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Putnam DynamicAsset AllocationGrowt
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Putnam Dynamic Asset Allocation Gro
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Interview withyour fund’sportfoli
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“The U.S. economy has been stucki
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of the fund positions us to take ad
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Your fund’s performanceThis secti
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Your fund’s expensesAs a mutual f
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Terms and definitionsImportant term
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Trustee approval of management cont
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necessary or desirable for the comi
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fees and total expenses (excluding
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of their Brokerage Committee and al
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The fund’s portfolio 3/31/14 (Una
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COMMON STOCKS (60.9%)* cont. Shares
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COMMON STOCKS (60.9%)* cont. Shares
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COMMON STOCKS (60.9%)* cont. Shares
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COMMON STOCKS (60.9%)* cont. Shares
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COMMON STOCKS (60.9%)* cont. Shares
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COMMON STOCKS (60.9%)* cont. Shares
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COMMON STOCKS (60.9%)* cont. Shares
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COMMON STOCKS (60.9%)* cont. Shares
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COMMON STOCKS (60.9%)* cont. Shares
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CORPORATE BONDS AND NOTES (13.9%)*
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CORPORATE BONDS AND NOTES (13.9%)*
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CORPORATE BONDS AND NOTES (13.9%)*
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CORPORATE BONDS AND NOTES (13.9%)*
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CORPORATE BONDS AND NOTES (13.9%)*
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CORPORATE BONDS AND NOTES (13.9%)*
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CORPORATE BONDS AND NOTES (13.9%)*
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CORPORATE BONDS AND NOTES (13.9%)*
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CORPORATE BONDS AND NOTES (13.9%)*
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CORPORATE BONDS AND NOTES (13.9%)*
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CORPORATE BONDS AND NOTES (13.9%)*
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CORPORATE BONDS AND NOTES (13.9%)*
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CORPORATE BONDS AND NOTES (13.9%)*
- Page 72 and 73: CORPORATE BONDS AND NOTES (13.9%)*
- Page 74 and 75: 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 118 and 119: Absolute ReturnAbsolute Return 100
- Page 120 and 121: Putnam’s commitmentto confidentia
- Page 124: A BALANCED APPROACHSince 1937, when