Prospectuses and fund documents

Pros: Prospectus

SAI: Statement of additional information

Additional information

Distribution rates
Service updates and details (PDF)
Information statements dated October 2020 are now available for shareholders
Retirement Advantage 2020 Fund (PDF)
RetirementReady 2020 Fund (PDF)

Fund name	Pros \| SAI	Fact sheet (PDF)	Portfolio holdings and reports (PDF)

			Q1 holdings	Semiannual	Q3 holdings	Annual
California Tax Exempt Income Fund	Pros \| SAI	Fact sheet	December	March	June	September
Convertible Securities Fund	Pros \| SAI	Fact sheet	January	April	July	October
Diversified Income Trust	Pros \| SAI	Fact sheet	December	March	June	September
Dynamic Asset Allocation Balanced Fund	Pros \| SAI	Fact sheet	December	March	June	September
Dynamic Asset Allocation Conservative Fund	Pros \| SAI	Fact sheet	December	March	June	September
Dynamic Asset Allocation Growth Fund	Pros \| SAI	Fact sheet	December	March	June	September
Dynamic Risk Allocation Fund	Pros \| SAI	Fact sheet	August	November	February	May
Emerging Markets Equity Fund	Pros \| SAI	Fact sheet	November	February	May	August
Fixed Income Absolute Return Fund	Pros \| SAI	Fact sheet	January	April	July	October
Floating Rate Income Fund	Pros \| SAI	Fact sheet	May	August	November	February
Focused Equity Fund	Pros \| SAI	Fact sheet	November	February	May	August
Focused International Equity Fund	Pros \| SAI	Fact sheet	January	April	July	October
George Putnam Balanced Fund	Pros \| SAI	Fact sheet	October	January	April	July
Global Health Care Fund	Pros \| SAI	Fact sheet	November	February	May	August
Global Income Trust	Pros \| SAI	Fact sheet	January	April	July	October
Global Technology Fund	Pros \| SAI	Fact sheet	November	February	May	August
Government Money Market Fund	Pros \| SAI	Fact sheet	December	March	June	September
Growth Opportunities Fund	Pros \| SAI	Fact sheet	October	January	April	July
High Yield Fund	Pros \| SAI	Fact sheet	February	May	August	November
Income Fund	Pros \| SAI	Fact sheet	January	April	July	October
Intermediate-Term Municipal Income Fund	Pros \| SAI	Fact sheet	February	May	August	November
International Capital Opportunities Fund	Pros \| SAI	Fact sheet	November	February	May	August
International Equity Fund	Pros \| SAI	Fact sheet	September	December	March	June
International Value Fund	Pros \| SAI	Fact sheet	September	December	March	June
Large Cap Value Fund	Pros \| SAI	Fact sheet	January	April	July	October
Massachusetts Tax Exempt Income Fund	Pros \| SAI	Fact sheet	August	November	February	May
Minnesota Tax Exempt Income Fund	Pros \| SAI	Fact sheet	August	November	February	May
Money Market Fund	Pros \| SAI	Fact sheet	December	March	June	September
Mortgage Opportunities Fund	Pros \| SAI	Fact sheet	August	November	February	May
Mortgage Securities Fund	Pros \| SAI	Fact sheet	December	March	June	September
Multi-Asset Absolute Return Fund	Pros \| SAI	Fact sheet	January	April	July	October
Multi-Cap Core Fund	Pros \| SAI	Fact sheet	July	October	January	April
New Jersey Tax Exempt Income Fund	Pros \| SAI	Fact sheet	August	November	February	May
New York Tax Exempt Income Fund	Pros \| SAI	Fact sheet	February	May	August	November
Ohio Tax Exempt Income Fund	Pros \| SAI	Fact sheet	August	November	February	May
Pennsylvania Tax Exempt Income Fund	Pros \| SAI	Fact sheet	August	November	February	May
Putnam PanAgora Risk Parity Fund	Pros \| SAI	Fact sheet	November	February	May	August
Research Fund	Pros \| SAI	Fact sheet	October	January	April	July
Retirement Advantage 2025 Fund	Pros \| SAI		November	February	May	August
Retirement Advantage 2030 Fund	Pros \| SAI		November	February	May	August
Retirement Advantage 2035 Fund	Pros \| SAI		November	February	May	August
Retirement Advantage 2040 Fund	Pros \| SAI		November	February	May	August
Retirement Advantage 2045 Fund	Pros \| SAI		November	February	May	August
Retirement Advantage 2050 Fund	Pros \| SAI		November	February	May	August
Retirement Advantage 2055 Fund	Pros \| SAI		November	February	May	August
Retirement Advantage 2060 Fund	Pros \| SAI		November	February	May	August
Retirement Advantage 2065 Fund	Pros \| SAI		November	February	May	August
Retirement Advantage Maturity Fund	Pros \| SAI		November	February	May	August
RetirementReady 2025 Fund	Pros \| SAI	Fact sheet	October	January	April	July
RetirementReady 2030 Fund	Pros \| SAI	Fact sheet	October	January	April	July
RetirementReady 2035 Fund	Pros \| SAI	Fact sheet	October	January	April	July
RetirementReady 2040 Fund	Pros \| SAI	Fact sheet	October	January	April	July
RetirementReady 2045 Fund	Pros \| SAI	Fact sheet	October	January	April	July
RetirementReady 2050 Fund	Pros \| SAI	Fact sheet	October	January	April	July
RetirementReady 2055 Fund	Pros \| SAI	Fact sheet	October	January	April	July
RetirementReady 2060 Fund	Pros \| SAI	Fact sheet	October	January	April	July
RetirementReady 2065 Fund	Pros \| SAI	Fact sheet	October	January	April	July
RetirementReady Maturity Fund	Pros \| SAI	Fact sheet	October	January	April	July
Short Duration Bond Fund	Pros \| SAI	Fact sheet	January	April	July	October
Short-Term Municipal Income Fund	Pros \| SAI	Fact sheet	February	May	August	November
Small Cap Growth Fund	Pros \| SAI	Fact sheet	September	December	March	June
Small Cap Value Fund	Pros \| SAI	Fact sheet	May	August	November	February
Strategic Intermediate Municipal Fund	Pros \| SAI	Fact sheet	October	January	April	July
Sustainable Future Fund	Pros \| SAI	Fact sheet	July	October	January	April
Sustainable Leaders Fund	Pros \| SAI	Fact sheet	September	December	March	June
Tax Exempt Income Fund	Pros \| SAI	Fact sheet	December	March	June	September
Tax-Free High Yield Fund	Pros \| SAI	Fact sheet	October	January	April	July
Ultra Short Duration Income Fund	Pros \| SAI	Fact sheet	October	January	April	July
Focused Large Cap Growth ETF	Pros \| SAI	Fact sheet	November	February	Not yet available	July
Focused Large Cap Value ETF	Pros \| SAI	Fact sheet	November	February	Not yet available	July
Sustainable Future ETF	Pros \| SAI	Fact sheet	November	February	Not yet available	July
Sustainable Leaders ETF	Pros \| SAI	Fact sheet	November	February	Not yet available	July

Effective March 30, 2021, Putnam Equity Income Fund changed to Putnam Large Cap Value Fund.
Effective April 1, 2021, Putnam Global Equity Fund changed to Putnam Focused International Equity Fund.