Putnam Asset Allocation Funds
04/17/2026 | Press release | Distributed by Public on 04/17/2026 07:04
Prospectus by Investment Company (Form 497)
PGOF-P6 04/26
PUTNAM ASSET ALLOCATION FUNDS
PUTNAM FUNDS TRUST
PUTNAM VARIABLE TRUST
SUPPLEMENT DATED APRIL 17, 2026 TO THE
SUMMARY PROSPECTUS (AS APPLICABLE), PROSPECTUS
AND STATEMENT OF ADDITIONAL INFORMATION ("SAI")
OF EACH FUND LISTED IN SCHEDULE A
All changes described below are effective June 1, 2026.
I. The following replaces the reference to Jacqueline H. Kenney in the sections titled "Your fund's management - Portfolio managers" and "Fund summary - Your fund's management - Portfolio managers" in the Summary Prospectus and Prospectus, respectively, of each fund listed in Schedule A:
Laura Green, CFA
Portfolio Manager of Franklin Advisers and portfolio manager of the fund since June 2026.
II. The following replaces the reference to Jacqueline H. Kenney in the section titled "Who oversees and manages the fund? - Portfolio managers" in the Prospectus of each fund listed in Schedule A:
Laura Green, CFA Portfolio Manager of Franklin Advisers
Ms. Green has been a portfolio manager of the fund since June 2026. She joined Franklin Templeton in 2010.
III. The following replaces references to Jacqueline H. Kenney in the table in the section titled "PORTFOLIO MANAGERS - Other Accounts Managed by the Portfolio Managers" in the SAI of each fund listed in Schedule A:
|
Portfolio Manager |
Type of Account |
Number of |
Total |
Number of |
Assets |
|
Laura Green* |
Registered Investment Companies |
17 |
14,034.50 |
None |
None |
|
Other Pooled Investment Vehicles |
28 |
6,781.40 |
None |
None |
|
|
Other Accounts |
246 |
5,219.30 |
2 |
81.1 |
*Information provided as of February 28, 2026.
IV. The following replaces references to Jacqueline H. Kenney in the table in the section titled "PORTFOLIO MANAGERS - Portfolio managers' securities ownership" in the SAI of each fund, other than Putnam VT Global Asset Allocation Fund, listed in Schedule A:
|
Portfolio Managers |
Dollar Range of Ownership of Securities ($) |
|
Laura Green* |
None |
*Information provided as of March 31, 2026.
SCHEDULE A
|
Fund |
Date of Summary Prospectus, Prospectus and SAI |
|
Putnam Asset Allocation Funds |
|
|
Putnam Dynamic Asset Allocation Balanced Fund |
February 1, 2026 |
|
Putnam Dynamic Asset Allocation Conservative Fund |
February 1, 2026 |
|
Putnam Dynamic Asset Allocation Growth Fund |
February 1, 2026 |
|
Putnam Multi-Asset Income Fund |
January 1, 2026 |
|
Putnam Funds Trust |
|
|
Putnam Dynamic Asset Allocation Equity Fund |
October 1, 2025 |
|
Putnam Variable Trust |
|
|
Putnam VT Global Asset Allocation Fund |
May 1, 2025 |
Shareholders should retain this Supplement for future reference.
Putnam Asset Allocation Funds published this content on April 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 17, 2026 at 13:04 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]