0000928816-18-000968.txt : 20180511 0000928816-18-000968.hdr.sgml : 20180511 20180511075108 ACCESSION NUMBER: 0000928816-18-000968 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 15 FILED AS OF DATE: 20180511 DATE AS OF CHANGE: 20180511 EFFECTIVENESS DATE: 20180511 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: 18824925 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: 18824926 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 S000024275 Putnam Fixed Income Absolute Return 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 Multi-Asset Absolute Return 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 485BPOS 1 a_pftcover.htm PUTNAM FUNDS TRUST

  As filed with the Securities and Exchange Commission on  
 

May 11, 2018

 
     
  Registration No. 333-515
  811-07513
   
  SECURITIES AND EXCHANGE COMMISSION  
  WASHINGTON, D.C. 20549  
     
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  FORM N-1A  
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  REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 / X /
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  Pre-Effective Amendment No. / /
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    ----
  Post-Effective Amendment No. 282 / X /
  and ----
    ----
  REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY / X /
  ACT OF 1940 ----
    ----
  Amendment No. 283 / 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)  
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/ X / on on April 30, 2018 pursuant to paragraph (b)  
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----    
/ / 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.  
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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)  
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Copy to:  
     
BRYAN CHEGWIDDEN, Esquire  
ROPES & GRAY LLP  
1211 Avenue of the Americas  
New York, New York 10036  
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This Post-Effective Amendment relates solely to the Registrant's Putnam Fixed Income Absolute Return Fund and Putnam Multi-Asset Absolute 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 11th day of May, 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
  May 11, 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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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. <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. 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. <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. Year-to-date performance<br /> <b>through 3/31/18</b>&#160;&#160; 1.55% <br /> <br /> Best calendar quarter<br /> <b>Q1 2012</b>&#160;&#160; 3.36% <br /><br />Worst calendar quarter<br /> <b>Q3 2011&#160;</b>&#8722;4.09% Year-to-date performance<br /> <b>through 3/31/18</b>&#160;&#8722;3.36% <br /> <br /> Best calendar quarter<br /> <b>Q1 2012</b>&#160;&#160; 6.07% <br /><br />Worst calendar quarter<br /> <b>Q3 2011&#160;</b>&#160;&#8722;5.81% Best calendar quarter Best calendar quarter Worst calendar quarter Worst calendar quarter <b>Average annual total returns after sales charges </b><i>(for periods ending 12/31/17)</i> <b>Average annual total returns after sales charges </b><i>(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. 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. Putnam Fixed Income Absolute Return Fund seeks positive total return. Putnam Multi-Asset Absolute Return Fund seeks positive total return. 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 <i>How do I buy fund shares? </i>beginning on page 18 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 <i>How do I buy fund shares? </i>beginning on page 21 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 <i>How do I buy fund shares? </i>beginning on page 18 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 <i>How do I buy fund shares? </i>beginning on page 21 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 50000 0.0100 0 0 0.0075 0 0 0 0.0250 0 0.0575 0 0 0.0350 0 0 0 0.0250 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 <div style="display: none">~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact PFT_S000024275Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact PFT_S000024276Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> 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 0.0025 0.0045 0.0100 0.0030 0.0050 0.0025 0.0025 0.0100 0.0100 0.0075 0.0050 0.0025 0.0070 0.0090 0.0145 0.0075 0.0045 0.0095 0.0045 0.0070 0.0045 0.0108 0.0183 0.0183 0.0158 0.0071 0.0133 0.0075 0.0108 0.0083 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. <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024275Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact PFT_S000024276Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> 962 1051 1735 998 567 1166 567 1099 567 1816 1950 2147 2162 882 1601 929 1533 1024 486 498 792 489 252 525 252 630 252 1135 1189 989 1179 394 728 416 830 460 322 287 459 313 144 303 144 468 144 898 875 575 830 226 420 239 584 264 171 192 248 151 46 97 46 320 46 678 685 285 504 72 134 76 356 84 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 559%. 7.42 5.59 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 /> Under normal circumstances, the fund will invest at least 80% of its net assets in fixed-income securities (fixed-income securities include any debt instrument, and may be represented by other investment instruments, including derivatives). This policy may be changed only after 60 days&#8217; notice to shareholders. 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 /> 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. 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. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. 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. 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. 0.0823 0.1442 0.0310 0.0354 -0.0437 0.0051 0.0563 0.0775 0.0435 0.0591 0.0153 0.0595 -0.0191 -0.0165 0.0201 0.0271 0.0524 0.0974 Year-to-date performance Year-to-date performance 2018-03-31 2018-03-31 0.0155 -0.0336 2012-03-31 2012-03-31 0.0336 0.0607 2011-09-30 2011-09-30 -0.0409 -0.0581 <div style="display: none">~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column dei_LegalEntityAxis compact PFT_S000024275Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column dei_LegalEntityAxis compact PFT_S000024276Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024275Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact PFT_S000024276Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024275Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column period compact * column dei_LegalEntityAxis compact PFT_S000024276Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> 1051 1735 1950 2147 498 792 989 989 287 459 575 575 92 148 185 185 0.0201 0.0200 0.0144 0.0201 0.0247 0.0197 0.0247 0.0170 0.0246 0.0323 0.0336 0.0369 0.0323 0.0477 0.0422 0.0484 0.0394 0.0475 0.0031 0.0075 0.0210 0.1579 0.0028 0.0328 0.0204 0.0209 0.1579 0.0028 0.0528 0.0210 0.0419 0.0399 0.0350 0.0441 0.0552 0.0496 0.0551 0.0261 0.0553 0.0343 0.0395 0.0796 0.0541 0.1012 0.0944 0.1013 0.0700 0.1009 0.0225 0.0237 0.0354 0.2183 0.0081 0.0381 0.0256 0.0215 0.2183 0.0081 0.0581 0.0354 <div style="display: none">~ http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact PFT_S000024275Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact PFT_S000024276Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> 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 /> 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.<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 /> ICE BofAML U.S. Treasury Bill Index tracks the performance of U.S. dollar denominated U.S. Treasury bills, which represent obligations of the U.S. Government having a maturity of one year or less, and is intended as an approximate measure of the rate of inflation. ICE BofAML U.S. Treasury Bill Index +&#160;3.00% is the benchmark and hurdle rate for the performance adjustment component of the fund&#8217;s management fee. 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 /> 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.<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 /> ICE BofAML U.S. Treasury Bill Index tracks the performance of U.S. dollar denominated U.S. Treasury bills, which represent obligations of the U.S. Government having a maturity of one year or less, and is intended as an approximate measure of the rate of inflation. ICE BofAML U.S. Treasury Bill Index +&#160;5.00% is the benchmark and hurdle rate for the performance adjustment component of the fund&#8217;s management fee. 0.0019 0.0019 0.0019 0.0019 0.0007 0.0019 0.0011 0.0019 0.0019 0.0005 0.0005 0.0005 0.0005 0.0005 0.0005 0.0005 0.0005 0.0005 -0.0001 -0.0001 -0.0001 -0.0001 -0.0001 -0.0001 -0.0001 -0.0001 -0.0001 0.0107 0.0182 0.0182 0.0157 0.0070 0.0132 0.0074 0.0107 0.0082 April 30, 2019 0.0246 0.0233 0.0181 0.0242 0.0283 0.0231 0.0284 0.0229 0.0282 0.0463 0.0460 0.0454 0.0435 0.0558 0.0503 0.0563 0.0502 0.0557 0.0125 0.0137 0.0389 0.1581 0.0024 0.0324 0.0362 0.0329 0.1581 0.0024 0.0524 0.0389 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 2008-12-23 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. 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 U.S. Treasury Bill Index plus 300 basis points. The fund's base management fee prior to any performance adjustment was 0.60%. 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, 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. This charge is phased out over six years. Restated to reflect current fees. Other expenses are based on expenses of class A shares for the fund.s last fiscal year. Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through April 30, 2019. 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 U.S. Treasury Bill Index plus 500 basis points. 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2016 Annual Return 2017 Annual Return 2018 Annual Return 2019 Annual Return 2020 Label 1 Year 5 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 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Putnam Fixed Income Absolute Return Fund*
* Prior to April 30, 2018, the fund was known as Putnam Absolute Return 300 Fund.


Fund Summary
Goal
Putnam Fixed Income Absolute Return Fund seeks positive total return.
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 18 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 Fixed Income Absolute Return 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 Fixed Income Absolute Return 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 U.S. 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 $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Your actual costs may be higher or lower.
Expense Example - Putnam Fixed Income Absolute Return Fund - USD ($)
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 Fixed Income Absolute Return 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.

Under normal circumstances, the fund will invest at least 80% of its net assets in fixed-income securities (fixed-income securities include any debt instrument, and may be represented by other investment instruments, including derivatives). This policy may be changed only after 60 days’ notice to shareholders. 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.
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. 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
Year-to-date performance
through 3/31/18   1.55%

Best calendar quarter
Q1 2012   3.36%

Worst calendar quarter
Q3 2011 −4.09%
Average annual total returns after sales charges (for periods ending 12/31/17)
Average Annual Total Returns - Putnam Fixed Income Absolute Return 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 [1] 5.52% 2.47% 2.83% Dec. 23, 2008
Class R 4.96% 1.97% 2.31% Dec. 23, 2008
Class R6 [1] 5.51% 2.47% 2.84% Dec. 23, 2008
Class T [2] 2.61% 1.70% 2.29% Dec. 23, 2008
Class Y 5.53% 2.46% 2.82% 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
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
[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.

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.

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.

ICE BofAML U.S. Treasury Bill Index tracks the performance of U.S. dollar denominated U.S. Treasury bills, which represent obligations of the U.S. Government having a maturity of one year or less, and is intended as an approximate measure of the rate of inflation. ICE BofAML U.S. Treasury Bill Index + 3.00% is the benchmark and hurdle rate for the performance adjustment component of the fund’s management fee.
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Putnam Multi-Asset Absolute Return Fund*
* Prior to April 30, 2018, the fund was known as Putnam Absolute Return 700 Fund.


Fund Summary
Goal
Putnam Multi-Asset Absolute Return Fund seeks positive total return.
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 21 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 Multi-Asset Absolute Return 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 Multi-Asset Absolute Return Fund
Class A
Class B
Class C
Class M
Class P
Class R
Class R6
Class T
Class Y
Management fees [1],[2] 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 0.19% 0.19% 0.19% 0.19% 0.07% 0.19% 0.11% 0.19% [3] 0.19%
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 1.08% 1.83% 1.83% 1.58% 0.71% 1.33% 0.75% 1.08% 0.83%
Expense reimbursement [4] (0.01%) (0.01%) (0.01%) (0.01%) (0.01%) (0.01%) (0.01%) (0.01%) (0.01%)
Total annual fund operating expenses after expense reimbursement 1.07% 1.82% 1.82% 1.57% 0.70% 1.32% 0.74% 1.07% 0.82%
[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 U.S. Treasury Bill Index plus 500 basis points.
[2] Restated to reflect current fees.
[3] Other expenses are based on expenses of class A shares for the fund.s last fiscal year.
[4] Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through April 30, 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 $10,000 in the fund for the time periods indicated and then, except as indicated, redeem all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.
Expense Example - Putnam Multi-Asset Absolute Return Fund - USD ($)
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 678 898 1,135 1,816
Class B 685 875 1,189 1,950
Class C 285 575 989 2,147
Class M 504 830 1,179 2,162
Class P 72 226 394 882
Class R 134 420 728 1,601
Class R6 76 239 416 929
Class T 356 584 830 1,533
Class Y 84 264 460 1,024
Expense Example, No Redemption - Putnam Multi-Asset Absolute Return 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 185 575 989 1,950
Class C 185 575 989 2,147
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.
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. 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
Year-to-date performance
through 3/31/18 −3.36%

Best calendar quarter
Q1 2012   6.07%

Worst calendar quarter
Q3 2011  −5.81%
Average annual total returns after sales charges (for periods ending 12/31/17)
Average Annual Total Returns - Putnam Multi-Asset Absolute Return 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 [1] 10.12% 4.77% 5.58% Dec. 23, 2008
Class R 9.44% 4.22% 5.03% Dec. 23, 2008
Class R6 [1] 10.13% 4.84% 5.63% Dec. 23, 2008
Class T [2] 7.00% 3.94% 5.02% Dec. 23, 2008
Class Y 10.09% 4.75% 5.57% 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
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
[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.

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.

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.

ICE BofAML U.S. Treasury Bill Index tracks the performance of U.S. dollar denominated U.S. Treasury bills, which represent obligations of the U.S. Government having a maturity of one year or less, and is intended as an approximate measure of the rate of inflation. ICE BofAML U.S. Treasury Bill Index + 5.00% is the benchmark and hurdle rate for the performance adjustment component of the fund’s management fee.

XML 12 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
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 Apr. 27, 2018
Document Effective Date dei_DocumentEffectiveDate Apr. 30, 2018
Prospectus Date rr_ProspectusDate Apr. 30, 2018
Putnam Fixed Income Absolute Return Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading * Prior to April 30, 2018, the fund was known as Putnam Absolute Return 300 Fund.


Fund Summary
Objective [Heading] rr_ObjectiveHeading Goal
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Putnam Fixed Income Absolute Return Fund seeks positive total return.
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 18 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 18 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.

Under normal circumstances, the fund will invest at least 80% of its net assets in fixed-income securities (fixed-income securities include any debt instrument, and may be represented by other investment instruments, including derivatives). This policy may be changed only after 60 days’ notice to shareholders. 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.
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. 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 Year-to-date performance
through 3/31/18   1.55%

Best calendar quarter
Q1 2012   3.36%

Worst calendar quarter
Q3 2011 −4.09%
Year to Date Return, Label rr_YearToDateReturnLabel Year-to-date performance
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Mar. 31, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 1.55%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best calendar quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2012
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 3.36%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst calendar quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (4.09%)
Performance Table Heading rr_PerformanceTableHeading Average annual total returns after sales charges (for periods ending 12/31/17)
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.

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.

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.

ICE BofAML U.S. Treasury Bill Index tracks the performance of U.S. dollar denominated U.S. Treasury bills, which represent obligations of the U.S. Government having a maturity of one year or less, and is intended as an approximate measure of the rate of inflation. ICE BofAML U.S. Treasury Bill Index + 3.00% is the benchmark and hurdle rate for the performance adjustment component of the fund’s management fee.
Putnam Fixed Income Absolute Return 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% [2]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Total annual fund operating expenses rr_ExpensesOverAssets 0.70%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 171
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 322
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 486
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 962
Annual Return 2009 rr_AnnualReturn2009 8.23%
Annual Return 2010 rr_AnnualReturn2010 3.10%
Annual Return 2011 rr_AnnualReturn2011 (4.37%)
Annual Return 2012 rr_AnnualReturn2012 5.63%
Annual Return 2013 rr_AnnualReturn2013 4.35%
Annual Return 2014 rr_AnnualReturn2014 1.53%
Annual Return 2015 rr_AnnualReturn2015 (1.91%)
Annual Return 2016 rr_AnnualReturn2016 2.01%
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 Fixed Income Absolute Return Fund | Class B  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 1.00% [3]
Management fees rr_ManagementFeesOverAssets 0.45% [2]
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 Fixed Income Absolute Return Fund | Class C  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 1.00% [4]
Management fees rr_ManagementFeesOverAssets 0.45% [2]
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 Fixed Income Absolute Return 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% [2]
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 Fixed Income Absolute Return 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% [2]
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% [5]
5 Years rr_AverageAnnualReturnYear05 2.47% [5]
Since Inception rr_AverageAnnualReturnSinceInception 2.83% [5]
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008 [5]
Putnam Fixed Income Absolute Return 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% [2]
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 Fixed Income Absolute Return 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% [2]
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% [5]
5 Years rr_AverageAnnualReturnYear05 2.47% [5]
Since Inception rr_AverageAnnualReturnSinceInception 2.84% [5]
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008 [5]
Putnam Fixed Income Absolute Return 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% [2]
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% [6]
5 Years rr_AverageAnnualReturnYear05 1.70% [6]
Since Inception rr_AverageAnnualReturnSinceInception 2.29% [6]
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008 [6]
Putnam Fixed Income Absolute Return 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% [2]
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 Fixed Income Absolute Return 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 Fixed Income Absolute Return 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 Fixed Income Absolute Return 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 Fixed Income Absolute Return 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 Fixed Income Absolute Return 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 Fixed Income Absolute Return 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 Multi-Asset Absolute Return Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading * Prior to April 30, 2018, the fund was known as Putnam Absolute Return 700 Fund.


Fund Summary
Objective [Heading] rr_ObjectiveHeading Goal
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Putnam Multi-Asset Absolute Return Fund seeks positive total return.
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 21 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 April 30, 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 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 21 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, 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.
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. 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 Year-to-date performance
through 3/31/18 −3.36%

Best calendar quarter
Q1 2012   6.07%

Worst calendar quarter
Q3 2011  −5.81%
Year to Date Return, Label rr_YearToDateReturnLabel Year-to-date performance
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Mar. 31, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn (3.36%)
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 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 individual retirement account (IRA), or another tax-advantaged arrangement.

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

The Bloomberg Barclays U.S. Aggregate Bond Index and the S&P 500 Index are broad measures of market performance. Securities in the fund do not match those in the indexes and the performance of the fund will differ.

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.

ICE BofAML U.S. Treasury Bill Index tracks the performance of U.S. dollar denominated U.S. Treasury bills, which represent obligations of the U.S. Government having a maturity of one year or less, and is intended as an approximate measure of the rate of inflation. ICE BofAML U.S. Treasury Bill Index + 5.00% is the benchmark and hurdle rate for the performance adjustment component of the fund’s management fee.
Putnam Multi-Asset Absolute Return 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% [7],[8]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.19%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
Total annual fund operating expenses rr_ExpensesOverAssets 1.08%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.01%) [9]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.07%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 678
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 898
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,135
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,816
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 Multi-Asset Absolute Return 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% [10]
Management fees rr_ManagementFeesOverAssets 0.59% [7],[8]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.19%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
Total annual fund operating expenses rr_ExpensesOverAssets 1.83%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.01%) [9]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.82%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 685
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 875
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,189
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,950
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 185
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 575
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 989
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,950
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 Multi-Asset Absolute Return Fund | Class C  
Risk Return Abstract rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 1.00% [4]
Management fees rr_ManagementFeesOverAssets 0.59% [7],[8]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other expenses rr_OtherExpensesOverAssets 0.19%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
Total annual fund operating expenses rr_ExpensesOverAssets 1.83%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.01%) [9]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.82%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 285
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 575
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 989
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,147
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 185
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 575
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 989
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,147
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 Multi-Asset Absolute Return 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% [7],[8]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.75%
Other expenses rr_OtherExpensesOverAssets 0.19%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
Total annual fund operating expenses rr_ExpensesOverAssets 1.58%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.01%) [9]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.57%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 504
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 830
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,179
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,162
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 Multi-Asset Absolute Return 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% [7],[8]
Other expenses rr_OtherExpensesOverAssets 0.07%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
Total annual fund operating expenses rr_ExpensesOverAssets 0.71%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.01%) [9]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.70%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 72
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 226
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 394
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 882
1 Year rr_AverageAnnualReturnYear01 10.12% [5]
5 Years rr_AverageAnnualReturnYear05 4.77% [5]
Since Inception rr_AverageAnnualReturnSinceInception 5.58% [5]
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008 [5]
Putnam Multi-Asset Absolute Return 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% [7],[8]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.19%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
Total annual fund operating expenses rr_ExpensesOverAssets 1.33%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.01%) [9]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.32%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 134
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 420
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 728
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,601
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 Multi-Asset Absolute Return 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% [7],[8]
Other expenses rr_OtherExpensesOverAssets 0.11%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
Total annual fund operating expenses rr_ExpensesOverAssets 0.75%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.01%) [9]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.74%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 76
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 239
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 416
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 929
1 Year rr_AverageAnnualReturnYear01 10.13% [5]
5 Years rr_AverageAnnualReturnYear05 4.84% [5]
Since Inception rr_AverageAnnualReturnSinceInception 5.63% [5]
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 23, 2008 [5]
Putnam Multi-Asset Absolute Return 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% [7],[8]
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.19% [11]
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
Total annual fund operating expenses rr_ExpensesOverAssets 1.08%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.01%) [9]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 1.07%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 356
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 584
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 830
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,533
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 [12]
Putnam Multi-Asset Absolute Return 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% [7],[8]
Other expenses rr_OtherExpensesOverAssets 0.19%
Acquired fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
Total annual fund operating expenses rr_ExpensesOverAssets 0.83%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.01%) [9]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.82%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 84
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 264
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 460
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,024
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 Multi-Asset Absolute Return 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 Multi-Asset Absolute Return 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 Multi-Asset Absolute Return 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 Multi-Asset Absolute Return 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 Multi-Asset Absolute Return 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 Multi-Asset Absolute Return 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
[1] Applies only to certain redemptions of shares bought with no initial sales charge.
[2] Management fees reflect a performance adjustment. The fund's base management fee is subject to adjustment, up or down, based on the fund's performance relative to the fund's target, which is the performance of the ICE BofAML U.S. Treasury Bill Index plus 300 basis points. The fund's base management fee prior to any performance adjustment was 0.60%.
[3] This charge is phased out over two years.
[4] This charge is eliminated after one year.
[5] 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.
[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, adjusted for the higher initial sales charge currently applicable to class T 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 U.S. Treasury Bill Index plus 500 basis points.
[8] Restated to reflect current fees.
[9] Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through April 30, 2019. This obligation may be modified or discontinued only with approval of the Board of Trustees.
[10] This charge is phased out over six years.
[11] Other expenses are based on expenses of class A shares for the fund.s last fiscal year.
[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.
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