March - Putnam Investments

Statement of assets and liabilities (Continued)REPRESENTED BYPaid-in capital (Unlimited shares authorized) (Notes 1 and 4) $1,481,539,344Distributions in excess of net investment income (Note 1) (2,696,495)Accumulated net realized gain on investments and foreign currency transactions (Note 1) 104,822,635Net unrealized appreciation of investments and assets and liabilities in foreign currencies 233,769,986Total — Representing net assets applicable to capital shares outstanding $1,817,435,470COMPUTATION OF NET ASSET VALUE AND OFFERING PRICENet asset value and redemption price per class A share($1,327,765,719 divided by 77,832,054 shares) $17.06Offering price per class A share (100/94.25 of $17.06)* $18.10Net asset value and offering price per class B share ($118,569,139 divided by 7,071,076 shares)** $16.77Net asset value and offering price per class C share ($161,275,033 divided by 9,848,259 shares)** $16.38Net asset value and redemption price per class M share ($29,916,939 divided by 1,785,094 shares) $16.76Offering price per class M share (100/96.50 of $16.76)* $17.37Net asset value, offering price and redemption price per class R share($18,184,404 divided by 1,083,403 shares) $16.78Net asset value, offering price and redemption price per class R5 share($6,571,639 divided by 382,235 shares) $17.19Net asset value, offering price and redemption price per class R6 share($28,508,709 divided by 1,655,668 shares) $17.22Net asset value, offering price and redemption price per class Y share($126,643,888 divided by 7,366,237 shares) $17.19*On single retail sales of less than $50,000. On sales of $50,000 or more the offering price is reduced.**Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.The accompanying notes are an integral part of these financial statements.Dynamic Asset Allocation Growth Fund 95