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Putnam Announces Multi-Class Distribution Rates for Open End Funds

The Trustees of The Putnam Funds declared the following distributions.

FUND NAME AND DISTRIBUTIONS

RECORD
DATE

PAYMENT
DATE

Putnam Dynamic Asset Allocation Conservative Fund - Class B Shares (PACBX)

$0.0110 per share investment income 11/16/18 11/20/18

Putnam Dynamic Asset Allocation Conservative Fund - Class C Shares (PACCX)

$0.0110 per share investment income 11/16/18 11/20/18

Putnam Dynamic Asset Allocation Conservative Fund - Class M Shares (PACMX)

$0.0130 per share investment income 11/16/18 11/20/18

Putnam Dynamic Asset Allocation Conservative Fund - Class R Shares (PACRX)

$0.0150 per share investment income 11/16/18 11/20/18

Putnam Dynamic Asset Allocation Conservative Fund - Class Y Shares (PACYX)

$0.0190 per share investment income 11/16/18 11/20/18

Putnam Dynamic Asset Allocation Conservative Fund - Class R5 Shares (PACDX)

$0.0190 per share investment income 11/16/18 11/20/18

Putnam Dynamic Asset Allocation Conservative Fund - Class R6 Shares (PCCEX)

$0.0200 per share investment income 11/16/18 11/20/18

Putnam Dynamic Asset Allocation Conservative Fund - Class P Shares (pending)

$0.0200 per share investment income 11/16/18 11/20/18

Putnam Fixed Income Absolute Return Fund – Class B Shares (PTRBX)

$0.0290 per share investment income 11/16/18 11/20/18

Putnam Fixed Income Absolute Return Fund – Class C Shares (PTRGX)

$0.0250 per share investment income 11/16/18 11/20/18

Putnam Fixed Income Absolute Return Fund – Class M Shares (PZARX)

$0.0310 per share investment income 11/16/18 11/20/18

Putnam Fixed Income Absolute Return Fund – Class R Shares (PTRKX)

$0.0290 per share investment income 11/16/18 11/20/18

Putnam Fixed Income Absolute Return Fund – Class Y Shares (PYTRX)

$0.0330 per share investment income 11/16/18 11/20/18

Putnam Fixed Income Absolute Return Fund – Class R6 Shares (PTREX)

$0.0330 per share investment income 11/16/18 11/20/18

Putnam Fixed Income Absolute Return Fund – Class P Shares (pending)

$0.0330 per share investment income 11/16/18 11/20/18

Contacts:

Putnam Shareholders Contact: 1-800-225-1581

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