Shareholder Report
May 31, 2025
USD ($)
$ / shares
This report describes changes
to the Fund that occurred during the reporting period.
WHAT
WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based
on a hypothetical $10,000 investment)
|
Class
Name |
Costs
of a $10,000 investment
|
Costs
paid as a percentage of a $10,000
investment*,†
|
|
Class
A |
$43
|
0.87%
|
KEY
FUND STATISTICS (as
of May 31, 2025)
|
Total
Net Assets |
$25,339,878
|
|
Total
Number of Portfolio Holdings*
|
74
|
|
Portfolio
Turnover Rate |
6%
|
HOW
HAS THE FUND CHANGED?
The liquidation of the Fund is
expected to occur on or about July
18, 2025, pursuant
to a plan of liquidation. For more complete information,
you may review the Fund’s current prospectus and any applicable supplements at
https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or funddocuments@putnam.com.
https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or funddocuments@putnam.com.
This report describes changes
to the Fund that occurred during the reporting period.
WHAT
WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based
on a hypothetical $10,000 investment)
|
Class
Name |
Costs
of a $10,000 investment
|
Costs
paid as a percentage of a $10,000
investment*,†
|
|
Class
C |
$80
|
1.62%
|
KEY
FUND STATISTICS (as
of May 31, 2025)
|
Total
Net Assets |
$25,339,878
|
|
Total
Number of Portfolio Holdings*
|
74
|
|
Portfolio
Turnover Rate |
6%
|
HOW
HAS THE FUND CHANGED?
The liquidation of the Fund is
expected to occur on or about July
18, 2025, pursuant
to a plan of liquidation. For more complete information,
you may review the Fund’s current prospectus and any applicable supplements at
https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or funddocuments@putnam.com.
https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or funddocuments@putnam.com.
This report describes changes
to the Fund that occurred during the reporting period.
WHAT
WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based
on a hypothetical $10,000 investment)
|
Class
Name |
Costs
of a $10,000 investment
|
Costs
paid as a percentage of a $10,000
investment*,†
|
|
Class
R6 |
$28
|
0.57%
|
KEY
FUND STATISTICS (as
of May 31, 2025)
|
Total
Net Assets |
$25,339,878
|
|
Total
Number of Portfolio Holdings*
|
74
|
|
Portfolio
Turnover Rate |
6%
|
HOW
HAS THE FUND CHANGED?
The liquidation of the Fund is
expected to occur on or about July
18, 2025, pursuant
to a plan of liquidation. For more complete information,
you may review the Fund’s current prospectus and any applicable supplements at
https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or funddocuments@putnam.com.
https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or funddocuments@putnam.com.
This report describes changes
to the Fund that occurred during the reporting period.
WHAT
WERE THE FUND COSTS FOR THE LAST SIX MONTHS? (based
on a hypothetical $10,000 investment)
|
Class
Name |
Costs
of a $10,000 investment
|
Costs
paid as a percentage of a $10,000
investment*,†
|
|
Class
Y |
$31
|
0.62%
|
KEY
FUND STATISTICS (as
of May 31, 2025)
|
Total
Net Assets |
$25,339,878
|
|
Total
Number of Portfolio Holdings*
|
74
|
|
Portfolio
Turnover Rate |
6%
|
HOW
HAS THE FUND CHANGED?
The liquidation of the Fund is
expected to occur on or about July
18, 2025, pursuant
to a plan of liquidation. For more complete information,
you may review the Fund’s current prospectus and any applicable supplements at
https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or funddocuments@putnam.com.
https://www.franklintempleton.com/regulatory-fund-documents or upon request at (800) 225-1581 or funddocuments@putnam.com.
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