Putnam Investments 

One Post Office Square 

Boston, MA 02109 

May 3, 2018 

Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549

RE:	Putnam Fixed Income Absolute Return Fund and Putnam Multi-Asset Absolute Return Fund (the
	“Funds”), each a series of Putnam Funds Trust (Reg. No. 33-515) (811-07513) Post-Effective Amendment
	No. 281 to Registration Statement on Form N-1A

Ladies and Gentlemen:

Pursuant to Rule 497(j) under the Securities Act of 1933, as amended, the Funds hereby certify that the form of Prospectus and Statement of Additional Information that would have been filed on behalf of the Funds pursuant to Rule 497(c) upon the effectiveness of Post-Effective Amendment No. 281 to the Funds’ Registration Statement on Form N-1A (the “Amendment”) would not have differed from that contained in the Amendment, which is the most recent amendment to such Registration Statement and was filed electronically on April 27, 2018.

Comments or questions concerning this certificate may be directed to Caitlin Robinson at 1-800-225-2465, ext. 10044.

	Very truly yours,
	Putnam Fixed Income Absolute Return Fund
	Putnam Multi-Asset Absolute Return Fund
By:	/s/ Jonathan S. Horwitz
	Jonathan S. Horwitz
	Executive Vice President, Principal Executive
	Officer and Compliance Liaison

cc:	James E. Thomas, Esq.
	Ropes & Gray LLP