100% of Putnam global asset allocation funds beat their Lipper category medians over all periods as of 12/31/14.

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Putnam global asset allocation funds
Dynamic Asset Allocation Balanced Fund
Dynamic Asset Allocation Conservative Fund
Dynamic Asset Allocation Growth Fund

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Source: Lipper. Three of three Putnam global asset allocation class A funds. Based on total returns before sales charge over 1-, 3-, 5-, and 10-year periods. Rankings for other periods will vary. Past performance does not guarantee future results.

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Putnam Perspectives: Analysis of evolving market themes.

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