offer an alternative to more traditional stock, bond, or balanced funds. An absolute return strategy is independent of traditional benchmarks such as the S&P 500 Index or the Barclays U.S. Aggregate Bond Index, and has it the freedom to invest in a wide variety of securities as well as a variety of strategies to hedge specific types of risk. The funds may have lower volatility over time and may to operate independently of market direction.

We offer a choice of absolute return funds that pursue their strategies with fixed-income and multi-asset approaches.

The funds can provide investment diversification as an anchor to any portfolio, and serve as a complement to traditional relative return funds.

Putnam portfolio managers have experience in managing absolute return strategies over multiple market cycles.

Build a diversified portfolio of funds.Talk to an advisor

For more information on these funds and the potential risks of investing, please click on the fund names. You can lose money investing in a mutual fund.

The funds are not intended to outperform stocks and bonds during strong market rallies. S&P 500 Index is an unmanaged index of common stock performance. Barclays U.S. Aggregate Bond Index is an unmanaged index of U.S. investment-grade fixed-income securities. You cannot invest directly in an index.

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For informational purposes only. Not an investment recommendation.

Shares of mutual funds are not deposits of, or guaranteed or endorsed by, any financial institution; are not insured by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, or any other agency; and involve risk, including the possible loss of the principal amount invested.

The mutual funds, investment products, and services listed on this site generally are not available for sale outside of the United States. The information presented is neither a solicitation nor an offer to sell these products to investors who are not U.S. persons.

Putnam 529 for America is sponsored by the State of Nevada, acting through the Trustees of the College Savings Plans of Nevada and the Nevada College Savings Trust Fund. Anyone may invest in the plan and use the proceeds to attend school in any state.Before investing, consider whether your states plan or that of your beneficiary offers state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that may not be available through Putnam 529 for America.If you withdraw money for something other than qualified higher education expenses, you will owe federal income tax and may face a 10% federal tax penalty on earnings. Consult a tax advisor.

You should carefully consider the investment objectives, risks, charges, and expenses of the plan before investing. For an offering statement containing this and other information about Putnam 529 for America, call Putnams dedicated 529 hotline at1-. You should read the offering statement carefully before investing.Putnam Retail Management, principal underwriter and distributor. Putnam Investment Management, investment manager.

Putnam funds may, at times, invest in the Putnam Cash Collateral Pool, LLC.View more information about this fund.

Your financial advisor can help you decide which investments are suited to your goals. Putnams wide array of choices includesmutual fundssuch asPutnam Equity Income FundandPutnam Diversified Income Trust, as well as products that seek to reduce volatility, such asPutnam Absolute Return Funds; funds that pursue opportunities beyond traditional benchmarks, such asPutnam Spectrum Funds; and funds that seek to diversify sources of risk, such asPutnam Dynamic Risk Allocation Fund. Check out ourSite Mapto learn more.

Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, contact your financial representative, call Putnam at, or click on theprospectus sectionto view or download a prospectus. Please read the prospectus carefully before investing.

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