0000928816-18-000564.txt : 20180319 0000928816-18-000564.hdr.sgml : 20180319 20180319105747 ACCESSION NUMBER: 0000928816-18-000564 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 21 FILED AS OF DATE: 20180319 DATE AS OF CHANGE: 20180319 EFFECTIVENESS DATE: 20180319 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM FUNDS TRUST CENTRAL INDEX KEY: 0001005942 IRS NUMBER: 043299786 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-00515 FILM NUMBER: 18697795 BUSINESS ADDRESS: STREET 1: ONE POST STREET 2: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921010 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM FUNDS TRUST CENTRAL INDEX KEY: 0001005942 IRS NUMBER: 043299786 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-07513 FILM NUMBER: 18697796 BUSINESS ADDRESS: STREET 1: ONE POST STREET 2: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921010 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 0001005942 S000023452 PUTNAM ABSOLUTE RETURN 500 FUND C000068886 CLASS A C000068887 CLASS B C000068888 CLASS C C000068889 CLASS M C000068890 CLASS R C000068891 CLASS Y C000118002 Class R6 C000174700 Class P Shares C000185688 Class T Shares 0001005942 S000024274 Putnam Absolute Return 100 Fund C000071705 Class A C000071706 Class B C000071707 Class C C000071708 Class M C000071709 Class R C000071710 Class Y C000118004 Class R6 C000174701 Class P Shares C000185689 Class T Shares 0001005942 S000024275 Putnam Absolute Return 300 Fund C000071711 Class M C000071712 Class R C000071713 Class Y C000071714 Class A C000071715 Class B C000071716 Class C C000118006 Class R6 C000174702 Class P Shares C000185690 Class T Shares 0001005942 S000024276 Putnam Absolute Return 700 Fund C000071717 Class A C000071718 Class B C000071719 Class C C000071720 Class M C000071721 Class R C000071722 Class Y C000118008 Class R6 C000174703 Class P Shares C000185691 Class T Shares 0001005942 S000028349 Putnam Global Sector Fund C000086618 CLASS A C000086619 CLASS B C000086620 CLASS C C000086621 CLASS M C000086622 CLASS R C000086623 CLASS Y C000185692 Class T Shares 485BPOS 1 a_pftcover.htm PUTNAM FUNDS TRUST
As filed with the Securities and Exchange Commission on  
March 19, 2018  
     
 
Registration No. 333-515 
811-07513 

 
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549  
 
---------------  
 
FORM N-1A  
  ---- 
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933  / X / 
  ---- 
  ---- 
Pre-Effective Amendment No.  /    / 
  ---- 
  ---- 
Post-Effective Amendment No. 277  / X / 
and  ---- 
 
  ---- 
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY  / X / 
ACT OF 1940  ---- 
  ---- 
Amendment No. 278 / X / 
(Check appropriate box or boxes)  ---- 
 
---------------  
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  
 
-----------------  

 

  It is proposed that this filing will become effective 
  (check appropriate box) 
 
----   
/    /  immediately upon filing pursuant to paragraph (b) 
----   
----   
   
/ X /  on February 28, 2018 pursuant to paragraph (b) 
   
----   
----   
/    /  60 days after filing pursuant to paragraph (a)(1) 
----   
----   
/    /  on (date) pursuant to paragraph (a)(1) 
----   
----   
/    /  75 days after filing pursuant to paragraph (a)(2) 
----   
----   
/    /  on (date) pursuant to paragraph (a)(2) of Rule 485. 
----   
 
If appropriate, check the following box: 
----   
/    /  this post-effective amendment designates a new 
----  effective date for a previously filed post-effective amendment. 
 
  -------------- 
  ROBERT T. BURNS, Vice President 
  PUTNAM FUNDS TRUST 
  One Post Office Square 
  Boston, Massachusetts 02109 
  (Name and address of agent for service) 
  --------------- 
  Copy to: 
 
  BRYAN CHEGWIDDEN, Esquire 
  ROPES & GRAY LLP 
  1211 Avenue of the Americas 
  New York, New York 10036 
  --------------------- 



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 series. 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 19th day of March, 2018.

 

 

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

 

Katinka Domotorffy* Trustee

 

Catharine Bond Hill* Trustee

Paul L. Joskow* Trustee

 

Robert E. Patterson* Trustee

 

George Putnam, III* Trustee

 

Manoj P. Singh* Trustee

 

 

 

By: /s/ Jonathan S. Horwitz, as Attorney-in-Fact
  March 19, 2018
   
*Signed pursuant to power of attorney filed in Post-Effective Amendment No. 269 to the Registrant’s Registration Statement on October 27, 2017.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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operating expenses </b><i><br />(expenses you pay each year as a percentage of the value of your investment) <b>Annual fund operating expenses </b><i><br />(expenses you pay each year as a percentage of the value of your investment) <b>Annual fund operating expenses </b><i><br />(expenses you pay each year as a percentage of the value of your investment) <b>Annual fund operating expenses </b><i><br />(expenses you pay each year as a percentage of the value of your investment) <b>Annual fund operating expenses </b><i><br />(expenses you pay each year as a percentage of the value of your investment) <b>Portfolio turnover</b> <b>Portfolio turnover</b> <b>Portfolio turnover</b> <b>Portfolio turnover</b> <b>Portfolio turnover</b> <b>Example</b> <b>Example</b> <b>Example</b> <b>Example</b> <b>Example</b> <b>Investments, risks, and performance</b><br /> <br /> <b>Investments</b> <b>Investments, risks, and performance</b><br /> <br /> <b>Investments</b> <b>Investments, risks, and performance</b><br /> <br /> <b>Investments</b> <b>Investments, risks, and performance</b><br /> <br /> <b>Investments</b> <b>Investments, risks, and performance</b><br /> <br /> <b>Investments</b> <b>Risks</b> <b>Risks</b> <b>Risks</b> <b>Risks</b> <b>Risks</b> It is important to understand that you can lose money by investing in the fund. It is important to understand that you can lose money by investing in the fund. It is important to understand that you can lose money by investing in the fund. It is important to understand that you can lose money by investing in the fund. It is important to understand that you can lose money by investing in the fund. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <b>Performance</b> <b>Performance</b> <b>Performance</b> <b>Performance</b> <b>Performance</b> The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;s performance year to year and over time. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;s performance year to year and over time. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;s performance year to year and over time. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;s performance year to year and over time. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;s performance year to year and over time. putnam.com putnam.com putnam.com putnam.com putnam.com Please remember that past performance is not necessarily an indication of future results. Please remember that past performance is not necessarily an indication of future results. Please remember that past performance is not necessarily an indication of future results. Please remember that past performance is not necessarily an indication of future results. Please remember that past performance is not necessarily an indication of future results. <b>Annual total returns for class A shares before sales charges</b> <b>Annual total returns for class A shares before sales charges</b> <b>Annual total returns for class A shares before sales charges</b> <b>Annual total returns for class A shares before sales charges</b> <b>Annual total returns for class A shares before sales charges</b> The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. The bar chart does not reflect the impact of sales charges. If it did, performance would be lower. Best calendar quarter<br /> <b>Q1 2012&#160;&#160; 1.71%</b> <br /><br />Worst calendar quarter<br /> <b>Q3 2011&#160;&#8722;2.22%</b> Best calendar quarter<br /> <b>Q1 2012&#160;&#160; 3.36%</b> <br /><br />Worst calendar quarter<br /> <b>Q3 2011&#160;&#8722;4.09%</b> Best calendar quarter<br /> <b>Q1 2012&#160;&#160; 5.31%</b> <br /><br />Worst calendar quarter<br /> <b>Q3 2011&#160;&#8722;4.83%</b> Best calendar quarter<br /> <b>Q1 2012&#160;6.07%</b> <br /><br />Worst calendar quarter<br /> <b>Q3 2011&#160;&#8722;5.81%</b> Best calendar quarter<br /> <b>Q1 2012&#160;&#160; 13.67%</b> <br /><br />Worst calendar quarter<br /> <b>Q3 2011&#160;&#8722;20.98%</b> Best calendar quarter Best calendar quarter Best calendar quarter Best calendar quarter Best calendar quarter Worst calendar quarter Worst calendar quarter Worst calendar quarter Worst calendar quarter Worst calendar quarter <b>Average annual total returns after sales charges </b><i><br /> (for periods ended 12/31/17)</i> <b>Average annual total returns after sales charges </b><i><br /> (for periods ended 12/31/17)</i> <b>Average annual total returns after sales charges </b><i><br /> (for periods ended 12/31/17)</i> <b>Average annual total returns after sales charges </b><i><br /> (for periods ended 12/31/17)</i> <b>Average annual total returns after sales charges </b><i><br /> (for periods ending 12/31/17)</i> After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. After-tax returns reflect the historical highest individual federal marginal income tax rates and do not reflect state and local taxes. 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. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. 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. After-tax returns are shown for class A shares only and will vary for other classes. After-tax returns are shown for class A shares only and will vary for other classes. After-tax returns are shown for class A shares only and will vary for other classes. After-tax returns are shown for class A shares only and will vary for other classes. 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. 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. 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. 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. Putnam Global Sector Fund seeks capital appreciation. 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 <font style="font-weight: normal"><i>How do I buy fund shares?</i></font> beginning on page 41 of the fund&#8217;s prospectus, in the Appendix to the fund&#8217;s prospectus, and in <font style="font-weight: normal"><i>How to buy shares</i></font> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). 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 <font style="font-weight: normal"><i>How do I buy fund shares?</i></font> beginning on page 41 of the fund&#8217;s prospectus, in the Appendix to the fund&#8217;s prospectus, and in <font style="font-weight: normal"><i>How to buy shares</i></font> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). 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 <font style="font-weight: normal"><i>How do I buy fund shares?</i></font> beginning on page 41 of the fund&#8217;s prospectus, in the Appendix to the fund&#8217;s prospectus, and in <font style="font-weight: normal"><i>How to buy shares</i></font> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). 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 <font style="font-weight: normal"><i>How do I buy fund shares?</i></font> beginning on page 41 of the fund&#8217;s prospectus, in the Appendix to the fund&#8217;s prospectus, and in <font style="font-weight: normal"><i>How to buy shares</i></font> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). 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 <font style="font-weight: normal"><i>How do I buy fund shares?</i></font> beginning on page 20 of the fund&#8217;s prospectus, in the Appendix to the fund&#8217;s prospectus, and in <font style="font-weight: normal"><i>How to buy shares</i></font> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). 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 <font style="font-weight: normal"><i>How do I buy fund shares?</i></font> beginning on page 41 of the fund&#8217;s prospectus, in the Appendix to the fund&#8217;s prospectus, and in <font style="font-weight: normal"><i>How to buy shares</i></font> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). 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 <font style="font-weight: normal"><i>How do I buy fund shares?</i></font> beginning on page 41 of the fund&#8217;s prospectus, in the Appendix to the fund&#8217;s prospectus, and in <font style="font-weight: normal"><i>How to buy shares</i></font> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). 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 <font style="font-weight: normal"><i>How do I buy fund shares?</i></font> beginning on page 41 of the fund&#8217;s prospectus, in the Appendix to the fund&#8217;s prospectus, and in <font style="font-weight: normal"><i>How to buy shares</i></font> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). 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 <font style="font-weight: normal"><i>How do I buy fund shares?</i></font> beginning on page 41 of the fund&#8217;s prospectus, in the Appendix to the fund&#8217;s prospectus, and in <font style="font-weight: normal"><i>How to buy shares</i></font> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). 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 <font style="font-weight: normal"><i>How do I buy fund shares?</i></font> beginning on page 20 of the fund&#8217;s prospectus, in the Appendix to the fund&#8217;s prospectus, and in <font style="font-weight: normal"><i>How to buy shares</i></font> beginning on page II-1 of the fund&#8217;s statement of additional information (SAI). 500000 500000 50000 50000 50000 0.0100 0.0100 0.0100 0 0 0 0 0 0 0.0100 0.0100 0.0100 0 0 0 0 0 0 0.0100 0.0500 0.0100 0 0 0 0 0 0 0.0100 0.0500 0.0100 0 0 0 0 0 0 0.0100 0.0500 0.0100 0 0 0 0 0.0040 0.0040 0.0040 0.0040 0.0040 0.0040 0.0040 0.0040 0.0040 0.0045 0.0045 0.0045 0.0045 0.0045 0.0045 0.0045 0.0045 0.0045 0.0059 0.0059 0.0059 0.0059 0.0059 0.0059 0.0059 0.0059 0.0059 0.0069 0.0069 0.0069 0.0069 0.0069 0.0069 0.0069 0.0069 0.0069 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0025 0.0045 0.0100 0.0030 0.0050 0.0025 0.0025 0.0045 0.0100 0.0030 0.0050 0.0025 0.0025 0.0100 0.0100 0.0075 0.0050 0.0025 0.0025 0.0100 0.0100 0.0075 0.0050 0.0025 0.0025 0.0100 0.0100 0.0075 0.0050 0.0025 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0021 0.0021 0.0021 0.0021 0.0009 0.0021 0.0013 0.0021 0.0021 0.0022 0.0022 0.0022 0.0022 0.0009 0.0022 0.0013 0.0022 0.0022 0.0096 0.0096 0.0096 0.0096 0.0096 0.0096 0.0096 0.0066 0.0086 0.0141 0.0071 0.0041 0.0091 0.0041 0.0066 0.0041 0.0070 0.0090 0.0145 0.0075 0.0045 0.0095 0.0045 0.0070 0.0045 0.0109 0.0184 0.0184 0.0159 0.0072 0.0134 0.0076 0.0109 0.0084 0.0121 0.0196 0.0196 0.0171 0.0083 0.0146 0.0087 0.0121 0.0096 0.0223 0.0298 0.0298 0.0273 0.0248 0.0223 0.0198 The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund&#8217;s operating expenses remain the same. Your actual costs may be higher or lower. The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund&#8217;s operating expenses remain the same. Your actual costs may be higher or lower. The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund&#8217;s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower. The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund&#8217;s operating expenses remain the same. Your actual costs may be higher or lower. The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund&#8217;s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower. 914 1003 1691 951 518 1120 518 822 518 962 1051 1735 998 567 1166 567 1099 567 1824 1959 2155 2170 891 1609 938 1542 1033 1957 2091 2285 2299 1025 1746 1073 1679 1178 2922 3054 3231 3236 2744 2677 2229 464 477 771 467 230 504 230 368 230 486 498 792 489 252 525 252 630 252 1138 1192 992 1182 397 731 419 833 462 1202 1257 1057 1246 460 797 482 898 531 1618 1683 1483 1662 1234 1329 979 309 274 446 300 132 290 132 211 132 322 287 459 313 144 303 144 468 144 899 875 575 831 227 421 240 585 265 937 915 615 870 265 462 278 624 306 1145 1131 831 1080 681 840 528 167 188 244 147 42 93 42 67 42 171 192 248 151 46 97 46 320 46 677 684 284 503 70 133 74 355 83 691 699 299 518 85 149 89 370 98 697 705 305 524 155 376 104 1003 1691 1051 1735 1959 2155 2091 2285 3054 3231 477 771 498 792 992 992 1057 1057 1483 1483 274 446 287 459 575 575 615 615 831 831 88 144 92 148 184 184 199 199 205 205 The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund&#8217;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&#8217;s turnover rate in the most recent fiscal year was 256%. The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund&#8217;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&#8217;s turnover rate in the most recent fiscal year was 742%. The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund&#8217;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&#8217;s turnover rate in the most recent fiscal year was 496%. The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund&#8217;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&#8217;s turnover rate in the most recent fiscal year was 559%. The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund&#8217;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&#8217;s turnover rate in the most recent fiscal year was 50%. 2.56 7.42 4.96 5.59 0.50 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 &#8220;junk bonds&#8221;), 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 &#8220;sub-prime&#8221; mortgages), commercial mortgage-backed securities and collateralized mortgage obligations. In pursuing a consistent absolute return, the fund&#8217;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.<br /> <br /> 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.<br /> <br /> 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. 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 &#8220;junk bonds&#8221;), 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 &#8220;sub-prime&#8221; mortgages), commercial mortgage-backed securities and collateralized mortgage obligations. In pursuing a consistent absolute return, the fund&#8217;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.<br /> <br /> 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.<br /> <br /> 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. The fund is designed to pursue a consistent absolute return by combining two independent investment strategies &#8212; a <i>beta</i> strategy, which provides broad exposure to investment markets, and an <i>alpha</i> strategy, which seeks returns from active trading. The <i>beta</i> 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 &#8220;junk bonds&#8221;); inflation-protected securities; commodities; and real estate investment trusts (REITs). The <i>alpha</i> 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&#8217;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.<br /> <br /> We may consider, among other factors, a company&#8217;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&#8217;s exposure to the asset classes and strategies mentioned above, which may create investment leverage.<br /> <br /> 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. The fund is designed to pursue a consistent absolute return by combining two independent investment strategies &#8212; a <i>beta</i> strategy, which provides broad exposure to investment markets, and an <i>alpha</i> strategy, which seeks returns from active trading. The <i>beta</i> 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 &#8220;junk bonds&#8221;); inflation-protected securities; commodities; and real estate investment trusts (REITs). The <i>alpha</i> 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&#8217;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.<br /> <br /> We may consider, among other factors, a company&#8217;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&#8217;s exposure to the asset classes and strategies mentioned above, which may create investment leverage.<br /> <br /> 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. We allocate the fund&#8217;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 (other than Putnam Global Financials Fund, which currently operates as a 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.<br /> <br /> <b>Global Consumer Fund</b> &#8212; Under normal circumstances, we invest at least 80% of this underlying fund&#8217;s net assets in securities of companies worldwide in the consumer staples and consumer discretionary products and services industries. This policy may be changed only after 60 days&#8217; notice to shareholders.<br /> <br /> <b>Global Financials Fund</b> &#8212; Under normal circumstances, we invest at least 80% of this underlying fund&#8217;s net assets in securities of companies in the financial services industries. This policy may be changed only after 60 days&#8217; notice to shareholders.<br /> <br /> <b>Global Health Care Fund</b> &#8212; Under normal circumstances, we invest at least 80% of this underlying fund&#8217;s net assets in securities of companies in the health care industries. This policy may be changed only after 60 days&#8217; notice to shareholders.<br /> <br /> <b>Global Industrials Fund</b> &#8212; Under normal circumstances, we invest at least 80% of this underlying fund&#8217;s net assets in securities of companies in the industrial products, services or equipment industries. This policy may be changed only after 60 days&#8217; notice to shareholders.<br /> <br /> <b>Global Natural Resources Fund</b> &#8212; Under normal circumstances, we invest at least 80% of this underlying fund&#8217;s net assets in securities of companies in the energy and other natural resource industries. This policy may be changed only after 60 days&#8217; notice to shareholders.<br /> <br /> <b>Global Technology Fund</b> &#8212; Under normal circumstances, we invest at least 80% of this underlying fund&#8217;s net assets in securities of companies in the technology industries. This policy may be changed only after 60 days&#8217; notice to shareholders.<br /> <br /> <b>Global Telecommunications Fund</b> &#8212; Under normal circumstances, we invest at least 80% of this underlying fund&#8217;s net assets in securities of companies in the telecommunication industries. This policy may be changed only after 60 days&#8217; notice to shareholders.<br /> <br /> <b>Global Utilities Fund</b> &#8212; Under normal circumstances, we invest at least 80% of this underlying fund&#8217;s net assets in securities of companies worldwide in the utilities industries. This policy may be changed only after 60 days&#8217; notice to shareholders.<br /> <br /> 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.<br /> <br /> We seek to rebalance the fund&#8217;s allocations monthly to remain in alignment with the index. The following table shows the fund&#8217;s approximate allocations to the underlying funds as of 12/31/17: <p>&#160;</p> <table> <tr> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 600; line-height: 1.06; text-align: left">Underlying fund</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 600; line-height: 1.06; text-align: left">Approximate allocation as of 12/31/17</td></tr> <tr style="background-color: rgb(209,211,212)"> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">Putnam Global Financials Fund</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">21.18%</td></tr> <tr style="background-color: rgb(230,231,232)"> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">Putnam Global Consumer Fund</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">21.04%</td></tr> <tr style="background-color: rgb(209,211,212)"> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">Putnam Global Technology Fund</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">16.47%</td></tr> <tr style="background-color: rgb(230,231,232)"> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">Putnam Global Natural Resources Fund</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">11.81%</td></tr> <tr style="background-color: rgb(209,211,212)"> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">Putnam Global Industrials Fund</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">11.71%</td></tr> <tr style="background-color: rgb(230,231,232)"> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">Putnam Global Health Care Fund</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">11.67%</td></tr> <tr style="background-color: rgb(209,211,212)"> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">Putnam Global Utilities Fund</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">2.95%</td></tr> <tr style="background-color: rgb(230,231,232)"> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">Putnam Global Telecommunications Fund</td> <td style="color: #000000; font-style: normal; font-variant: normal; font-weight: 300; line-height: 1.12; text-align: left">2.82%</td></tr> </table> <br /> <br /> We may also invest in money market securities or affiliated money market or short-term fixed income funds for cash management. It is important to understand that you can lose money by investing in the fund.<br /> <br /> Our allocation of assets among fixed-income strategies and sectors may hurt performance. The value of bonds in the fund&#8217;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&#8217;s portfolio holdings. <br /> <br /> Bond investments are subject to interest rate risk, which means the value of the fund&#8217;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), and may be or become illiquid. Our use of derivatives may increase the risks of investing in the fund 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.<br /> <br /> The fund may not achieve its goal, and it is not intended to be a complete investment program. The fund&#8217;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.<br /> <b><br /> <br /> Investor profile</b><br /> <br /> 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 (a full market cycle, which is generally at least three years but may potentially be significantly longer) of time 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. It is important to understand that you can lose money by investing in the fund.<br /> <br /> Our allocation of assets among fixed-income strategies and sectors may hurt performance. The value of bonds in the fund&#8217;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&#8217;s portfolio holdings.<br /> <br /> Bond investments are subject to interest rate risk, which means the value of the fund&#8217;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.<br /> <br /> 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), and may be or become illiquid. Our use of derivatives may increase the risks of investing in the fund 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.<br /> <br /> The fund may not achieve its goal, and it is not intended to be a complete investment program. The fund&#8217;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.<br /> <br /> <b>Investor profile</b><br /> <br /> 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 (a full market cycle, which is generally at least three years but may potentially be significantly longer) of time 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. It is important to understand that you can lose money by investing in the fund.<br /> <br /> Our allocation of assets among asset classes may hurt performance. The value of stocks and bonds in the fund&#8217;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, in the case of bonds, 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&#8217;s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound.<br /> <br /> Bond investments are subject to interest rate risk, which means the value of the fund&#8217;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.<br /> <br /> 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), and may be or become illiquid. Our <i>alpha</i> 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 the risk of investing in the fund 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.<br /> <br /> The fund may not achieve its goal, and it is not intended to be a complete investment program. The fund&#8217;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.<br /> <br /> <b>Investor profile</b><br /> <br /> 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 (a full market cycle, which is generally at least three years but may potentially be significantly longer) of time 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. It is important to understand that you can lose money by investing in the fund.<br /> <br /> Our allocation of assets among asset classes may hurt performance. The value of stocks and bonds in the fund&#8217;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, in the case of bonds, 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&#8217;s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound.<br /> <br /> Bond investments are subject to interest rate risk, which means the value of the fund&#8217;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), and may be or become illiquid. Our <i>alpha</i> 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 the risk of investing in the fund 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.<br /> <br /> The fund may not achieve its goal, and it is not intended to be a complete investment program. The fund&#8217;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. <b><br /> <br /> Investor profile</b><br /> <br /> 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 (a full market cycle, which is generally at least three years but may potentially be significantly longer) of time 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. It is important to understand that you can lose money by investing in the fund.<br /> <br /> Our allocation of investments among the underlying funds may hurt performance. In addition, the fund&#8217;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&#8217;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 issuer or industry. These and other factors may lead to increased volatility and reduced liquidity in the fund&#8217;s portfolio holdings. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. An underlying fund&#8217;s policy of concentrating on a limited group of industries and an underlying fund&#8217;s &#8220;non-diversified&#8221; status, which means the underlying fund may invest a greater percentage of its assets in fewer issuers than a &#8220;diversified&#8221; fund, can increase the underlying fund&#8217;s vulnerability to adverse developments affecting a single issuer, which may result in greater losses and volatility.<br /> <br /> 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&#8217;s use of derivatives may increase the risk of investing in the fund 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&#8217;s use of short selling may result in losses if the securities appreciate in value.<br /> <br /> 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. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;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. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;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. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;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. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;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. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;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. 0.0404 0.0823 0.0992 0.1442 0.0116 0.0310 0.0268 0.0354 -0.0191 -0.04374 0.0061 0.0051 -0.0980 0.0277 0.0563 0.0692 0.0775 0.1795 0.0177 0.0435 0.0432 0.0591 0.2904 0.0069 0.0153 0.0411 0.0595 0.0317 -0.0051 -0.0191 -0.0057 -0.0165 -0.0023 0.0227 0.0201 0.0112 0.0271 0.0552 0.0310 0.0524 0.0718 0.0974 0.2307 2012-03-31 2012-03-31 2012-03-31 2012-03-31 2012-03-31 0.0171 0.0336 0.0531 0.0607 0.1367 2011-09-30 2011-09-30 2011-09-30 2011-09-30 2011-09-30 -0.0222 -0.0409 -0.0483 -0.0581 -0.2098 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&#8217;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 individual retirement account (IRA), or another tax-advantaged arrangement.<br /> <br /> Class B share performance reflects conversion to class A shares after eight years.<br /> <br /> ICE BofAML Indexes: ICE Data Indices, LLC (&#8220;ICE BofAML&#8221;), used with permission. ICE BofAML permits use of the ICE BofAML indices and related data on an &#8220;as is&#8221; basis; makes no warranties regarding same; does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML indices or any data included in, related to, or derived therefrom; assumes no liability in connection with the use of the foregoing; and does not sponsor, endorse, or recommend Putnam Investments, or any of its products or services.<br /> <br /> The Bloomberg Barclays U.S. Aggregate Bond Index and the S&#38;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. 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&#8217;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 individual retirement account (IRA), or another tax-advantaged arrangement.<br /> <br /> Class B share performance reflects conversion to class A shares after eight years.<br /> <br /> ICE BofAML Indexes: ICE Data Indices, LLC (&#8220;ICE BofAML&#8221;), used with permission. ICE BofAML permits use of the ICE BofAML indices and related data on an &#8220;as is&#8221; basis; makes no warranties regarding same; does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML indices or any data included in, related to, or derived therefrom; assumes no liability in connection with the use of the foregoing; and does not sponsor, endorse, or recommend Putnam Investments, or any of its products or services.<br /> <br /> The Bloomberg Barclays U.S. Aggregate Bond Index and the S&#38;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. 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&#8217;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 individual retirement account (IRA), or another tax-advantaged arrangement.<br /> <br /> Class B share performance reflects conversion to class A shares after eight years.<br /> <br /> ICE BofAML Indexes: ICE Data Indices, LLC (&#8220;ICE BofAML&#8221;), used with permission. ICE BofAML permits use of the ICE BofAML indices and related data on an &#8220;as is&#8221; basis; makes no warranties regarding same; does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML indices or any data included in, related to, or derived therefrom; assumes no liability in connection with the use of the foregoing; and does not sponsor, endorse, or recommend Putnam Investments, or any of its products or services.<br /> <br /> The Bloomberg Barclays U.S. Aggregate Bond Index and the S&#38;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. 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&#8217;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 individual retirement account (IRA), or another tax-advantaged arrangement.<br /> <br /> Class B share performance reflects conversion to class A shares after eight years.<br /> <br /> ICE BofAML Indexes: ICE Data Indices, LLC (&#8220;ICE BofAML&#8221;), used with permission. ICE BofAML permits use of the ICE BofAML indices and related data on an &#8220;as is&#8221; basis; makes no warranties regarding same; does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML indices or any data included in, related to, or derived therefrom; assumes no liability in connection with the use of the foregoing; and does not sponsor, endorse, or recommend Putnam Investments, or any of its products or services.<br /> <br /> The Bloomberg Barclays U.S. Aggregate Bond Index and the S&#38;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. 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&#8217;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. 0.0125 0.0125 0.0069 0.0126 0.0172 0.0121 0.0172 0.0145 0.0172 0.0201 0.0200 0.0144 0.0201 0.0247 0.0197 0.0247 0.0170 0.0246 0.0198 0.0207 0.0242 0.0196 0.0349 0.0295 0.0354 0.0268 0.0345 0.0323 0.0336 0.0369 0.0323 0.0477 0.0422 0.0484 0.0394 0.0475 0.1021 0.1041 0.1070 0.1018 0.1126 0.1096 0.1180 0.0047 0.0059 0.0028 0.0128 0.0210 0.1579 0.0031 0.0075 0.0028 0.0210 0.1579 0.0328 0.0097 0.0124 0.0028 0.0528 0.0210 0.1579 0.0204 0.0209 0.0028 0.0728 0.0210 0.1579 0.0818 0.0766 0.1164 0.0207 0.0194 0.0131 0.0239 0.0347 0.0290 0.0346 0.0310 0.0347 0.0419 0.0399 0.0350 0.0441 0.0552 0.0496 0.0551 0.0261 0.0553 0.0102 0.0143 0.0542 0.0292 0.0757 0.0699 0.0760 0.0450 0.0746 0.0343 0.0395 0.0796 0.0541 0.1012 0.0944 0.1013 0.0700 0.1009 0.1600 0.1722 0.2122 0.1826 0.2287 0.1999 0.2353 0.0109 0.0117 0.0081 0.0181 0.0354 0.2183 0.0225 0.0237 0.0081 0.0354 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Applies only to certain redemptions of shares bought with no initial sales charge. This charge is phased out over two years. This charge is eliminated after one year. Other expenses are based on expenses of class A shares for the fund's last fiscal year. Performance for class R6 shares prior to their inception (7/2/12) and for class P shares prior to their 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. 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. 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 ICE BofAML Treasury Bill Index plus 300 basis points. The fund's base management fee prior to any performance adjustment was 0.60%. This charge is phased out over six years. 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 ICE BofAML Treasury Bill Index plus 500 basis points. For the fund's most recent fiscal year, the fund's base management fee prior to any performance adjustment was 0.725%. Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through 2/28/19. This obligation may be modified or discontinued only with approval of the Board of Trustees. 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 ICE BofAML 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 0.875%. Restated to reflect current fees. Other expenses are based on expenses of class A shares for the fund's last fiscal year, as restated to reflect current fees. Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through February 28, 2019. This obligation may be modified or discontinued only with approval of the Board of Trustees. 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, adjusted for the higher initial sales charge currently applicable to class T shares. 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, adjusted for the lower initial sales charge currently applicable to class T shares. EX-101.SCH 3 pft-20180307.xsd XBRL SCHEMA FILE 00000003 - Document - Putnam Absolute Return 100 Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000004 - Document - Putnam Absolute Return 300 Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000005 - Document - Putnam Absolute Return 500 Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000006 - Document - Putnam Absolute Return 700 Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000007 - Document - Putnam Global Sector Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 4 pft-20180307_def.xml XBRL DEFINITION FILE EX-101.LAB 5 pft-20180307_lab.xml XBRL LABEL FILE Legal Entity [Axis] Putnam Absolute Return 100 Fund Share Class [Axis] Class A Class B Class C Class M Class P Class R Class R6 Class T Class Y Putnam Absolute Return 300 Fund Class A Class B Class C Class M Class P Class R Class R6 Class T Class Y Putnam Absolute Return 500 Fund Class A Class B Class C Class M Class P Class R Class R6 Class T Class Y Putnam Absolute Return 700 Fund Class A Class B Class C Class M Class P Class R Class R6 Class T Class Y Putnam Global Sector Fund Class A Class B Class C Class M Class R Class T Class Y Performance Measure [Axis] after taxes on distributions after taxes on distributions and sale of fund shares ICE BofAML U.S. Treasury Bill Index (no deduction for fees, expenses or taxes) ICE BofAML U.S. Treasury Bill Index plus 100 basis points (no deduction for fees, expenses or taxes) Bloomberg Barclays U.S. Aggregate Bond Index (no deduction for fees, expenses or taxes) S&P 500 Index (no deduction for fees, expenses or taxes) ICE BofAML U.S. Treasury Bill Index plus 300 basis points (no deduction for fees, expenses or taxes) ICE BofAML U.S. Treasury Bill Index plus 500 basis points (no deduction for fees, expenses or taxes) ICE BofAML U.S. Treasury Bill Index plus 700 basis points (no deduction for fees, expenses or taxes) Bloomberg Barclays U.S. Aggregate Bond Index (no deduction for fees, expenses, or taxes MSCI World Index (ND) (no deduction for fees, expenses or taxes other than withholding taxes on reinvested dividends) Prospectus: [Table] Prospectus [Line Items] Risk/Return [Heading] Objective [Heading] Objective, Primary [Text Block] Objective, Secondary [Text Block] Expense [Heading] Expense Narrative [Text Block] Shareholder Fees Caption [Text] Shareholder Fees [Table] Operating Expenses Caption [Text] Annual Fund Operating Expenses [Table] Expense Footnotes [Text Block] Expenses Deferred Charges [Text Block] Expenses Range of Exchange Fees [Text Block] Expense Example [Heading] Expense Example by Year [Heading] Expense Example Narrative [Text Block] Expense Example by, Year, Caption [Text] Expense Example, With Redemption [Table] Expense Example, No Redemption Narrative [Text Block] Expense Example, No Redemption, By Year, Caption [Text] Expense Example, No Redemption [Table] Expense Example Footnotes [Text Block] Expense Example Closing [Text Block] Portfolio Turnover [Heading] Portfolio Turnover [Text Block] Strategy [Heading] Strategy Narrative [Text Block] Risk [Heading] Risk Narrative [Text Block] Risk Footnotes [Text Block] Risk Closing [Text Block] Bar Chart and Performance Table [Heading] Performance Narrative [Text Block] Bar Chart Narrative [Text Block] Bar Chart [Heading] Bar Chart [Table] Bar Chart Footnotes [Text Block] Bar Chart Closing [Text Block] Performance Table Heading Performance Table Narrative Performance [Table] Market Index Performance [Table] Performance Table Footnotes Performance Table Closing [Text Block] Shareholder Fees Column [Text] Maximum Cumulative Sales Charge (as a percentage of Offering Price) Maximum Cumulative Sales Charge (as a percentage) Maximum sales charge (load) imposed on purchases (as a percentage of offering price) Maximum Deferred Sales Charge (as a percentage of Offering Price) Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) Maximum Sales Charge on Reinvested Dividends and Distributions (as a percentage) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee Exchange Fee (as a percentage of Amount Redeemed) Exchange Fee Maximum Account Fee (as a percentage of Assets) Maximum Account Fee Shareholder Fee, Other Operating Expenses Column [Text] Management fees Distribution and service (12b-1) fees Distribution or Similar (Non 12b-1) Fees Component1 Other Expenses Component2 Other Expenses Component3 Other Expenses Other expenses Acquired fund fees and expenses Total annual fund operating expenses Expense reimbursement Total annual fund operating expenses after expense reimbursement Expense Example, By Year, Column [Text] Expense Example, with Redemption, 1 Year Expense Example, with Redemption, 3 Years Expense Example, with Redemption, 5 Years Expense Example, with Redemption, 10 Years Expense Example, No Redemption, By Year, Column [Text] Expense Example, No Redemption, 1 Year Expense Example, No Redemption, 3 Years Expense Example, No Redemption, 5 Years Expense Example, No Redemption, 10 Years Annual Return Caption [Text] Annual Return, Column [Text] Annual Return, Inception Date Annual Return 1990 Annual Return 1991 Annual Return 1992 Annual Return 1993 Annual Return 1994 Annual Return 1995 Annual Return 1996 Annual Return 1997 Annual Return 1998 Annual Return 1999 Annual Return 2000 Annual Return 2001 Annual Return 2002 Annual Return 2003 Annual Return 2004 Annual Return 2005 Annual Return 2006 Annual Return 2007 Annual Return 2008 Annual Return 2009 Annual Return 2010 Annual Return 2011 Annual Return 2012 Annual Return 2013 Annual Return 2014 Annual Return 2015 Annual Return 2016 Annual Return 2017 Annual Return 2018 Annual Return 2019 Annual Return 2020 Label 1 Year 5 Years 10 Years Since Inception Inception Date Risk/Return Detail [Table] Document Type Document Period End Date Registrant Name Central Index Key Amendment Flag Amendment Description Trading Symbol Document Creation Date Document Effective Date Prospectus Date Fee Waiver or Reimbursement over Assets, Date of Termination Portfolio Turnover, Rate Expense Breakpoint Discounts [Text] Expense Breakpoint, Minimum Investment Required [Amount] Expense Exchange Traded Fund Commissions [Text] Expenses Represent Both Master and Feeder [Text] Expenses Explanation of Nonrecurring Account Fee [Text] Other Expenses, New Fund, Based on Estimates [Text] Acquired Fund Fees and Expenses, Based on Estimates [Text] Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] Expenses Restated to Reflect Current [Text] Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] Strategy Portfolio Concentration [Text] Risk Lose Money [Text] Risk Nondiversified Status [Text] Risk Money Market Fund [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Performance Information Illustrates Variability of Returns [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Performance Availability Phone [Text] Performance Availability Website Address [Text] Performance Past Does Not Indicate Future [Text] Bar Chart Does Not Reflect Sales Loads [Text] Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] Bar Chart, Returns for Class Not Offered in Prospectus [Text] Year to Date Return, Label Bar Chart, Year to Date Return, Date Bar Chart, Year to Date Return Highest Quarterly Return, Label Highest Quarterly Return, Date Highest Quarterly Return Lowest Quarterly Return, Label Lowest Quarterly Return, Date Lowest Quarterly Return Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Index No Deduction for Fees, Expenses, Taxes [Text] Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table One Class of after Tax Shown [Text] Performance Table Explanation after Tax Higher Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text] Caption Column Money Market Seven Day Yield, Caption [Text] Money Market Seven Day Yield Column [Text] Money Market Seven Day Yield Phone Money Market Seven Day Yield Money Market Seven Day Tax Equivalent Yield Thirty Day Yield Caption Thirty Day Yield Column [Text] Thirty Day Yield Phone Thirty Day Yield Thirty Day Tax Equivalent Yield Series Class Class Class Class Class Class Class Class Class Series Class Class Class Class Class Class Class Class Series Class Class Class Class Class Class Class Class Class Series Class Class Class Class Class Class Class Class Class Series Class Class Class Class Class Class Class Performance Measure Performance Measure Performance Measure Performance Measure Performance 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Putnam Absolute Return 100 Fund
Fund Summaries
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 41 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 Absolute Return 100 Fund
Class A
Class B
Class C
Class M
Class P
Class R
Class R6
Class T
Class Y
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) 1.00% none none 0.75% none none none none none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) 1.00% [1] 1.00% [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 two 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)
Annual Fund Operating Expenses - Putnam Absolute Return 100 Fund
Class A
Class B
Class C
Class M
Class P
Class R
Class R6
Class T
Class Y
Management fees 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40%
Distribution and service (12b-1) fees 0.25% 0.45% 1.00% 0.30%   0.50%   0.25%  
Other expenses 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% [1] 0.01%
Total annual fund operating expenses 0.66% 0.86% 1.41% 0.71% 0.41% 0.91% 0.41% 0.66% 0.41%
[1] Other expenses are based on expenses of class A 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 $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Expense Example - Putnam Absolute Return 100 Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 167 309 464 914
Class B 188 274 477 1,003
Class C 244 446 771 1,691
Class M 147 300 467 951
Class P 42 132 230 518
Class R 93 290 504 1,120
Class R6 42 132 230 518
Class T 67 211 368 822
Class Y 42 132 230 518
Expense Example, No Redemption - Putnam Absolute Return 100 Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 88 274 477 1,003
Class C 144 446 771 1,691
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 256%.
Investments, risks, and performance

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), and may be or become illiquid. Our use of derivatives may increase the risks of investing in the fund 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 (a full market cycle, which is generally at least three years but may potentially be significantly longer) of time 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
Bar Chart
Best calendar quarter
Q1 2012   1.71%

Worst calendar quarter
Q3 2011 −2.22%
Average annual total returns after sales charges
(for periods ended 12/31/17)
Average Annual Total Returns - Putnam Absolute Return 100 Fund
1 Year
5 Years
Since Inception
Inception Date
Class A 2.07% 1.25% 1.36% Dec. 23, 2008
Class A | after taxes on distributions 1.09% 0.47% 0.76% Dec. 23, 2008
Class A | after taxes on distributions and sale of fund shares 1.17% 0.59% 0.80% Dec. 23, 2008
Class B 1.94% 1.25% 1.23% Dec. 23, 2008
Class C 1.31% 0.69% 0.71% Dec. 23, 2008
Class M 2.39% 1.26% 1.33% Dec. 23, 2008
Class P 3.47% [1] 1.72% [1] 1.73% [1] Dec. 23, 2008
Class R 2.90% 1.21% 1.21% Dec. 23, 2008
Class R6 3.46% [1] 1.72% [1] 1.73% [1] Dec. 23, 2008
Class T 3.10% [2] 1.45% [2] 1.47% [2] Dec. 23, 2008
Class Y 3.47% 1.72% 1.73% Dec. 23, 2008
ICE BofAML U.S. Treasury Bill Index (no deduction for fees, expenses or taxes) 0.81% 0.28% 0.24% Dec. 23, 2008
ICE BofAML U.S. Treasury Bill Index plus 100 basis points (no deduction for fees, expenses or taxes) 1.81% 1.28% 1.24% Dec. 23, 2008
Bloomberg Barclays U.S. Aggregate Bond Index (no deduction for fees, expenses or taxes) 3.54% 2.10% 3.89% Dec. 23, 2008
S&P 500 Index (no deduction for fees, expenses or taxes) 21.83% 15.79% 15.81% Dec. 23, 2008
[1] Performance for class R6 shares prior to their inception (7/2/12) and for class P shares prior to their 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 individual retirement account (IRA), or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.

ICE BofAML Indexes: ICE Data Indices, LLC (“ICE BofAML”), used with permission. ICE BofAML permits use of the ICE BofAML indices and related data on an “as is” basis; makes no warranties regarding same; does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML indices or any data included in, related to, or derived therefrom; assumes no liability in connection with the use of the foregoing; and does not sponsor, endorse, or recommend Putnam Investments, or any of its products or services.

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
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 41 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 Absolute Return 300 Fund
Class A
Class B
Class C
Class M
Class P
Class R
Class R6
Class T
Class Y
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) 1.00% none none 0.75% 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] 1.00% [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 two 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)
Annual Fund Operating Expenses - Putnam Absolute Return 300 Fund
Class A
Class B
Class C
Class M
Class P
Class R
Class R6
Class T
Class Y
Management fees [1] 0.45% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45%
Distribution and service (12b-1) fees 0.25% 0.45% 1.00% 0.30%   0.50%   0.25%  
Total annual fund operating expenses 0.70% 0.90% 1.45% 0.75% 0.45% 0.95% 0.45% 0.70% 0.45%
[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 ICE BofAML Treasury Bill Index plus 300 basis points. The fund's base management fee prior to any performance adjustment was 0.60%.
Example
The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Expense Example - Putnam Absolute Return 300 Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 171 322 486 962
Class B 192 287 498 1,051
Class C 248 459 792 1,735
Class M 151 313 489 998
Class P 46 144 252 567
Class R 97 303 525 1,166
Class R6 46 144 252 567
Class T 320 468 630 1,099
Class Y 46 144 252 567
Expense Example, No Redemption - Putnam Absolute Return 300 Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 92 287 498 1,051
Class C 148 459 792 1,735
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 742%.
Investments, risks, and performance

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), and may be or become illiquid. Our use of derivatives may increase the risks of investing in the fund 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 (a full market cycle, which is generally at least three years but may potentially be significantly longer) of time 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
Bar Chart
Best calendar quarter
Q1 2012   3.36%

Worst calendar quarter
Q3 2011 −4.09%
Average annual total returns after sales charges
(for periods ended 12/31/17)
Average Annual Total Returns - Putnam Absolute Return 300 Fund
1 Year
5 Years
Since Inception
Inception Date
Class A 4.19% 2.01% 2.46% Dec. 23, 2008
Class A | after taxes on distributions 2.25% 0.31% 1.25% Dec. 23, 2008
Class A | after taxes on distributions and sale of fund shares 2.37% 0.75% 1.37% Dec. 23, 2008
Class B 3.99% 2.00% 2.33% Dec. 23, 2008
Class C 3.50% 1.44% 1.81% Dec. 23, 2008
Class M 4.41% 2.01% 2.42% Dec. 23, 2008
Class P 5.52% [1] 2.47% [1] 2.83% [1] Dec. 23, 2008
Class R 4.96% 1.97% 2.31% Dec. 23, 2008
Class R6 5.51% [1] 2.47% [1] 2.84% [1] Dec. 23, 2008
Class T 2.61% [2] 1.70% [2] 2.29% [2] Dec. 23, 2008
Class Y 5.53% 2.46% 2.82% Dec. 23, 2008
ICE BofAML U.S. Treasury Bill Index (no deduction for fees, expenses or taxes) 0.81% 0.28% 0.24% Dec. 23, 2008
ICE BofAML U.S. Treasury Bill Index plus 300 basis points (no deduction for fees, expenses or taxes) 3.81% 3.28% 3.24% Dec. 23, 2008
Bloomberg Barclays U.S. Aggregate Bond Index (no deduction for fees, expenses or taxes) 3.54% 2.10% 3.89% Dec. 23, 2008
S&P 500 Index (no deduction for fees, expenses or taxes) 21.83% 15.79% 15.81% Dec. 23, 2008
[1] Performance for class R6 shares prior to their inception (7/2/12) and for class P shares prior to their 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, adjusted for the higher initial sales charge currently applicable to class T 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 individual retirement account (IRA), or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.

ICE BofAML Indexes: ICE Data Indices, LLC (“ICE BofAML”), used with permission. ICE BofAML permits use of the ICE BofAML indices and related data on an “as is” basis; makes no warranties regarding same; does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML indices or any data included in, related to, or derived therefrom; assumes no liability in connection with the use of the foregoing; and does not sponsor, endorse, or recommend Putnam Investments, or any of its products or services.

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 500 Fund
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 41 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 Absolute Return 500 Fund
Class A
Class B
Class C
Class M
Class P
Class R
Class R6
Class T
Class Y
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)
Annual Fund Operating Expenses - Putnam Absolute Return 500 Fund
Class A
Class B
Class C
Class M
Class P
Class R
Class R6
Class T
Class Y
Management fees [1] 0.59% 0.59% 0.59% 0.59% 0.59% 0.59% 0.59% 0.59% 0.59%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75%   0.50%   0.25%  
Other expenses 0.21% 0.21% 0.21% 0.21% 0.09% 0.21% 0.13% 0.21% [2] 0.21%
Acquired fund fees and expenses 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04%
Total annual fund operating expenses 1.09% 1.84% 1.84% 1.59% 0.72% 1.34% 0.76% 1.09% 0.84%
Expense reimbursement [3] (0.03%) (0.03%) (0.03%) (0.03%) (0.03%) (0.03%) (0.03%) (0.03%) (0.03%)
Total annual fund operating expenses after expense reimbursement 1.06% 1.81% 1.81% 1.56% 0.69% 1.31% 0.73% 1.06% 0.81%
[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 ICE BofAML Treasury Bill Index plus 500 basis points. For the fund's most recent fiscal year, the fund's base management fee prior to any performance adjustment was 0.725%.
[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 2/28/19. This obligation may be modified or discontinued only with approval of the Board of Trustees.
Example
The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.
Expense Example - Putnam Absolute Return 500 Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 677 899 1,138 1,824
Class B 684 875 1,192 1,959
Class C 284 575 992 2,155
Class M 503 831 1,182 2,170
Class P 70 227 397 891
Class R 133 421 731 1,609
Class R6 74 240 419 938
Class T 355 585 833 1,542
Class Y 83 265 462 1,033
Expense Example, No Redemption - Putnam Absolute Return 500 Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 184 575 992 1,959
Class C 184 575 992 2,155
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 496%.
Investments, risks, and performance

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, in the case of bonds, 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), 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 the risk of investing in the fund 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 (a full market cycle, which is generally at least three years but may potentially be significantly longer) of time 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
Bar Chart
Best calendar quarter
Q1 2012   5.31%

Worst calendar quarter
Q3 2011 −4.83%
Average annual total returns after sales charges
(for periods ended 12/31/17)
Average Annual Total Returns - Putnam Absolute Return 500 Fund
1 Year
5 Years
Since Inception
Inception Date
Class A 1.02% 1.98% 3.29% Dec. 23, 2008
Class A | after taxes on distributions (0.02%) 0.97% 2.44% Dec. 23, 2008
Class A | after taxes on distributions and sale of fund shares 0.96% 1.24% 2.32% Dec. 23, 2008
Class B 1.43% 2.07% 3.28% Dec. 23, 2008
Class C 5.42% 2.42% 3.20% Dec. 23, 2008
Class M 2.92% 1.96% 3.05% Dec. 23, 2008
Class P 7.57% [1] 3.49% [1] 4.26% [1] Dec. 23, 2008
Class R 6.99% 2.95% 3.71% Dec. 23, 2008
Class R6 7.60% [1] 3.54% [1] 4.29% [1] Dec. 23, 2008
Class T 4.50% [2] 2.68% [2] 3.68% [2] Dec. 23, 2008
Class Y 7.46% 3.45% 4.23% Dec. 23, 2008
ICE BofAML U.S. Treasury Bill Index (no deduction for fees, expenses or taxes) 0.81% 0.28% 0.24% Dec. 23, 2008
ICE BofAML U.S. Treasury Bill Index plus 500 basis points (no deduction for fees, expenses or taxes) 5.81% 5.28% 5.24% Dec. 23, 2008
Bloomberg Barclays U.S. Aggregate Bond Index (no deduction for fees, expenses or taxes) 3.54% 2.10% 3.89% Dec. 23, 2008
S&P 500 Index (no deduction for fees, expenses or taxes) 21.83% 15.79% 15.81% Dec. 23, 2008
[1] Performance for class R6 shares prior to their inception (7/2/12) and for class P shares prior to their 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, adjusted for the lower initial sales charge currently applicable to class T 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 individual retirement account (IRA), or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.

ICE BofAML Indexes: ICE Data Indices, LLC (“ICE BofAML”), used with permission. ICE BofAML permits use of the ICE BofAML indices and related data on an “as is” basis; makes no warranties regarding same; does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML indices or any data included in, related to, or derived therefrom; assumes no liability in connection with the use of the foregoing; and does not sponsor, endorse, or recommend Putnam Investments, or any of its products or services.

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
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 41 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 Absolute Return 700 Fund
Class A
Class B
Class C
Class M
Class P
Class R
Class R6
Class T
Class Y
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)
Annual Fund Operating Expenses - Putnam Absolute Return 700 Fund
Class A
Class B
Class C
Class M
Class P
Class R
Class R6
Class T
Class Y
Management fees [1] 0.69% 0.69% 0.69% 0.69% 0.69% 0.69% 0.69% 0.69% 0.69%
Distribution and service (12b-1) fees 0.25% 1.00% 1.00% 0.75%   0.50%   0.25%  
Other expenses 0.22% 0.22% 0.22% 0.22% 0.09% 0.22% 0.13% 0.22% [2] 0.22%
Acquired fund fees and expenses 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05%
Total annual fund operating expenses 1.21% 1.96% 1.96% 1.71% 0.83% 1.46% 0.87% 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 ICE BofAML 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 0.875%.
[2] Other expenses are based on expenses of class A 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 $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Expense Example - Putnam Absolute Return 700 Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 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 85 265 460 1,025
Class R 149 462 797 1,746
Class R6 89 278 482 1,073
Class T 370 624 898 1,679
Class Y 98 306 531 1,178
Expense Example, No Redemption - Putnam Absolute Return 700 Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 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 559%.
Investments, risks, and performance

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, in the case of bonds, 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), 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 the risk of investing in the fund 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 (a full market cycle, which is generally at least three years but may potentially be significantly longer) of time 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
Bar Chart
Best calendar quarter
Q1 2012 6.07%

Worst calendar quarter
Q3 2011 −5.81%
Average annual total returns after sales charges
(for periods ended 12/31/17)
Average Annual Total Returns - Putnam Absolute Return 700 Fund
1 Year
5 Years
Since Inception
Inception Date
Class A 3.43% 3.23% 4.63% Dec. 23, 2008
Class A | after taxes on distributions 2.56% 2.04% 3.62% Dec. 23, 2008
Class A | after taxes on distributions and sale of fund shares 2.15% 2.09% 3.29% Dec. 23, 2008
Class B 3.95% 3.36% 4.60% Dec. 23, 2008
Class C 7.96% 3.69% 4.54% Dec. 23, 2008
Class M 5.41% 3.23% 4.35% Dec. 23, 2008
Class P 10.12% [1] 4.77% [1] 5.58% [1] Dec. 23, 2008
Class R 9.44% 4.22% 5.03% Dec. 23, 2008
Class R6 10.13% [1] 4.84% [1] 5.63% [1] Dec. 23, 2008
Class T 7.00% [2] 3.94% [2] 5.02% [2] Dec. 23, 2008
Class Y 10.09% 4.75% 5.57% Dec. 23, 2008
ICE BofAML U.S. Treasury Bill Index (no deduction for fees, expenses or taxes) 0.81% 0.28% 0.24% Dec. 23, 2008
ICE BofAML U.S. Treasury Bill Index plus 700 basis points (no deduction for fees, expenses or taxes) 7.81% 7.28% 7.24% Dec. 23, 2008
Bloomberg Barclays U.S. Aggregate Bond Index (no deduction for fees, expenses, or taxes 3.54% 2.10% 3.89% Dec. 23, 2008
S&P 500 Index (no deduction for fees, expenses or taxes) 21.83% 15.79% 15.81% Dec. 23, 2008
[1] Performance for class R6 shares prior to their inception (7/2/12) and for class P shares prior to their 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, adjusted for the lower initial sales charge currently applicable to class T 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 individual retirement account (IRA), or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.

ICE BofAML Indexes: ICE Data Indices, LLC (“ICE BofAML”), used with permission. ICE BofAML permits use of the ICE BofAML indices and related data on an “as is” basis; makes no warranties regarding same; does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML indices or any data included in, related to, or derived therefrom; assumes no liability in connection with the use of the foregoing; and does not sponsor, endorse, or recommend Putnam Investments, or any of its products or services.

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 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 20 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 Sector Fund
Class A
Class B
Class C
Class M
Class R
Class T
Class Y
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)
Annual Fund Operating Expenses - Putnam Global Sector Fund
Class A
Class B
Class C
Class M
Class R
Class T
Class Y
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 0.96% [1] 0.96% [1] 0.96% [1] 0.96% [1] 0.96% [1] 0.96% [2] 0.96% [1]
Acquired fund fees and expenses 1.02% 1.02% 1.02% 1.02% 1.02% 1.02% 1.02%
Total annual fund operating expenses 2.23% 2.98% 2.98% 2.73% 2.48% 2.23% 1.98%
Expense reimbursement [3] (0.96%) (0.96%) (0.96%) (0.96%) (0.96%) (0.96%) (0.96%)
Total annual fund operating expenses after expense reimbursement 1.27% 2.02% 2.02% 1.77% 1.52% 1.27% 1.02%
[1] Restated to reflect current fees.
[2] Other expenses are based on expenses of class A shares for the fund's last fiscal year, as restated to reflect current fees.
[3] Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through February 28, 2019. This obligation may be modified or discontinued only with approval of the Board of Trustees.
Example
The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.
Expense Example - Putnam Global Sector Fund - USD ($)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class A 697 1,145 1,618 2,922
Class B 705 1,131 1,683 3,054
Class C 305 831 1,483 3,231
Class M 524 1,080 1,662 3,236
Class R 155 681 1,234 2,744
Class T 376 840 1,329 2,677
Class Y 104 528 979 2,229
Expense Example, No Redemption - Putnam Global Sector Fund - USD ($)
Expense Example, No Redemption, 1 Year
Expense Example, No Redemption, 3 Years
Expense Example, No Redemption, 5 Years
Expense Example, No Redemption, 10 Years
Class B 205 831 1,483 3,054
Class C 205 831 1,483 3,231
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 50%.
Investments, risks, and performance

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 (other than Putnam Global Financials Fund, which currently operates as a 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 worldwide 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 and other natural resource 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 12/31/17:

 

Underlying fund Approximate allocation as of 12/31/17
Putnam Global Financials Fund 21.18%
Putnam Global Consumer Fund 21.04%
Putnam Global Technology Fund 16.47%
Putnam Global Natural Resources Fund 11.81%
Putnam Global Industrials Fund 11.71%
Putnam Global Health Care Fund 11.67%
Putnam Global Utilities Fund 2.95%
Putnam Global Telecommunications Fund 2.82%


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 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. 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 the risk of investing in the fund 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
Bar Chart
Best calendar quarter
Q1 2012   13.67%

Worst calendar quarter
Q3 2011 −20.98%
Average annual total returns after sales charges
(for periods ending 12/31/17)
Average Annual Total Returns - Putnam Global Sector Fund
1 Year
5 Years
Since Inception
Inception Date
Class A 16.00% 10.21% 8.60% Mar. 31, 2010
Class A | after taxes on distributions 14.66% 8.18% 6.95% Mar. 31, 2010
Class A | after taxes on distributions and sale of fund shares 9.97% 7.66% 6.58% Mar. 31, 2010
Class B 17.22% 10.41% 8.62% Mar. 31, 2010
Class C 21.22% 10.70% 8.62% Mar. 31, 2010
Class M 18.26% 10.18% 8.40% Mar. 31, 2010
Class R 22.87% 11.26% 9.17% Mar. 31, 2010
Class T 19.99% [1] 10.96% [1] 9.08% [1] Mar. 31, 2010
Class Y 23.53% 11.80% 9.72% Mar. 31, 2010
MSCI World Index (ND) (no deduction for fees, expenses or taxes other than withholding taxes on reinvested dividends) 22.40% 11.64% 9.73% 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, adjusted for the lower initial sales charge currently applicable to class T 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.

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Label Element Value
Risk Return Abstract rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Dec. 31, 2017
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. 27, 2018
Document Effective Date dei_DocumentEffectiveDate Feb. 28, 2018
Prospectus Date rr_ProspectusDate Feb. 28, 2018
Putnam Absolute Return 100 Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund Summaries
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 41 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 256%.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 256.00%
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 41 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, risks, and performance

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), and may be or become illiquid. Our use of derivatives may increase the risks of investing in the fund 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 (a full market cycle, which is generally at least three years but may potentially be significantly longer) of time 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] 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 fund’s 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   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 ended 12/31/17)
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 individual retirement account (IRA), or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.

ICE BofAML Indexes: ICE Data Indices, LLC (“ICE BofAML”), used with permission. ICE BofAML permits use of the ICE BofAML indices and related data on an “as is” basis; makes no warranties regarding same; does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML indices or any data included in, related to, or derived therefrom; assumes no liability in connection with the use of the foregoing; and does not sponsor, endorse, or recommend Putnam Investments, or any of its products or services.

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 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 0.40%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 0.66%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 167
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 309
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 464
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 914
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%
Annual Return 2017 rr_AnnualReturn2017 3.10%
1 Year rr_AverageAnnualReturnYear01 2.07%
5 Years rr_AverageAnnualReturnYear05 1.25%
Since Inception rr_AverageAnnualReturnSinceInception 1.36%
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% [2]
Management fees rr_ManagementFeesOverAssets 0.40%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.45%
Other expenses rr_OtherExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 0.86%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 188
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 1,003
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 88
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 274
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 477
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,003
1 Year rr_AverageAnnualReturnYear01 1.94%
5 Years rr_AverageAnnualReturnYear05 1.25%
Since Inception rr_AverageAnnualReturnSinceInception 1.23%
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% [3]
Management fees rr_ManagementFeesOverAssets 0.40%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 1.41%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 244
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 446
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 771
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,691
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 144
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 446
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 771
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,691
1 Year rr_AverageAnnualReturnYear01 1.31%
5 Years rr_AverageAnnualReturnYear05 0.69%
Since Inception rr_AverageAnnualReturnSinceInception 0.71%
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 0.40%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.30%
Other expenses rr_OtherExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 0.71%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 147
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 300
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 467
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 951
1 Year rr_AverageAnnualReturnYear01 2.39%
5 Years rr_AverageAnnualReturnYear05 1.26%
Since Inception rr_AverageAnnualReturnSinceInception 1.33%
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 0.40%
Other expenses rr_OtherExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 0.41%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 42
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 132
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 230
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 518
1 Year rr_AverageAnnualReturnYear01 3.47% [4]
5 Years rr_AverageAnnualReturnYear05 1.72% [4]
Since Inception rr_AverageAnnualReturnSinceInception 1.73% [4]
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 0.40%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 0.91%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 93
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 290
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 504
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,120
1 Year rr_AverageAnnualReturnYear01 2.90%
5 Years rr_AverageAnnualReturnYear05 1.21%
Since Inception rr_AverageAnnualReturnSinceInception 1.21%
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 0.40%
Other expenses rr_OtherExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 0.41%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 42
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 132
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 230
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 518
1 Year rr_AverageAnnualReturnYear01 3.46% [4]
5 Years rr_AverageAnnualReturnYear05 1.72% [4]
Since Inception rr_AverageAnnualReturnSinceInception 1.73% [4]
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 0.40%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.01% [5]
Total annual fund operating expenses rr_ExpensesOverAssets 0.66%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 67
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 211
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 368
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 822
1 Year rr_AverageAnnualReturnYear01 3.10% [6]
5 Years rr_AverageAnnualReturnYear05 1.45% [6]
Since Inception rr_AverageAnnualReturnSinceInception 1.47% [6]
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 0.40%
Other expenses rr_OtherExpensesOverAssets 0.01%
Total annual fund operating expenses rr_ExpensesOverAssets 0.41%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 42
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 132
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 230
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 518
1 Year rr_AverageAnnualReturnYear01 3.47%
5 Years rr_AverageAnnualReturnYear05 1.72%
Since Inception rr_AverageAnnualReturnSinceInception 1.73%
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 1.09%
5 Years rr_AverageAnnualReturnYear05 0.47%
Since Inception rr_AverageAnnualReturnSinceInception 0.76%
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 1.17%
5 Years rr_AverageAnnualReturnYear05 0.59%
Since Inception rr_AverageAnnualReturnSinceInception 0.80%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008
Putnam Absolute Return 100 Fund | ICE BofAML U.S. Treasury Bill Index (no deduction for fees, expenses or taxes)  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 0.81%
5 Years rr_AverageAnnualReturnYear05 0.28%
Since Inception rr_AverageAnnualReturnSinceInception 0.24%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008
Putnam Absolute Return 100 Fund | ICE BofAML 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 1.81%
5 Years rr_AverageAnnualReturnYear05 1.28%
Since Inception rr_AverageAnnualReturnSinceInception 1.24%
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 3.54%
5 Years rr_AverageAnnualReturnYear05 2.10%
Since Inception rr_AverageAnnualReturnSinceInception 3.89%
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 21.83%
5 Years rr_AverageAnnualReturnYear05 15.79%
Since Inception rr_AverageAnnualReturnSinceInception 15.81%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008
Putnam Absolute Return 300 Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading 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 41 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 742%.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 742.00%
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 41 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, risks, and performance

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), and may be or become illiquid. Our use of derivatives may increase the risks of investing in the fund 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 (a full market cycle, which is generally at least three years but may potentially be significantly longer) of time 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 fund’s 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   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 ended 12/31/17)
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 individual retirement account (IRA), or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.

ICE BofAML Indexes: ICE Data Indices, LLC (“ICE BofAML”), used with permission. ICE BofAML permits use of the ICE BofAML indices and related data on an “as is” basis; makes no warranties regarding same; does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML indices or any data included in, related to, or derived therefrom; assumes no liability in connection with the use of the foregoing; and does not sponsor, endorse, or recommend Putnam Investments, or any of its products or services.

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% [7]
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 (4.374%)
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%
Annual Return 2017 rr_AnnualReturn2017 5.24%
1 Year rr_AverageAnnualReturnYear01 4.19%
5 Years rr_AverageAnnualReturnYear05 2.01%
Since Inception rr_AverageAnnualReturnSinceInception 2.46%
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% [2]
Management fees rr_ManagementFeesOverAssets 0.45% [7]
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 3.99%
5 Years rr_AverageAnnualReturnYear05 2.00%
Since Inception rr_AverageAnnualReturnSinceInception 2.33%
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% [3]
Management fees rr_ManagementFeesOverAssets 0.45% [7]
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 3.50%
5 Years rr_AverageAnnualReturnYear05 1.44%
Since Inception rr_AverageAnnualReturnSinceInception 1.81%
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% [7]
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 4.41%
5 Years rr_AverageAnnualReturnYear05 2.01%
Since Inception rr_AverageAnnualReturnSinceInception 2.42%
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% [7]
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 5.52% [4]
5 Years rr_AverageAnnualReturnYear05 2.47% [4]
Since Inception rr_AverageAnnualReturnSinceInception 2.83% [4]
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% [7]
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 4.96%
5 Years rr_AverageAnnualReturnYear05 1.97%
Since Inception rr_AverageAnnualReturnSinceInception 2.31%
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% [7]
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 5.51% [4]
5 Years rr_AverageAnnualReturnYear05 2.47% [4]
Since Inception rr_AverageAnnualReturnSinceInception 2.84% [4]
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% [7]
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 2.61% [8]
5 Years rr_AverageAnnualReturnYear05 1.70% [8]
Since Inception rr_AverageAnnualReturnSinceInception 2.29% [8]
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% [7]
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 5.53%
5 Years rr_AverageAnnualReturnYear05 2.46%
Since Inception rr_AverageAnnualReturnSinceInception 2.82%
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 2.25%
5 Years rr_AverageAnnualReturnYear05 0.31%
Since Inception rr_AverageAnnualReturnSinceInception 1.25%
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 2.37%
5 Years rr_AverageAnnualReturnYear05 0.75%
Since Inception rr_AverageAnnualReturnSinceInception 1.37%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008
Putnam Absolute Return 300 Fund | ICE BofAML U.S. Treasury Bill Index (no deduction for fees, expenses or taxes)  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 0.81%
5 Years rr_AverageAnnualReturnYear05 0.28%
Since Inception rr_AverageAnnualReturnSinceInception 0.24%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008
Putnam Absolute Return 300 Fund | ICE BofAML 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 3.81%
5 Years rr_AverageAnnualReturnYear05 3.28%
Since Inception rr_AverageAnnualReturnSinceInception 3.24%
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 3.54%
5 Years rr_AverageAnnualReturnYear05 2.10%
Since Inception rr_AverageAnnualReturnSinceInception 3.89%
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 21.83%
5 Years rr_AverageAnnualReturnYear05 15.79%
Since Inception rr_AverageAnnualReturnSinceInception 15.81%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008
Putnam Absolute Return 500 Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading 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] 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 41 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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2-28-2019
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 496%.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 496.00%
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 41 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] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.
Strategy [Heading] rr_StrategyHeading Investments, risks, and performance

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] 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, in the case of bonds, 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), 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 the risk of investing in the fund 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 (a full market cycle, which is generally at least three years but may potentially be significantly longer) of time 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] 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 fund’s 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 ended 12/31/17)
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 individual retirement account (IRA), or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.

ICE BofAML Indexes: ICE Data Indices, LLC (“ICE BofAML”), used with permission. ICE BofAML permits use of the ICE BofAML indices and related data on an “as is” basis; makes no warranties regarding same; does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML indices or any data included in, related to, or derived therefrom; assumes no liability in connection with the use of the foregoing; and does not sponsor, endorse, or recommend Putnam Investments, or any of its products or services.

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 0.59% [9]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.21%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.04%
Total annual fund operating expenses rr_ExpensesOverAssets 1.09%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.03%) [10]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.06%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 677
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 899
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,138
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,824
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%
Annual Return 2017 rr_AnnualReturn2017 7.18%
1 Year rr_AverageAnnualReturnYear01 1.02%
5 Years rr_AverageAnnualReturnYear05 1.98%
Since Inception rr_AverageAnnualReturnSinceInception 3.29%
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 0.59% [9]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.21%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.04%
Total annual fund operating expenses rr_ExpensesOverAssets 1.84%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.03%) [10]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.81%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 684
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 875
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,192
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,959
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 184
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 575
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 992
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,959
1 Year rr_AverageAnnualReturnYear01 1.43%
5 Years rr_AverageAnnualReturnYear05 2.07%
Since Inception rr_AverageAnnualReturnSinceInception 3.28%
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% [3]
Management fees rr_ManagementFeesOverAssets 0.59% [9]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.21%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.04%
Total annual fund operating expenses rr_ExpensesOverAssets 1.84%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.03%) [10]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.81%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 284
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 575
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 992
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,155
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 184
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 575
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 992
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,155
1 Year rr_AverageAnnualReturnYear01 5.42%
5 Years rr_AverageAnnualReturnYear05 2.42%
Since Inception rr_AverageAnnualReturnSinceInception 3.20%
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 0.59% [9]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.21%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.04%
Total annual fund operating expenses rr_ExpensesOverAssets 1.59%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.03%) [10]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.56%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 503
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 831
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,182
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,170
1 Year rr_AverageAnnualReturnYear01 2.92%
5 Years rr_AverageAnnualReturnYear05 1.96%
Since Inception rr_AverageAnnualReturnSinceInception 3.05%
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 0.59% [9]
Other expenses rr_OtherExpensesOverAssets 0.09%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.04%
Total annual fund operating expenses rr_ExpensesOverAssets 0.72%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.03%) [10]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.69%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 70
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 227
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 397
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 891
1 Year rr_AverageAnnualReturnYear01 7.57% [4]
5 Years rr_AverageAnnualReturnYear05 3.49% [4]
Since Inception rr_AverageAnnualReturnSinceInception 4.26% [4]
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 0.59% [9]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.21%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.04%
Total annual fund operating expenses rr_ExpensesOverAssets 1.34%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.03%) [10]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.31%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 133
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 421
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 731
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,609
1 Year rr_AverageAnnualReturnYear01 6.99%
5 Years rr_AverageAnnualReturnYear05 2.95%
Since Inception rr_AverageAnnualReturnSinceInception 3.71%
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 0.59% [9]
Other expenses rr_OtherExpensesOverAssets 0.13%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.04%
Total annual fund operating expenses rr_ExpensesOverAssets 0.76%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.03%) [10]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.73%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 74
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 240
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 419
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 938
1 Year rr_AverageAnnualReturnYear01 7.60% [4]
5 Years rr_AverageAnnualReturnYear05 3.54% [4]
Since Inception rr_AverageAnnualReturnSinceInception 4.29% [4]
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 0.59% [9]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.21% [5]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.04%
Total annual fund operating expenses rr_ExpensesOverAssets 1.09%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.03%) [10]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.06%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 355
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 585
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 833
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,542
1 Year rr_AverageAnnualReturnYear01 4.50% [12]
5 Years rr_AverageAnnualReturnYear05 2.68% [12]
Since Inception rr_AverageAnnualReturnSinceInception 3.68% [12]
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 0.59% [9]
Other expenses rr_OtherExpensesOverAssets 0.21%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.04%
Total annual fund operating expenses rr_ExpensesOverAssets 0.84%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.03%) [10]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.81%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 83
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 265
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 462
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,033
1 Year rr_AverageAnnualReturnYear01 7.46%
5 Years rr_AverageAnnualReturnYear05 3.45%
Since Inception rr_AverageAnnualReturnSinceInception 4.23%
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 (0.02%)
5 Years rr_AverageAnnualReturnYear05 0.97%
Since Inception rr_AverageAnnualReturnSinceInception 2.44%
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 0.96%
5 Years rr_AverageAnnualReturnYear05 1.24%
Since Inception rr_AverageAnnualReturnSinceInception 2.32%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008
Putnam Absolute Return 500 Fund | ICE BofAML U.S. Treasury Bill Index (no deduction for fees, expenses or taxes)  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 0.81%
5 Years rr_AverageAnnualReturnYear05 0.28%
Since Inception rr_AverageAnnualReturnSinceInception 0.24%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008
Putnam Absolute Return 500 Fund | ICE BofAML 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 5.81%
5 Years rr_AverageAnnualReturnYear05 5.28%
Since Inception rr_AverageAnnualReturnSinceInception 5.24%
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 3.54%
5 Years rr_AverageAnnualReturnYear05 2.10%
Since Inception rr_AverageAnnualReturnSinceInception 3.89%
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 21.83%
5 Years rr_AverageAnnualReturnYear05 15.79%
Since Inception rr_AverageAnnualReturnSinceInception 15.81%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008
Putnam Absolute Return 700 Fund  
Risk Return Abstract rr_RiskReturnAbstract  
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 41 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 559%.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 559.00%
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 41 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] 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, risks, and performance

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, in the case of bonds, 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), 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 the risk of investing in the fund 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 (a full market cycle, which is generally at least three years but may potentially be significantly longer) of time 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 fund’s 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 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 rr_PerformanceTableHeading Average annual total returns after sales charges
(for periods ended 12/31/17)
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 individual retirement account (IRA), or another tax-advantaged arrangement.

Class B share performance reflects conversion to class A shares after eight years.

ICE BofAML Indexes: ICE Data Indices, LLC (“ICE BofAML”), used with permission. ICE BofAML permits use of the ICE BofAML indices and related data on an “as is” basis; makes no warranties regarding same; does not guarantee the suitability, quality, accuracy, timeliness, and/or completeness of the ICE BofAML indices or any data included in, related to, or derived therefrom; assumes no liability in connection with the use of the foregoing; and does not sponsor, endorse, or recommend Putnam Investments, or any of its products or services.

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 0.69% [13]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.22%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
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%
Annual Return 2017 rr_AnnualReturn2017 9.74%
1 Year rr_AverageAnnualReturnYear01 3.43%
5 Years rr_AverageAnnualReturnYear05 3.23%
Since Inception rr_AverageAnnualReturnSinceInception 4.63%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008
Putnam Absolute Return 700 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 0.69% [13]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.22%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
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 3.95%
5 Years rr_AverageAnnualReturnYear05 3.36%
Since Inception rr_AverageAnnualReturnSinceInception 4.60%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008
Putnam Absolute Return 700 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% [3]
Management fees rr_ManagementFeesOverAssets 0.69% [13]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.22%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
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 7.96%
5 Years rr_AverageAnnualReturnYear05 3.69%
Since Inception rr_AverageAnnualReturnSinceInception 4.54%
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 0.69% [13]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.22%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
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 5.41%
5 Years rr_AverageAnnualReturnYear05 3.23%
Since Inception rr_AverageAnnualReturnSinceInception 4.35%
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 0.69% [13]
Other expenses rr_OtherExpensesOverAssets 0.09%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
Total annual fund operating expenses rr_ExpensesOverAssets 0.83%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 85
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 $ 1,025
1 Year rr_AverageAnnualReturnYear01 10.12% [4]
5 Years rr_AverageAnnualReturnYear05 4.77% [4]
Since Inception rr_AverageAnnualReturnSinceInception 5.58% [4]
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 0.69% [13]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.22%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
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 9.44%
5 Years rr_AverageAnnualReturnYear05 4.22%
Since Inception rr_AverageAnnualReturnSinceInception 5.03%
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 0.69% [13]
Other expenses rr_OtherExpensesOverAssets 0.13%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
Total annual fund operating expenses rr_ExpensesOverAssets 0.87%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 89
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 278
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 482
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,073
1 Year rr_AverageAnnualReturnYear01 10.13% [4]
5 Years rr_AverageAnnualReturnYear05 4.84% [4]
Since Inception rr_AverageAnnualReturnSinceInception 5.63% [4]
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 0.69% [13]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.22% [5]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
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 7.00% [12]
5 Years rr_AverageAnnualReturnYear05 3.94% [12]
Since Inception rr_AverageAnnualReturnSinceInception 5.02% [12]
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 0.69% [13]
Other expenses rr_OtherExpensesOverAssets 0.22%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
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 10.09%
5 Years rr_AverageAnnualReturnYear05 4.75%
Since Inception rr_AverageAnnualReturnSinceInception 5.57%
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 2.56%
5 Years rr_AverageAnnualReturnYear05 2.04%
Since Inception rr_AverageAnnualReturnSinceInception 3.62%
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 2.15%
5 Years rr_AverageAnnualReturnYear05 2.09%
Since Inception rr_AverageAnnualReturnSinceInception 3.29%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008
Putnam Absolute Return 700 Fund | ICE BofAML U.S. Treasury Bill Index (no deduction for fees, expenses or taxes)  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 0.81%
5 Years rr_AverageAnnualReturnYear05 0.28%
Since Inception rr_AverageAnnualReturnSinceInception 0.24%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008
Putnam Absolute Return 700 Fund | ICE BofAML 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 7.81%
5 Years rr_AverageAnnualReturnYear05 7.28%
Since Inception rr_AverageAnnualReturnSinceInception 7.24%
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 3.54%
5 Years rr_AverageAnnualReturnYear05 2.10%
Since Inception rr_AverageAnnualReturnSinceInception 3.89%
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 rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 21.83%
5 Years rr_AverageAnnualReturnYear05 15.79%
Since Inception rr_AverageAnnualReturnSinceInception 15.81%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008
Putnam Global Sector 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 Global Sector Fund seeks capital appreciation.
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 20 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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2-28-2019
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 50%.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 50.00%
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 20 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] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.
Strategy [Heading] rr_StrategyHeading Investments, risks, and performance

Investments
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock 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 (other than Putnam Global Financials Fund, which currently operates as a 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 worldwide 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 and other natural resource 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 12/31/17:

 

Underlying fund Approximate allocation as of 12/31/17
Putnam Global Financials Fund 21.18%
Putnam Global Consumer Fund 21.04%
Putnam Global Technology Fund 16.47%
Putnam Global Natural Resources Fund 11.81%
Putnam Global Industrials Fund 11.71%
Putnam Global Health Care Fund 11.67%
Putnam Global Utilities Fund 2.95%
Putnam Global Telecommunications Fund 2.82%


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] rr_RiskNarrativeTextBlock 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 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. 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 the risk of investing in the fund 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 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 fund’s 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 12/31/17)
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 0.96% [14]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 1.02%
Total annual fund operating expenses rr_ExpensesOverAssets 2.23%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.96%) [15]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.27%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 697
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,145
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,618
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,922
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%
Annual Return 2017 rr_AnnualReturn2017 23.07%
1 Year rr_AverageAnnualReturnYear01 16.00%
5 Years rr_AverageAnnualReturnYear05 10.21%
Since Inception rr_AverageAnnualReturnSinceInception 8.60%
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 0.96% [14]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 1.02%
Total annual fund operating expenses rr_ExpensesOverAssets 2.98%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.96%) [15]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.02%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 705
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,131
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,683
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,054
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 205
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 831
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,483
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 3,054
1 Year rr_AverageAnnualReturnYear01 17.22%
5 Years rr_AverageAnnualReturnYear05 10.41%
Since Inception rr_AverageAnnualReturnSinceInception 8.62%
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% [3]
Management fees rr_ManagementFeesOverAssets none
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.96% [14]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 1.02%
Total annual fund operating expenses rr_ExpensesOverAssets 2.98%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.96%) [15]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 2.02%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 305
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 831
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,483
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,231
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 205
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 831
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,483
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 3,231
1 Year rr_AverageAnnualReturnYear01 21.22%
5 Years rr_AverageAnnualReturnYear05 10.70%
Since Inception rr_AverageAnnualReturnSinceInception 8.62%
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 0.96% [14]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 1.02%
Total annual fund operating expenses rr_ExpensesOverAssets 2.73%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.96%) [15]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.77%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 524
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,080
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,662
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 3,236
1 Year rr_AverageAnnualReturnYear01 18.26%
5 Years rr_AverageAnnualReturnYear05 10.18%
Since Inception rr_AverageAnnualReturnSinceInception 8.40%
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 0.96% [14]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 1.02%
Total annual fund operating expenses rr_ExpensesOverAssets 2.48%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.96%) [15]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.52%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 155
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 681
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,234
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,744
1 Year rr_AverageAnnualReturnYear01 22.87%
5 Years rr_AverageAnnualReturnYear05 11.26%
Since Inception rr_AverageAnnualReturnSinceInception 9.17%
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 0.96% [16]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 1.02%
Total annual fund operating expenses rr_ExpensesOverAssets 2.23%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.96%) [15]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.27%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 376
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 840
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,329
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,677
1 Year rr_AverageAnnualReturnYear01 19.99% [12]
5 Years rr_AverageAnnualReturnYear05 10.96% [12]
Since Inception rr_AverageAnnualReturnSinceInception 9.08% [12]
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 0.96% [14]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 1.02%
Total annual fund operating expenses rr_ExpensesOverAssets 1.98%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.96%) [15]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.02%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 104
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 528
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 979
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,229
1 Year rr_AverageAnnualReturnYear01 23.53%
5 Years rr_AverageAnnualReturnYear05 11.80%
Since Inception rr_AverageAnnualReturnSinceInception 9.72%
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 14.66%
5 Years rr_AverageAnnualReturnYear05 8.18%
Since Inception rr_AverageAnnualReturnSinceInception 6.95%
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 9.97%
5 Years rr_AverageAnnualReturnYear05 7.66%
Since Inception rr_AverageAnnualReturnSinceInception 6.58%
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 22.40%
5 Years rr_AverageAnnualReturnYear05 11.64%
Since Inception rr_AverageAnnualReturnSinceInception 9.73%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 31, 2010
[1] Applies only to certain redemptions of shares bought with no initial sales charge.
[2] This charge is phased out over two years.
[3] This charge is eliminated after one year.
[4] Performance for class R6 shares prior to their inception (7/2/12) and for class P shares prior to their 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.
[5] Other expenses are based on expenses of class A shares for the fund's last fiscal year.
[6] 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.
[7] 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 ICE BofAML Treasury Bill Index plus 300 basis points. The fund's base management fee prior to any performance adjustment was 0.60%.
[8] 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, adjusted for the higher initial sales charge currently applicable to class T shares.
[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 ICE BofAML Treasury Bill Index plus 500 basis points. For the fund's most recent fiscal year, the fund's base management fee prior to any performance adjustment was 0.725%.
[10] Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through 2/28/19. 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] 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, adjusted for the lower initial sales charge currently applicable to class T shares.
[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 ICE BofAML 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 0.875%.
[14] Restated to reflect current fees.
[15] Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through February 28, 2019. This obligation may be modified or discontinued only with approval of the Board of Trustees.
[16] Other expenses are based on expenses of class A shares for the fund's last fiscal year, as restated to reflect current fees.
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