March - Putnam Investments

More documents

Recommendations

Info

Absolute ReturnAbsolute Return 100 Fund®Absolute Return 300 Fund®Absolute Return 500 Fund®Absolute Return 700 Fund®Global SectorGlobal Consumer FundGlobal Energy FundGlobal Financials FundGlobal Health Care FundGlobal Industrials FundGlobal Natural Resources FundGlobal Sector FundGlobal Technology FundGlobal Telecommunications FundGlobal Utilities FundAsset AllocationPutnam Global Asset Allocation Funds —portfolios with allocations to stocks, bonds,and money market instruments that areadjusted dynamically within specified rangesas market conditions change.Dynamic Asset Allocation Balanced FundDynamic Asset AllocationConservative FundDynamic Asset Allocation Growth FundDynamic Risk Allocation FundPutnam RetirementReady® Funds — portfolioswith automatically adjusting allocations tostocks, bonds, and money market instruments,becoming more conservative over time.RetirementReady 2055 FundRetirementReady 2050 FundRetirementReady 2045 FundRetirementReady 2040 FundRetirementReady 2035 FundRetirementReady 2030 FundRetirementReady 2025 FundRetirementReady 2020 FundRetirementReady 2015 FundPutnam Retirement Income LifestyleFunds — portfolios with managedallocations to stocks, bonds, and moneymarket investments to generateretirement income.Retirement Income Fund Lifestyle 1Retirement Income Fund Lifestyle 2Retirement Income Fund Lifestyle 3Check your account balances and the most recent month-end performance in the Individual Investors sectionat putnam.com.120 Dynamic Asset Allocation Growth Fund
Services for shareholdersInvestor servicesSystematic investment plan Tell us howmuch you wish to invest regularly — weekly,semimonthly, or monthly — and the amountyou choose will be transferred automaticallyfrom your checking or savings account.There’s no additional fee for this service, andyou can suspend it at any time. This plan maybe a great way to save for college expensesor to plan for your retirement.Please note that regular investing does notguarantee a profit or protect against loss in adeclining market. Before arranging a systematicinvestment plan, consider your financialability to continue making purchases inperiods when prices are low.Systematic exchange You can make regulartransfers from one Putnam fund to anotherPutnam fund. There are no additional feesfor this service, and you can cancel or changeyour options at any time.Dividends PLUS You can choose to havethe dividend distributions from one of yourPutnam funds automatically reinvested inanother Putnam fund at no additional charge.Free exchange privilege You can exchangemoney between Putnam funds free ofcharge, as long as they are the same class ofshares. A signature guarantee is required ifyou are exchanging more than $500,000.The fund reserves the right to revise orterminate the exchange privilege.Reinstatement privilege If you’ve soldPutnam shares or received a check for a dividendor capital gain, you may reinvest theproceeds with Putnam within 90 days of thetransaction and they will be reinvested at thefund’s current net asset value — with no salescharge. However, reinstatement of class Bshares may have special tax consequences.Ask your financial or tax representativefor details.Check-writing service You have readyaccess to many Putnam accounts. It’s assimple as writing a check, and there are nospecial fees or service charges. For moreinformation about the check-writing service,call Putnam or visit our website.Dollar cost averaging When you’reinvesting for long-term goals, it’s time, nottiming, that counts. Investing on a systematicbasis is a better strategy than trying to figureout when the markets will go up or down.This means investing the same amount ofmoney regularly over a long period. Thismethod of investing is called dollar cost averaging.When a fund’s share price declines,your investment dollars buy more sharesat lower prices. When it increases, they buyfewer shares. Over time, you will pay a loweraverage price per share.For more informationVisit the Individual Investors section atputnam.com A secure section of our websitecontains complete information on youraccount, including balances and transactions,updated daily. You may also conducttransactions, such as exchanges, additionalinvestments, and address changes. Log ontoday to get your password.Call us toll free at 1-800-225-1581 Ask ahelpful Putnam representative or your financialadvisor for details about any of these orother services, or see your prospectus.Dynamic Asset Allocation Growth Fund 121
Page 2 and 3:
Putnam DynamicAsset AllocationGrowt
Page 4 and 5:
Putnam Dynamic Asset Allocation Gro
Page 6 and 7:
Interview withyour fund’sportfoli
Page 8 and 9:
“The U.S. economy has been stucki
Page 10 and 11:
of the fund positions us to take ad
Page 12 and 13:
Your fund’s performanceThis secti
Page 14 and 15:
Your fund’s expensesAs a mutual f
Page 16 and 17:
Terms and definitionsImportant term
Page 18 and 19:
Trustee approval of management cont
Page 20 and 21:
necessary or desirable for the comi
Page 22 and 23:
fees and total expenses (excluding
Page 24 and 25:
of their Brokerage Committee and al
Page 26 and 27:
The fund’s portfolio 3/31/14 (Una
Page 28 and 29:
COMMON STOCKS (60.9%)* cont. Shares
Page 30 and 31:
Page 32 and 33:
Page 34 and 35:
Page 36 and 37:
Page 38 and 39:
Page 40 and 41:
Page 42 and 43:
Page 44 and 45:
Page 46 and 47:
CORPORATE BONDS AND NOTES (13.9%)*
Page 48 and 49:
Page 50 and 51:
Page 52 and 53:
Page 54 and 55:
Page 56 and 57:
Page 58 and 59:
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
Page 68 and 69: CORPORATE BONDS AND NOTES (13.9%)*
Page 76 and 77: MORTGAGE-BACKED SECURITIES (2.8%)*
Page 78 and 79: MORTGAGE-BACKED SECURITIES (2.8%)*
Page 80 and 81: FOREIGN GOVERNMENT AND AGENCYBONDS
Page 82 and 83: Key to holding’s currency abbrevi
Page 84 and 85: FORWARD CURRENCY CONTRACTS at 3/31/
Page 86 and 87: FORWARD CURRENCY CONTRACTS at 3/31/
Page 88 and 89: CENTRALLY CLEARED INTEREST RATE SWA
Page 90 and 91: OTC TOTAL RETURN SWAP CONTRACTS OUT
Page 92 and 93: OTC CREDIT DEFAULT CONTRACTS OUTSTA
Page 94 and 95: Valuation inputsOther financial ins
Page 96 and 97: Statement of assets and liabilities
Page 98 and 99: Statement of changes in net assetsI
Page 100 and 101: Financial highlights (Continued)Rat
Page 102 and 103: securities under Accounting Standar
Page 104 and 105: Futures contracts are valued at the
Page 106 and 107: the other party may elect to termin
Page 108 and 109: Note 2: Management fee, administrat
Page 110 and 111: Note 3: Purchases and sales of secu
Page 112 and 113: At the close of the reporting perio
Page 114 and 115: The following is a summary of reali
Page 116 and 117: Shareholder meeting results (Unaudi
Page 120 and 121: Putnam’s commitmentto confidentia
Page 122: This report is for the information
show all

March - Putnam Investments

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?