Summary Prospectus Supplement | December 21, 2020 |
Putnam Short Duration Bond Fund | |
Summary Prospectus dated February 29, 2020 |
The following information replaces similar information provided with respect to class A shares of the fund in the Shareholder fees table in the Fees and expenses section:
Maximum deferred sales charge | ||
Maximum sales charge (load) | (load) (as a percentage of original | |
imposed on purchases (as a | purchase price or redemption | |
Share class | percentage of offering price) | proceeds, whichever is lower) |
Class A | 2.25% | 1.00%*, a |
* Applies only to certain redemptions of shares bought with no initial sales charge.
a For purchases on or after January 1, 2021, this percentage will be 0.75%.
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