Why Putnam Absolute Return Funds:
Pursue a consistent return target with fewer ups and downs than financial markets Cumulative performance of class A shares at NAV vs. Treasury bills and the S&P 500, December 23,2008 (inception) through June 30, 2010
Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or a loss when you sell your shares. The class A share performance shown assumes reinvestment of distributions and does not account for taxes. After-sales-charge returns reflect a maximum load of 5.75% for Putnam Absolute Return 500 and 700 Funds, and 1.00% for Putnam Absolute Return 100 and 300 Funds. A short-term trading fee of 1% may apply to redemptions or exchanges from certain funds within the time period specified in the fund's prospectus. The BofA Merrill Lynch U.S. Treasury Bill Index is an unmanaged index that tracks the performance of U.S. dollar denominated U.S. Treasury bills publicly issued in the U.S. domestic market. The S&P 500 Index is an unmanaged index of common stock performance. You cannot invest directly in an index. The short-term results of a relatively new fund are not necessarily indicative of its long-term prospects. To obtain the most recent month-end performance, visit putnam.com. Risk: Standard deviation (1 year as of 6/30/10) measures how widely a set of values varies from the mean, and represents the historical volatility of an investment portfolio.
Manager Insight Second quarter Q&A with the portfolio managers
Can you describe the financial market volatility in the second quarter? Absolute Return blog Absolute Return experts and portfolio managers comment on current market topics and long-term portfolio ideas. absolutereturnblog.comFund resources Combined fact sheet for all four funds
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