0000928816-18-000595.txt : 20180321 0000928816-18-000595.hdr.sgml : 20180321 20180321163952 ACCESSION NUMBER: 0000928816-18-000595 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180321 DATE AS OF CHANGE: 20180321 EFFECTIVENESS DATE: 20180321 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM FUNDS TRUST CENTRAL INDEX KEY: 0001005942 IRS NUMBER: 043299786 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-00515 FILM NUMBER: 18704844 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 S000039837 Putnam Low Volatility Equity Fund C000123536 CLASS A C000123537 CLASS B C000123538 CLASS C C000123539 CLASS M C000123540 CLASS Y C000184737 Class T Shares 497 1 a_lowvolsupp.htm PUTNAM LOW VOLATILITY EQUITY FUND a_lowvolsupp.htm
Prospectus Supplement   March 21, 2018 

 
Putnam Low Volatility Equity Fund   
Prospectus dated November 30, 2017   

 

At a meeting held on March 16, 2018, the Board of Trustees of Putnam Low Volatility Equity Fund (the “Fund”) approved a plan to liquidate the Fund upon recommendation by Putnam Investment Management, LLC, the Fund’s investment adviser. The liquidation of the Fund is expected to occur on or about May 18, 2018 (the “Liquidation Date”).

Effective as of May 4, 2018, the Fund will be closed to new purchases, other than the reinvestment of dividends, in anticipation of the liquidation. Shareholders can redeem their shares from the Fund at any time on or before the close of business on May 18, 2018 (the “Record Date”) at the then-current net asset value.

On the Liquidation Date, the Fund will liquidate its remaining assets and distribute cash pro rata to all remaining shareholders as of the Record Date, after the payment of (or provision for) all charges, taxes, expenses and liabilities, whether due or accrued or anticipated of the Fund, who have not previously redeemed all of their shares or exchanged their Fund shares of another Putnam fund.

Shareholders should consult their tax advisors about the tax implications of the liquidation of the Fund.


310791 3/18 

 

GRAPHIC 3 lowvolsuppx1x1.jpg GRAPHIC begin 644 lowvolsuppx1x1.jpg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end