Why Putnam Voyager Fund?

Portfolio Manager Nick Thakore has navigated the large-cap growth market for nearly two decades
The fund is backed by analysts with extensive sector knowledge and years of experience covering the industries they follow
Using a price-conscious approach, Nick Thakore seeks not only companies poised to grow faster than their peers, but also companies that are trading at attractive valuations

Annualized total return performance as of 12/31/11

Class A shares inception 4/1/69	Before sales charge	After sales charge	Russell 1000 Growth Index
1 year	-17.76%	-22.50%	2.64%
3 years	17.60	15.31	18.02
5 years	1.54	0.34	2.50
10 years	1.41	0.81	2.60
Life of fund	10.21	10.06	—

Total expense ratio: 1.30%

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. Performance of class A shares after sales charge assumes reinvestment of distributions and does not account for taxes. After-sales-charge returns reflect a maximum 5.75% load. For a portion of the periods, this fund had expense limitations, without which returns would have been lower. 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. For the most recent month-end performance, visit http://www.putnam.com/funds/voyager.htm.

About Putnam Voyager Fund

Recent performance benefited from receipt of an Enron Class Action Settlement pertaining to investments made prior to 2002.

The Russell 1000 Growth Index is an unmanaged index of those companies in the large-cap Russell 1000 Index chosen for their growth orientation. You cannot invest directly in an index.

Consider these risks before investing: Investments in small and/or midsize companies increase the rish of greater price fluctuations. Growth stocks may be more susceptible to earnings disappointments, and the market may not favor growth-style investing.

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 1-888-4-PUTNAM (1-888-478-8626), or click on the prospectus section to view or download a prospectus. Please read the prospectus carefully before investing.