0000928816-21-000736.txt : 20210630 0000928816-21-000736.hdr.sgml : 20210630 20210630085820 ACCESSION NUMBER: 0000928816-21-000736 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20210630 DATE AS OF CHANGE: 20210630 EFFECTIVENESS DATE: 20210630 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: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 333-00515 FILM NUMBER: 211060533 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 C000071712 Class R C000071713 Class Y C000071714 Class A C000071715 Class B C000071716 Class C C000118006 Class R6 C000174702 Class P Shares 497K 1 a_fiarsumsupp.htm PUTNAM FUNDS TRUST a_fiarsumsupp.htm
Summary Prospectus Supplement   June 30, 2021 
 
Putnam Fixed Income Absolute Return Fund   
Summary Prospectus dated February 28, 2021   

 

Effective June 30, 2021, the section Your fund’s management 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


326669 6/21 

 

 GRAPHIC 3 fiarsumsuppx1x1.jpg GRAPHIC begin 644 fiarsumsuppx1x1.jpg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end