Putnam High Yield Fund
09/30/2025 | Press release | Distributed by Public on 09/30/2025 07:42
Summary Prospectus by Investment Company (Form 497K)
PGOF-P40 09/25
SUPPLEMENT DATED SEPTEMBER 30, 2025
TO THE SUMMARY PROSPECTUS, PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION ("SAI")
OF EACH FUND LISTED IN SCHEDULE A
Effective September 30, 2025, the following supersedes any and all disclosure to the contrary in each fund's Summary Prospectus, Prospectus and SAI:
| a. |
The portfolio managers primarily responsible for the day-to-day management of Putnam Diversified Income Trust and Putnam VT Diversified Income Fund are Albert W. Chan, CFA, Patrick A. Klein, Ph.D., Michael V. Salm, and Matthew J. Walkup. |
| b. |
The portfolio managers primarily responsible for the day-to-day management of Putnam High Yield Fund and Putnam VT High Yield Fund are Bryant Dieffenbacher, CFA, Robert L. Salvin, and Glenn Voyles, CFA. |
| c. |
The portfolio managers primarily responsible for the day-to-day management of Putnam Short Duration Bond Fund are Andrew C. Benson, Albert W. Chan, CFA, Joanne M. Driscoll, CFA, and Michael J. Lima, CFA. |
| SCHEDULE A |
| Putnam Diversified Income Trust |
| Putnam High Yield Fund |
| Putnam Short Duration Bond Fund |
| Putnam VT Diversified Income Fund |
| Putnam VT High Yield Fund |
Please retain this supplement for future reference.
Putnam High Yield Fund published this content on September 30, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 30, 2025 at 13:42 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]