Putnam Emerging Markets Equity Fund

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 13 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)

Shareholder Fees	Putnam Emerging Markets Equity Fund Class T
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	2.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)	none

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

Annual Fund Operating Expenses	Putnam Emerging Markets Equity Fund Class T
Management fees	0.99%	[1]
Distribution and service (12b-1) fees	0.25%
Other expenses	1.00%	[2]
Total annual fund operating expenses	2.24%
Expense reimbursement	(0.55%)	[3]
Total annual fund operating expenses after expense reimbursement	1.69%

Example

The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.

Expense Example	Expense Example, with Redemption, 1 Year	Expense Example, with Redemption, 3 Years	Expense Example, with Redemption, 5 Years	Expense Example, with Redemption, 10 Years
Putnam Emerging Markets Equity Fund | Class T | USD ($)	418	881	1,371	2,719

Putnam Global Consumer Fund

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 53 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)

Shareholder Fees	Putnam Global Consumer Fund Class T
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	2.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)	none

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

Annual Fund Operating Expenses	Putnam Global Consumer Fund Class T
Management fees	0.62%
Distribution and service (12b-1) fees	0.25%
Other expenses	0.67%	[1]
Total annual fund operating expenses	1.54%
Expense reimbursement	(0.23%)	[2]
Total annual fund operating expenses after expense reimbursement	1.31%

Example

The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.

Expense Example	Expense Example, with Redemption, 1 Year	Expense Example, with Redemption, 3 Years	Expense Example, with Redemption, 5 Years	Expense Example, with Redemption, 10 Years
Putnam Global Consumer Fund | Class T | USD ($)	380	702	1,047	2,020

Putnam Global Energy Fund

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 53 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).

Putnam Global Financial Fund

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 53 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)

Shareholder Fees	Putnam Global Financial Fund Class T
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	2.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)	none

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

Annual Fund Operating Expenses	Putnam Global Financial Fund Class T
Management fees	0.62%
Distribution and service (12b-1) fees	0.25%
Other expenses	1.39%	[1]
Total annual fund operating expenses	2.26%
Expense reimbursement	(0.95%)	[2]
Total annual fund operating expenses after expense reimbursement	1.31%

Example

The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.

Expense Example	Expense Example, with Redemption, 1 Year	Expense Example, with Redemption, 3 Years	Expense Example, with Redemption, 5 Years	Expense Example, with Redemption, 10 Years
Putnam Global Financial Fund | Class T | USD ($)	380	850	1,345	2,708

Putnam Global Industrial Fund

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 53 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)

Shareholder Fees	Putnam Global Industrial Fund Class T
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	2.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)	none

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

Annual Fund Operating Expenses	Putnam Global Industrial Fund Class T
Management fees	0.62%
Distribution and service (12b-1) fees	0.25%
Other expenses	1.10%	[1]
Total annual fund operating expenses	1.97%
Expense reimbursement	(0.68%)	[2]
Total annual fund operating expenses after expense reimbursement	1.29%

Example

The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.

Expense Example	Expense Example, with Redemption, 1 Year	Expense Example, with Redemption, 3 Years	Expense Example, with Redemption, 5 Years	Expense Example, with Redemption, 10 Years
Putnam Global Industrial Fund | Class T | USD ($)	378	789	1,224	2,435

Putnam Global Technology Fund

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 53 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)

Shareholder Fees	Putnam Global Technology Fund Class T
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	2.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)	none

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

Annual Fund Operating Expenses	Putnam Global Technology Fund Class T
Management fees	0.62%
Distribution and service (12b-1) fees	0.25%
Other expenses	0.69%	[1]
Total annual fund operating expenses	1.56%
Expense reimbursement	(0.26%)	[2]
Total annual fund operating expenses after expense reimbursement	1.30%

Example

The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.

Expense Example	Expense Example, with Redemption, 1 Year	Expense Example, with Redemption, 3 Years	Expense Example, with Redemption, 5 Years	Expense Example, with Redemption, 10 Years
Putnam Global Technology Fund | Class T | USD ($)	379	705	1,055	2,039

Putnam Global Telecommunication Fund

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 53 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)

Shareholder Fees	Putnam Global Telecommunication Fund Class T
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	2.50%
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower)	none

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

Annual Fund Operating Expenses	Putnam Global Telecommunication Fund Class T
Management fees	0.62%
Distribution and service (12b-1) fees	0.25%
Other expenses	0.73%	[1]
Total annual fund operating expenses	1.60%
Expense reimbursement	(0.29%)	[2]
Total annual fund operating expenses after expense reimbursement	1.31%

Example

The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.

Expense Example	Expense Example, with Redemption, 1 Year	Expense Example, with Redemption, 3 Years	Expense Example, with Redemption, 5 Years	Expense Example, with Redemption, 10 Years
Putnam Global Telecommunication Fund | Class T | USD ($)	380	715	1,072	2,079

[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 performance of the MSCI Emerging Markets Index (ND). For the most recent fiscal year, the fund's base management fee prior to any performance adjustment was 0.923%

[2] Other expenses are based on expenses of class A shares for the fund's last fiscal year.

[3] Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through December 30, 2017. This obligation may be modified or discontinued only with approval of the Board of Trustees.

[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 12/30/17. This obligation may be modified or discontinued only with approval of the Board of Trustees.

[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 12/30/17. This obligation may be modified or discontinued only with approval of the Board of Trustees.

[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 12/30/17. This obligation may be modified or discontinued only with approval of the Board of Trustees.

[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 12/30/17. This obligation may be modified or discontinued only with approval of the Board of Trustees.

[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 12/30/17. This obligation may be modified or discontinued only with approval of the Board of Trustees.