497 1 a_fiarsupp.htm PUTNAM FUNDS TRUST a_fiarsupp.htm
Prospectus Supplement   June 30, 2021 
 
Putnam Fixed Income Absolute Return Fund   
Prospectus dated February 28, 2021   

 

Effective June 30, 2021, the sub-section Your fund’s management in the section Fund summary is replaced in its entirety with the following:

Your fund’s management

Investment advisor

Putnam Investment Management, LLC

Portfolio managers

Albert Chan, Head of Portfolio Construction, portfolio manager of the fund since 2017

Michael Salm, Co-Chief Investment Officer, Fixed Income, portfolio manager of the fund since 2008

Paul Scanlon, Co-Head Corporate and Tax-exempt Credit, portfolio manager of the fund since 2008

Sub-advisors

Putnam Investments Limited*

The Putnam Advisory Company, LLC*

* Though the investment advisor has retained the services of both Putnam Investments Limited (PIL) and The Putnam Advisory Company, LLC (PAC), PIL and PAC do not currently manage any assets of the fund.

 

 

Effective June 30, 2021, the sub-section The fund’s investment manager – Portfolio managers in the section Who oversees and manages the fund? is replaced in its entirety with the following:

Portfolio managers. The officers of Putnam Management identified below are jointly and primarily responsible for the day-to-day management of the fund’s portfolio.

       
Portfolio  Joined     
managers  fund  Employer  Positions over past five years 
Albert Chan  2017  Putnam Management  Head of Portfolio Construction 
    2002–Present  Previously, Portfolio Manager 
Michael Salm  2008  Putnam Management  Co-Chief Investment Officer, 
    1997–Present  Fixed Income 
      Previously, Co-Head of Fixed 
      Income 
Paul Scanlon  2008  Putnam Management  Co-Head Corporate and 
    1999–Present  Tax-exempt Credit 
      Previously, Co-Head of Fixed 
      Income 

 

The SAI provides information about these individuals’ compensation, other accounts managed by these individuals and these individuals’ ownership of securities in the fund.

 


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