="font: xx-small sans-serif">fund fees and</font></b></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><b><font style="font: xx-small sans-serif">fund operating</font></b></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 16%; text-align: left"><b><font style="font: xx-small sans-serif">Share class</font></b></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><b><font style="font: xx-small sans-serif">fees</font></b><font style="font: xx-small sans-serif">&#8224;</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><b><font style="font: xx-small sans-serif">(12b-1) fees</font></b></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><b><font style="font: xx-small sans-serif">expenses</font></b></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><b><font style="font: xx-small sans-serif">expenses</font></b></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><b><font style="font: xx-small sans-serif">expenses</font></b></td></tr> <tr> <td colspan="6" style="width: 96%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">Class A</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.81%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.25%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.23%</font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.01%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">1.30%</font></td></tr> <tr> <td colspan="6" style="width: 96%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">Class B</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.81%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.23%</font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.01%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">2.05%</font></td></tr> <tr> <td colspan="6" style="width: 96%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">Class C</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.81%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.23%</font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.01%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">2.05%</font></td></tr> <tr> <td colspan="6" style="width: 96%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">Class M</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.81%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.75%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.23%</font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.01%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">1.80%</font></td></tr> <tr> <td colspan="6" style="width: 96%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">Class R</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.81%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.50%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.23%</font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.01%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">1.55%</font></td></tr> <tr> <td colspan="6" style="width: 96%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">Class R6</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.81%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">N/A</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.12%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.01%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.94%</font></td></tr> <tr> <td colspan="6" style="width: 96%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.81%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">N/A</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.23%</font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">0.01%</font></td> <td nowrap="nowrap" style="width: 16%; text-align: left"><font style="font: xx-small sans-serif">1.05%</font></td></tr> <tr> <td colspan="6" style="width: 96%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px">&#160;</p> <p style="text-align: left"><font style="font: xx-small sans-serif">* Applies only to certain redemptions of shares bought with no initial sales charge.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">** This charge is phased out over six years. </font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">*** This charge is eliminated after one year.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">&#8224; Management fees are subject to a performance adjustment.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">= Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p> <p style="text-align: left"><font style="font: x-small sans-serif">Effective September 1, 2016, the sub-section </font><i><font style="font: x-small sans-serif">Example </font></i><font style="font: x-small sans-serif">in the section </font><i><font style="font: x-small sans-serif">Fees and expenses </font></i><font style="font: x-small sans-serif">will be deleted in its entirety and replaced with the following:</font></p> <p style="text-align: left"><b><font style="font: x-small sans-serif">Example</font></b></p> <p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;s operating expenses remain the same. Your actual costs may be higher or lower.</font></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Share class</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">1 year</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">3 years</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">5 years</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">10 years</font></b></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class A</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$700</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$963</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,247</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,053</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$708</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$943</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,303</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,187</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B (no redemption)</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$208</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$643</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,103</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,187</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$308</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$643</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,103</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,379</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C (no redemption)</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$208</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$643</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,103</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,379</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class M</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$526</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$897</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,291</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,392</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$158</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$490</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$845</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,845</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R6</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$96</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$300</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$520</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,155</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$107</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$334</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$579</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,283</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px">&#160;</p> <img border="0" src="pftsuppx1x1.jpg" alt="[GRAPHIC OMITTED]" /> <br /> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 100%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: right"><font style="font: xx-small sans-serif">302103 8/16</font></td></tr></table></div> <p style="margin: 0px">&#160;</p></div> <hr align="center" size="2" noshade="noshade" style="width: 100%" /> <br /> <div style="padding-left: 0%; padding-right: 0%"> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 85%"></td> <td style="width: 15%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: left"><font style="font: medium sans-serif">Prospectus Supplement</font><i><font style="font: medium sans-serif"> </font></i></td> <td nowrap="nowrap" style="text-align: right"><i><font style="font: small sans-serif">August 1, 2016</font></i></td></tr> <tr> <td colspan="2"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Emerging Markets Equity Fund </font></b><font style="font: x-small sans-serif">Prospectuses dated December 30, 2015 Effective September 1, 2016, the sub-section </font><i><font style="font: x-small sans-serif">Annual fund operating expenses </font></i><font style="font: x-small sans-serif">in the section </font><i><font style="font: x-small sans-serif">Fees and expenses </font></i><font style="font: x-small sans-serif">will be deleted in its entirety and replaced with the following:</font></p> <p style="text-align: left"><b><font style="font: x-small sans-serif">Annual fund operating expenses</font></b><br /><i><font style="font: x-small sans-serif">(expenses you pay each year as a percentage of the value of your investment)</font></i></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 12%"></td> <td style="width: 12%"></td> <td style="width: 12%"></td> <td style="width: 12%"></td> <td style="width: 12%"></td> <td style="width: 12%"></td> <td style="width: 12%"></td> <td style="width: 12%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 12%; text-align: left"></td> <td nowrap="nowrap" style="width: 12%; text-align: left"></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">Distribu-</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"></td> <td nowrap="nowrap" style="width: 12%; text-align: left"></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">Total</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual</font></b></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 12%; text-align: left"></td> <td nowrap="nowrap" style="width: 12%; text-align: left"></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">tion and</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">Acquired</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">annual</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">Expense</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">fund operating</font></b></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 12%; text-align: left"></td> <td nowrap="nowrap" style="width: 12%; text-align: left"></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">service</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">fund fees</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">fund oper-</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">reim-</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">expenses</font></b></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">Share</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">Manage-</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">(12b-1)</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">Other</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">and</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">ating</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">burse-</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">after expense</font></b></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">class</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">ment fees&#8224;</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">fees</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">expenses</font></b><font style="font: xx-small sans-serif">=</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">expenses</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">expenses</font></b></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">ment</font></b><font style="font: xx-small sans-serif">#</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><b><font style="font: xx-small sans-serif">reimbursement</font></b></td></tr> <tr> <td colspan="8" style="width: 96%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">Class A</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.96%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.25%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.87%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.01%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">2.09%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">(0.42)%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">1.67%</font></td></tr> <tr> <td colspan="8" style="width: 96%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">Class B</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.96%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.87%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.01%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">2.84%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">(0.42)%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">2.42%</font></td></tr> <tr> <td colspan="8" style="width: 96%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">Class C</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.96%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.87%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.01%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">2.84%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">(0.42)%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">2.42%</font></td></tr> <tr> <td colspan="8" style="width: 96%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">Class M</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.96%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.75%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.87%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.01%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">2.59%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">(0.42)%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">2.17%</font></td></tr> <tr> <td colspan="8" style="width: 96%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">Class R</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.96%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.50%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.87%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.01%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">2.34%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">(0.42)%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">1.92%</font></td></tr> <tr> <td colspan="8" style="width: 96%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.96%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">N/A</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.87%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">0.01%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">1.84%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">(0.42)%</font></td> <td nowrap="nowrap" style="width: 12%; text-align: left"><font style="font: xx-small sans-serif">1.42%</font></td></tr> <tr> <td colspan="8" style="width: 96%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="text-align: left"><font style="font: xx-small sans-serif">* Applies only to certain redemptions of shares bought with no initial sales charge.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">** This charge is phased out over six years. </font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">*** This charge is eliminated after one year.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">&#8224; Management fees are subject to a performance adjustment.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">= Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif"># Reflects Putnam Investment Management, LLC&#8217;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.</font></p> <p style="text-align: left"><font style="font: x-small sans-serif">Effective September 1, 2016, the sub-section </font><i><font style="font: x-small sans-serif">Example </font></i><font style="font: x-small sans-serif">in the section </font><i><font style="font: x-small sans-serif">Fees and expenses </font></i><font style="font: x-small sans-serif">will be deleted in its entirety and replaced with the following:</font></p> <p style="text-align: left"><b><font style="font: x-small sans-serif">Example</font></b></p> <p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;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.</font></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Share class</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">1 year</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">3 years</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">5 years</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">10 years</font></b></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class A</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$735</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,154</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,598</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,826</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$745</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,141</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,662</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,958</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B (no redemption)</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$245</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$841</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,462</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,958</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$345</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$841</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,462</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$3,137</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C (no redemption)</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$245</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$841</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,462</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$3,137</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class M</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$562</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,089</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,641</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$3,143</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$195</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$691</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,213</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,645</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$145</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$538</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$957</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,125</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px">&#160;</p> <img border="0" src="pftsuppx1x1.jpg" alt="[GRAPHIC OMITTED]" /> <br /> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 100%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: right"><font style="font: xx-small sans-serif">302091 8/16</font></td></tr></table></div> <p style="margin: 0px">&#160;</p></div> <hr align="center" size="2" noshade="noshade" style="width: 100%" /> <br /> <div style="padding-left: 0%; padding-right: 0%"> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 69%"></td> <td style="width: 30%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: left"><font style="font: medium sans-serif">Prospectus Supplement</font><i><font style="font: medium sans-serif"> </font></i>&#160;</td> <td nowrap="nowrap" style="text-align: right"><i><font style="font: small sans-serif">August 1, 2016</font></i>&#160;</td></tr> <tr> <td colspan="2"> <hr size="1" noshade="noshade" /> </td></tr> <tr> <td colspan="2">&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Global Consumer Fund</font></b>&#160;</td> <td nowrap="nowrap" style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Global Energy Fund</font></b>&#160;</td> <td nowrap="nowrap" style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Global Financials Fund</font></b>&#160;</td> <td nowrap="nowrap" style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Global Industrials Fund</font></b>&#160;</td> <td nowrap="nowrap" style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Global Natural Resources Fund</font></b>&#160;</td> <td nowrap="nowrap" style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Global Technology Fund</font></b>&#160;</td> <td nowrap="nowrap" style="text-align: left">&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Global Telecommunications Fund</font></b>&#160;</td> <td nowrap="nowrap" style="text-align: left">&#160;</td></tr></table></div> <p style="margin: 0px"><font style="font: x-small sans-serif"></font>&#160;</p> <p style="margin: 0px"><font style="font: x-small sans-serif">Prospectus dated December 30, 2015</font></p> <p style="text-align: left"><font style="font: x-small sans-serif">Effective September 1, 2016, in the </font><i><font style="font: x-small sans-serif">Fund summaries </font></i><font style="font: x-small sans-serif">section for each fund, the sub-sections </font><i><font style="font: x-small sans-serif">Annual fund operating expenses </font></i><font style="font: x-small sans-serif">and </font><i><font style="font: x-small sans-serif">Example </font></i><font style="font: x-small sans-serif">in the section </font><i><font style="font: x-small sans-serif">Fees and expenses </font></i><font style="font: x-small sans-serif">will be deleted in their entirety and replaced as indicated below:</font></p></div> <hr align="center" size="2" noshade="noshade" style="width: 100%" /> <br /> <div style="padding-left: 0%; padding-right: 0%"> <p style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Global Consumer Fund</font></b><br /><b><font style="font: x-small sans-serif">Annual fund operating expenses</font></b><br /><i><font style="font: x-small sans-serif">(expenses you pay each year as a percentage of the value of your investment)</font></i></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual fund</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Manage-</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Distribution</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Expense</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">operating expenses</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Share</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">ment</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">and service</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Other</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">fund operating</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">reimburse-</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">after expense</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">class</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">fees</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">(12b-1) fees</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">expenses </font></b><font style="font: xx-small sans-serif">=</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">expenses</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">ment </font></b><font style="font: xx-small sans-serif">#</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">reimbursement</font></b>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class A</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.25%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.88%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.75%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.46)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.29%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class B</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.88%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.50%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.46)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.04%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class C</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.88%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.50%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.46)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.04%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class M</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.75%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.88%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.25%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.46)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.79%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class R</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.50%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.88%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.00%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.46)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.54%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">N/A</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.88%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.50%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.46)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.04%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px"><font style="font: xx-small sans-serif"></font>&#160;</p> <p style="margin: 0px"><font style="font: xx-small sans-serif">* Applies only to certain redemptions of shares bought with no initial sales charge.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">** This charge is phased out over six years.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">*** This charge is eliminated after one year.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif"># Reflects Putnam Investment Management, LLC&#8217;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.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">= Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p> <p style="text-align: left"><b><font style="font: x-small sans-serif">Example</font></b></p> <p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;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.</font></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Share class</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">1 year</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">3 years</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">5 years</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">10 years</font></b>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class A</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$699</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,052</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,429</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,483</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$707</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,035</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,489</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,616</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B (no redemption)</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$207</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$735</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,289</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,616</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$307</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$735</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,289</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,801</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C (no redemption)</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$207</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$735</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,289</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,801</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class M</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$526</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$986</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,472</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,810</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$157</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$583</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,035</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,290</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$106</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$429</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$775</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,751</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px">&#160;</p></div> <hr align="center" size="2" noshade="noshade" style="width: 100%" /> <br /> <div style="padding-left: 0%; padding-right: 0%"> <p style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Global Energy Fund</font></b><br /><b><font style="font: x-small sans-serif">Annual fund operating expenses</font></b><br /><i><font style="font: x-small sans-serif">(expenses you pay each year as a percentage of the value of your investment)</font></i></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual fund</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Manage-</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Distribution</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Expense</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">operating expenses</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Share</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">ment</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">and service</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Other</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">fund operating</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">reimburse-</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">after expense</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">class</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">fees</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">(12b-1) fees</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">expenses </font></b><font style="font: xx-small sans-serif">=</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">expenses</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">ment </font></b><font style="font: xx-small sans-serif">#</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">reimbursement</font></b>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class A</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.25%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.85%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.72%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.39)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.33%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class B</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.85%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.47%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.39)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.08%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class C</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.85%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.47%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.39)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.08%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class M</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.75%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.85%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.22%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.39)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.83%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class R</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.50%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.85%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.97%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.39)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.58%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">N/A</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.85%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.47%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.39)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.08%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px"><font style="font: xx-small sans-serif"></font>&#160;</p> <p style="margin: 0px"><font style="font: xx-small sans-serif">* Applies only to certain redemptions of shares bought with no initial sales charge.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">** This charge is phased out over six years.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">*** This charge is eliminated after one year.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif"># Reflects Putnam Investment Management, LLC&#8217;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.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">= Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p> <p style="text-align: left"><b><font style="font: x-small sans-serif">Example</font></b></p> <p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;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.</font></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Share class</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">1 year</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">3 years</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">5 years</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">10 years</font></b>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class A</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$703</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,050</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,420</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,458</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$711</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,032</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,480</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,591</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B (no redemption)</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$211</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$732</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,280</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,591</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$311</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$732</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,280</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,777</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C (no redemption)</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$211</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$732</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,280</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,777</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class M</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$529</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$984</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,464</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,786</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$161</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$581</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,026</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,264</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$110</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$427</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$766</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,724</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px">&#160;</p></div> <hr align="center" size="2" noshade="noshade" style="width: 100%" /> <br /> <div style="padding-left: 0%; padding-right: 0%"> <p style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Global Financials Fund</font></b><br /><b><font style="font: x-small sans-serif">Annual fund operating expenses</font></b><br /><i><font style="font: x-small sans-serif">(expenses you pay each year as a percentage of the value of your investment)</font></i></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual fund</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Manage-</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Distribution</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Expense</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">operating expenses</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Share</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">ment</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">and service</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Other</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">fund operating</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">reimburse-</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">after expense</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">class</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">fees</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">(12b-1) fees</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">expenses </font></b><font style="font: xx-small sans-serif">=</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">expenses</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">ment </font></b><font style="font: xx-small sans-serif">#</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">reimbursement</font></b>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class A</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.25%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.44%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.31%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(1.00)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.31%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class B</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.44%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">3.06%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(1.00)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.06%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class C</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.44%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">3.06%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(1.00)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.06%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class M</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.75%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.44%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.81%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(1.00)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.81%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class R</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.50%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.44%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.56%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(1.00)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.56%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">N/A</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.44%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.06%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(1.00)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.06%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px"><font style="font: xx-small sans-serif"></font>&#160;</p> <p style="margin: 0px"><font style="font: xx-small sans-serif">* Applies only to certain redemptions of shares bought with no initial sales charge.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">** This charge is phased out over six years.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">*** This charge is eliminated after one year.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif"># Reflects Putnam Investment Management, LLC&#8217;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.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">= Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p> <p style="text-align: left"><b><font style="font: x-small sans-serif">Example</font></b></p> <p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;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.</font></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Share class</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">1 year</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">3 years</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">5 years</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">10 years</font></b>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class A</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$701</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,164</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,653</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,996</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$709</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,151</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,719</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$3,128</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B (no redemption)</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$209</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$851</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,519</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$3,128</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$309</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$851</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,519</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$3,304</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C (no redemption)</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$209</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$851</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,519</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$3,304</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class M</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$527</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,099</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,697</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$3,308</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$159</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$701</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,271</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,820</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$108</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$549</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,016</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,310</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px">&#160;</p></div> <hr align="center" size="2" noshade="noshade" style="width: 100%" /> <br /> <div style="padding-left: 0%; padding-right: 0%"> <p style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Global Industrials Fund</font></b><br /><b><font style="font: x-small sans-serif">Annual fund operating expenses</font></b><br /><i><font style="font: x-small sans-serif">(expenses you pay each year as a percentage of the value of your investment)</font></i></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual fund</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Manage-</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Distribution</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Expense</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">operating expenses</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Share</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">ment</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">and service</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Other</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">fund operating</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">reimburse-</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">after expense</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">class</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">fees</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">(12b-1) fees</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">expenses </font></b><font style="font: xx-small sans-serif">=</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">expenses</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">ment </font></b><font style="font: xx-small sans-serif">#</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">reimbursement</font></b>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class A</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.25%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.16%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.03%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.70)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.33%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class B</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.16%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.78%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.70)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.08%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class C</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.16%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.78%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.70)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.08%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class M</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.75%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.16%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.53%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.70)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.83%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class R</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.50%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.16%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.28%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.70)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.58%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">N/A</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.16%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.78%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.70)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.08%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px"><font style="font: xx-small sans-serif"></font>&#160;</p> <p style="margin: 0px"><font style="font: xx-small sans-serif">* Applies only to certain redemptions of shares bought with no initial sales charge.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">** This charge is phased out over six years.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">*** This charge is eliminated after one year.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif"># Reflects Putnam Investment Management, LLC&#8217;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.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">= Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p> <p style="text-align: left"><b><font style="font: x-small sans-serif">Example</font></b></p> <p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;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.</font></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Share class</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">1 year</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">3 years</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">5 years</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">10 years</font></b>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class A</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$703</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,111</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,544</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,745</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$711</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,096</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,607</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,878</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B (no redemption)</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$211</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$796</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,407</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,878</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$311</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$796</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,407</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$3,058</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C (no redemption)</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$211</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$796</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,407</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$3,058</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class M</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$529</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,046</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,588</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$3,065</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$161</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$645</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,156</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,561</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$110</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$492</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$899</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,037</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px">&#160;</p></div> <hr align="center" size="2" noshade="noshade" style="width: 100%" /> <br /> <div style="padding-left: 0%; padding-right: 0%"> <p style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Global Natural Resources Fund</font></b><br /><b><font style="font: x-small sans-serif">Annual fund operating expenses</font></b><br /><i><font style="font: x-small sans-serif">(expenses you pay each year as a percentage of the value of your investment)</font></i></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Share</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Manage-</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Distribution and</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual fund operating</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">class</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">ment fees</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">service (12b-1) fees</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Other expenses </font></b><font style="font: xx-small sans-serif">=</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">expenses</font></b>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class A</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.25%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.37%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.24%</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.37%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.99%</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.37%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.99%</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class M</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.75%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.37%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.74%</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.50%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.37%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.49%</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">N/A</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.37%</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.99%</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px"><font style="font: xx-small sans-serif"></font>&#160;</p> <p style="margin: 0px"><font style="font: xx-small sans-serif">* Applies only to certain redemptions of shares bought with no initial sales charge.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">** This charge is phased out over six years.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">*** This charge is eliminated after one year.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">= Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p> <p style="text-align: left"><b><font style="font: x-small sans-serif">Example</font></b></p> <p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;s operating expenses remain the same. Your actual costs may be higher or lower.</font></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Share class</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">1 year</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">3 years</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">5 years</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">10 years</font></b>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class A</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$694</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$946</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,217</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,989</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$702</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$924</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,273</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,123</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B (no redemption)</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$202</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$624</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,073</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,123</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$302</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$624</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,073</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,317</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C (no redemption)</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$202</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$624</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,073</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,317</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class M</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$521</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$879</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,261</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,330</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$152</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$471</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$813</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,779</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$101</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$315</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$547</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,213</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px">&#160;</p></div> <hr align="center" size="2" noshade="noshade" style="width: 100%" /> <br /> <div style="padding-left: 0%; padding-right: 0%"> <p style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Global Technology Fund</font></b><br /><b><font style="font: x-small sans-serif">Annual fund operating expenses</font></b><br /><i><font style="font: x-small sans-serif">(expenses you pay each year as a percentage of the value of your investment)</font></i></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual fund</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Manage-</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Distribution</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Expense</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">operating expenses</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Share</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">ment</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">and service</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Other</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">fund operating</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">reimburse-</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">after expense</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">class</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">fees</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">(12b-1) fees</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">expenses </font></b><font style="font: xx-small sans-serif">=</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">expenses</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">ment </font></b><font style="font: xx-small sans-serif">#</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">reimbursement</font></b>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class A</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.25%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.92%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.79%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.48)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.31%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class B</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.92%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.54%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.48)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.06%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class C</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.92%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.54%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.48)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.06%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class M</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.75%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.92%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.29%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.48)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.81%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class R</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.50%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.92%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.04%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.48)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.56%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">N/A</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.92%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.54%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.48)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.06%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px"><font style="font: xx-small sans-serif"></font>&#160;</p> <p style="margin: 0px"><font style="font: xx-small sans-serif">* Applies only to certain redemptions of shares bought with no initial sales charge.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">** This charge is phased out over six years.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">*** This charge is eliminated after one year.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif"># Reflects Putnam Investment Management, LLC&#8217;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.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">= Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p> <p style="text-align: left"><b><font style="font: x-small sans-serif">Example</font></b></p> <p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;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.</font></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Share class</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">1 year</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">3 years</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">5 years</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">10 years</font></b>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class A</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$701</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,062</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,447</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,522</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$709</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,045</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,507</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,655</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B (no redemption)</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$209</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$745</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,307</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,655</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$309</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$745</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,307</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,840</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C (no redemption)</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$209</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$745</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,307</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,840</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class M</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$527</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$996</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,490</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,848</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$159</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$593</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,054</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,331</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$108</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$439</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$794</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,794</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px">&#160;</p></div> <hr align="center" size="2" noshade="noshade" style="width: 100%" /> <br /> <div style="padding-left: 0%; padding-right: 0%"> <p style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Global Telecommunications Fund</font></b><br /><b><font style="font: x-small sans-serif">Annual fund operating expenses</font></b><br /><i><font style="font: x-small sans-serif">(expenses you pay each year as a percentage of the value of your investment)</font></i></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td> <td style="width: 14%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual fund</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Manage-</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Distribution</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Expense</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">operating expenses</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Share</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">ment</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">and service</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">Other</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">fund operating</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">reimburse-</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">after expense</font></b>&#160;</td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">class</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">fees</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">(12b-1) fees</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">expenses </font></b><font style="font: xx-small sans-serif">=</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">expenses</font></b>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">ment </font></b><font style="font: xx-small sans-serif">#</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><b><font style="font: xx-small sans-serif">reimbursement</font></b>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class A</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.25%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.96%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.83%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.53)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.30%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class B</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.96%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.58%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.53)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.05%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class C</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.96%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.58%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.53)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.05%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class M</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.75%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.96%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.33%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.53)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.80%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class R</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.50%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.96%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">2.08%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.53)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.55%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.62%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">N/A</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">0.96%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.58%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">(0.53)%</font>&#160;</td> <td nowrap="nowrap" style="width: 14%; text-align: left"><font style="font: xx-small sans-serif">1.05%</font>&#160;</td></tr> <tr> <td colspan="7" style="width: 98%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px"><font style="font: xx-small sans-serif"></font>&#160;</p> <p style="margin: 0px"><font style="font: xx-small sans-serif">* Applies only to certain redemptions of shares bought with no initial sales charge.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">** This charge is phased out over six years.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">*** This charge is eliminated after one year.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif"># Reflects Putnam Investment Management, LLC&#8217;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.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">= Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p> <p style="text-align: left"><b><font style="font: x-small sans-serif">Example</font></b></p> <p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;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.</font></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Share class</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">1 year</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">3 years</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">5 years</font></b>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">10 years</font></b>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class A</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$700</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,069</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,462</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,558</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$708</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,052</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,523</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,692</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B (no redemption)</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$208</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$752</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,323</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,692</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$308</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$752</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,323</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,875</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C (no redemption)</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$208</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$752</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,323</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,875</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class M</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$526</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,003</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,505</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,883</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$158</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$601</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,070</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,368</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$107</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$447</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$810</font>&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,833</font>&#160;</td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px">&#160;</p> <img border="0" src="pftsuppx1x1.jpg" alt="[GRAPHIC OMITTED]" /> <br /> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 100%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: right"><font style="font: xx-small sans-serif">302223 8/16</font>&#160;</td></tr></table></div> <p style="margin: 0px">&#160;</p></div> <hr align="center" size="2" noshade="noshade" style="width: 100%" /> <br /> <div style="padding-left: 0%; padding-right: 0%"> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 85%"></td> <td style="width: 15%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: left"><font style="font: medium sans-serif">Prospectus Supplement</font><i><font style="font: medium sans-serif"> </font></i></td> <td nowrap="nowrap" style="text-align: right"><i><font style="font: small sans-serif">August 1, 2016</font></i></td></tr> <tr> <td colspan="2"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="text-align: left"><b><font style="font: x-small sans-serif">Putnam International Value Fund </font></b><font style="font: x-small sans-serif">Prospectuses dated October 30, 2015 Effective September 1, 2016, the sub-section </font><i><font style="font: x-small sans-serif">Annual fund operating expenses </font></i><font style="font: x-small sans-serif">in the section </font><i><font style="font: x-small sans-serif">Fees and expenses </font></i><font style="font: x-small sans-serif">will be deleted in its entirety and replaced with the following:</font></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 100%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: left"><b><font style="font: x-small sans-serif">Annual fund operating expenses</font></b></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: left"><i><font style="font: x-small sans-serif">(expenses you pay each year as a percentage of the value of your investment)</font></i></td></tr></table></div> <p style="margin: 0px">&#160;</p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual</font></b></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Distribution and</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">fund operating</font></b></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Share class</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Management fees</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">service (12b-1) fees</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Other expenses</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">expenses</font></b></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class A</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.65%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.25%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.42% </font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.32%</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.65%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.42% </font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">2.07%</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.65%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.42% </font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">2.07%</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class M</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.65%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.75%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.42% </font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.82%</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.65%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.50%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.42% </font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.57%</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R6</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.65%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">N/A</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.21%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.86%</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.65%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">N/A</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.42% </font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.07%</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="text-align: left"><font style="font: xx-small sans-serif">* Applies only to certain redemptions of shares bought with no initial sales charge.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">** This charge is phased out over six years. </font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">*** This charge is eliminated after one year.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">= Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p> <p style="text-align: left"><font style="font: x-small sans-serif">Effective September 1, 2016, the sub-section </font><i><font style="font: x-small sans-serif">Example </font></i><font style="font: x-small sans-serif">in the section </font><i><font style="font: x-small sans-serif">Fees and expenses </font></i><font style="font: x-small sans-serif">will be deleted in its entirety and replaced with the following:</font></p> <p style="text-align: left"><b><font style="font: x-small sans-serif">Example</font></b></p> <p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;s operating expenses remain the same. Your actual costs may be higher or lower.</font></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Share class</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">1 year</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">3 years</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">5 years</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">10 years</font></b></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class A</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$702</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$969</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,257</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,074</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$710</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$949</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,314</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,208</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B (no redemption)</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$210</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$649</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,114</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,208</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$310</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$649</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,114</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,400</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C (no redemption)</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$210</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$649</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,114</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,400</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class M</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$528</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$902</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,301</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,412</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$160</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$496</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$855</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,867</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R6</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$88</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$274</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$477</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,061</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$109</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$340</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$590</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,306</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px">&#160;</p> <img border="0" src="pftsuppx1x1.jpg" alt="[GRAPHIC OMITTED]" /> <br /> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 100%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: right"><font style="font: xx-small sans-serif">302088 8/16</font></td></tr></table></div> <p style="margin: 0px">&#160;</p></div> <hr align="center" size="2" noshade="noshade" style="width: 100%" /> <br /> <div style="padding-left: 0%; padding-right: 0%"> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 50%"></td> <td style="width: 50%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 50%; text-align: left"><font style="font: medium sans-serif">Prospectus Supplement</font><i><font style="font: medium sans-serif"> </font></i></td> <td nowrap="nowrap" style="width: 50%; text-align: right"><i><font style="font: small sans-serif">August 1, 2016</font></i></td></tr> <tr> <td colspan="2" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="text-align: left"><b><font style="font: x-small sans-serif">Putnam Small Cap Growth Fund </font></b><font style="font: x-small sans-serif">Prospectuses dated October 30, 2015 Effective September 1, 2016, the sub-section </font><i><font style="font: x-small sans-serif">Annual fund operating expenses </font></i><font style="font: x-small sans-serif">in the section </font><i><font style="font: x-small sans-serif">Fees and expenses </font></i><font style="font: x-small sans-serif">will be deleted in its entirety and replaced with the following:</font></p> <p style="text-align: left"><b><font style="font: x-small sans-serif">Annual fund operating expenses</font></b><br /><i><font style="font: x-small sans-serif">(expenses you pay each year as a percentage of the value of your investment)</font></i></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Management</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Distribution and</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left">&#160;</td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Total annual fund</font></b></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Share class</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">fees&#8224;</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">service (12b-1) fees</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Other expenses</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">operating expenses</font></b></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class A</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.61%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.25%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.39% </font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.25%</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.61%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.39% </font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">2.00%</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.61%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.39% </font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">2.00%</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class M</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.61%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.75%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.39% </font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.75%</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.61%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.50%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.39% </font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.50%</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R6</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.61%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">N/A</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.20% </font><sup><font style="font: xx-small sans-serif">&#60;</font></sup></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.81%</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.61%</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">N/A</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">0.39% </font><sup><font style="font: xx-small sans-serif">=</font></sup></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">1.00%</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="text-align: left"><font style="font: xx-small sans-serif">* Applies only to certain redemptions of shares bought with no initial sales charge.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">** This charge is phased out over six years. </font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">*** This charge is eliminated after one year.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">&#8224; Management fees are subject to a performance adjustment.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">&#60; Other expenses are based on expenses of Class Y shares for the fund&#8217;s last fiscal year, adjusted to reflect the lower investor servicing fees applicable to Class R6 shares.</font></p> <p style="text-align: left"><font style="font: xx-small sans-serif">= Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p> <p style="text-align: left"><font style="font: x-small sans-serif">Effective September 1, 2016, the sub-section </font><i><font style="font: x-small sans-serif">Example </font></i><font style="font: x-small sans-serif">in the section </font><i><font style="font: x-small sans-serif">Fees and expenses </font></i><font style="font: x-small sans-serif">will be deleted in its entirety and replaced with the following:</font></p> <p style="text-align: left"><b><font style="font: x-small sans-serif">Example</font></b></p> <p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;s operating expenses remain the same. Your actual costs may be higher or lower.</font></p> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td> <td style="width: 20%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">Share class</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">1 year</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">3 years</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">5 years</font></b></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><b><font style="font: xx-small sans-serif">10 years</font></b></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class A</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$695</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$949</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,222</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,999</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$703</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$927</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,278</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,134</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class B (no redemption)</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$203</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$627</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,078</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,134</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$303</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$627</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,078</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,327</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class C (no redemption)</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$203</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$627</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,078</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,327</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class M</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$522</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$882</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,266</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$2,340</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$153</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$474</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$818</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,791</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class R6</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$83</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$259</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$450</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,002</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">Class Y</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$102</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$318</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$552</font></td> <td nowrap="nowrap" style="width: 20%; text-align: left"><font style="font: xx-small sans-serif">$1,225</font></td></tr> <tr> <td colspan="5" style="width: 100%"> <hr size="1" noshade="noshade" /> </td></tr></table></div> <p style="margin: 0px">&#160;</p> <img border="0" src="pftsuppx1x1.jpg" alt="[GRAPHIC OMITTED]" /> <br /> <div align="left"> <table border="0" cellspacing="0" style="width: 80%"> <tr> <td style="width: 100%"></td></tr> <tr style="vertical-align: bottom"> <td nowrap="nowrap" style="text-align: right"><font style="font: xx-small sans-serif">302083 8/16</font></td></tr></table></div> <p style="margin: 0px">&#160;</p></div> <b>Annual fund operating expenses</b><br> (expenses you pay each year as a percentage of the value of your investment) <b>Annual fund operating expenses</b><br> (expenses you pay each year as a percentage of the value of your investment) <b>Annual fund operating expenses</b><br> (expenses you pay each year as a percentage of the value of your investment) <b>Annual fund operating expenses</b><br> (expenses you pay each year as a percentage of the value of your investment) <b>Annual fund operating expenses</b><br> (expenses you pay each year as a percentage of the value of your investment) <b>Annual fund operating expenses</b><br> (expenses you pay each year as a percentage of the value of your investment) <b>Annual fund operating expenses</b><br> (expenses you pay each year as a percentage of the value of your investment) <b>Annual fund operating expenses</b><br> (expenses you pay each year as a percentage of the value of your investment) <b>Annual fund operating expenses</b><br> (expenses you pay each year as a percentage of the value of your investment) <b>Annual fund operating expenses</b><br> (expenses you pay each year as a percentage of the value of your investment) <b>Example</b> <b>Example</b> <b>Example</b> <b>Example</b> <b>Example</b> <b>Example</b> <b>Example</b> <b>Example</b> <b>Example</b> <b>Example</b> 2053 2187 2379 2392 1845 1283 1155 2826 2958 3137 3143 2645 2125 2483 2616 2801 2810 2290 1751 2786 2264 1724 2458 2591 2777 2996 3128 3304 3308 2820 2310 2745 2878 3058 3065 2561 2037 2522 2655 2840 2848 2331 1794 2558 2692 2875 2883 2368 1833 2074 2208 2400 2412 1867 1061 1306 1999 2134 2327 2340 1791 1002 1225 1247 1303 1103 1291 845 579 520 1598 1662 1462 1641 1213 957 1429 1489 1289 1472 1035 775 1464 1026 766 1420 1480 1280 1653 1719 1519 1697 1271 1016 1544 1607 1407 1588 1156 899 1447 1507 1307 1490 1054 794 1462 1523 1323 1505 1070 810 1257 1314 1114 1301 855 477 590 1222 1278 1078 1266 818 450 552 963 943 643 897 490 334 300 1154 1141 841 1089 691 538 1052 1035 735 986 583 429 984 581 427 1050 1032 732 1164 1151 851 1099 701 549 1111 1096 796 1046 645 492 1062 1045 745 996 593 439 1069 1052 752 1003 601 447 969 949 649 902 496 274 340 949 927 627 882 474 259 318 700 708 308 526 158 107 96 735 745 345 562 195 145 699 707 307 526 157 106 529 161 110 703 711 311 701 709 309 527 159 108 703 711 311 529 161 110 701 709 309 527 159 108 700 708 308 526 158 107 702 710 310 528 160 88 109 695 703 303 522 153 83 102 0.0081 0.0081 0.0081 0.0081 0.0081 0.0081 0.0081 0.0096 0.0096 0.0096 0.0096 0.0096 0.0096 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0062 0.0065 0.0065 0.0065 0.0065 0.0065 0.0065 0.0065 0.0061 0.0061 0.0061 0.0061 0.0061 0.0061 0.0061 0.0025 0.0100 0.0100 0.0075 0.0050 0.0025 0.0100 0.0100 0.0075 0.0050 0.0025 0.0100 0.0100 0.0075 0.0050 0.0075 0.0050 0.0025 0.0100 0.0100 0.0025 0.0100 0.0100 0.0075 0.0050 0.0025 0.0100 0.0100 0.0075 0.0050 0.0025 0.0100 0.0100 0.0075 0.0050 0.0025 0.0100 0.0100 0.0075 0.0050 0.0025 0.0100 0.0100 0.0075 0.0050 0.0025 0.0100 0.0100 0.0075 0.0050 0.0023 0.0023 0.0023 0.0023 0.0023 0.0023 0.0012 0.0087 0.0087 0.0087 0.0087 0.0087 0.0087 0.0088 0.0088 0.0088 0.0088 0.0088 0.0088 0.0085 0.0085 0.0085 0.0085 0.0085 0.0085 0.0144 0.0144 0.0144 0.0144 0.0144 0.0144 0.0116 0.0116 0.0116 0.0116 0.0116 0.0116 0.0092 0.0092 0.0092 0.0092 0.0092 0.0092 0.0096 0.0096 0.0096 0.0096 0.0096 0.0096 0.0042 0.0042 0.0042 0.0042 0.0042 0.0021 0.0042 0.0039 0.0039 0.0039 0.0039 0.0039 0.0020 0.0039 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0130 0.0205 0.0205 0.0180 0.0155 0.0105 0.0094 0.0209 0.0284 0.0284 0.0259 0.0234 0.0184 0.0175 0.0250 0.0250 0.0225 0.0200 0.0150 0.0222 0.0197 0.0147 0.0172 0.0247 0.0247 0.0231 0.0306 0.0306 0.0281 0.0256 0.0206 0.0203 0.0278 0.0278 0.0253 0.0228 0.0178 0.0179 0.0254 0.0254 0.0229 0.0204 0.0154 0.0183 0.0258 0.0258 0.0233 0.0208 0.0158 0.0132 0.0207 0.0207 0.0182 0.0157 0.0086 0.0107 0.0125 0.0200 0.0200 0.0175 0.0150 0.0081 0.0100 2187 2379 2958 3137 2616 2801 2591 2777 3128 3304 2878 3058 2655 2840 2692 2875 2208 2400 2134 2327 1103 1103 1462 1462 1289 1289 1280 1280 1519 1519 1407 1407 1307 1307 1323 1323 1114 1114 1078 1078 643 643 841 841 735 735 732 732 851 851 796 796 745 745 752 752 649 649 627 627 208 208 245 245 207 207 211 211 209 209 211 211 209 209 208 208 210 210 203 203 <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024276Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000023000Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024243Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024244Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024245Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024246Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024247Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024248Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000000775Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000000777Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> 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&#8217;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&#8217;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. <div style="padding-left: 0%; padding-right: 0%"><p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;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.</font></p> </div> <div style="padding-left: 0%; padding-right: 0%"><p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;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.</font></p></div> <div style="padding-left: 0%; padding-right: 0%"><p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;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.</font></p></div> <div style="padding-left: 0%; padding-right: 0%"><p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;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.</font></p></div> <div style="padding-left: 0%; padding-right: 0%"><p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;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.</font></p></div> <div style="padding-left: 0%; padding-right: 0%"><p style="text-align: left"><font style="font: x-small sans-serif">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&#8217;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.</font></p></div> 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&#8217;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&#8217;s operating expenses remain the same. Your actual costs may be higher or lower. <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024276Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000023000Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024243Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024244Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024245Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024246Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024247Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024248Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000000775Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000000777Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024276Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000023000Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024243Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024244Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024245Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024246Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024247Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024248Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000000775Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000000777Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> -0.0042 -0.0042 -0.0042 -0.0042 -0.0042 -0.0042 -0.0046 -0.0046 -0.0046 -0.0046 -0.0046 -0.0046 -0.0039 -0.0039 -0.0039 -0.0039 -0.0039 -0.0039 -0.0100 -0.0100 -0.0100 -0.0100 -0.0100 -0.0100 -0.0070 -0.0070 -0.0070 -0.0070 -0.0070 -0.0070 -0.0048 -0.0048 -0.0048 -0.0048 -0.0048 -0.0048 -0.0053 -0.0053 -0.0053 -0.0053 -0.0053 -0.0053 0.0167 0.0242 0.0242 0.0217 0.0192 0.0142 0.0129 0.0204 0.0204 0.0179 0.0154 0.0104 0.0183 0.0158 0.0108 0.0133 0.0208 0.0208 0.0131 0.0206 0.0206 0.0181 0.0156 0.0106 0.0133 0.0208 0.0208 0.0183 0.0158 0.0108 0.0131 0.0206 0.0206 0.0181 0.0156 0.0106 0.0130 0.0205 0.0205 0.0180 0.0155 0.0105 12-30-2016 12-30-2016 12-30-2016 12-30-2016 12-30-2016 12-30-2016 12-30-2016 <div style="padding-left: 0%; padding-right: 0%"><p style="text-align: left"><font style="font: xx-small sans-serif">Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p></div> <div style="padding-left: 0%; padding-right: 0%"><p style="text-align: left"><font style="font: xx-small sans-serif">Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p></div> <div style="padding-left: 0%; padding-right: 0%"><p style="text-align: left"><font style="font: xx-small sans-serif">Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p></div> <div style="padding-left: 0%; padding-right: 0%"><p style="text-align: left"><font style="font: xx-small sans-serif">Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p></div> <div style="padding-left: 0%; padding-right: 0%"><p style="text-align: left"><font style="font: xx-small sans-serif">Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p></div> <div style="padding-left: 0%; padding-right: 0%"><p style="text-align: left"><font style="font: xx-small sans-serif">Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p></div> <div style="padding-left: 0%; padding-right: 0%"><p style="text-align: left"><font style="font: xx-small sans-serif">Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p></div> <div style="padding-left: 0%; padding-right: 0%"><p style="text-align: left"><font style="font: xx-small sans-serif">Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p></div> <div style="padding-left: 0%; padding-right: 0%"><p style="text-align: left"><font style="font: xx-small sans-serif">Restated to reflect current fees resulting from a change to the fund&#8217;s investor servicing arrangements effective September 1, 2016.</font></p></div> 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. 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. 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. 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. EX-101.SCH 3 pft-20160801.xsd XBRL SCHEMA FILE 00000003 - Document - Risk/Return Supplement {Unlabeled} -Putnam Funds Trust link:presentationLink link:calculationLink link:definitionLink 00000004 - Document - Putnam Absolute Return 700 Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000005 - Document - Putnam Emerging Markets Equity Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000006 - Document - Putnam Global Consumer Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000007 - Document - Putnam Global Energy Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000008 - Document - Putnam Global Financial Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000009 - Document - Putnam Global Industrial Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000010 - Document - Putnam Global Technology Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000011 - Document - Putnam Global Telecommunication Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000012 - Document - Putnam International Value Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000013 - Document - Putnam Small Cap Growth Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 4 pft-20160801_def.xml XBRL DEFINITION FILE EX-101.LAB 5 pft-20160801_lab.xml XBRL LABEL FILE Putnam Absolute Return 700 Fund Legal Entity [Axis] Class A Share Class [Axis] Class B Class C Class M Class R Class Y Class R6 Putnam Emerging Markets Equity Fund Class A Class B Class C Class M Class R Class Y Putnam Global Consumer Fund Class A Class B Class C Class M Class R Class Y Putnam Global Energy Fund Class M Class R Class Y Class A Class B Class C Putnam Global Financial Fund Class A Class B Class C Class M Class R Class Y Putnam Global Industrial Fund Class A Class B Class C Class M Class R Class Y Putnam Global Technology Fund Class A Class B Class C Class M Class R Class Y Putnam Global Telecommunication Fund Class A Class B Class C Class M Class R Class Y Putnam International Value Fund Class A Class B Class C Class M Class R Class R6 Class Y Putnam Small Cap Growth Fund Class A Class B Class C Class M Class R Class R6 Class Y Riskreturn Supplement Unlabeled -putnam Funds Trust Risk/Return: Supplement Text Prospectus: [Table] Prospectus [Line Items] Objective [Heading] Objective, Primary [Text Block] Objective, Secondary [Text Block] Expense [Heading] Expense Narrative [Text Block] Shareholder Fees Caption [Text] Shareholder Fees [Table] Operating Expenses Caption [Text] Annual Fund Operating Expenses [Table] Expense Footnotes [Text Block] Expenses Deferred Charges [Text Block] Expenses Range of Exchange Fees [Text Block] Expense Example [Heading] Expense Example by Year [Heading] Expense Example Narrative [Text Block] Expense Example by, Year, Caption [Text] Expense Example, With Redemption [Table] Expense Example, No Redemption Narrative [Text Block] Expense Example, No Redemption, By Year, Caption [Text] Expense Example, No Redemption [Table] Expense Example Footnotes [Text Block] Expense Example Closing [Text Block] Portfolio Turnover [Heading] Portfolio Turnover [Text Block] Strategy [Heading] Strategy Narrative [Text Block] Risk [Heading] Risk Narrative [Text Block] Risk Footnotes [Text Block] Risk Closing [Text Block] Bar Chart and Performance Table [Heading] Performance Narrative [Text Block] Bar Chart Narrative [Text Block] Bar Chart [Heading] Bar Chart [Table] Bar Chart Footnotes [Text Block] Bar Chart Closing [Text Block] Performance Table Heading Performance Table Narrative Performance [Table] Market Index Performance [Table] Performance Table Footnotes Performance Table Closing [Text Block] Risk/Return [Heading] Shareholder Fees Column [Text] Maximum Cumulative Sales Charge (as a percentage of Offering Price) Maximum Cumulative Sales Charge (as a percentage) Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) Maximum Deferred Sales Charge (as a percentage of Offering Price) Maximum Deferred Sales Charge (as a percentage) Maximum Sales Charge on Reinvested Dividends and Distributions (as a percentage) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee Exchange Fee (as a percentage of Amount Redeemed) Exchange Fee Maximum Account Fee (as a percentage of Assets) Maximum Account Fee Shareholder Fee, Other Operating Expenses Column [Text] Management fees Distribution and service (12b-1) fees Distribution or Similar (Non 12b-1) Fees Component1 Other Expenses Component2 Other Expenses Component3 Other Expenses Other expenses Acquired fund fees and expenses Total annual fund operating expenses Expense reimbursement Total annual fund operating expenses after expense reimbursement Expense Example, By Year, Column [Text] Expense Example, with Redemption, 1 Year Expense Example, with Redemption, 3 Years Expense Example, with Redemption, 5 Years Expense Example, with Redemption, 10 Years Expense Example, No Redemption, By Year, Column [Text] Expense Example, No Redemption, 1 Year Expense Example, No Redemption, 3 Years Expense Example, No Redemption, 5 Years Expense Example, No Redemption, 10 Years Annual Return Caption [Text] Annual Return, Column [Text] Annual Return, Inception Date Annual Return 1990 Annual Return 1991 Annual Return 1992 Annual Return 1993 Annual Return 1994 Annual Return 1995 Annual Return 1996 Annual Return 1997 Annual Return 1998 Annual Return 1999 Annual Return 2000 Annual Return 2001 Annual Return 2002 Annual Return 2003 Annual Return 2004 Annual Return 2005 Annual Return 2006 Annual Return 2007 Annual Return 2008 Annual Return 2009 Annual Return 2010 Annual Return 2011 Annual Return 2012 Annual Return 2013 Annual Return 2014 Annual Return 2015 Annual Return 2016 Annual Return 2017 Annual Return 2018 Annual Return 2019 Annual Return 2020 Label 1 Year 5 Years 10 Years Since Inception Inception Date Risk/Return Detail [Table] Document Type Document Period End Date Registrant Name Central Index Key Amendment Flag Amendment Description Trading Symbol Document Creation Date Document Effective Date Prospectus Date Fee Waiver or Reimbursement over Assets, Date of Termination Portfolio Turnover, Rate Expense Breakpoint Discounts [Text] Expense Breakpoint, Minimum Investment Required [Amount] Expense Exchange Traded Fund Commissions [Text] Expenses Represent Both Master and Feeder [Text] Expenses Explanation of Nonrecurring Account Fee [Text] Other Expenses, New Fund, Based on Estimates [Text] Acquired Fund Fees and Expenses, Based on Estimates [Text] Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] Expenses Restated to Reflect Current [Text] Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] Strategy Portfolio Concentration [Text] Risk Lose Money [Text] Risk Nondiversified Status [Text] Risk Money Market Fund [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Performance Information Illustrates Variability of Returns [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Performance Availability Phone [Text] Performance Availability Website Address [Text] Performance Past Does Not Indicate Future [Text] Bar Chart Does Not Reflect Sales Loads [Text] Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] Bar Chart, Returns for Class Not Offered in Prospectus [Text] Year to Date Return, Label Bar Chart, Year to Date Return, Date Bar Chart, Year to Date Return Highest Quarterly Return, Label Highest Quarterly Return, Date Highest Quarterly Return Lowest Quarterly Return, Label Lowest Quarterly Return, Date Lowest Quarterly Return Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Index No Deduction for Fees, Expenses, Taxes [Text] Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table One Class of after Tax Shown [Text] Performance Table Explanation after Tax Higher Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text] Caption Column Money Market Seven Day Yield, Caption [Text] Money Market Seven Day Yield Column [Text] Money Market Seven Day Yield Phone Money Market Seven Day Yield Money Market Seven Day Tax Equivalent Yield Thirty Day Yield Caption Thirty Day Yield Column [Text] Thirty Day Yield Phone Thirty Day Yield Thirty Day Tax Equivalent Yield Series Class Class Class Class Class Class Class Series Class Class Class Class Class Class Series Class Class Class Class Class Class Series Class Class Class Class Class Class Series Class Class Class Class Class Class Series Class Class Class Class Class Class Series Class Class Class Class Class Class Series Class Class Class Class Class Class Series Class Class Class Class Class Class Class Series Class Class Class Class Class Class Class Supplement C000066853Member C000066854Member C000066855Member C000066856Member C000066857Member C000066858Member C000071511Member C000071512Member C000071513Member C000071514Member C000071515Member C000071516Member C000071517Member C000071518Member C000071519Member C000071520Member C000071521Member C000071522Member C000071523Member C000071524Member C000071525Member C000071526Member C000071527Member C000071528Member C000071529Member C000071530Member C000071531Member C000071532Member C000071533Member C000071534Member C000071535Member C000071536Member C000071537Member C000071538Member C000071539Member C000071540Member C000071541Member C000071542Member C000071543Member C000071544Member C000071545Member C000071546Member C000002291Member C000002292Member C000002293Member C000002294Member C000002295Member C000136806Member C000002290Member C000002303Member C000002304Member C000002301Member C000002305Member C000002306Member C000158897Member C000002302Member EX-101.PRE 6 pft-20160801_pre.xml XBRL PRESENTATION FILE GRAPHIC 8 pftsuppx1x1.jpg GRAPHIC begin 644 pftsuppx1x1.jpg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end XML 9 R1.htm IDEA: XBRL DOCUMENT v3.5.0.2
Total
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

 

[GRAPHIC OMITTED]
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

 

[GRAPHIC OMITTED]
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 

 

[GRAPHIC OMITTED]
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

 

[GRAPHIC OMITTED]
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

 

[GRAPHIC OMITTED]
302083 8/16

 

XML 10 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Putnam Absolute Return 700 Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Putnam Absolute Return 700 Fund
Class A
Class B
Class C
Class M
Class R
Class R6
Class Y
Management fees [1] 0.81% 0.81% 0.81% 0.81% 0.81% 0.81% 0.81%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75% 0.50%    
Other expenses 0.23% [2] 0.23% [2] 0.23% [2] 0.23% [2] 0.23% [2] 0.12% 0.23% [2]
Acquired fund fees and expenses 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
Total annual fund operating expenses 1.30% 2.05% 2.05% 1.80% 1.55% 0.94% 1.05%
[1] Management fees are subject to a performance adjustment.
[2] 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 $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Expense Example - Putnam Absolute Return 700 Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 700 963 1,247 2,053
Class B 708 943 1,303 2,187
Class C 308 643 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
Expense Example, No Redemption - Putnam Absolute Return 700 Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 208 643 1,103 2,187
Class C 208 643 1,103 2,379
XML 11 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
Putnam Emerging Markets Equity Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Putnam Emerging Markets Equity Fund
Class A
Class B
Class C
Class M
Class R
Class Y
Management fees [1] 0.96% 0.96% 0.96% 0.96% 0.96% 0.96%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75% 0.50%  
Other expenses [2] 0.87% 0.87% 0.87% 0.87% 0.87% 0.87%
Acquired fund fees and expenses 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
Total annual fund operating expenses 2.09% 2.84% 2.84% 2.59% 2.34% 1.84%
Expense reimbursement [3] (0.42%) (0.42%) (0.42%) (0.42%) (0.42%) (0.42%)
Total annual fund operating expenses after expense reimbursement 1.67% 2.42% 2.42% 2.17% 1.92% 1.42%
[1] Management fees are subject to a performance adjustment.
[2] Restated to reflect current fees resulting from a change to the fund's investor servicing arrangements effective September 1, 2016.
[3] 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.
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 $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.
Expense Example - Putnam Emerging Markets Equity Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 735 1,154 1,598 2,826
Class B 745 1,141 1,662 2,958
Class C 345 841 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
Expense Example, No Redemption - Putnam Emerging Markets Equity Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 245 841 1,462 2,958
Class C 245 841 1,462 3,137
XML 12 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Putnam Global Consumer Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Putnam Global Consumer Fund
Class A
Class B
Class C
Class M
Class R
Class Y
Management fees 0.62% 0.62% 0.62% 0.62% 0.62% 0.62%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75% 0.50%  
Other expenses [1] 0.88% 0.88% 0.88% 0.88% 0.88% 0.88%
Total annual fund operating expenses 1.75% 2.50% 2.50% 2.25% 2.00% 1.50%
Expense reimbursement [2] (0.46%) (0.46%) (0.46%) (0.46%) (0.46%) (0.46%)
Total annual fund operating expenses after expense reimbursement 1.29% 2.04% 2.04% 1.79% 1.54% 1.04%
[1] Restated to reflect current fees resulting from a change to the fund's investor servicing arrangements effective September 1, 2016.
[2] 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.
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.

Expense Example - Putnam Global Consumer Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 699 1,052 1,429 2,483
Class B 707 1,035 1,489 2,616
Class C 307 735 1,289 2,801
Class M 526 986 1,472 2,810
Class R 157 583 1,035 2,290
Class Y 106 429 775 1,751
Expense Example, No Redemption - Putnam Global Consumer Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 207 735 1,289 2,616
Class C 207 735 1,289 2,801
XML 13 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Putnam Global Energy Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Putnam Global Energy Fund
Class A
Class B
Class C
Class M
Class R
Class Y
Management fees 0.62% 0.62% 0.62% 0.62% 0.62% 0.62%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75% 0.50%  
Other expenses [1] 0.85% 0.85% 0.85% 0.85% 0.85% 0.85%
Total annual fund operating expenses 1.72% 2.47% 2.47% 2.22% 1.97% 1.47%
Expense reimbursement [2] (0.39%) (0.39%) (0.39%) (0.39%) (0.39%) (0.39%)
Total annual fund operating expenses after expense reimbursement 1.33% 2.08% 2.08% 1.83% 1.58% 1.08%
[1] Restated to reflect current fees resulting from a change to the fund's investor servicing arrangements effective September 1, 2016.
[2] 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.
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.

Expense Example - Putnam Global Energy Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 703 1,050 1,420 2,458
Class B 711 1,032 1,480 2,591
Class C 311 732 1,280 2,777
Class M 529 984 1,464 2,786
Class R 161 581 1,026 2,264
Class Y 110 427 766 1,724
Expense Example, No Redemption - Putnam Global Energy Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 211 732 1,280 2,591
Class C 211 732 1,280 2,777
XML 14 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Putnam Global Financial Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Putnam Global Financial Fund
Class A
Class B
Class C
Class M
Class R
Class Y
Management fees 0.62% 0.62% 0.62% 0.62% 0.62% 0.62%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75% 0.50%  
Other expenses [1] 1.44% 1.44% 1.44% 1.44% 1.44% 1.44%
Total annual fund operating expenses 2.31% 3.06% 3.06% 2.81% 2.56% 2.06%
Expense reimbursement [2] (1.00%) (1.00%) (1.00%) (1.00%) (1.00%) (1.00%)
Total annual fund operating expenses after expense reimbursement 1.31% 2.06% 2.06% 1.81% 1.56% 1.06%
[1] Restated to reflect current fees resulting from a change to the fund's investor servicing arrangements effective September 1, 2016.
[2] 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.
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.

Expense Example - Putnam Global Financial Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 701 1,164 1,653 2,996
Class B 709 1,151 1,719 3,128
Class C 309 851 1,519 3,304
Class M 527 1,099 1,697 3,308
Class R 159 701 1,271 2,820
Class Y 108 549 1,016 2,310
Expense Example, No Redemption - Putnam Global Financial Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 209 851 1,519 3,128
Class C 209 851 1,519 3,304
XML 15 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Putnam Global Industrial Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Putnam Global Industrial Fund
Class A
Class B
Class C
Class M
Class R
Class Y
Management fees 0.62% 0.62% 0.62% 0.62% 0.62% 0.62%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75% 0.50%  
Other expenses [1] 1.16% 1.16% 1.16% 1.16% 1.16% 1.16%
Total annual fund operating expenses 2.03% 2.78% 2.78% 2.53% 2.28% 1.78%
Expense reimbursement [2] (0.70%) (0.70%) (0.70%) (0.70%) (0.70%) (0.70%)
Total annual fund operating expenses after expense reimbursement 1.33% 2.08% 2.08% 1.83% 1.58% 1.08%
[1] Restated to reflect current fees resulting from a change to the fund's investor servicing arrangements effective September 1, 2016.
[2] 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.
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.

Expense Example - Putnam Global Industrial Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 703 1,111 1,544 2,745
Class B 711 1,096 1,607 2,878
Class C 311 796 1,407 3,058
Class M 529 1,046 1,588 3,065
Class R 161 645 1,156 2,561
Class Y 110 492 899 2,037
Expense Example, No Redemption - Putnam Global Industrial Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 211 796 1,407 2,878
Class C 211 796 1,407 3,058
XML 16 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Putnam Global Technology Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Putnam Global Technology Fund
Class A
Class B
Class C
Class M
Class R
Class Y
Management fees 0.62% 0.62% 0.62% 0.62% 0.62% 0.62%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75% 0.50%  
Other expenses [1] 0.92% 0.92% 0.92% 0.92% 0.92% 0.92%
Total annual fund operating expenses 1.79% 2.54% 2.54% 2.29% 2.04% 1.54%
Expense reimbursement [2] (0.48%) (0.48%) (0.48%) (0.48%) (0.48%) (0.48%)
Total annual fund operating expenses after expense reimbursement 1.31% 2.06% 2.06% 1.81% 1.56% 1.06%
[1] Restated to reflect current fees resulting from a change to the fund's investor servicing arrangements effective September 1, 2016.
[2] 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.
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.

Expense Example - Putnam Global Technology Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 701 1,062 1,447 2,522
Class B 709 1,045 1,507 2,655
Class C 309 745 1,307 2,840
Class M 527 996 1,490 2,848
Class R 159 593 1,054 2,331
Class Y 108 439 794 1,794
Expense Example, No Redemption - Putnam Global Technology Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 209 745 1,307 2,655
Class C 209 745 1,307 2,840
XML 17 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Putnam Global Telecommunication Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Putnam Global Telecommunication Fund
Class A
Class B
Class C
Class M
Class R
Class Y
Management fees 0.62% 0.62% 0.62% 0.62% 0.62% 0.62%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75% 0.50%  
Other expenses [1] 0.96% 0.96% 0.96% 0.96% 0.96% 0.96%
Total annual fund operating expenses 1.83% 2.58% 2.58% 2.33% 2.08% 1.58%
Expense reimbursement [2] (0.53%) (0.53%) (0.53%) (0.53%) (0.53%) (0.53%)
Total annual fund operating expenses after expense reimbursement 1.30% 2.05% 2.05% 1.80% 1.55% 1.05%
[1] Restated to reflect current fees resulting from a change to the fund's investor servicing arrangements effective September 1, 2016.
[2] 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.
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.

Expense Example - Putnam Global Telecommunication Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 700 1,069 1,462 2,558
Class B 708 1,052 1,523 2,692
Class C 308 752 1,323 2,875
Class M 526 1,003 1,505 2,883
Class R 158 601 1,070 2,368
Class Y 107 447 810 1,833
Expense Example, No Redemption - Putnam Global Telecommunication Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 208 752 1,323 2,692
Class C 208 752 1,323 2,875
XML 18 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
Putnam International Value Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Putnam International Value Fund
Class A
Class B
Class C
Class M
Class R
Class R6
Class Y
Management fees 0.65% 0.65% 0.65% 0.65% 0.65% 0.65% 0.65%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75% 0.50%    
Other expenses 0.42% [1] 0.42% [1] 0.42% [1] 0.42% [1] 0.42% [1] 0.21% 0.42% [1]
Total annual fund operating expenses 1.32% 2.07% 2.07% 1.82% 1.57% 0.86% 1.07%
[1] 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 $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Expense Example - Putnam International Value Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 702 969 1,257 2,074
Class B 710 949 1,314 2,208
Class C 310 649 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
Expense Example, No Redemption - Putnam International Value Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 210 649 1,114 2,208
Class C 210 649 1,114 2,400
XML 19 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2
Putnam Small Cap Growth Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Putnam Small Cap Growth Fund
Class A
Class B
Class C
Class M
Class R
Class R6
Class Y
Management fees [1] 0.61% 0.61% 0.61% 0.61% 0.61% 0.61% 0.61%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75% 0.50%    
Other expenses 0.39% [2] 0.39% [2] 0.39% [2] 0.39% [2] 0.39% [2] 0.20% [3] 0.39% [2]
Total annual fund operating expenses 1.25% 2.00% 2.00% 1.75% 1.50% 0.81% 1.00%
[1] Management fees are subject to a performance adjustment.
[2] Restated to reflect current fees resulting from a change to the fund's investor servicing arrangements effective September 1, 2016.
[3] 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.
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 $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Expense Example - Putnam Small Cap Growth Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 695 949 1,222 1,999
Class B 703 927 1,278 2,134
Class C 303 627 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
Expense Example, No Redemption - Putnam Small Cap Growth Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 203 627 1,078 2,134
Class C 203 627 1,078 2,327
XML 20 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Total
Putnam Absolute Return 700 Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024276Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
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.
~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024276Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024276Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
Putnam Emerging Markets Equity Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000023000Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
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.
~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000023000Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000023000Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
Putnam Global Consumer Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024243Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
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.

~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024243Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024243Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
Putnam Global Energy Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024244Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
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.

~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024244Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024244Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
Putnam Global Financial Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024245Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
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.

~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024245Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024245Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
Putnam Global Industrial Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024246Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
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.

~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024246Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024246Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
Putnam Global Technology Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024247Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
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.

~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024247Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024247Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
Putnam Global Telecommunication Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024248Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
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.

~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024248Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024248Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
Putnam International Value Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000000775Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
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.
~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000000775Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000000775Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
Putnam Small Cap Growth Fund
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000000777Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
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.
~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000000777Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000000777Member column rr_ProspectusShareClassAxis compact * row primary compact * ~
XML 21 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType 497
Document Period End Date dei_DocumentPeriodEndDate Nov. 30, 2016
Registrant Name dei_EntityRegistrantName PUTNAM FUNDS TRUST
Central Index Key dei_EntityCentralIndexKey 0001005942
Amendment Flag dei_AmendmentFlag false
Trading Symbol dei_TradingSymbol PFT
Document Creation Date dei_DocumentCreationDate Aug. 01, 2016
Document Effective Date dei_DocumentEffectiveDate Sep. 01, 2016
Prospectus Date rr_ProspectusDate Oct. 30, 2015
Putnam Absolute Return 700 Fund  
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent

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

Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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.
Putnam Absolute Return 700 Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.81% [1]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.23% [2]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 1.30%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 700
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 963
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,247
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,053
Putnam Absolute Return 700 Fund | Class B  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.81% [1]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.23% [2]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 2.05%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 708
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 943
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,303
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,187
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 208
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 643
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,103
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,187
Putnam Absolute Return 700 Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.81% [1]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.23% [2]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 2.05%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 308
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 643
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,103
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,379
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 208
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 643
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,103
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,379
Putnam Absolute Return 700 Fund | Class M  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.81% [1]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.23% [2]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 1.80%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 526
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 897
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,291
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,392
Putnam Absolute Return 700 Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.81% [1]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.23% [2]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 1.55%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 158
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 490
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 845
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,845
Putnam Absolute Return 700 Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.81% [1]
Other expenses rr_OtherExpensesOverAssets 0.12%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 0.94%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 96
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 300
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 520
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,155
Putnam Absolute Return 700 Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.81% [1]
Other expenses rr_OtherExpensesOverAssets 0.23% [2]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 1.05%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 107
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 334
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 579
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,283
Putnam Emerging Markets Equity Fund  
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 12-30-2016
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent

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

Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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.
Putnam Emerging Markets Equity Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.96% [1]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.87% [2]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 2.09%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.42%) [3]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.67%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 735
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,154
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,598
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,826
Putnam Emerging Markets Equity Fund | Class B  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.96% [1]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.87% [2]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 2.84%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.42%) [3]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.42%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 745
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,141
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,662
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,958
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 245
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 841
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,462
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,958
Putnam Emerging Markets Equity Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.96% [1]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.87% [2]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 2.84%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.42%) [3]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.42%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 345
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 841
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,462
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,137
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 245
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 841
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,462
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 3,137
Putnam Emerging Markets Equity Fund | Class M  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.96% [1]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.87% [2]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 2.59%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.42%) [3]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.17%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 562
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,089
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,641
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 3,143
Putnam Emerging Markets Equity Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.96% [1]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.87% [2]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 2.34%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.42%) [3]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.92%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 195
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 691
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,213
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,645
Putnam Emerging Markets Equity Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.96% [1]
Other expenses rr_OtherExpensesOverAssets 0.87% [2]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 1.84%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.42%) [3]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.42%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 145
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 538
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 957
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,125
Putnam Global Consumer Fund  
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 12-30-2016
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent

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

Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

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.

Putnam Global Consumer Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.88% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.75%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.46%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.29%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 699
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,052
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,429
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,483
Putnam Global Consumer Fund | Class B  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.88% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.50%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.46%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.04%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 707
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,035
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,489
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,616
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 207
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 735
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,289
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,616
Putnam Global Consumer Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.88% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.50%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.46%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.04%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 307
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 735
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,289
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,801
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 207
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 735
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,289
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,801
Putnam Global Consumer Fund | Class M  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.88% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.25%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.46%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.79%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 526
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 986
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,472
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,810
Putnam Global Consumer Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.88% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.00%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.46%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.54%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 157
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 583
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,035
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,290
Putnam Global Consumer Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Other expenses rr_OtherExpensesOverAssets 0.88% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.50%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.46%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.04%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 106
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 429
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 775
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,751
Putnam Global Energy Fund  
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 12-30-2016
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

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.

Putnam Global Energy Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.85% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.72%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.39%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.33%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 703
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,050
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,420
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,458
Putnam Global Energy Fund | Class B  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.85% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.47%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.39%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.08%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 711
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,032
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,480
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,591
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 211
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 732
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,280
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,591
Putnam Global Energy Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.85% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.47%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.39%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.08%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 311
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 732
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,280
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,777
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 211
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 732
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,280
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,777
Putnam Global Energy Fund | Class M  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.85% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.22%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.39%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.83%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 529
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 984
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,464
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,786
Putnam Global Energy Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.85% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.97%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.39%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.58%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 161
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 581
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,026
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,264
Putnam Global Energy Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Other expenses rr_OtherExpensesOverAssets 0.85% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.47%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.39%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.08%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 110
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 427
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 766
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,724
Putnam Global Financial Fund  
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 12-30-2016
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent

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

Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

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.

Putnam Global Financial Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 1.44% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.31%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.00%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.31%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 701
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,164
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,653
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,996
Putnam Global Financial Fund | Class B  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 1.44% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 3.06%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.00%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.06%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 709
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,151
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,719
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,128
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 209
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 851
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,519
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 3,128
Putnam Global Financial Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 1.44% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 3.06%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.00%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.06%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 309
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 851
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,519
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,304
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 209
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 851
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,519
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 3,304
Putnam Global Financial Fund | Class M  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 1.44% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.81%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.00%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.81%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 527
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,099
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,697
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 3,308
Putnam Global Financial Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 1.44% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.56%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.00%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.56%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 159
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 701
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,271
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,820
Putnam Global Financial Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Other expenses rr_OtherExpensesOverAssets 1.44% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.06%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.00%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.06%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 108
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 549
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,016
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,310
Putnam Global Industrial Fund  
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 12-30-2016
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent

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

Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

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.

Putnam Global Industrial Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 1.16% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.03%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.70%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.33%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 703
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,111
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,544
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,745
Putnam Global Industrial Fund | Class B  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 1.16% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.78%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.70%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.08%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 711
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,096
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,607
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,878
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 211
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 796
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,407
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,878
Putnam Global Industrial Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 1.16% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.78%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.70%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.08%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 311
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 796
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,407
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,058
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 211
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 796
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,407
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 3,058
Putnam Global Industrial Fund | Class M  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 1.16% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.53%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.70%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.83%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 529
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,046
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,588
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 3,065
Putnam Global Industrial Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 1.16% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.28%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.70%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.58%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 161
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 645
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,156
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,561
Putnam Global Industrial Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Other expenses rr_OtherExpensesOverAssets 1.16% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.78%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.70%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.08%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 110
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 492
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 899
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,037
Putnam Global Technology Fund  
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 12-30-2016
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent

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

Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

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.

Putnam Global Technology Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.92% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.79%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.48%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.31%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 701
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,062
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,447
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,522
Putnam Global Technology Fund | Class B  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.92% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.54%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.48%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.06%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 709
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,045
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,507
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,655
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 209
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 745
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,307
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,655
Putnam Global Technology Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.92% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.54%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.48%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.06%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 309
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 745
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,307
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,840
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 209
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 745
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,307
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,840
Putnam Global Technology Fund | Class M  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.92% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.29%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.48%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.81%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 527
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 996
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,490
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,848
Putnam Global Technology Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.92% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.04%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.48%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.56%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 159
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 593
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,054
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,331
Putnam Global Technology Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Other expenses rr_OtherExpensesOverAssets 0.92% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.54%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.48%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.06%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 108
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 439
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 794
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,794
Putnam Global Telecommunication Fund  
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 12-30-2016
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent

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

Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

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.

Putnam Global Telecommunication Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.96% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.83%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.53%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.30%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 700
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,069
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,462
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,558
Putnam Global Telecommunication Fund | Class B  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.96% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.58%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.53%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.05%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 708
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,052
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,523
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,692
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 208
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 752
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,323
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,692
Putnam Global Telecommunication Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.96% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.58%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.53%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.05%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 308
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 752
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,323
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,875
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 208
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 752
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,323
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,875
Putnam Global Telecommunication Fund | Class M  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.96% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.33%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.53%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.80%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 526
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,003
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,505
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,883
Putnam Global Telecommunication Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.96% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.08%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.53%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.55%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 158
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 601
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,070
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,368
Putnam Global Telecommunication Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.62%
Other expenses rr_OtherExpensesOverAssets 0.96% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.58%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.53%) [4]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.05%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 107
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 447
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 810
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,833
Putnam International Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent

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

Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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.
Putnam International Value Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.65%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.42% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.32%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 702
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 969
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,257
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,074
Putnam International Value Fund | Class B  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.65%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.42% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.07%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 710
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 949
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,314
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,208
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 210
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 649
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,114
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,208
Putnam International Value Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.65%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.42% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.07%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 310
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 649
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,114
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,400
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 210
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 649
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,114
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,400
Putnam International Value Fund | Class M  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.65%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.42% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.82%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 528
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 902
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,301
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,412
Putnam International Value Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.65%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.42% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.57%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 160
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 496
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 855
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,867
Putnam International Value Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.65%
Other expenses rr_OtherExpensesOverAssets 0.21%
Total annual fund operating expenses rr_ExpensesOverAssets 0.86%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 88
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 274
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 477
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,061
Putnam International Value Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.65%
Other expenses rr_OtherExpensesOverAssets 0.42% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.07%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 109
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 340
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 590
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,306
Putnam Small Cap Growth Fund  
Risk/Return: rr_RiskReturnAbstract  
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent

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

Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock 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.
Putnam Small Cap Growth Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.61% [1]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.39% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.25%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 695
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 949
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,222
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,999
Putnam Small Cap Growth Fund | Class B  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.61% [1]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.39% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.00%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 703
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 927
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,278
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,134
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 203
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 627
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,078
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,134
Putnam Small Cap Growth Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.61% [1]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.39% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 2.00%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 303
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 627
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,078
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,327
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 203
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 627
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,078
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,327
Putnam Small Cap Growth Fund | Class M  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.61% [1]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.39% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.75%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 522
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 882
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,266
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,340
Putnam Small Cap Growth Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.61% [1]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.39% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.50%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 153
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 474
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 818
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,791
Putnam Small Cap Growth Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.61% [1]
Other expenses rr_OtherExpensesOverAssets 0.20% [5]
Total annual fund operating expenses rr_ExpensesOverAssets 0.81%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 83
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 259
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 450
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,002
Putnam Small Cap Growth Fund | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.61% [1]
Other expenses rr_OtherExpensesOverAssets 0.39% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.00%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 102
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 318
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 552
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,225
[1] Management fees are subject to a performance adjustment.
[2] Restated to reflect current fees resulting from a change to the fund's investor servicing arrangements effective September 1, 2016.
[3] 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.
[4] 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.
[5] 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.
XML 22 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 23 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 25 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 75 33 1 true 73 0 false 2 false false R1.htm 00000003 - Document - Risk/Return Supplement {Unlabeled} -Putnam Funds Trust Sheet http://putnam.com/role/RiskreturnSupplementUnlabeled-putnamFundsTrust Risk/Return Supplement-Putnam Funds Trust 1 false true R2.htm 00000004 - Document - Putnam Absolute Return 700 Fund Summary {Unlabeled} Sheet http://putnam.com/role/PutnamAbsoluteReturn700FundSummaryUnlabeled Putnam Absolute Return 700 Fund Summary 2 false true R3.htm 00000005 - Document - Putnam Emerging Markets Equity Fund Summary {Unlabeled} Sheet http://putnam.com/role/PutnamEmergingMarketsEquityFundSummaryUnlabeled Putnam Emerging Markets Equity Fund Summary 3 false true R4.htm 00000006 - Document - Putnam Global Consumer Fund Summary {Unlabeled} Sheet http://putnam.com/role/PutnamGlobalConsumerFundSummaryUnlabeled Putnam Global Consumer Fund Summary 4 false true R5.htm 00000007 - Document - Putnam Global Energy Fund Summary {Unlabeled} Sheet http://putnam.com/role/PutnamGlobalEnergyFundSummaryUnlabeled Putnam Global Energy Fund Summary 5 false true R6.htm 00000008 - Document - Putnam Global Financial Fund Summary {Unlabeled} Sheet http://putnam.com/role/PutnamGlobalFinancialFundSummaryUnlabeled Putnam Global Financial Fund Summary 6 false true R7.htm 00000009 - Document - Putnam Global Industrial Fund Summary {Unlabeled} Sheet http://putnam.com/role/PutnamGlobalIndustrialFundSummaryUnlabeled Putnam Global Industrial Fund Summary 7 false true R8.htm 00000010 - Document - Putnam Global Technology Fund Summary {Unlabeled} Sheet http://putnam.com/role/PutnamGlobalTechnologyFundSummaryUnlabeled Putnam Global Technology Fund Summary 8 false true R9.htm 00000011 - Document - Putnam Global Telecommunication Fund Summary {Unlabeled} Sheet http://putnam.com/role/PutnamGlobalTelecommunicationFundSummaryUnlabeled Putnam Global Telecommunication Fund Summary 9 false true R10.htm 00000012 - Document - Putnam International Value Fund Summary {Unlabeled} Sheet http://putnam.com/role/PutnamInternationalValueFundSummaryUnlabeled Putnam International Value Fund Summary 10 false true R11.htm 00000013 - Document - Putnam Small Cap Growth Fund Summary {Unlabeled} Sheet http://putnam.com/role/PutnamSmallCapGrowthFundSummaryUnlabeled Putnam Small Cap Growth Fund Summary 11 false false R12.htm 010000 - Document - Risk/Return Summary {Unlabeled} Sheet http://xbrl.sec.gov/rr/role/RiskReturn Risk/Return Summary 12 false false R16.htm 040000 - Disclosure - Risk/Return Detail Data {Elements} Sheet http://xbrl.sec.gov/rr/role/RiskReturnDetailData Risk/Return Detail Data 13 false false All Reports Book All Reports pft-20160801.xml pft-20160801.xsd pft-20160801_def.xml pft-20160801_lab.xml pft-20160801_pre.xml true false ZIP 27 0000928816-16-003199-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000928816-16-003199-xbrl.zip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�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