Summary Prospectus Supplement | June 10, 2013 |
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In the summary prospectus for each fund listed below, the section Fees and expenses is supplemented to reflect that the 1.00% short-term trading fee (also known as a redemption fee) described in the prospectus will no longer apply, effective for shares purchased on or after June 24, 2013.
Putnam Capital | Putnam |
Opportunities Fund | High Yield Trust |
Putnam Capital | Putnam International Capital |
Spectrum Fund | Opportunities Fund |
Putnam Convertible | Putnam Small Cap |
Securities Fund | Growth Fund |
Putnam Equity Spectrum Fund | Putnam Small Cap Value Fund |
Putnam Floating Rate | Putnam Tax-Free |
Income Fund | High Yield Fund |
Putnam High Yield | |
Advantage Fund |
282224 6/13 |