As filed with the Securities and Exchange Commission on | ||
March 16, 2017 | ||
Registration No. 333-515 | ||
811-07513 | ||
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SECURITIES AND EXCHANGE COMMISSION | ||
WASHINGTON, D.C. 20549 | ||
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FORM N-1A | ||
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REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | / X / | |
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Pre-Effective Amendment No. | / / | |
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Post-Effective Amendment No. 260 | / X / | |
and | ---- | |
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REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY | / X / | |
ACT OF 1940 | ---- | |
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Amendment No. 261 | / X / | |
(Check appropriate box or boxes) | ---- | |
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PUTNAM FUNDS TRUST | ||
(Exact Name of Registrant as Specified in Charter) | ||
One Post Office Square, Boston, Massachusetts 02109 | ||
(Address of Principal Executive Offices) (Zip Code) | ||
Registrant's Telephone Number, including Area Code | ||
(617) 292-1000 |
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It is proposed that this filing will become effective | ||
(check appropriate box) | ||
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/ / | immediately upon filing pursuant to paragraph (b) | |
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/ X / | on February 28, 2017 pursuant to paragraph (b) | |
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/ / | 60 days after filing pursuant to paragraph (a)(1) | |
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/ / | on (date) pursuant to paragraph (a)(1) | |
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/ / | 75 days after filing pursuant to paragraph (a)(2) | |
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/ / | on (date) pursuant to paragraph (a)(2) of Rule 485. | |
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If appropriate, check the following box: | ||
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/ / | this post-effective amendment designates a new | |
---- | effective date for a previously filed post-effective amendment. | |
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ROBERT T. BURNS, Vice President | ||
PUTNAM FUNDS TRUST | ||
One Post Office Square | ||
Boston, Massachusetts 02109 | ||
(Name and address of agent for service) | ||
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Copy to: | ||
BRYAN CHEGWIDDEN, Esquire | ||
ROPES & GRAY LLP | ||
1211 Avenue of the Americas | ||
New York, New York 10036 | ||
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This Post-Effective Amendment relates solely to the Registrant's Putnam Absolute Return 100 Fund, Putnam Absolute Return 300 Fund, Putnam Absolute Return 500 Fund, Putnam Absolute Return 700 Fund and Putnam Global Sector Fund, each a series of
Putnam Funds Trust. Information contained in the Registrant's Registration Statement relating to any other series of the Registrant is neither amended nor superseded hereby.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Securities Act of 1933, as amended, and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Boston, and The Commonwealth of Massachusetts, on the 16th day of March, 2017.
Putnam Funds Trust
By: /s/ Jonathan S. Horwitz, Executive Vice President,
Principal Executive Officer and Compliance Liaison
Pursuant to the requirements of the Securities Act of 1933, as amended, this Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the date indicated:
Signature | Title |
Jameson A. Baxter * | Chair, Board of Trustees |
Kenneth R. Leibler* | Vice Chair, Board of Trustees |
Robert L. Reynolds* | President and Trustee |
Jonathan S. Horwitz* | Executive Vice President, Principal Executive Officer and Compliance |
Liaison |
Janet C. Smith** | Vice President, Principal Financial Officer, Principal Accounting Officer |
and Assistant Treasurer |
Liaquat Ahamed* | Trustee |
Ravi Akhoury* | Trustee |
Barbara M. Baumann* | Trustee |
Robert J. Darretta* | Trustee |
Katinka Domotorffy* | Trustee |
John A. Hill* | Trustee |
Paul L. Joskow* | Trustee |
Robert E. Patterson* | Trustee |
George Putnam, III* | Trustee |
W. Thomas Stephens* | Trustee |
By: /s/ Jonathan S. Horwitz, as Attorney-in-Fact
March 16, 2017
*Signed pursuant to power of attorney filed in Post-Effective Amendment No. 150 to the Registrant’s Registration Statement on September 28, 2012.
** Signed pursuant to power of attorney filed in Post-Effective Amendment No. 247 to the Registrant’s Registration Statement on November 25, 2016.
Putnam Absolute Return 100 Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fund Summary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goal | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam Absolute Return 100 Fund seeks to earn a positive total return that exceeds the return on U.S. Treasury bills by 100 basis points (or 1.00%) on an annualized basis over a reasonable period of time (generally at least three years or more) regardless of market conditions. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fees and expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $500,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 40 of the fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholder fees (fees paid directly from your investment) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Portfolio turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 129%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The fund is designed to pursue a consistent absolute return through a broadly diversified portfolio reflecting uncorrelated fixed-income strategies
designed to exploit market inefficiencies across global markets and fixed-income sectors. These strategies include investments
in the following asset categories: (a) sovereign debt: obligations of governments in developed and emerging markets; (b) corporate
credit: investment-grade debt, below-investment-grade debt (sometimes referred to as “junk bonds”), bank loans, convertible
bonds and structured credit; and (c) securitized assets: asset-backed securities, residential mortgage-backed securities (which
may be backed by non-qualified or “sub-prime” mortgages), commercial mortgage-backed securities and collateralized
mortgage obligations. In pursuing a consistent absolute return, the fund’s strategies are also generally intended to produce
lower volatility over a reasonable period of time than has been historically associated with traditional asset classes that have
earned similar levels of return over long historical periods. These traditional asset classes might include, for example, short-term
debt securities. We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments. We typically use derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes. Accordingly, we may use derivatives to a significant extent to obtain or enhance exposure to the fixed-income sectors and strategies mentioned above, and to hedge against risk. Putnam Absolute Return 100 Fund has a lower risk and return profile than Putnam Absolute Return 300 Fund as a result of decreased exposure to the fixed-income sectors and strategies mentioned above. Another distinction between the funds is that Putnam Absolute Return 100 Fund may maintain a higher cash position from time to time. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risks | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
It is important to understand that you can lose money by investing in the fund. Our allocation of assets among fixed-income strategies and sectors may hurt performance. The value of bonds in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general financial market conditions, changing market perceptions (including perceptions about the risk of default and expectations about monetary policy or interest rates), changes in government intervention in the financial markets, and factors related to a specific issuer or industry. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Bond investments are subject to interest rate risk, which means the value of the fund’s bond investments is likely to fall if interest rates rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds, which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments, are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields. The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation or deflation), and may be or become illiquid. Our use of derivatives may increase these risks by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. The fund may not achieve its goal, and it is not intended to be a complete investment program. The fund’s efforts to produce lower volatility returns may not be successful and may make it more difficult at times for the fund to achieve its targeted return. In addition, under certain market conditions, the fund may accept greater volatility than would typically be the case, in order to seek its targeted return. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Investor profile The fund is one of four Putnam Absolute Return Funds designed for investors seeking positive total return in excess of the return on U.S. Treasury bills by a targeted amount (100, 300, 500 or 700 basis points) on an annualized basis over a reasonable period of time (a full market cycle, which is generally at least three years but may potentially be significantly longer) regardless of market conditions. Because the fund seeks performance over a reasonable period of time, investors should be willing to wait out short-term market fluctuations and should generally have an investment horizon of at least three years or more. The fund may be suitable for you if you are seeking cash investments that earn a stable return and income over time, particularly if you are in or near retirement. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual total returns for class A shares before sales charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
![]() | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Best calendar quarter Q1 2012 1.71% Worst calendar quarter Q3 2011 -2.22% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average annual total returns after sales charges (for periods ending 12/31/16) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax
returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares
only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan,
an IRA, or another tax-advantaged arrangement. Class B share performance reflects conversion to class A shares after eight years. The Bloomberg Barclays U.S. Aggregate Bond Index and the S&P 500 Index are broad measures of market performance. Securities in the fund do not match those in the indexes and the performance of the fund will differ. |
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Putnam Absolute Return 300 Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fund Summary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goal | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam Absolute Return 300 Fund seeks to earn a positive total return that exceeds the return on U.S. Treasury bills by 300 basis points (or 3.00%) on an annualized basis over a reasonable period of time (generally at least three years or more) regardless of market conditions. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fees and expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $500,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 40 of the fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholder fees (fees paid directly from your investment) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 428%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The fund is designed to pursue a consistent absolute return through a broadly diversified portfolio reflecting uncorrelated fixed-income
strategies designed to exploit market inefficiencies across global markets and fixed-income sectors. These strategies include investments
in the following asset categories: (a) sovereign debt: obligations of governments in developed and emerging markets; (b) corporate
credit: investment-grade debt, below-investment-grade debt (sometimes referred to as “junk bonds”), bank loans, convertible
bonds and structured credit; and (c) securitized assets: asset-backed securities, residential mortgage-backed securities (which
may be backed by non-qualified or “sub-prime” mortgages), commercial mortgage-backed securities and collateralized
mortgage obligations. In pursuing a consistent absolute return, the fund’s strategies are also generally intended to produce
lower volatility over a reasonable period of time than has been historically associated with traditional asset classes that have
earned similar levels of return over long historical periods. These traditional asset classes might include, for example, bonds
with moderate exposure to interest rate and credit risks. We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments. We typically use derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, for both hedging and non-hedging purposes. Accordingly, we may use derivatives to a significant extent to obtain or enhance exposure to the fixed-income sectors and strategies mentioned above, and to hedge against risk. Putnam Absolute Return 300 Fund has a higher risk and return profile than Putnam Absolute Return 100 Fund as a result of increased exposure to the fixed-income sectors and strategies mentioned above. Another distinction between the funds is that Putnam Absolute Return 100 Fund may maintain a higher cash position from time to time. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risks | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
It is important
to understand that you can lose money by investing in the fund. Our allocation of assets among fixed-income strategies and sectors may hurt performance. The value of bonds in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general financial market conditions, changing market perceptions (including perceptions about the risk of default and expectations about monetary policy or interest rates), changes in government intervention in the financial markets, and factors related to a specific issuer or industry. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Bond investments are subject to interest rate risk, which means the value of the fund’s bond investments is likely to fall if interest rates rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds, which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments, are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields. The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation or deflation), and may be or become illiquid. Our use of derivatives may increase these risks by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. The fund may not achieve its goal, and it is not intended to be a complete investment program. The fund’s efforts to produce lower volatility returns may not be successful and may make it more difficult at times for the fund to achieve its targeted return. In addition, under certain market conditions, the fund may accept greater volatility than would typically be the case, in order to seek its targeted return. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Investor profile The fund is one of four Putnam Absolute Return Funds designed for investors seeking positive total return in excess of the return on U.S. Treasury bills by a targeted amount (100, 300, 500 or 700 basis points) on an annualized basis over a reasonable period of time (a full market cycle, which is generally at least three years but may potentially be significantly longer) regardless of market conditions. Because the fund seeks performance over a reasonable period of time, investors should be willing to wait out short-term market fluctuations and should generally have an investment horizon of at least three years or more. The fund may be suitable for you if you are considering a bond fund with moderate exposure to interest rate and credit risks. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual total returns for class A shares before sales charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
![]() | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Best calendar quarter Q1 2012 3.36% Worst calendar quarter Q3 2011 -4.09% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average annual total returns after sales charges (for periods ending 12/31/16) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax
returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares
only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan,
an IRA, or another tax-advantaged arrangement. Class B share performance reflects conversion to class A shares after eight years. The Bloomberg Barclays U.S. Aggregate Bond Index and the S&P 500 Index are broad measures of market performance. Securities in the fund do not match those in the indexes and the performance of the fund will differ. |
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end
Putnam Absolute Return 500 Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fund Summary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goal | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Putnam Absolute Return 500 Fund seeks to earn a positive total return that exceeds the return on U.S. Treasury bills by 500 basis points (or 5.00%) on an annualized basis over a reasonable period of time (generally at least three years or more) regardless of market conditions. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fees and expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 40 of the fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shareholder fees (fees paid directly from your investment) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Portfolio turnover | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 522%. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The fund is designed to pursue a consistent absolute return by combining two independent investment strategies — a beta
strategy, which provides broad exposure to investment markets, and an alpha strategy,
which seeks returns from active trading. The beta strategy seeks to balance risk
and to provide positive total return by investing, without limit, in many different asset classes, including U.S., international,
and emerging markets equity securities (growth or value stocks or both) and fixed-income securities; mortgage- and asset-backed
securities; below-investment-grade securities (sometimes referred to as “junk bonds”); inflation-protected securities;
commodities; and real estate investment trusts (REITs). The alpha strategy involves
the potential use of active trading strategies designed to provide additional total return through active security selection, tactical
asset allocation, currency transactions and options transactions. In pursuing a consistent absolute return, the fund’s strategies
are also generally intended to produce lower volatility over a reasonable period of time than has been historically associated
with traditional asset classes that have earned similar levels of return over long historical periods. These traditional asset
classes might include, for example, balanced portfolios with significant exposure to both stocks and bonds. We may consider, among other factors, a company’s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments, and, among other factors, credit, interest rate and prepayment risks when deciding whether to buy or sell fixed-income investments. We may also take into account general market conditions when making investment decisions. We typically use derivatives, such as futures, options, certain foreign currency transactions, warrants and swap contracts, to a significant extent for hedging purposes and to increase the fund’s exposure to the asset classes and strategies mentioned above, which may create investment leverage. Putnam Absolute Return 500 Fund has a lower risk and return profile than Putnam Absolute Return 700 Fund as a result of decreased exposure to the asset classes and strategies mentioned above. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risks | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
It is important to understand that you can lose money by investing in the fund. Our allocation of assets among asset classes may hurt performance. The value of stocks and bonds in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general financial market conditions, changing market perceptions (including perceptions about the risk of default and expectations about monetary policy or interest rates), changes in government intervention in the financial markets, and factors related to a specific issuer or industry. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Bond investments are subject to interest rate risk, which means the value of the fund’s bond investments is likely to fall if interest rates rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for below-investment-grade bonds which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments, are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields. The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels of inflation or deflation), and may be or become illiquid. Our alpha strategy may lose money or not earn a return sufficient to cover associated trading and other costs. Our use of leverage obtained through derivatives increases these risks by increasing investment exposure. Derivatives also involve the risk, in the case of many over-the-counter instruments, of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. The fund may not achieve its goal, and it is not intended to be a complete investment program. The fund’s efforts to produce lower volatility returns may not be successful and may make it more difficult at times for the fund to achieve its targeted return. In addition, under certain market conditions, the fund may accept greater volatility than would typically be the case, in order to seek its targeted return. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Investor profile The fund is one of four Putnam Absolute Return Funds designed for investors seeking positive total return in excess of the return on U.S. Treasury bills by a targeted amount (100, 300, 500 or 700 basis points) on an annualized basis over a reasonable period of time (a full market cycle, which is generally at least three years but may potentially be significantly longer) regardless of market conditions. Because the fund seeks performance over a reasonable period of time, investors should be willing to wait out short-term market fluctuations and should generally have an investment horizon of at least three years or more. The fund may be suitable for you if you are considering a balanced fund, or a fund that can manage allocations and risk across global asset classes. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Performance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures for the fund are available at putnam.com. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual total returns for class A shares before sales charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
![]() | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Best calendar quarter Q1 2012 5.31% Worst calendar quarter Q3 2011 -4.83% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average annual total returns after sales charges (for periods ending 12/31/16) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax
returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares
only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan,
an IRA, or another tax-advantaged arrangement. Class B share performance reflects conversion to class A shares after eight years. The Bloomberg Barclays U.S. Aggregate Bond Index and the S&P 500 Index are broad measures of market performance. Securities in the fund do not match those in the indexes and the performance of the fund will differ. |
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Putnam Absolute Return 700 Fund
Fund Summary
Goal
Putnam Absolute Return 700 Fund seeks to earn a positive total return that exceeds the return on U.S. Treasury bills by 700 basis points
(or 7.00%) on an annualized basis over a reasonable period of time (generally at least three years or more) regardless of market
conditions.
Fees and expenses
The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these
and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 40 of the
fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1
of the fund’s statement of additional information (SAI).
Shareholder fees (fees paid directly from your investment)
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
5.75%
none
none
3.50%
none
none
none
2.50%
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
1.00%
[1]
5.00%
[2]
1.00%
[3]
none
none
none
none
none
none
[1]
Applies only to certain redemptions of shares bought with no initial sales charge.
[2]
This charge is phased out over six years.
[3]
This charge is eliminated after one year.
Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment)
Management fees
[1]
0.72%
0.72%
0.72%
0.72%
0.72%
0.72%
0.72%
0.72%
0.72%
Distribution and service (12b-1) fees
0.25%
1.00%
1.00%
0.75%
none
0.50%
0.25%
Other expenses
0.23%
[2]
0.23%
[2]
0.23%
[2]
0.23%
[2]
0.09%
[3]
0.23%
[2]
0.13%
0.23%
[3]
0.23%
[2]
Acquired fund fees and expenses
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
0.01%
Total annual fund operating expenses
1.21%
1.96%
1.96%
1.71%
0.82%
1.46%
0.86%
1.21%
0.96%
[1]
Management fees reflect a performance adjustment. The fund's base management fee is subject to adjustment, up or down, based on the fund's performance relative to the fund's target, which is the performance of the BofA Merrill Lynch U.S. Treasury Bill Index plus 700 basis points. For the most recent fiscal year, the fund's base management fee prior to any performance adjustment was 0.876%.
[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 A shares (adjusted for the lower investor servicing fees applicable to class P shares) for the fund's last fiscal year.
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.
Class A
691
937
1,202
1,957
Class B
699
915
1,257
2,091
Class C
299
615
1,057
2,285
Class M
518
870
1,246
2,299
Class P
84
262
455
1,014
Class R
149
462
797
1,746
Class R6
88
274
477
1,061
Class T
370
624
898
1,679
Class Y
98
306
531
1,178
Class B
199
615
1,057
2,091
Class C
199
615
1,057
2,285
Portfolio turnover
The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).
A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the
fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the
above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 578%.
Investments
The fund is designed to pursue a consistent absolute return by combining two independent investment strategies — a beta
strategy, which provides broad exposure to investment markets, and an alpha strategy,
which seeks returns from active trading. The beta strategy seeks to balance risk
and to provide positive total return by investing, without limit, in many different asset classes, including U.S., international,
and emerging markets equity securities (growth or value stocks or both) and fixed-income securities; mortgage- and asset-backed
securities; below-investment-grade securities (sometimes referred to as “junk bonds”); inflation-protected securities;
commodities; and real estate investment trusts (REITs). The alpha strategy involves
the potential use of active trading strategies designed to provide additional total return through active security selection, tactical
asset allocation, currency transactions and options transactions. In pursuing a consistent absolute return, the fund’s strategies
are also generally intended to produce lower volatility over a reasonable period of time than has been historically associated
with traditional asset classes that have earned similar levels of return over long historical periods. These traditional asset
classes might include, for example, equities or equity-like investments.
We may consider, among other factors, a company’s valuation, financial strength, growth potential, competitive position in its
industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments, and, among
other factors, credit, interest rate and prepayment risks when deciding whether to buy or sell fixed-income investments. We may
also take into account general market conditions when making investment decisions. We typically use derivatives, such as futures,
options, certain foreign currency transactions, warrants and swap contracts, to a significant extent for hedging purposes and to
increase the fund’s exposure to the asset classes and strategies mentioned above, which may create investment leverage.
Putnam Absolute Return 700 Fund has a higher risk and return profile than Putnam Absolute Return 500 Fund as a result of increased exposure
to the asset classes and strategies mentioned above.
Risks
It is important to understand that you can lose money by investing in the fund.
Our allocation of assets among asset classes may hurt performance. The value of stocks and bonds in the fund’s portfolio may fall or fail
to rise over extended periods of time for a variety of reasons, including general financial market conditions, changing market
perceptions (including perceptions about the risk of default and expectations about monetary policy or interest rates), changes
in government intervention in the financial markets, and factors related to a specific issuer or industry. These and other factors
may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Growth stocks may be more susceptible
to earnings disappointments, and value stocks may fail to rebound.
Bond investments are subject to interest rate risk, which means the value of the fund’s bond investments is likely to fall if interest rates
rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of
interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for
below-investment-grade bonds, which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments,
are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline
and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments,
including mortgage- and asset-backed investments, in other investments with less attractive terms and yields.
The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International
investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or
governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels
of inflation or deflation), and may be or become illiquid. Our alpha strategy may lose money or not earn a return sufficient
to cover associated trading and other costs. Our use of leverage obtained through derivatives increases these risks by increasing
investment exposure. Derivatives also involve the risk, in the case of many over-the-counter instruments, of the potential inability
to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.
The fund may not achieve its goal, and it is not intended to be a complete investment program. The fund’s efforts to produce lower volatility
returns may not be successful and may make it more difficult at times for the fund to achieve its targeted return. In addition,
under certain market conditions, the fund may accept greater volatility than would typically be the case, in order to seek its
targeted return. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other
government agency.
Investor profile
The fund is
one of four Putnam Absolute Return Funds designed for investors seeking positive total return in excess of the return on U.S. Treasury
bills by a targeted amount (100, 300, 500 or 700 basis points) on an annualized basis over a reasonable period of time (a full
market cycle, which is generally at least three years but may potentially be significantly longer) regardless of market conditions.
Because the fund seeks performance over a reasonable period of time, investors should be willing to wait out short-term market
fluctuations and should generally have an investment horizon of at least three years or more. The fund may be suitable for you
if you are considering a stock fund, or a fund that can manage allocations and risk across global asset classes.
Performance
The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's
performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would
be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures
for the fund are available at putnam.com.
Annual total returns for class A shares before sales charges
Best calendar quarter
Q1
2012 6.07%
Worst calendar quarter
Q3 2011 -5.81%
Average annual total returns after sales charges (for periods ending 12/31/16)
Class A
(3.20%)
2.85%
4.01%
Dec. 23, 2008
Class A | after taxes on distributions
(3.20%)
1.84%
2.99%
Dec. 23, 2008
Class A | after taxes on distributions and sale of fund shares
(1.81%)
1.90%
2.81%
Dec. 23, 2008
Class B
(2.98%)
2.95%
3.98%
Dec. 23, 2008
Class C
0.93%
3.29%
4.00%
Dec. 23, 2008
Class M
(1.29%)
2.83%
3.76%
Dec. 23, 2008
Class P
3.07%
[1]
4.35%
[1]
5.03%
[1]
Dec. 23, 2008
Class R
2.55%
3.84%
4.49%
Dec. 23, 2008
Class R6
3.15%
[1]
4.43%
[1]
5.08%
[1]
Dec. 23, 2008
Class T
0.14%
[2]
3.55%
[2]
4.45%
[2]
Dec. 23, 2008
Class Y
2.98%
4.33%
5.02%
Dec. 23, 2008
BofA Merrill Lynch U.S. Treasury Bill Index (no deduction for fees, expenses or taxes)
0.37%
0.14%
0.17%
Dec. 23, 2008
BofA Merrill Lynch U.S. Treasury Bill Index plus 700 basis points (no deduction for fees, expenses or taxes)
7.37%
7.14%
7.17%
Dec. 23, 2008
S&P 500 Index (no deduction for fees, expenses or taxes)
11.96%
14.66%
15.08%
Dec. 23, 2008
Bloomberg Barclays U.S. Aggregate Bond Index (no deduction for fees, expenses or taxes)
2.65%
2.23%
3.93%
Dec. 23, 2008
[1]
Performance for class R6 shares prior to its inception (7/2/12) and class P shares prior to its inception (8/31/16) is derived from the historical performance of class Y shares and has not been adjusted for the lower investor servicing fees applicable to class R6 and class P shares; had it, returns would have been higher.
[2]
Class T shares were not outstanding during the time periods shown. Performance shown for class T shares is derived from the historical performance of class A shares.
After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax
returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares
only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan,
an IRA, or another tax-advantaged arrangement.
Class B share performance reflects conversion to class A shares after eight years.
The Bloomberg Barclays U.S. Aggregate Bond Index and the S&P 500 Index are broad measures of market performance. Securities in the fund do
not match those in the indexes and the performance of the fund will differ.
53/K\S&0PRU/TVT_=E0VKS<-('T3Q+?+\W667X^77WL3+
MK[V)
Putnam Global Sector Fund
Fund summary
Goal
Putnam Global Sector Fund seeks capital appreciation.
Fees and expenses
The following
table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these
and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 19 of the
fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1
of the fund’s statement of additional information (SAI).
Shareholder fees (fees paid directly from your investment)
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
5.75%
none
none
3.50%
none
2.50%
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
1.00%
[1]
5.00%
[2]
1.00%
[3]
none
none
none
none
[1]
Applies only to certain redemptions of shares bought with no initial sales charge.
[2]
This charge is phased out over six years.
[3]
This charge is eliminated after one year.
Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment)
Management fees
none
none
none
none
none
none
none
Distribution and service (12b-1) fees
0.25%
1.00%
1.00%
0.75%
0.50%
0.25%
Other expenses
1.60%
1.60%
1.60%
1.60%
1.60%
1.60%
[1]
1.60%
Acquired fund fees and expenses
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
Total annual fund operating expenses
2.85%
3.60%
3.60%
3.35%
3.10%
2.85%
2.60%
Expense reimbursement
[2]
(1.60%)
(1.60%)
(1.60%)
(1.60%)
(1.60%)
(1.60%)
(1.60%)
Total annual fund operating expenses after expense reimbursement
1.25%
2.00%
2.00%
1.75%
1.50%
1.25%
1.00%
[1]
Other expenses are based on expenses of class A shares for the fund's last fiscal year.
[2]
Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through February 28, 2018. 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.
Class A
695
1,264
1,859
3,459
Class B
703
1,255
1,928
3,590
Class C
303
955
1,728
3,758
Class M
522
1,200
1,901
3,758
Class R
153
807
1,486
3,299
Class T
374
963
1,578
3,234
Class Y
102
656
1,237
2,815
Class B
203
955
1,728
3,590
Class C
203
955
1,728
3,758
Portfolio turnover
The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).
A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held
in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund
performance. The fund’s turnover rate in the most recent fiscal year was 44%.
Investments
We allocate the fund’s assets among eight Putnam global sector funds to provide exposure to sectors of the global market in approximately
the same proportions as the sector weightings in the MSCI World Index. Each underlying fund is a non-diversified fund concentrating
in the market sector specified in its name, and each invests mainly in common stocks (growth or value stocks or both) of large
and midsize companies worldwide that we believe have favorable investment potential.
Global
Consumer Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net assets
in securities of companies in the consumer staples and consumer discretionary products and services industries. This policy may
be changed only after 60 days’ notice to shareholders.
Global
Financials Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net assets
in securities of companies in the financial services industries. This policy may be changed only after 60 days’ notice to
shareholders.
Global
Health Care Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net assets
in securities of companies in the health care industries. This policy may be changed only after 60 days’ notice to shareholders.
Global
Industrials Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net assets
in securities of companies in the industrial products, services or equipment industries. This policy may be changed only after
60 days’ notice to shareholders.
Global
Natural Resources Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net
assets in securities of companies in the energy or other natural resources industries. This policy may be changed only after 60
days’ notice to shareholders.
Global
Technology Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net assets
in securities of companies in the technology industries. This policy may be changed only after 60 days’ notice to shareholders.
Global
Telecommunications Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net
assets in securities of companies in the telecommunication industries. This policy may be changed only after 60 days’ notice
to shareholders.
Global
Utilities Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net assets
in securities of companies worldwide in the utilities industries. This policy may be changed only after 60 days’ notice to
shareholders.
Each underlying
fund may invest in emerging markets, use derivatives, such as futures, options, foreign currency transactions, warrants and swap
contracts, for both hedging and non-hedging purposes, and engage in short sales of securities.
We seek to
rebalance the fund’s allocations monthly to remain in alignment with the index. The following table shows the fund’s
approximate allocations to the underlying funds as of 12/31/16:
Underlying fund
Approximate allocation as of 12/31/16
Putnam Global Consumer Fund
21.99%
Putnam Global Financials Fund
21.24%
Putnam Global Technology Fund
14.51%
Putnam Global Health Care Fund
12.08%
Putnam Global Natural Resources Fund
12.06%
Putnam Global Industrials Fund
11.15%
Putnam Global Telecommunications Fund
3.36%
Putnam Global Utilities Fund
3.19%
We may also
invest in money market securities or affiliated money market or short-term fixed income funds for cash management.
Risks
It is important
to understand that you can lose money by investing in the fund.
Our allocation
of investments among the underlying funds may hurt performance. In addition, the fund’s performance is subject to the risks
that may affect the performance of the underlying funds, which are as follows. The value of stocks in an underlying fund’s
portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general financial market conditions,
changing market perceptions, changes in government intervention in the financial markets, and factors related to a specific company
or industry. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings.
Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. An underlying fund’s
policy of concentrating on a limited group of industries and an underlying fund’s “non-diversified” status, which
means the underlying fund may invest a greater percentage of its assets in fewer issuers than a “diversified” fund,
can increase the underlying fund’s vulnerability to adverse developments affecting a single issuer, which may result in greater
losses and volatility.
The value of
international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International
investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or
governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels
of inflation or deflation), and may be or become illiquid. An underlying fund’s use of derivatives may increase these risks
by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because
of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument
to meet its obligations. An underlying fund’s use of short selling may result in losses if the securities appreciate in value.
The fund may
not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed
by the Federal Deposit Insurance Corporation or any other government agency.
Performance
The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's
performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would
be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures
for the fund are available at putnam.com.
Annual total returns for class A shares before sales charges
Best calendar quarter
Q1
2012 13.67%
Worst calendar quarter
Q3 2011 -20.98%
Average annual total returns after sales charges (for periods ending 12/31/16)
Class A
(0.55%)
9.27%
6.61%
Mar. 31, 2010
Class A | after taxes on distributions
(1.20%)
7.35%
4.93%
Mar. 31, 2010
Class A | after taxes on distributions and sale of fund shares
0.23%
7.19%
5.07%
Mar. 31, 2010
Class B
(0.24%)
9.47%
6.74%
Mar. 31, 2010
Class C
3.74%
9.74%
6.74%
Mar. 31, 2010
Class M
1.24%
9.22%
6.44%
Mar. 31, 2010
Class R
5.20%
10.29%
7.28%
Mar. 31, 2010
Class T
2.88%
[1]
10.02%
[1]
7.15%
[1]
Mar. 31, 2010
Class Y
5.74%
10.84%
7.81%
Mar. 31, 2010
MSCI World Index (ND) (no deduction for fees, expenses or taxes other than withholding taxes on reinvested dividends)
7.51%
10.41%
7.97%
Mar. 31, 2010
[1]
Class T shares were not outstanding during the time periods shown. Performance shown for class T shares is derived from the historical performance of class A shares.
After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual
after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are shown for
class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through
a 401(k) plan, an IRA, or another tax-advantaged arrangement.
Label
Element
Value
Risk Return Abstract
rr_RiskReturnAbstract
Document Type
dei_DocumentType
485BPOS
Document Period End Date
dei_DocumentPeriodEndDate
Dec. 31, 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
Feb. 28, 2017
Document Effective Date
dei_DocumentEffectiveDate
Feb. 28, 2017
Prospectus Date
rr_ProspectusDate
Feb. 28, 2017
Putnam Absolute Return 100 Fund
Risk Return Abstract
rr_RiskReturnAbstract
Risk/Return [Heading]
rr_RiskReturnHeading
Fund Summary
Objective [Heading]
rr_ObjectiveHeading
Goal
Objective, Primary [Text Block]
rr_ObjectivePrimaryTextBlock
Putnam Absolute Return 100 Fund seeks to earn a positive total return that exceeds the return on U.S. Treasury bills by 100 basis points
(or 1.00%) on an annualized basis over a reasonable period of time (generally at least three years or more) regardless of market
conditions.
Expense [Heading]
rr_ExpenseHeading
Fees and expenses
Expense Narrative [Text Block]
rr_ExpenseNarrativeTextBlock
The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least $500,000 in Putnam funds. More information about these
and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 40 of the
fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1
of the fund’s statement of additional information (SAI).
Shareholder Fees Caption [Text]
rr_ShareholderFeesCaption
Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text]
rr_OperatingExpensesCaption
Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading]
rr_PortfolioTurnoverHeading
Portfolio turnover
Portfolio Turnover [Text Block]
rr_PortfolioTurnoverTextBlock
The fund pays
transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).
A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held
in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund
performance. The fund’s turnover rate in the most recent fiscal year was 129%.
Portfolio Turnover, Rate
rr_PortfolioTurnoverRate
129.00%
Expense Breakpoint Discounts [Text]
rr_ExpenseBreakpointDiscounts
You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least $500,000 in Putnam funds. More information about these
and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 40 of the
fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1
of the fund’s statement of additional information (SAI).
Expense Breakpoint, Minimum Investment Required [Amount]
rr_ExpenseBreakpointMinimumInvestmentRequiredAmount
$ 500,000
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.
Strategy [Heading]
rr_StrategyHeading
Investments
Strategy Narrative [Text Block]
rr_StrategyNarrativeTextBlock
The fund is designed to pursue a consistent absolute return through a broadly diversified portfolio reflecting uncorrelated fixed-income strategies
designed to exploit market inefficiencies across global markets and fixed-income sectors. These strategies include investments
in the following asset categories: (a) sovereign debt: obligations of governments in developed and emerging markets; (b) corporate
credit: investment-grade debt, below-investment-grade debt (sometimes referred to as “junk bonds”), bank loans, convertible
bonds and structured credit; and (c) securitized assets: asset-backed securities, residential mortgage-backed securities (which
may be backed by non-qualified or “sub-prime” mortgages), commercial mortgage-backed securities and collateralized
mortgage obligations. In pursuing a consistent absolute return, the fund’s strategies are also generally intended to produce
lower volatility over a reasonable period of time than has been historically associated with traditional asset classes that have
earned similar levels of return over long historical periods. These traditional asset classes might include, for example, short-term
debt securities.
We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to
buy or sell investments. We typically use derivatives, such as futures, options, certain foreign currency transactions, warrants
and swap contracts, for both hedging and non-hedging purposes. Accordingly, we may use derivatives to a significant extent to obtain
or enhance exposure to the fixed-income sectors and strategies mentioned above, and to hedge against risk.
Putnam Absolute Return 100 Fund has a lower risk and return profile than Putnam Absolute Return 300 Fund as a result of decreased exposure to the
fixed-income sectors and strategies mentioned above. Another distinction between the funds is that Putnam Absolute Return 100 Fund
may maintain a higher cash position from time to time.
Risk [Heading]
rr_RiskHeading
Risks
Risk Narrative [Text Block]
rr_RiskNarrativeTextBlock
It is important to understand that you can lose money by investing in the fund.
Our allocation of assets among fixed-income strategies and sectors may hurt performance. The value of bonds in the fund’s portfolio may
fall or fail to rise over extended periods of time for a variety of reasons, including general financial market conditions, changing
market perceptions (including perceptions about the risk of default
and expectations about monetary policy or interest rates), changes in government intervention in the financial markets, and factors
related to a specific issuer or industry. These and other factors may lead to increased volatility and reduced liquidity in the
fund’s portfolio holdings.
Bond investments are subject to interest rate risk, which means the value of the fund’s bond investments is likely to fall if interest rates
rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of
interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for
below-investment-grade bonds, which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments,
are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline
and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments,
including mortgage- and asset-backed investments, in other investments with less attractive terms and yields.
The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International
investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or
governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels
of inflation or deflation), and may be or become illiquid. Our use of derivatives may increase these risks by increasing investment
exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability
to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.
The fund may not achieve its goal, and it is not intended to be a complete investment program. The fund’s efforts to produce lower volatility
returns may not be successful and may make it more difficult at times for the fund to achieve its targeted return. In addition,
under certain market conditions, the fund may accept greater volatility than would typically be the case, in order to seek its
targeted return. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other
government agency.
Investor profile
The fund is one of four Putnam Absolute Return Funds designed for investors seeking positive total return in excess of the return on U.S. Treasury
bills by a targeted amount (100, 300, 500 or 700 basis points) on an annualized basis over a reasonable period of time (a full
market cycle, which is generally at least three years but may potentially be significantly longer) regardless of market conditions.
Because the fund seeks performance over a reasonable period of time, investors should be willing to wait out short-term market
fluctuations and should generally have an investment horizon of at least three years or more. The fund may be suitable for you
if you are seeking cash investments that earn a stable return and income over time, particularly if you are in or near retirement.
Risk Lose Money [Text]
rr_RiskLoseMoney
It is important to understand that you can lose money by investing in the fund.
Risk Not Insured Depository Institution [Text]
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An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading]
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Performance
Performance Narrative [Text Block]
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The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's
performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would
be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures
for the fund are available at putnam.com.
Performance Information Illustrates Variability of Returns [Text]
rr_PerformanceInformationIllustratesVariabilityOfReturns
The performance information below gives some indication of the risks associated with an investment in the fund by showing the funds performance year to year and over time.
Performance Availability Website Address [Text]
rr_PerformanceAvailabilityWebSiteAddress
putnam.com
Performance Past Does Not Indicate Future [Text]
rr_PerformancePastDoesNotIndicateFuture
Please remember that past performance is not necessarily an indication of future results.
Bar Chart [Heading]
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Annual total returns for class A shares before sales charges
Bar Chart Does Not Reflect Sales Loads [Text]
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The bar chart does not reflect the impact of sales charges. If it did, performance would be lower.
Bar Chart Closing [Text Block]
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Best calendar quarter
Q1
2012 1.71%
Worst calendar quarter
Q3 2011 -2.22%
Highest Quarterly Return, Label
rr_HighestQuarterlyReturnLabel
Best calendar quarter
Highest Quarterly Return, Date
rr_BarChartHighestQuarterlyReturnDate
Mar. 31, 2012
Highest Quarterly Return
rr_BarChartHighestQuarterlyReturn
1.71%
Lowest Quarterly Return, Label
rr_LowestQuarterlyReturnLabel
Worst calendar quarter
Lowest Quarterly Return, Date
rr_BarChartLowestQuarterlyReturnDate
Sep. 30, 2011
Lowest Quarterly Return
rr_BarChartLowestQuarterlyReturn
(2.22%)
Performance Table Heading
rr_PerformanceTableHeading
Average annual total returns after sales charges (for periods ending 12/31/16)
Performance Table Uses Highest Federal Rate
rr_PerformanceTableUsesHighestFederalRate
After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.
Performance Table Not Relevant to Tax Deferred
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Actual after-tax returns depend on an investor's tax situation and may differ from those shown.
Performance Table One Class of after Tax Shown [Text]
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After-tax returns are shown for class A shares only and will vary for other classes.
Performance Table Closing [Text Block]
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After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax
returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares
only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan,
an IRA, or another tax-advantaged arrangement.
Class B share performance reflects conversion to class A shares after eight years.
The Bloomberg Barclays U.S. Aggregate Bond Index and the S&P 500 Index are broad measures of market performance. Securities in the fund do
not match those in the indexes and the performance of the fund will differ.
Putnam Absolute Return 100 Fund | Class A
Risk Return Abstract
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Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
1.00%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
1.00%
[1]
Management fees
rr_ManagementFeesOverAssets
0.37%
[2]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
Other expenses
rr_OtherExpensesOverAssets
0.01%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.63%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 164
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
300
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
448
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 878
Annual Return 2009
rr_AnnualReturn2009
4.04%
Annual Return 2010
rr_AnnualReturn2010
1.16%
Annual Return 2011
rr_AnnualReturn2011
(1.91%)
Annual Return 2012
rr_AnnualReturn2012
2.77%
Annual Return 2013
rr_AnnualReturn2013
1.77%
Annual Return 2014
rr_AnnualReturn2014
0.69%
Annual Return 2015
rr_AnnualReturn2015
(0.51%)
Annual Return 2016
rr_AnnualReturn2016
2.27%
1 Year
rr_AverageAnnualReturnYear01
1.24%
5 Years
rr_AverageAnnualReturnYear05
1.19%
Since Inception
rr_AverageAnnualReturnSinceInception
1.14%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 100 Fund | Class B
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
1.00%
[3]
Management fees
rr_ManagementFeesOverAssets
0.37%
[2]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.45%
Other expenses
rr_OtherExpensesOverAssets
0.01%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.83%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 185
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
265
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
460
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
968
Expense Example, No Redemption, 1 Year
rr_ExpenseExampleNoRedemptionYear01
85
Expense Example, No Redemption, 3 Years
rr_ExpenseExampleNoRedemptionYear03
265
Expense Example, No Redemption, 5 Years
rr_ExpenseExampleNoRedemptionYear05
460
Expense Example, No Redemption, 10 Years
rr_ExpenseExampleNoRedemptionYear10
$ 968
1 Year
rr_AverageAnnualReturnYear01
1.01%
5 Years
rr_AverageAnnualReturnYear05
1.18%
Since Inception
rr_AverageAnnualReturnSinceInception
1.00%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 100 Fund | Class C
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
1.00%
[4]
Management fees
rr_ManagementFeesOverAssets
0.37%
[2]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
1.00%
Other expenses
rr_OtherExpensesOverAssets
0.01%
Total annual fund operating expenses
rr_ExpensesOverAssets
1.38%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 240
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
437
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
755
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
1,657
Expense Example, No Redemption, 1 Year
rr_ExpenseExampleNoRedemptionYear01
140
Expense Example, No Redemption, 3 Years
rr_ExpenseExampleNoRedemptionYear03
437
Expense Example, No Redemption, 5 Years
rr_ExpenseExampleNoRedemptionYear05
755
Expense Example, No Redemption, 10 Years
rr_ExpenseExampleNoRedemptionYear10
$ 1,657
1 Year
rr_AverageAnnualReturnYear01
0.48%
5 Years
rr_AverageAnnualReturnYear05
0.63%
Since Inception
rr_AverageAnnualReturnSinceInception
0.52%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 100 Fund | Class M
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
0.75%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.37%
[2]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.30%
Other expenses
rr_OtherExpensesOverAssets
0.01%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.68%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 144
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
291
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
451
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 915
1 Year
rr_AverageAnnualReturnYear01
1.38%
5 Years
rr_AverageAnnualReturnYear05
1.18%
Since Inception
rr_AverageAnnualReturnSinceInception
1.10%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 100 Fund | Class P
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.37%
[2]
Other expenses
rr_OtherExpensesOverAssets
0.01%
[5]
Total annual fund operating expenses
rr_ExpensesOverAssets
0.38%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 39
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
122
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
213
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 480
1 Year
rr_AverageAnnualReturnYear01
2.44%
[6]
5 Years
rr_AverageAnnualReturnYear05
1.64%
[6]
Since Inception
rr_AverageAnnualReturnSinceInception
1.51%
[6]
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 100 Fund | Class R
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.37%
[2]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.50%
Other expenses
rr_OtherExpensesOverAssets
0.01%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.88%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 90
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
281
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
488
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 1,084
1 Year
rr_AverageAnnualReturnYear01
1.94%
5 Years
rr_AverageAnnualReturnYear05
1.14%
Since Inception
rr_AverageAnnualReturnSinceInception
1.01%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 100 Fund | Class R6
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.37%
[2]
Other expenses
rr_OtherExpensesOverAssets
0.01%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.38%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 39
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
122
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
213
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 480
1 Year
rr_AverageAnnualReturnYear01
2.44%
[6]
5 Years
rr_AverageAnnualReturnYear05
1.65%
[6]
Since Inception
rr_AverageAnnualReturnSinceInception
1.52%
[6]
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 100 Fund | Class T
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.37%
[2]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
Other expenses
rr_OtherExpensesOverAssets
0.01%
[5]
Total annual fund operating expenses
rr_ExpensesOverAssets
0.63%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 64
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
202
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
351
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 786
1 Year
rr_AverageAnnualReturnYear01
2.27%
[7]
5 Years
rr_AverageAnnualReturnYear05
1.39%
[7]
Since Inception
rr_AverageAnnualReturnSinceInception
1.27%
[7]
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 100 Fund | Class Y
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.37%
[2]
Other expenses
rr_OtherExpensesOverAssets
0.01%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.38%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 39
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
122
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
213
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 480
1 Year
rr_AverageAnnualReturnYear01
2.44%
5 Years
rr_AverageAnnualReturnYear05
1.64%
Since Inception
rr_AverageAnnualReturnSinceInception
1.51%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 100 Fund | after taxes on distributions | Class A
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
0.18%
5 Years
rr_AverageAnnualReturnYear05
0.54%
Since Inception
rr_AverageAnnualReturnSinceInception
0.59%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 100 Fund | after taxes on distributions and sale of fund shares | Class A
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
0.70%
5 Years
rr_AverageAnnualReturnYear05
0.62%
Since Inception
rr_AverageAnnualReturnSinceInception
0.66%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 100 Fund | BofA Merrill Lynch U.S. Treasury Bill Index (no deduction for fees, expenses or taxes)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
0.37%
5 Years
rr_AverageAnnualReturnYear05
0.14%
Since Inception
rr_AverageAnnualReturnSinceInception
0.17%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 100 Fund | BofA Merrill Lynch U.S. Treasury Bill Index plus 100 basis points (no deduction for fees, expenses or taxes)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
1.37%
5 Years
rr_AverageAnnualReturnYear05
1.14%
Since Inception
rr_AverageAnnualReturnSinceInception
1.17%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 100 Fund | S&P 500 Index (no deduction for fees, expenses or taxes)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
11.96%
5 Years
rr_AverageAnnualReturnYear05
14.66%
Since Inception
rr_AverageAnnualReturnSinceInception
15.08%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 100 Fund | Bloomberg Barclays U.S. Aggregate Bond Index (no deduction for fees, expenses or taxes)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
2.65%
5 Years
rr_AverageAnnualReturnYear05
2.23%
Since Inception
rr_AverageAnnualReturnSinceInception
3.93%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 300 Fund
Risk Return Abstract
rr_RiskReturnAbstract
Risk/Return [Heading]
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Fund Summary
Objective [Heading]
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Goal
Objective, Primary [Text Block]
rr_ObjectivePrimaryTextBlock
Putnam Absolute Return 300 Fund seeks to earn a positive total return that exceeds the return on U.S. Treasury bills by 300 basis points
(or 3.00%) on an annualized basis over a reasonable period of time (generally at least three years or more) regardless of market
conditions.
Expense [Heading]
rr_ExpenseHeading
Fees and expenses
Expense Narrative [Text Block]
rr_ExpenseNarrativeTextBlock
The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least $500,000 in Putnam funds. More information about these
and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 40 of the
fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1
of the fund’s statement of additional information (SAI).
Shareholder Fees Caption [Text]
rr_ShareholderFeesCaption
Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text]
rr_OperatingExpensesCaption
Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading]
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Portfolio turnover
Portfolio Turnover [Text Block]
rr_PortfolioTurnoverTextBlock
The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).
A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the
fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the
above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 428%.
Portfolio Turnover, Rate
rr_PortfolioTurnoverRate
428.00%
Expense Breakpoint Discounts [Text]
rr_ExpenseBreakpointDiscounts
You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least $500,000 in Putnam funds. More information about these
and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 40 of the
fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1
of the fund’s statement of additional information (SAI).
Expense Breakpoint, Minimum Investment Required [Amount]
rr_ExpenseBreakpointMinimumInvestmentRequiredAmount
$ 500,000
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.
Strategy [Heading]
rr_StrategyHeading
Investments
Strategy Narrative [Text Block]
rr_StrategyNarrativeTextBlock
The fund is designed to pursue a consistent absolute return through a broadly diversified portfolio reflecting uncorrelated fixed-income
strategies designed to exploit market inefficiencies across global markets and fixed-income sectors. These strategies include investments
in the following asset categories: (a) sovereign debt: obligations of governments in developed and emerging markets; (b) corporate
credit: investment-grade debt, below-investment-grade debt (sometimes referred to as “junk bonds”), bank loans, convertible
bonds and structured credit; and (c) securitized assets: asset-backed securities, residential mortgage-backed securities (which
may be backed by non-qualified or “sub-prime” mortgages), commercial mortgage-backed securities and collateralized
mortgage obligations. In pursuing a consistent absolute return, the fund’s strategies are also generally intended to produce
lower volatility over a reasonable period of time than has been historically associated with traditional asset classes that have
earned similar levels of return over long historical periods. These traditional asset classes might include, for example, bonds
with moderate exposure to interest rate and credit risks.
We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding
whether to buy or sell investments. We typically use derivatives, such as futures, options, certain foreign currency transactions,
warrants and swap contracts, for both hedging and non-hedging purposes. Accordingly, we may use derivatives to a significant extent
to obtain or enhance exposure to the fixed-income sectors and strategies mentioned above, and to hedge against risk.
Putnam Absolute Return 300 Fund has a higher risk and return profile than Putnam Absolute Return 100 Fund as a result of increased exposure
to the fixed-income sectors and strategies mentioned above. Another distinction between the funds is that Putnam Absolute Return
100 Fund may maintain a higher cash position from time to time.
Risk [Heading]
rr_RiskHeading
Risks
Risk Narrative [Text Block]
rr_RiskNarrativeTextBlock
It is important
to understand that you can lose money by investing in the fund.
Our allocation of assets among fixed-income strategies and sectors may hurt performance. The value of bonds in the fund’s portfolio may
fall or fail to rise over extended periods of time for a variety of reasons, including general financial market conditions, changing
market perceptions (including perceptions about the risk of default and expectations about monetary policy or interest rates),
changes in government intervention in the financial markets, and factors related to a specific issuer or industry. These and other
factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings.
Bond investments are subject to interest rate risk, which means the value of the fund’s bond investments is likely to fall if interest rates
rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of
interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for
below-investment-grade bonds, which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments,
are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline
and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments,
including mortgage- and asset-backed investments, in other investments with less attractive terms and yields.
The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International
investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or
governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels
of inflation or deflation), and may be or become illiquid. Our use of derivatives may increase these risks by increasing investment
exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability
to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.
The fund may not achieve its goal, and it is not intended to be a complete investment program. The fund’s efforts to produce lower volatility
returns may not be successful and may make it more difficult at times for the fund to achieve its targeted return. In addition,
under certain market conditions, the fund may accept greater volatility than would typically be the case, in order to seek its
targeted return. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other
government agency.
Investor profile
The fund is
one of four Putnam Absolute Return Funds designed for investors seeking positive total return in excess of the return on U.S. Treasury
bills by a targeted amount (100, 300, 500 or 700 basis points) on an annualized basis over a reasonable period of time (a full
market cycle, which is generally at least three years but may potentially be significantly longer) regardless of market conditions.
Because the fund seeks performance over a reasonable period of time, investors should be willing to wait out short-term market
fluctuations and should generally have an investment horizon of at least three years or more. The fund may be suitable for you
if you are considering a bond fund with moderate exposure to interest rate and credit risks.
Risk Lose Money [Text]
rr_RiskLoseMoney
It is important to understand that you can lose money by investing in the fund.
Risk Not Insured Depository Institution [Text]
rr_RiskNotInsuredDepositoryInstitution
An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading]
rr_BarChartAndPerformanceTableHeading
Performance
Performance Narrative [Text Block]
rr_PerformanceNarrativeTextBlock
The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's
performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would
be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures
for the fund are available at putnam.com.
Performance Information Illustrates Variability of Returns [Text]
rr_PerformanceInformationIllustratesVariabilityOfReturns
The performance information below gives some indication of the risks associated with an investment in the fund by showing the funds performance year to year and over time.
Performance Availability Website Address [Text]
rr_PerformanceAvailabilityWebSiteAddress
putnam.com
Performance Past Does Not Indicate Future [Text]
rr_PerformancePastDoesNotIndicateFuture
Please remember that past performance is not necessarily an indication of future results.
Bar Chart [Heading]
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Annual total returns for class A shares before sales charges
Bar Chart Does Not Reflect Sales Loads [Text]
rr_BarChartDoesNotReflectSalesLoads
The bar chart does not reflect the impact of sales charges. If it did, performance would be lower.
Bar Chart Closing [Text Block]
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Best calendar quarter
Q1
2012 3.36%
Worst calendar quarter
Q3 2011 -4.09%
Highest Quarterly Return, Label
rr_HighestQuarterlyReturnLabel
Best calendar quarter
Highest Quarterly Return, Date
rr_BarChartHighestQuarterlyReturnDate
Mar. 31, 2012
Highest Quarterly Return
rr_BarChartHighestQuarterlyReturn
3.36%
Lowest Quarterly Return, Label
rr_LowestQuarterlyReturnLabel
Worst calendar quarter
Lowest Quarterly Return, Date
rr_BarChartLowestQuarterlyReturnDate
Sep. 30, 2011
Lowest Quarterly Return
rr_BarChartLowestQuarterlyReturn
(4.09%)
Performance Table Heading
rr_PerformanceTableHeading
Average annual total returns after sales charges (for periods ending 12/31/16)
Performance Table Uses Highest Federal Rate
rr_PerformanceTableUsesHighestFederalRate
After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.
Performance Table Not Relevant to Tax Deferred
rr_PerformanceTableNotRelevantToTaxDeferred
Actual after-tax returns depend on an investor's tax situation and may differ from those shown.
Performance Table One Class of after Tax Shown [Text]
rr_PerformanceTableOneClassOfAfterTaxShown
After-tax returns are shown for class A shares only and will vary for other classes.
Performance Table Closing [Text Block]
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After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax
returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares
only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan,
an IRA, or another tax-advantaged arrangement.
Class B share performance reflects conversion to class A shares after eight years.
The Bloomberg Barclays U.S. Aggregate Bond Index and the S&P 500 Index are broad measures of market performance. Securities in the fund do
not match those in the indexes and the performance of the fund will differ.
Putnam Absolute Return 300 Fund | Class A
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
1.00%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
1.00%
[1]
Management fees
rr_ManagementFeesOverAssets
0.45%
[8]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.70%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 171
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
322
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
486
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 962
Annual Return 2009
rr_AnnualReturn2009
8.23%
Annual Return 2010
rr_AnnualReturn2010
3.10%
Annual Return 2011
rr_AnnualReturn2011
(4.37%)
Annual Return 2012
rr_AnnualReturn2012
5.63%
Annual Return 2013
rr_AnnualReturn2013
4.35%
Annual Return 2014
rr_AnnualReturn2014
1.53%
Annual Return 2015
rr_AnnualReturn2015
(1.91%)
Annual Return 2016
rr_AnnualReturn2016
2.01%
1 Year
rr_AverageAnnualReturnYear01
0.99%
5 Years
rr_AverageAnnualReturnYear05
2.09%
Since Inception
rr_AverageAnnualReturnSinceInception
2.12%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 300 Fund | Class B
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
1.00%
[3]
Management fees
rr_ManagementFeesOverAssets
0.45%
[8]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.45%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.90%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 192
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
287
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
498
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
1,051
Expense Example, No Redemption, 1 Year
rr_ExpenseExampleNoRedemptionYear01
92
Expense Example, No Redemption, 3 Years
rr_ExpenseExampleNoRedemptionYear03
287
Expense Example, No Redemption, 5 Years
rr_ExpenseExampleNoRedemptionYear05
498
Expense Example, No Redemption, 10 Years
rr_ExpenseExampleNoRedemptionYear10
$ 1,051
1 Year
rr_AverageAnnualReturnYear01
0.83%
5 Years
rr_AverageAnnualReturnYear05
2.09%
Since Inception
rr_AverageAnnualReturnSinceInception
1.98%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 300 Fund | Class C
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
1.00%
[4]
Management fees
rr_ManagementFeesOverAssets
0.45%
[8]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
1.00%
Total annual fund operating expenses
rr_ExpensesOverAssets
1.45%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 248
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
459
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
792
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
1,735
Expense Example, No Redemption, 1 Year
rr_ExpenseExampleNoRedemptionYear01
148
Expense Example, No Redemption, 3 Years
rr_ExpenseExampleNoRedemptionYear03
459
Expense Example, No Redemption, 5 Years
rr_ExpenseExampleNoRedemptionYear05
792
Expense Example, No Redemption, 10 Years
rr_ExpenseExampleNoRedemptionYear10
$ 1,735
1 Year
rr_AverageAnnualReturnYear01
0.20%
5 Years
rr_AverageAnnualReturnYear05
1.51%
Since Inception
rr_AverageAnnualReturnSinceInception
1.48%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 300 Fund | Class M
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
0.75%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.45%
[8]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.30%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.75%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 151
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
313
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
489
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 998
1 Year
rr_AverageAnnualReturnYear01
1.22%
5 Years
rr_AverageAnnualReturnYear05
2.08%
Since Inception
rr_AverageAnnualReturnSinceInception
2.08%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 300 Fund | Class P
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.45%
[8]
Total annual fund operating expenses
rr_ExpensesOverAssets
0.45%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 46
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
144
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
252
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 567
1 Year
rr_AverageAnnualReturnYear01
2.32%
[6]
5 Years
rr_AverageAnnualReturnYear05
2.55%
[6]
Since Inception
rr_AverageAnnualReturnSinceInception
2.50%
[6]
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 300 Fund | Class R
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.45%
[8]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.50%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.95%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 97
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
303
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
525
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 1,166
1 Year
rr_AverageAnnualReturnYear01
1.75%
5 Years
rr_AverageAnnualReturnYear05
2.04%
Since Inception
rr_AverageAnnualReturnSinceInception
1.99%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 300 Fund | Class R6
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.45%
[8]
Total annual fund operating expenses
rr_ExpensesOverAssets
0.45%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 46
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
144
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
252
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 567
1 Year
rr_AverageAnnualReturnYear01
2.23%
[6]
5 Years
rr_AverageAnnualReturnYear05
2.56%
[6]
Since Inception
rr_AverageAnnualReturnSinceInception
2.51%
[6]
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 300 Fund | Class T
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
2.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.45%
[8]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.70%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 320
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
468
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
630
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 1,099
1 Year
rr_AverageAnnualReturnYear01
(0.54%)
[7]
5 Years
rr_AverageAnnualReturnYear05
1.77%
[7]
Since Inception
rr_AverageAnnualReturnSinceInception
1.93%
[7]
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 300 Fund | Class Y
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.45%
[8]
Total annual fund operating expenses
rr_ExpensesOverAssets
0.45%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 46
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
144
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
252
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 567
1 Year
rr_AverageAnnualReturnYear01
2.23%
5 Years
rr_AverageAnnualReturnYear05
2.53%
Since Inception
rr_AverageAnnualReturnSinceInception
2.49%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 300 Fund | after taxes on distributions | Class A
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
(0.32%)
5 Years
rr_AverageAnnualReturnYear05
0.66%
Since Inception
rr_AverageAnnualReturnSinceInception
1.00%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 300 Fund | after taxes on distributions and sale of fund shares | Class A
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
0.56%
5 Years
rr_AverageAnnualReturnYear05
0.96%
Since Inception
rr_AverageAnnualReturnSinceInception
1.16%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 300 Fund | BofA Merrill Lynch U.S. Treasury Bill Index (no deduction for fees, expenses or taxes)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
0.37%
5 Years
rr_AverageAnnualReturnYear05
0.14%
Since Inception
rr_AverageAnnualReturnSinceInception
0.17%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 300 Fund | BofA Merrill Lynch U.S. Treasury Bill Index plus 300 basis points (no deduction for fees, expenses or taxes)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
3.37%
5 Years
rr_AverageAnnualReturnYear05
3.14%
Since Inception
rr_AverageAnnualReturnSinceInception
3.17%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 300 Fund | S&P 500 Index (no deduction for fees, expenses or taxes)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
11.96%
5 Years
rr_AverageAnnualReturnYear05
14.66%
Since Inception
rr_AverageAnnualReturnSinceInception
15.08%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 300 Fund | Bloomberg Barclays U.S. Aggregate Bond Index (no deduction for fees, expenses or taxes)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
2.65%
5 Years
rr_AverageAnnualReturnYear05
2.23%
Since Inception
rr_AverageAnnualReturnSinceInception
3.93%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 500 Fund
Risk Return Abstract
rr_RiskReturnAbstract
Risk/Return [Heading]
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Fund Summary
Objective [Heading]
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Goal
Objective, Primary [Text Block]
rr_ObjectivePrimaryTextBlock
Putnam Absolute Return 500 Fund seeks to earn a positive total return that exceeds the return on U.S. Treasury bills by 500 basis points
(or 5.00%) on an annualized basis over a reasonable period of time (generally at least three years or more) regardless of market
conditions.
Expense [Heading]
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Fees and expenses
Expense Narrative [Text Block]
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The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these
and other discounts is available from your financial advisor and in How do I buy fund shares?
beginning on page 40 of the fund’s prospectus, in the Appendix to the fund’s prospectus, and in How
to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI).
Shareholder Fees Caption [Text]
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Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text]
rr_OperatingExpensesCaption
Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading]
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Portfolio turnover
Portfolio Turnover [Text Block]
rr_PortfolioTurnoverTextBlock
The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).
A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the
fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the
above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 522%.
Portfolio Turnover, Rate
rr_PortfolioTurnoverRate
522.00%
Expense Breakpoint Discounts [Text]
rr_ExpenseBreakpointDiscounts
You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these
and other discounts is available from your financial advisor and in How do I buy fund shares?
beginning on page 40 of the fund’s prospectus, in the Appendix to the fund’s prospectus, and in How
to buy shares beginning on page II-1 of the fund’s statement of additional information (SAI).
Expense Breakpoint, Minimum Investment Required [Amount]
rr_ExpenseBreakpointMinimumInvestmentRequiredAmount
$ 50,000
Expense Example [Heading]
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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.
Strategy [Heading]
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Investments
Strategy Narrative [Text Block]
rr_StrategyNarrativeTextBlock
The fund is designed to pursue a consistent absolute return by combining two independent investment strategies — a beta
strategy, which provides broad exposure to investment markets, and an alpha strategy,
which seeks returns from active trading. The beta strategy seeks to balance risk
and to provide positive total return by investing, without limit, in many different asset classes, including U.S., international,
and emerging markets equity securities (growth or value stocks or both) and fixed-income securities; mortgage- and asset-backed
securities; below-investment-grade securities (sometimes referred to as “junk bonds”); inflation-protected securities;
commodities; and real estate investment trusts (REITs). The alpha strategy involves
the potential use of active trading strategies designed to provide additional total return through active security selection, tactical
asset allocation, currency transactions and options transactions. In pursuing a consistent absolute return, the fund’s strategies
are also generally intended to produce lower volatility over a reasonable period of time than has been historically associated
with traditional asset classes that have earned similar levels of return over long historical periods. These traditional asset
classes might include, for example, balanced portfolios with significant exposure to both stocks and bonds.
We may consider, among other factors, a company’s valuation, financial strength, growth potential, competitive position in its
industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments, and, among
other factors, credit, interest rate and prepayment risks when deciding whether to buy or sell fixed-income investments. We may
also take into account general market conditions when making investment decisions. We typically use derivatives, such as futures,
options, certain foreign currency transactions, warrants and swap contracts, to a significant extent for hedging purposes and to
increase the fund’s exposure to the asset classes and strategies mentioned above, which may create investment leverage.
Putnam Absolute Return 500 Fund has a lower risk and return profile than Putnam Absolute Return 700 Fund as a result of decreased exposure
to the asset classes and strategies mentioned above.
Risk [Heading]
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Risks
Risk Narrative [Text Block]
rr_RiskNarrativeTextBlock
It is important to understand that you can lose money by investing in the fund.
Our allocation of assets among asset classes may hurt performance. The value of stocks and bonds in the fund’s portfolio may fall or fail
to rise over extended periods of time for a variety of reasons, including general financial market conditions, changing market
perceptions (including perceptions about the risk of default and expectations about monetary policy or interest rates), changes
in government intervention in the financial markets, and factors related to a specific issuer or industry. These and other factors
may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Growth stocks may be more susceptible
to earnings disappointments, and value stocks may fail to rebound.
Bond investments are subject to interest rate risk, which means the value of the fund’s bond investments is likely to fall if interest rates
rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of
interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for
below-investment-grade bonds which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments,
are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline
and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments,
including mortgage- and asset-backed investments, in other investments with less attractive terms and yields.
The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International
investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or
governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels
of inflation or deflation), and may be or become illiquid. Our alpha strategy may lose money or not earn a return sufficient
to cover associated trading and other costs. Our use of leverage obtained through derivatives increases these risks by increasing
investment exposure. Derivatives also involve the risk, in the case of many over-the-counter instruments, of the potential inability
to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.
The fund may not achieve its goal, and it is not intended to be a complete investment program. The fund’s efforts to produce lower volatility
returns may not be successful and may make it more difficult at times for the fund to achieve its targeted return. In addition,
under certain market conditions, the fund may accept greater volatility than would typically be the case, in order to seek its
targeted return. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other
government agency.
Investor profile
The fund is one of four Putnam Absolute Return Funds designed for investors seeking positive total return in excess of the return on U.S. Treasury
bills by a targeted amount (100, 300, 500 or 700 basis points) on an annualized basis over a reasonable period of time (a full
market cycle, which is generally at least three years but may potentially be significantly longer) regardless of market conditions.
Because the fund seeks performance over a reasonable period of time, investors should be willing to wait out short-term market
fluctuations and should generally have an investment horizon of at least three years or more. The fund may be suitable for you
if you are considering a balanced fund, or a fund that can manage allocations and risk across global asset classes.
Risk Lose Money [Text]
rr_RiskLoseMoney
It is important to understand that you can lose money by investing in the fund.
Risk Not Insured Depository Institution [Text]
rr_RiskNotInsuredDepositoryInstitution
An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading]
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Performance
Performance Narrative [Text Block]
rr_PerformanceNarrativeTextBlock
The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's
performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would
be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures
for the fund are available at putnam.com.
Performance Information Illustrates Variability of Returns [Text]
rr_PerformanceInformationIllustratesVariabilityOfReturns
The performance information below gives some indication of the risks associated with an investment in the fund by showing the funds performance year to year and over time.
Performance Availability Website Address [Text]
rr_PerformanceAvailabilityWebSiteAddress
putnam.com
Performance Past Does Not Indicate Future [Text]
rr_PerformancePastDoesNotIndicateFuture
Please remember that past performance is not necessarily an indication of future results.
Bar Chart [Heading]
rr_BarChartHeading
Annual total returns for class A shares before sales charges
Bar Chart Does Not Reflect Sales Loads [Text]
rr_BarChartDoesNotReflectSalesLoads
The bar chart does not reflect the impact of sales charges. If it did, performance would be lower.
Bar Chart Closing [Text Block]
rr_BarChartClosingTextBlock
Best calendar quarter
Q1
2012 5.31%
Worst calendar quarter
Q3 2011 -4.83%
Highest Quarterly Return, Label
rr_HighestQuarterlyReturnLabel
Best calendar quarter
Highest Quarterly Return, Date
rr_BarChartHighestQuarterlyReturnDate
Mar. 31, 2012
Highest Quarterly Return
rr_BarChartHighestQuarterlyReturn
5.31%
Lowest Quarterly Return, Label
rr_LowestQuarterlyReturnLabel
Worst calendar quarter
Lowest Quarterly Return, Date
rr_BarChartLowestQuarterlyReturnDate
Sep. 30, 2011
Lowest Quarterly Return
rr_BarChartLowestQuarterlyReturn
(4.83%)
Performance Table Heading
rr_PerformanceTableHeading
Average annual total returns after sales charges (for periods ending 12/31/16)
Performance Table Uses Highest Federal Rate
rr_PerformanceTableUsesHighestFederalRate
After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.
Performance Table Not Relevant to Tax Deferred
rr_PerformanceTableNotRelevantToTaxDeferred
Actual after-tax returns depend on an investor's tax situation and may differ from those shown.
Performance Table One Class of after Tax Shown [Text]
rr_PerformanceTableOneClassOfAfterTaxShown
After-tax returns are shown for class A shares only and will vary for other classes.
Performance Table Closing [Text Block]
rr_PerformanceTableClosingTextBlock
After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax
returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares
only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan,
an IRA, or another tax-advantaged arrangement.
Class B share performance reflects conversion to class A shares after eight years.
The Bloomberg Barclays U.S. Aggregate Bond Index and the S&P 500 Index are broad measures of market performance. Securities in the fund do
not match those in the indexes and the performance of the fund will differ.
Putnam Absolute Return 500 Fund | Class A
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
5.75%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
1.00%
[1]
Management fees
rr_ManagementFeesOverAssets
0.62%
[9]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
Other expenses
rr_OtherExpensesOverAssets
0.21%
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.02%
Total annual fund operating expenses
rr_ExpensesOverAssets
1.10%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.03%)
[10]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
1.07%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 678
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
902
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
1,144
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 1,836
Annual Return 2009
rr_AnnualReturn2009
9.92%
Annual Return 2010
rr_AnnualReturn2010
2.68%
Annual Return 2011
rr_AnnualReturn2011
0.61%
Annual Return 2012
rr_AnnualReturn2012
6.92%
Annual Return 2013
rr_AnnualReturn2013
4.32%
Annual Return 2014
rr_AnnualReturn2014
4.11%
Annual Return 2015
rr_AnnualReturn2015
(0.57%)
Annual Return 2016
rr_AnnualReturn2016
1.12%
1 Year
rr_AverageAnnualReturnYear01
(4.69%)
5 Years
rr_AverageAnnualReturnYear05
1.93%
Since Inception
rr_AverageAnnualReturnSinceInception
2.82%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 500 Fund | Class B
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
5.00%
[11]
Management fees
rr_ManagementFeesOverAssets
0.62%
[9]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
1.00%
Other expenses
rr_OtherExpensesOverAssets
0.21%
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.02%
Total annual fund operating expenses
rr_ExpensesOverAssets
1.85%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.03%)
[10]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
1.82%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 685
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
879
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
1,198
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
1,970
Expense Example, No Redemption, 1 Year
rr_ExpenseExampleNoRedemptionYear01
185
Expense Example, No Redemption, 3 Years
rr_ExpenseExampleNoRedemptionYear03
579
Expense Example, No Redemption, 5 Years
rr_ExpenseExampleNoRedemptionYear05
998
Expense Example, No Redemption, 10 Years
rr_ExpenseExampleNoRedemptionYear10
$ 1,970
1 Year
rr_AverageAnnualReturnYear01
(4.62%)
5 Years
rr_AverageAnnualReturnYear05
2.01%
Since Inception
rr_AverageAnnualReturnSinceInception
2.80%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 500 Fund | Class C
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
1.00%
[4]
Management fees
rr_ManagementFeesOverAssets
0.62%
[9]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
1.00%
Other expenses
rr_OtherExpensesOverAssets
0.21%
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.02%
Total annual fund operating expenses
rr_ExpensesOverAssets
1.85%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.03%)
[10]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
1.82%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 285
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
579
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
998
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
2,167
Expense Example, No Redemption, 1 Year
rr_ExpenseExampleNoRedemptionYear01
185
Expense Example, No Redemption, 3 Years
rr_ExpenseExampleNoRedemptionYear03
579
Expense Example, No Redemption, 5 Years
rr_ExpenseExampleNoRedemptionYear05
998
Expense Example, No Redemption, 10 Years
rr_ExpenseExampleNoRedemptionYear10
$ 2,167
1 Year
rr_AverageAnnualReturnYear01
(0.72%)
5 Years
rr_AverageAnnualReturnYear05
2.36%
Since Inception
rr_AverageAnnualReturnSinceInception
2.80%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 500 Fund | Class M
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
3.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.62%
[9]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.75%
Other expenses
rr_OtherExpensesOverAssets
0.21%
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.02%
Total annual fund operating expenses
rr_ExpensesOverAssets
1.60%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.03%)
[10]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
1.57%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 504
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
834
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
1,188
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 2,181
1 Year
rr_AverageAnnualReturnYear01
(2.86%)
5 Years
rr_AverageAnnualReturnYear05
1.90%
Since Inception
rr_AverageAnnualReturnSinceInception
2.61%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 500 Fund | Class P
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.62%
[9]
Other expenses
rr_OtherExpensesOverAssets
0.09%
[12]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.02%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.73%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.03%)
[10]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
0.70%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 72
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
230
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
403
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 904
1 Year
rr_AverageAnnualReturnYear01
1.50%
[6]
5 Years
rr_AverageAnnualReturnYear05
3.42%
[6]
Since Inception
rr_AverageAnnualReturnSinceInception
3.85%
[6]
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 500 Fund | Class R
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.62%
[9]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.50%
Other expenses
rr_OtherExpensesOverAssets
0.21%
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.02%
Total annual fund operating expenses
rr_ExpensesOverAssets
1.35%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.03%)
[10]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
1.32%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 134
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
425
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
736
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 1,621
1 Year
rr_AverageAnnualReturnYear01
0.82%
5 Years
rr_AverageAnnualReturnYear05
2.88%
Since Inception
rr_AverageAnnualReturnSinceInception
3.31%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 500 Fund | Class R6
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.62%
[9]
Other expenses
rr_OtherExpensesOverAssets
0.13%
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.02%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.77%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.03%)
[10]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
0.74%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 76
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
243
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
425
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 951
1 Year
rr_AverageAnnualReturnYear01
1.40%
[6]
5 Years
rr_AverageAnnualReturnYear05
3.46%
[6]
Since Inception
rr_AverageAnnualReturnSinceInception
3.88%
[6]
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 500 Fund | Class T
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
2.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.62%
[9]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
Other expenses
rr_OtherExpensesOverAssets
0.21%
[12]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.02%
Total annual fund operating expenses
rr_ExpensesOverAssets
1.10%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.03%)
[10],[12]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
1.07%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 356
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
588
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
838
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 1,554
1 Year
rr_AverageAnnualReturnYear01
(1.40%)
[7]
5 Years
rr_AverageAnnualReturnYear05
2.63%
[7]
Since Inception
rr_AverageAnnualReturnSinceInception
3.25%
[7]
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 500 Fund | Class Y
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.62%
[9]
Other expenses
rr_OtherExpensesOverAssets
0.21%
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.02%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.85%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.03%)
[10]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
0.82%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 84
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
268
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
468
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 1,046
1 Year
rr_AverageAnnualReturnYear01
1.40%
5 Years
rr_AverageAnnualReturnYear05
3.40%
Since Inception
rr_AverageAnnualReturnSinceInception
3.84%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 500 Fund | after taxes on distributions | Class A
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
(4.69%)
5 Years
rr_AverageAnnualReturnYear05
1.11%
Since Inception
rr_AverageAnnualReturnSinceInception
2.00%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 500 Fund | after taxes on distributions and sale of fund shares | Class A
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
(2.65%)
5 Years
rr_AverageAnnualReturnYear05
1.29%
Since Inception
rr_AverageAnnualReturnSinceInception
1.96%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 500 Fund | BofA Merrill Lynch U.S. Treasury Bill Index (no deduction for fees, expenses or taxes)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
0.37%
5 Years
rr_AverageAnnualReturnYear05
0.14%
Since Inception
rr_AverageAnnualReturnSinceInception
0.17%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 500 Fund | BofA Merrill Lynch U.S. Treasury Bill Index plus 500 basis points (no deduction for fees, expenses or taxes)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
5.37%
5 Years
rr_AverageAnnualReturnYear05
5.14%
Since Inception
rr_AverageAnnualReturnSinceInception
5.17%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 500 Fund | S&P 500 Index (no deduction for fees, expenses or taxes)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
11.96%
5 Years
rr_AverageAnnualReturnYear05
14.66%
Since Inception
rr_AverageAnnualReturnSinceInception
15.08%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 500 Fund | Bloomberg Barclays U.S. Aggregate Bond Index (no deduction for fees, expenses or taxes)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
2.65%
5 Years
rr_AverageAnnualReturnYear05
2.23%
Since Inception
rr_AverageAnnualReturnSinceInception
3.93%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 700 Fund
Risk Return Abstract
rr_RiskReturnAbstract
Risk/Return [Heading]
rr_RiskReturnHeading
Fund Summary
Objective [Heading]
rr_ObjectiveHeading
Goal
Objective, Primary [Text Block]
rr_ObjectivePrimaryTextBlock
Putnam Absolute Return 700 Fund seeks to earn a positive total return that exceeds the return on U.S. Treasury bills by 700 basis points
(or 7.00%) on an annualized basis over a reasonable period of time (generally at least three years or more) regardless of market
conditions.
Expense [Heading]
rr_ExpenseHeading
Fees and expenses
Expense Narrative [Text Block]
rr_ExpenseNarrativeTextBlock
The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these
and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 40 of the
fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1
of the fund’s statement of additional information (SAI).
Shareholder Fees Caption [Text]
rr_ShareholderFeesCaption
Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text]
rr_OperatingExpensesCaption
Annual fund operating expenses (expenses you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading]
rr_PortfolioTurnoverHeading
Portfolio turnover
Portfolio Turnover [Text Block]
rr_PortfolioTurnoverTextBlock
The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).
A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the
fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the
above example, affect fund performance. The fund’s turnover rate in the most recent fiscal year was 578%.
Portfolio Turnover, Rate
rr_PortfolioTurnoverRate
578.00%
Expense Breakpoint Discounts [Text]
rr_ExpenseBreakpointDiscounts
You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these
and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 40 of the
fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1
of the fund’s statement of additional information (SAI).
Expense Breakpoint, Minimum Investment Required [Amount]
rr_ExpenseBreakpointMinimumInvestmentRequiredAmount
$ 50,000
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.
Strategy [Heading]
rr_StrategyHeading
Investments
Strategy Narrative [Text Block]
rr_StrategyNarrativeTextBlock
The fund is designed to pursue a consistent absolute return by combining two independent investment strategies — a beta
strategy, which provides broad exposure to investment markets, and an alpha strategy,
which seeks returns from active trading. The beta strategy seeks to balance risk
and to provide positive total return by investing, without limit, in many different asset classes, including U.S., international,
and emerging markets equity securities (growth or value stocks or both) and fixed-income securities; mortgage- and asset-backed
securities; below-investment-grade securities (sometimes referred to as “junk bonds”); inflation-protected securities;
commodities; and real estate investment trusts (REITs). The alpha strategy involves
the potential use of active trading strategies designed to provide additional total return through active security selection, tactical
asset allocation, currency transactions and options transactions. In pursuing a consistent absolute return, the fund’s strategies
are also generally intended to produce lower volatility over a reasonable period of time than has been historically associated
with traditional asset classes that have earned similar levels of return over long historical periods. These traditional asset
classes might include, for example, equities or equity-like investments.
We may consider, among other factors, a company’s valuation, financial strength, growth potential, competitive position in its
industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell equity investments, and, among
other factors, credit, interest rate and prepayment risks when deciding whether to buy or sell fixed-income investments. We may
also take into account general market conditions when making investment decisions. We typically use derivatives, such as futures,
options, certain foreign currency transactions, warrants and swap contracts, to a significant extent for hedging purposes and to
increase the fund’s exposure to the asset classes and strategies mentioned above, which may create investment leverage.
Putnam Absolute Return 700 Fund has a higher risk and return profile than Putnam Absolute Return 500 Fund as a result of increased exposure
to the asset classes and strategies mentioned above.
Risk [Heading]
rr_RiskHeading
Risks
Risk Narrative [Text Block]
rr_RiskNarrativeTextBlock
It is important to understand that you can lose money by investing in the fund.
Our allocation of assets among asset classes may hurt performance. The value of stocks and bonds in the fund’s portfolio may fall or fail
to rise over extended periods of time for a variety of reasons, including general financial market conditions, changing market
perceptions (including perceptions about the risk of default and expectations about monetary policy or interest rates), changes
in government intervention in the financial markets, and factors related to a specific issuer or industry. These and other factors
may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. Growth stocks may be more susceptible
to earnings disappointments, and value stocks may fail to rebound.
Bond investments are subject to interest rate risk, which means the value of the fund’s bond investments is likely to fall if interest rates
rise. Bond investments also are subject to credit risk, which is the risk that the issuer of the bond may default on payment of
interest or principal. Interest rate risk is generally greater for longer-term bonds, and credit risk is generally greater for
below-investment-grade bonds, which may be considered speculative. Mortgage-backed investments, unlike traditional debt investments,
are also subject to prepayment risk, which means that they may increase in value less than other bonds when interest rates decline
and decline in value more than other bonds when interest rates rise. We may have to invest the proceeds from prepaid investments,
including mortgage- and asset-backed investments, in other investments with less attractive terms and yields.
The value of international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International
investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or
governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels
of inflation or deflation), and may be or become illiquid. Our alpha strategy may lose money or not earn a return sufficient
to cover associated trading and other costs. Our use of leverage obtained through derivatives increases these risks by increasing
investment exposure. Derivatives also involve the risk, in the case of many over-the-counter instruments, of the potential inability
to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.
The fund may not achieve its goal, and it is not intended to be a complete investment program. The fund’s efforts to produce lower volatility
returns may not be successful and may make it more difficult at times for the fund to achieve its targeted return. In addition,
under certain market conditions, the fund may accept greater volatility than would typically be the case, in order to seek its
targeted return. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other
government agency.
Investor profile
The fund is
one of four Putnam Absolute Return Funds designed for investors seeking positive total return in excess of the return on U.S. Treasury
bills by a targeted amount (100, 300, 500 or 700 basis points) on an annualized basis over a reasonable period of time (a full
market cycle, which is generally at least three years but may potentially be significantly longer) regardless of market conditions.
Because the fund seeks performance over a reasonable period of time, investors should be willing to wait out short-term market
fluctuations and should generally have an investment horizon of at least three years or more. The fund may be suitable for you
if you are considering a stock fund, or a fund that can manage allocations and risk across global asset classes.
Risk Lose Money [Text]
rr_RiskLoseMoney
It is important to understand that you can lose money by investing in the fund.
Risk Not Insured Depository Institution [Text]
rr_RiskNotInsuredDepositoryInstitution
An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading]
rr_BarChartAndPerformanceTableHeading
Performance
Performance Narrative [Text Block]
rr_PerformanceNarrativeTextBlock
The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's
performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would
be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures
for the fund are available at putnam.com.
Performance Information Illustrates Variability of Returns [Text]
rr_PerformanceInformationIllustratesVariabilityOfReturns
The performance information below gives some indication of the risks associated with an investment in the fund by showing the funds performance year to year and over time.
Performance Availability Website Address [Text]
rr_PerformanceAvailabilityWebSiteAddress
putnam.com
Performance Past Does Not Indicate Future [Text]
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Please remember that past performance is not necessarily an indication of future results.
Bar Chart [Heading]
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Annual total returns for class A shares before sales charges
Bar Chart Does Not Reflect Sales Loads [Text]
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The bar chart does not reflect the impact of sales charges. If it did, performance would be lower.
Bar Chart Closing [Text Block]
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Best calendar quarter
Q1
2012 6.07%
Worst calendar quarter
Q3 2011 -5.81%
Highest Quarterly Return, Label
rr_HighestQuarterlyReturnLabel
Best calendar quarter
Highest Quarterly Return, Date
rr_BarChartHighestQuarterlyReturnDate
Mar. 31, 2012
Highest Quarterly Return
rr_BarChartHighestQuarterlyReturn
6.07%
Lowest Quarterly Return, Label
rr_LowestQuarterlyReturnLabel
Worst calendar quarter
Lowest Quarterly Return, Date
rr_BarChartLowestQuarterlyReturnDate
Sep. 30, 2011
Lowest Quarterly Return
rr_BarChartLowestQuarterlyReturn
(5.81%)
Performance Table Heading
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Average annual total returns after sales charges (for periods ending 12/31/16)
Performance Table Uses Highest Federal Rate
rr_PerformanceTableUsesHighestFederalRate
After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.
Performance Table Not Relevant to Tax Deferred
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Actual after-tax returns depend on an investor's tax situation and may differ from those shown.
Performance Table One Class of after Tax Shown [Text]
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After-tax returns are shown for class A shares only and will vary for other classes.
Performance Table Closing [Text Block]
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After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual after-tax
returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are shown for class A shares
only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through a 401(k) plan,
an IRA, or another tax-advantaged arrangement.
Class B share performance reflects conversion to class A shares after eight years.
The Bloomberg Barclays U.S. Aggregate Bond Index and the S&P 500 Index are broad measures of market performance. Securities in the fund do
not match those in the indexes and the performance of the fund will differ.
Putnam Absolute Return 700 Fund | Class A
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
5.75%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
1.00%
[1]
Management fees
rr_ManagementFeesOverAssets
0.72%
[13]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
Other expenses
rr_OtherExpensesOverAssets
0.23%
[14]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.01%
Total annual fund operating expenses
rr_ExpensesOverAssets
1.21%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 691
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
937
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
1,202
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 1,957
Annual Return 2009
rr_AnnualReturn2009
14.42%
Annual Return 2010
rr_AnnualReturn2010
3.54%
Annual Return 2011
rr_AnnualReturn2011
0.51%
Annual Return 2012
rr_AnnualReturn2012
7.75%
Annual Return 2013
rr_AnnualReturn2013
5.91%
Annual Return 2014
rr_AnnualReturn2014
5.95%
Annual Return 2015
rr_AnnualReturn2015
(1.65%)
Annual Return 2016
rr_AnnualReturn2016
2.71%
1 Year
rr_AverageAnnualReturnYear01
(3.20%)
5 Years
rr_AverageAnnualReturnYear05
2.85%
Since Inception
rr_AverageAnnualReturnSinceInception
4.01%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 700 Fund | Class B
Risk Return Abstract
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Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
5.00%
[11]
Management fees
rr_ManagementFeesOverAssets
0.72%
[13]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
1.00%
Other expenses
rr_OtherExpensesOverAssets
0.23%
[14]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.01%
Total annual fund operating expenses
rr_ExpensesOverAssets
1.96%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 699
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
915
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
1,257
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
2,091
Expense Example, No Redemption, 1 Year
rr_ExpenseExampleNoRedemptionYear01
199
Expense Example, No Redemption, 3 Years
rr_ExpenseExampleNoRedemptionYear03
615
Expense Example, No Redemption, 5 Years
rr_ExpenseExampleNoRedemptionYear05
1,057
Expense Example, No Redemption, 10 Years
rr_ExpenseExampleNoRedemptionYear10
$ 2,091
1 Year
rr_AverageAnnualReturnYear01
(2.98%)
5 Years
rr_AverageAnnualReturnYear05
2.95%
Since Inception
rr_AverageAnnualReturnSinceInception
3.98%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 700 Fund | Class C
Risk Return Abstract
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Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
1.00%
[4]
Management fees
rr_ManagementFeesOverAssets
0.72%
[13]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
1.00%
Other expenses
rr_OtherExpensesOverAssets
0.23%
[14]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.01%
Total annual fund operating expenses
rr_ExpensesOverAssets
1.96%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 299
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
615
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
1,057
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
2,285
Expense Example, No Redemption, 1 Year
rr_ExpenseExampleNoRedemptionYear01
199
Expense Example, No Redemption, 3 Years
rr_ExpenseExampleNoRedemptionYear03
615
Expense Example, No Redemption, 5 Years
rr_ExpenseExampleNoRedemptionYear05
1,057
Expense Example, No Redemption, 10 Years
rr_ExpenseExampleNoRedemptionYear10
$ 2,285
1 Year
rr_AverageAnnualReturnYear01
0.93%
5 Years
rr_AverageAnnualReturnYear05
3.29%
Since Inception
rr_AverageAnnualReturnSinceInception
4.00%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 700 Fund | Class M
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
3.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.72%
[13]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.75%
Other expenses
rr_OtherExpensesOverAssets
0.23%
[14]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.01%
Total annual fund operating expenses
rr_ExpensesOverAssets
1.71%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 518
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
870
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
1,246
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 2,299
1 Year
rr_AverageAnnualReturnYear01
(1.29%)
5 Years
rr_AverageAnnualReturnYear05
2.83%
Since Inception
rr_AverageAnnualReturnSinceInception
3.76%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 700 Fund | Class P
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.72%
[13]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
none
Other expenses
rr_OtherExpensesOverAssets
0.09%
[12]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.01%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.82%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 84
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
262
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
455
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 1,014
1 Year
rr_AverageAnnualReturnYear01
3.07%
[6]
5 Years
rr_AverageAnnualReturnYear05
4.35%
[6]
Since Inception
rr_AverageAnnualReturnSinceInception
5.03%
[6]
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 700 Fund | Class R
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.72%
[13]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.50%
Other expenses
rr_OtherExpensesOverAssets
0.23%
[14]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.01%
Total annual fund operating expenses
rr_ExpensesOverAssets
1.46%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 149
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
462
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
797
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 1,746
1 Year
rr_AverageAnnualReturnYear01
2.55%
5 Years
rr_AverageAnnualReturnYear05
3.84%
Since Inception
rr_AverageAnnualReturnSinceInception
4.49%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 700 Fund | Class R6
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.72%
[13]
Other expenses
rr_OtherExpensesOverAssets
0.13%
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.01%
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
1 Year
rr_AverageAnnualReturnYear01
3.15%
[6]
5 Years
rr_AverageAnnualReturnYear05
4.43%
[6]
Since Inception
rr_AverageAnnualReturnSinceInception
5.08%
[6]
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 700 Fund | Class T
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
2.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.72%
[13]
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
Other expenses
rr_OtherExpensesOverAssets
0.23%
[12]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.01%
Total annual fund operating expenses
rr_ExpensesOverAssets
1.21%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 370
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
624
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
898
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 1,679
1 Year
rr_AverageAnnualReturnYear01
0.14%
[7]
5 Years
rr_AverageAnnualReturnYear05
3.55%
[7]
Since Inception
rr_AverageAnnualReturnSinceInception
4.45%
[7]
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 700 Fund | Class Y
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
0.72%
[13]
Other expenses
rr_OtherExpensesOverAssets
0.23%
[14]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
0.01%
Total annual fund operating expenses
rr_ExpensesOverAssets
0.96%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 98
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
306
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
531
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 1,178
1 Year
rr_AverageAnnualReturnYear01
2.98%
5 Years
rr_AverageAnnualReturnYear05
4.33%
Since Inception
rr_AverageAnnualReturnSinceInception
5.02%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 700 Fund | after taxes on distributions | Class A
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
(3.20%)
5 Years
rr_AverageAnnualReturnYear05
1.84%
Since Inception
rr_AverageAnnualReturnSinceInception
2.99%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 700 Fund | after taxes on distributions and sale of fund shares | Class A
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
(1.81%)
5 Years
rr_AverageAnnualReturnYear05
1.90%
Since Inception
rr_AverageAnnualReturnSinceInception
2.81%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 700 Fund | BofA Merrill Lynch U.S. Treasury Bill Index (no deduction for fees, expenses or taxes)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
0.37%
5 Years
rr_AverageAnnualReturnYear05
0.14%
Since Inception
rr_AverageAnnualReturnSinceInception
0.17%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 700 Fund | BofA Merrill Lynch U.S. Treasury Bill Index plus 700 basis points (no deduction for fees, expenses or taxes)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
7.37%
5 Years
rr_AverageAnnualReturnYear05
7.14%
Since Inception
rr_AverageAnnualReturnSinceInception
7.17%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 700 Fund | S&P 500 Index (no deduction for fees, expenses or taxes)
Risk Return Abstract
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1 Year
rr_AverageAnnualReturnYear01
11.96%
5 Years
rr_AverageAnnualReturnYear05
14.66%
Since Inception
rr_AverageAnnualReturnSinceInception
15.08%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Absolute Return 700 Fund | Bloomberg Barclays U.S. Aggregate Bond Index (no deduction for fees, expenses or taxes)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
2.65%
5 Years
rr_AverageAnnualReturnYear05
2.23%
Since Inception
rr_AverageAnnualReturnSinceInception
3.93%
Inception Date
rr_AverageAnnualReturnInceptionDate
Dec. 23, 2008
Putnam Global Sector Fund
Risk Return Abstract
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Risk/Return [Heading]
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Fund summary
Objective [Heading]
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Goal
Objective, Primary [Text Block]
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Putnam Global Sector Fund seeks capital appreciation.
Expense [Heading]
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Fees and expenses
Expense Narrative [Text Block]
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The following
table describes the fees and expenses you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these
and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 19 of the
fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1
of the fund’s statement of additional information (SAI).
Shareholder Fees Caption [Text]
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Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text]
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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
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February 28, 2018
Portfolio Turnover [Heading]
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Portfolio turnover
Portfolio Turnover [Text Block]
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The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).
A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held
in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund
performance. The fund’s turnover rate in the most recent fiscal year was 44%.
Portfolio Turnover, Rate
rr_PortfolioTurnoverRate
44.00%
Expense Breakpoint Discounts [Text]
rr_ExpenseBreakpointDiscounts
You may qualify for sales charge discounts
if you and your family invest, or agree to invest in the future, at least $50,000 in Putnam funds. More information about these
and other discounts is available from your financial advisor and in How do I buy fund shares? beginning on page 19 of the
fund’s prospectus, in the Appendix to the fund’s prospectus, and in How to buy shares beginning on page II-1
of the fund’s statement of additional information (SAI).
Expense Breakpoint, Minimum Investment Required [Amount]
rr_ExpenseBreakpointMinimumInvestmentRequiredAmount
$ 50,000
Expense Example [Heading]
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Example
Expense Example Narrative [Text Block]
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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.
Strategy [Heading]
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Investments
Strategy Narrative [Text Block]
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We allocate the fund’s assets among eight Putnam global sector funds to provide exposure to sectors of the global market in approximately
the same proportions as the sector weightings in the MSCI World Index. Each underlying fund is a non-diversified fund concentrating
in the market sector specified in its name, and each invests mainly in common stocks (growth or value stocks or both) of large
and midsize companies worldwide that we believe have favorable investment potential.
Global
Consumer Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net assets
in securities of companies in the consumer staples and consumer discretionary products and services industries. This policy may
be changed only after 60 days’ notice to shareholders.
Global
Financials Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net assets
in securities of companies in the financial services industries. This policy may be changed only after 60 days’ notice to
shareholders.
Global
Health Care Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net assets
in securities of companies in the health care industries. This policy may be changed only after 60 days’ notice to shareholders.
Global
Industrials Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net assets
in securities of companies in the industrial products, services or equipment industries. This policy may be changed only after
60 days’ notice to shareholders.
Global
Natural Resources Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net
assets in securities of companies in the energy or other natural resources industries. This policy may be changed only after 60
days’ notice to shareholders.
Global
Technology Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net assets
in securities of companies in the technology industries. This policy may be changed only after 60 days’ notice to shareholders.
Global
Telecommunications Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net
assets in securities of companies in the telecommunication industries. This policy may be changed only after 60 days’ notice
to shareholders.
Global
Utilities Fund — Under normal circumstances, we invest at least 80% of this underlying fund’s net assets
in securities of companies worldwide in the utilities industries. This policy may be changed only after 60 days’ notice to
shareholders.
Each underlying
fund may invest in emerging markets, use derivatives, such as futures, options, foreign currency transactions, warrants and swap
contracts, for both hedging and non-hedging purposes, and engage in short sales of securities.
We seek to
rebalance the fund’s allocations monthly to remain in alignment with the index. The following table shows the fund’s
approximate allocations to the underlying funds as of 12/31/16:
Underlying fund
Approximate allocation as of 12/31/16
Putnam Global Consumer Fund
21.99%
Putnam Global Financials Fund
21.24%
Putnam Global Technology Fund
14.51%
Putnam Global Health Care Fund
12.08%
Putnam Global Natural Resources Fund
12.06%
Putnam Global Industrials Fund
11.15%
Putnam Global Telecommunications Fund
3.36%
Putnam Global Utilities Fund
3.19%
We may also
invest in money market securities or affiliated money market or short-term fixed income funds for cash management.
Risk [Heading]
rr_RiskHeading
Risks
Risk Narrative [Text Block]
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It is important
to understand that you can lose money by investing in the fund.
Our allocation
of investments among the underlying funds may hurt performance. In addition, the fund’s performance is subject to the risks
that may affect the performance of the underlying funds, which are as follows. The value of stocks in an underlying fund’s
portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general financial market conditions,
changing market perceptions, changes in government intervention in the financial markets, and factors related to a specific company
or industry. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings.
Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. An underlying fund’s
policy of concentrating on a limited group of industries and an underlying fund’s “non-diversified” status, which
means the underlying fund may invest a greater percentage of its assets in fewer issuers than a “diversified” fund,
can increase the underlying fund’s vulnerability to adverse developments affecting a single issuer, which may result in greater
losses and volatility.
The value of
international investments traded in foreign currencies may be adversely impacted by fluctuations in exchange rates. International
investments, particularly investments in emerging markets, may carry risks associated with potentially less stable economies or
governments (such as the risk of seizure by a foreign government, the imposition of currency or other restrictions, or high levels
of inflation or deflation), and may be or become illiquid. An underlying fund’s use of derivatives may increase these risks
by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because
of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument
to meet its obligations. An underlying fund’s use of short selling may result in losses if the securities appreciate in value.
The fund may
not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed
by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text]
rr_RiskLoseMoney
It is important to understand that you can lose money by investing in the fund.
Risk Nondiversified Status [Text]
rr_RiskNondiversifiedStatus
Each underlying fund is a non-diversified fund concentrating
in the market sector specified in its name, and each invests mainly in common stocks (growth or value stocks or both) of large
and midsize companies worldwide that we believe have favorable investment potential.
Risk Not Insured Depository Institution [Text]
rr_RiskNotInsuredDepositoryInstitution
An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading]
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Performance
Performance Narrative [Text Block]
rr_PerformanceNarrativeTextBlock
The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund's
performance year to year and over time. The bar chart does not reflect the impact of sales charges. If it did, performance would
be lower. Please remember that past performance is not necessarily an indication of future results. Monthly performance figures
for the fund are available at putnam.com.
Performance Information Illustrates Variability of Returns [Text]
rr_PerformanceInformationIllustratesVariabilityOfReturns
The performance information below gives some indication of the risks associated with an investment in the fund by showing the funds performance year to year and over time.
Performance Availability Website Address [Text]
rr_PerformanceAvailabilityWebSiteAddress
putnam.com
Performance Past Does Not Indicate Future [Text]
rr_PerformancePastDoesNotIndicateFuture
Please remember that past performance is not necessarily an indication of future results.
Bar Chart [Heading]
rr_BarChartHeading
Annual total returns for class A shares before sales charges
Bar Chart Does Not Reflect Sales Loads [Text]
rr_BarChartDoesNotReflectSalesLoads
The bar chart does not reflect the impact of sales charges. If it did, performance would be lower.
Bar Chart Closing [Text Block]
rr_BarChartClosingTextBlock
Best calendar quarter
Q1
2012 13.67%
Worst calendar quarter
Q3 2011 -20.98%
Highest Quarterly Return, Label
rr_HighestQuarterlyReturnLabel
Best calendar quarter
Highest Quarterly Return, Date
rr_BarChartHighestQuarterlyReturnDate
Mar. 31, 2012
Highest Quarterly Return
rr_BarChartHighestQuarterlyReturn
13.67%
Lowest Quarterly Return, Label
rr_LowestQuarterlyReturnLabel
Worst calendar quarter
Lowest Quarterly Return, Date
rr_BarChartLowestQuarterlyReturnDate
Sep. 30, 2011
Lowest Quarterly Return
rr_BarChartLowestQuarterlyReturn
(20.98%)
Performance Table Heading
rr_PerformanceTableHeading
Average annual total returns after sales charges (for periods ending 12/31/16)
Performance Table Uses Highest Federal Rate
rr_PerformanceTableUsesHighestFederalRate
After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes.
Performance Table Not Relevant to Tax Deferred
rr_PerformanceTableNotRelevantToTaxDeferred
Actual after-tax returns depend on an investor's tax situation and may differ from those shown.
Performance Table One Class of after Tax Shown [Text]
rr_PerformanceTableOneClassOfAfterTaxShown
After-tax returns are shown for class A shares only and will vary for other classes.
Performance Table Closing [Text Block]
rr_PerformanceTableClosingTextBlock
After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. Actual
after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are shown for
class A shares only and will vary for other classes. These after-tax returns do not apply if you hold your fund shares through
a 401(k) plan, an IRA, or another tax-advantaged arrangement.
Putnam Global Sector Fund | Class A
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
5.75%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
1.00%
[1]
Management fees
rr_ManagementFeesOverAssets
none
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
Other expenses
rr_OtherExpensesOverAssets
1.60%
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
1.00%
Total annual fund operating expenses
rr_ExpensesOverAssets
2.85%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(1.60%)
[15]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
1.25%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 695
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
1,264
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
1,859
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 3,459
Annual Return 2011
rr_AnnualReturn2011
(9.80%)
Annual Return 2012
rr_AnnualReturn2012
17.95%
Annual Return 2013
rr_AnnualReturn2013
29.04%
Annual Return 2014
rr_AnnualReturn2014
3.17%
Annual Return 2015
rr_AnnualReturn2015
(0.23%)
Annual Return 2016
rr_AnnualReturn2016
5.52%
1 Year
rr_AverageAnnualReturnYear01
(0.55%)
5 Years
rr_AverageAnnualReturnYear05
9.27%
Since Inception
rr_AverageAnnualReturnSinceInception
6.61%
Inception Date
rr_AverageAnnualReturnInceptionDate
Mar. 31, 2010
Putnam Global Sector Fund | Class B
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
5.00%
[11]
Management fees
rr_ManagementFeesOverAssets
none
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
1.00%
Other expenses
rr_OtherExpensesOverAssets
1.60%
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
1.00%
Total annual fund operating expenses
rr_ExpensesOverAssets
3.60%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(1.60%)
[15]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
2.00%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 703
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
1,255
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
1,928
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
3,590
Expense Example, No Redemption, 1 Year
rr_ExpenseExampleNoRedemptionYear01
203
Expense Example, No Redemption, 3 Years
rr_ExpenseExampleNoRedemptionYear03
955
Expense Example, No Redemption, 5 Years
rr_ExpenseExampleNoRedemptionYear05
1,728
Expense Example, No Redemption, 10 Years
rr_ExpenseExampleNoRedemptionYear10
$ 3,590
1 Year
rr_AverageAnnualReturnYear01
(0.24%)
5 Years
rr_AverageAnnualReturnYear05
9.47%
Since Inception
rr_AverageAnnualReturnSinceInception
6.74%
Inception Date
rr_AverageAnnualReturnInceptionDate
Mar. 31, 2010
Putnam Global Sector Fund | Class C
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
1.00%
[4]
Management fees
rr_ManagementFeesOverAssets
none
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
1.00%
Other expenses
rr_OtherExpensesOverAssets
1.60%
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
1.00%
Total annual fund operating expenses
rr_ExpensesOverAssets
3.60%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(1.60%)
[15]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
2.00%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 303
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
955
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
1,728
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
3,758
Expense Example, No Redemption, 1 Year
rr_ExpenseExampleNoRedemptionYear01
203
Expense Example, No Redemption, 3 Years
rr_ExpenseExampleNoRedemptionYear03
955
Expense Example, No Redemption, 5 Years
rr_ExpenseExampleNoRedemptionYear05
1,728
Expense Example, No Redemption, 10 Years
rr_ExpenseExampleNoRedemptionYear10
$ 3,758
1 Year
rr_AverageAnnualReturnYear01
3.74%
5 Years
rr_AverageAnnualReturnYear05
9.74%
Since Inception
rr_AverageAnnualReturnSinceInception
6.74%
Inception Date
rr_AverageAnnualReturnInceptionDate
Mar. 31, 2010
Putnam Global Sector Fund | Class M
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
3.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
none
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.75%
Other expenses
rr_OtherExpensesOverAssets
1.60%
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
1.00%
Total annual fund operating expenses
rr_ExpensesOverAssets
3.35%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(1.60%)
[15]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
1.75%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 522
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
1,200
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
1,901
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 3,758
1 Year
rr_AverageAnnualReturnYear01
1.24%
5 Years
rr_AverageAnnualReturnYear05
9.22%
Since Inception
rr_AverageAnnualReturnSinceInception
6.44%
Inception Date
rr_AverageAnnualReturnInceptionDate
Mar. 31, 2010
Putnam Global Sector Fund | Class R
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
none
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.50%
Other expenses
rr_OtherExpensesOverAssets
1.60%
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
1.00%
Total annual fund operating expenses
rr_ExpensesOverAssets
3.10%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(1.60%)
[15]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
1.50%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 153
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
807
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
1,486
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 3,299
1 Year
rr_AverageAnnualReturnYear01
5.20%
5 Years
rr_AverageAnnualReturnYear05
10.29%
Since Inception
rr_AverageAnnualReturnSinceInception
7.28%
Inception Date
rr_AverageAnnualReturnInceptionDate
Mar. 31, 2010
Putnam Global Sector Fund | Class T
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
2.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
none
Distribution and service (12b-1) fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
Other expenses
rr_OtherExpensesOverAssets
1.60%
[5]
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
1.00%
Total annual fund operating expenses
rr_ExpensesOverAssets
2.85%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(1.60%)
[15]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
1.25%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 374
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
963
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
1,578
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 3,234
1 Year
rr_AverageAnnualReturnYear01
2.88%
[7]
5 Years
rr_AverageAnnualReturnYear05
10.02%
[7]
Since Inception
rr_AverageAnnualReturnSinceInception
7.15%
[7]
Inception Date
rr_AverageAnnualReturnInceptionDate
Mar. 31, 2010
Putnam Global Sector Fund | Class Y
Risk Return Abstract
rr_RiskReturnAbstract
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice
none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)
rr_MaximumDeferredSalesChargeOverOther
none
Management fees
rr_ManagementFeesOverAssets
none
Other expenses
rr_OtherExpensesOverAssets
1.60%
Acquired fund fees and expenses
rr_AcquiredFundFeesAndExpensesOverAssets
1.00%
Total annual fund operating expenses
rr_ExpensesOverAssets
2.60%
Expense reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(1.60%)
[15]
Total annual fund operating expenses after expense reimbursement
rr_NetExpensesOverAssets
1.00%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 102
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
656
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
1,237
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 2,815
1 Year
rr_AverageAnnualReturnYear01
5.74%
5 Years
rr_AverageAnnualReturnYear05
10.84%
Since Inception
rr_AverageAnnualReturnSinceInception
7.81%
Inception Date
rr_AverageAnnualReturnInceptionDate
Mar. 31, 2010
Putnam Global Sector Fund | after taxes on distributions | Class A
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
(1.20%)
5 Years
rr_AverageAnnualReturnYear05
7.35%
Since Inception
rr_AverageAnnualReturnSinceInception
4.93%
Inception Date
rr_AverageAnnualReturnInceptionDate
Mar. 31, 2010
Putnam Global Sector Fund | after taxes on distributions and sale of fund shares | Class A
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
0.23%
5 Years
rr_AverageAnnualReturnYear05
7.19%
Since Inception
rr_AverageAnnualReturnSinceInception
5.07%
Inception Date
rr_AverageAnnualReturnInceptionDate
Mar. 31, 2010
Putnam Global Sector Fund | MSCI World Index (ND) (no deduction for fees, expenses or taxes other than withholding taxes on reinvested dividends)
Risk Return Abstract
rr_RiskReturnAbstract
1 Year
rr_AverageAnnualReturnYear01
7.51%
5 Years
rr_AverageAnnualReturnYear05
10.41%
Since Inception
rr_AverageAnnualReturnSinceInception
7.97%
Inception Date
rr_AverageAnnualReturnInceptionDate
Mar. 31, 2010
[1]
Applies only to certain redemptions of shares bought with no initial sales charge.
[2]
Management fees reflect a performance adjustment. The fund's base management fee is subject to adjustment, up or down, based on the fund's performance relative to the fund's target, which is the performance of the BofA Merrill Lynch U.S. Treasury Bill Index plus 100 basis points. The fund's base management fee prior to any performance adjustment was 0.40%.
[3]
This charge is phased out over two years.
[4]
This charge is eliminated after one year.
[5]
Other expenses are based on expenses of class A shares for the fund's last fiscal year.
[6]
Performance for class R6 shares prior to its inception (7/2/12) and class P shares prior to its inception (8/31/16) is derived from the historical performance of class Y shares and has not been adjusted for the lower investor servicing fees applicable to class R6 and class P shares; had it, returns would have been higher.
[7]
Class T shares were not outstanding during the time periods shown. Performance shown for class T shares is derived from the historical performance of class A shares.
[8]
Management fees reflect a performance adjustment. The fund's base management fee is subject to adjustment, up or down, based on the fund's performance relative to the fund's target, which is the performance of the BofA Merrill Lynch U.S. Treasury Bill Index plus 300 basis points. The fund's base management fee prior to any performance adjustment was 0.60%.
[9]
Management fees reflect a performance adjustment. The fund's base management fee is subject to adjustment, up or down, based on the fund's performance relative to the fund's target, which is the performance of the BofA Merrill Lynch U.S. Treasury Bill Index plus 500 basis points. For the most recent fiscal year, the fund's base management fee prior to any performance adjustment was 0.723%.
[10]
Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through 2/28/18. This obligation may be modified or discontinued only with approval of the Board of Trustees.
[11]
This charge is phased out over six years.
[12]
Other expenses are based on expenses of class A shares (adjusted for the lower investor servicing fees applicable to class P shares) for the fund's last fiscal year.
[13]
Management fees reflect a performance adjustment. The fund's base management fee is subject to adjustment, up or down, based on the fund's performance relative to the fund's target, which is the performance of the BofA Merrill Lynch U.S. Treasury Bill Index plus 700 basis points. For the most recent fiscal year, the fund's base management fee prior to any performance adjustment was 0.876%.
[14]
Restated to reflect current fees resulting from a change to the fund's investor servicing arrangements effective September 1, 2016.
[15]
Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through February 28, 2018. This obligation may be modified or discontinued only with approval of the Board of Trustees.
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