X0101 EFFECT 33 LIVE 2022-09-09 11:55:00

N-14

0000914209 PUTNAM ASSET ALLOCATION FUNDS 333-266242 0000914209 PUTNAM ASSET ALLOCATION FUNDS S000067964 Putnam Multi-Asset Income Fund C000217944 Class P Shares 0001005942 PUTNAM FUNDS TRUST S000024276 Putnam Multi-Asset Absolute Return Fund C000174703 Class P Shares 0000914209 PUTNAM ASSET ALLOCATION FUNDS S000067964 Putnam Multi-Asset Income Fund C000236748 Class Y Shares 0001005942 PUTNAM FUNDS TRUST S000024276 Putnam Multi-Asset Absolute Return Fund C000071722 Class Y 0000914209 PUTNAM ASSET ALLOCATION FUNDS S000067964 Putnam Multi-Asset Income Fund C000236749 Class R6 Shares 0001005942 PUTNAM FUNDS TRUST S000024276 Putnam Multi-Asset Absolute Return Fund C000118008 Class R6 0000914209 PUTNAM ASSET ALLOCATION FUNDS S000067964 Putnam Multi-Asset Income Fund C000236750 Class A Shares 0001005942 PUTNAM FUNDS TRUST S000024276 Putnam Multi-Asset Absolute Return Fund C000071717 Class A 0000914209 PUTNAM ASSET ALLOCATION FUNDS S000067964 Putnam Multi-Asset Income Fund C000236750 Class A Shares 0001005942 PUTNAM FUNDS TRUST S000024276 Putnam Multi-Asset Absolute Return Fund C000071718 Class B 0000914209 PUTNAM ASSET ALLOCATION FUNDS S000067964 Putnam Multi-Asset Income Fund C000236751 Class R Shares 0001005942 PUTNAM FUNDS TRUST S000024276 Putnam Multi-Asset Absolute Return Fund C000071721 Class R 0000914209 PUTNAM ASSET ALLOCATION FUNDS S000067964 Putnam Multi-Asset Income Fund C000236752 Class C Shares 0001005942 PUTNAM FUNDS TRUST S000024276 Putnam Multi-Asset Absolute Return Fund C000071719 Class C