Prospectuses and fund documents

Fund name Prospectuses/
Statement of
Additional
Information (SAI) 		Fact sheet Semiannual
report 		Annual
report
Absolute Return 100 Fund® Pros | SAI Fact sheet April October
Absolute Return 300 Fund® Pros | SAI Fact sheet April October
Absolute Return 500 Fund® Pros | SAI Fact sheet April October
Absolute Return 700 Fund® Pros | SAI Fact sheet April October
American Government Income Fund Pros | SAI Fact sheet March September
AMT-Free Municipal Fund Pros | SAI Fact sheet January July
Arizona Tax Exempt Income Fund* Pros | SAI NA November May
California Tax Exempt Income Fund Pros | SAI Fact sheet March September
Capital Opportunities Fund Pros | SAI Fact sheet October April
Capital Spectrum Fund Pros | SAI Fact sheet October April
Convertible Securities Fund Pros | SAI Fact sheet April October
Diversified Income Trust Pros | SAI Fact sheet March September
Dynamic Asset Allocation Balanced Fund Pros | SAI Fact sheet March September
Dynamic Asset Allocation Conservative Fund Pros | SAI Fact sheet March September
Dynamic Asset Allocation Growth Fund Pros | SAI Fact sheet March September
Dynamic Risk Allocation Fund Pros | SAI Fact sheet November May
Emerging Markets Equity Fund Pros | SAI Fact sheet February August
Emerging Markets Income Fund Pros | SAI Fact sheet May November
Equity Income Fund Pros | SAI Fact sheet May November
Equity Spectrum Fund Pros | SAI Fact sheet October April
Europe Equity Fund Pros | SAI Fact sheet December June
Floating Rate Income Fund Pros | SAI Fact sheet August February
Fund for Growth and Income* Pros | SAI NA April October
George Putnam Balanced Fund Pros | SAI Fact sheet January July
Global Consumer Fund Pros | SAI NA February August
Global Dividend Fund* Pros | SAI NA May November
Global Energy Fund* Pros | SAI NA February August
Global Equity Fund Pros | SAI Fact sheet April October
Global Financials Fund Pros | SAI NA February August
Global Health Care Fund Pros | SAI Fact sheet February August
Global Income Trust Pros | SAI Fact sheet April October
Global Industrials Fund Pros | SAI Fact sheet February August
Global Natural Resources Fund Pros | SAI Fact sheet February August
Global Sector Fund Pros | SAI NA April October
Global Technology Fund Pros | SAI Fact sheet February August
Global Telecommunications Fund Pros | SAI NA February August
Global Utilities Fund Pros | SAI Fact sheet February August
Government Money Market Fund Pros | SAI Fact sheet November
Growth Opportunities Fund Pros | SAI Fact sheet January July
High Yield Fund‡ Pros | SAI Fact sheet May November
Income Fund Pros | SAI Fact sheet April October
Intermediate-Term Municipal Income Fund Pros | SAI Fact sheet May November
International Capital Opportunities Fund Pros | SAI NA February August
International Equity Fund Pros | SAI Fact sheet December June
International Growth Fund Pros | SAI NA March September
International Value Fund Pros | SAI Fact sheet December June
Investors Fund Pros | SAI Fact sheet January July
Low Volatility Equity Fund Pros | SAI Fact sheet January July
Massachusetts Tax Exempt Income Fund Pros | SAI Fact sheet November May
Michigan Tax Exempt Income Fund* Pros | SAI NA November May
Minnesota Tax Exempt Income Fund Pros | SAI Fact sheet November May
Money Market Fund Pros | SAI NA March September
Multi-Cap Core Fund Pros | SAI Fact sheet October April
Multi-Cap Growth Fund Pros | SAI Fact sheet December June
Multi-Cap Value Fund Pros | SAI Fact sheet October April
New Jersey Tax Exempt Income Fund Pros | SAI Fact sheet November May
New York Tax Exempt Income Fund Pros | SAI Fact sheet May November
Ohio Tax Exempt Income Fund Pros | SAI Fact sheet November May
Pennsylvania Tax Exempt Income Fund Pros | SAI Fact sheet November May
Research Fund Pros | SAI Fact sheet January July
Retirement Income Fund Lifestyle 1 Pros | SAI NA January July
RetirementReady 2020 Fund Pros | SAI Fact sheet January July
RetirementReady 2025 Fund Pros | SAI Fact sheet January July
RetirementReady 2030 Fund Pros | SAI Fact sheet January July
RetirementReady 2035 Fund Pros | SAI Fact sheet January July
RetirementReady 2040 Fund Pros | SAI Fact sheet January July
RetirementReady 2045 Fund Pros | SAI Fact sheet January July
RetirementReady 2050 Fund Pros | SAI Fact sheet January July
RetirementReady 2055 Fund Pros | SAI Fact sheet January July
RetirementReady 2060 Fund Pros | SAI Fact sheet January July
Short Duration Income Fund Pros | SAI Fact sheet January July
Short-Term Municipal Income Fund Pros | SAI Fact sheet May November
Small Cap Growth Fund Pros | SAI NA December June
Small Cap Value Fund Pros | SAI Fact sheet August February
Tax Exempt Income Fund Pros | SAI Fact sheet March September
Tax-Free High Yield Fund Pros | SAI Fact sheet January July
U.S. Government Income Trust Pros | SAI Fact sheet March September

*Closed to new investors.

‡ As of May 8, 2017, Putnam High Yield Advantage Fund was renamed to Putnam High Yield Fund.