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BOSTON--(BUSINESS WIRE)--The Trustees of The Putnam Funds have declared the following fund distributions. RECORD/ PAYMENT FUND NAME AND DISTRIBUTIONS EX DATE DATE Putnam American Government Income Fund – Class A Shares (PAGVX) Putnam Convertible Securities Fund– Class A Shares (PCONX) Putnam Dynamic Asset Allocation Conservative Fund– Class A Shares (PACAX) Putnam Diversified Income Trust – Class A Shares (PDINX) Putnam Emerging Markets Income Fund – Class A Shares (PEMWX) Putnam Equity Income Fund – Class A Shares (PEYAX) Putnam High Yield Advantage Fund – Class A Shares (PHYIX) Putnam High Yield Trust – Class A Shares (PHIGX) Putnam Global Dividend Fund – Class A Shares (PGDEX) Putnam Global Income Trust – Class A Shares (PGGIX) Putnam Global Utilities Fund – Class A Shares (PUGIX) Putnam Income Fund – Class A Shares (PINCX) Putnam Retirement Income Fund Lifestyle 2– Class A Shares (PRYAX) Putnam Retirement Income Fund Lifestyle 3– Class A Shares (PISFX) Putnam U.S. Government Income Trust – Class A Shares (PGSIX) Section 19 Disclosure Putnam Global Dividend Fund $0.004 per share of Putnam Global Dividend Fund’s dividend represents a return of capital. This is only an estimate for the current fund fiscal year based on information we have at this time. In January 2016, we will provide final information about all 2015 distributions for your tax filing. See the below for more details. Additional disclosure: If a fund’s dividend included an estimated distribution such as a return of capital or capital gain: For the purposes of this disclosure, a fund’s dividend sources are determined in accordance with accounting principles, which may vary from federal tax treatment. The sources of dividends are estimated at the time of declaration. Actual results may vary. Any non-taxable return of capital cannot be determined until after the end of the fund’s fiscal year. In January 2016, you will receive information as to the federal tax status of this and other distributions from the fund in the preceding calendar year.
BOSTON--(BUSINESS WIRE)--The Trustees of The Putnam Funds have declared the following fund distributions. RECORD/ PAYMENT FUND NAME AND DISTRIBUTIONS EX DATE DATE Putnam American Government Income Fund – Class A Shares (PAGVX) Putnam Dynamic Asset Allocation Balanced Fund– Class A Shares (PABAX) Putnam Dynamic Asset Allocation Conservative Fund– Class A Shares (PACAX) Putnam Diversified Income Trust – Class A Shares (PDINX) Putnam Emerging Markets Income Fund – Class A Shares (PEMWX) George Putnam Balanced Fund – Class A Shares (PGEOX) Putnam for Growth and Income – Class A Shares (PGRWX) Putnam High Yield Advantage Fund – Class A Shares (PHYIX) Putnam High Yield Trust – Class A Shares (PHIGX) Putnam Global Income Trust – Class A Shares (PGGIX) 2/27/2015 Putnam Income Fund – Class A Shares (PINCX) Putnam Retirement Income Fund Lifestyle 2– Class A Shares (PRYAX) Putnam Retirement Income Fund Lifestyle 3– Class A Shares (PISFX) Putnam U.S. Government Income Trust – Class A Shares (PGSIX)
BOSTON--(BUSINESS WIRE)--The Trustees of The Putnam Funds have declared the following fund distributions. RECORD/ PAYMENT FUND NAME AND DISTRIBUTIONS EX DATE DATE Putnam American Government Income Fund – Class A Shares (PAGVX) Putnam Dynamic Asset Allocation Balanced Fund – Class A Shares (PABAX) Putnam Dynamic Asset Allocation Conservative Fund – Class A Shares (PACAX) Putnam Diversified Income Trust – Class A Shares (PDINX) Putnam Emerging Markets Income Fund – Class A Shares (PEMWX) George Putnam Balanced Fund – Class A Shares (PGEOX) Putnam for Growth and Income – Class A Shares (PGRWX) Putnam High Yield Advantage Fund – Class A Shares (PHYIX) Putnam High Yield Trust – Class A Shares (PHIGX) Putnam Global Income Trust – Class A Shares (PGGIX) Putnam Income Fund – Class A Shares (PINCX) 1/20/15 Putnam Retirement Income Fund Lifestyle 2 – Class A Shares (PRYAX) Putnam Retirement Income Fund Lifestyle 3 – Class A Shares (PISFX) Putnam U.S. Government Income Trust – Class A Shares (PGSIX) Putnam Convertible Securities Fund – Class A Shares (PCONX) Putnam Equity Income Fund – Class A Shares (PEYAX) Putnam Global Dividend Fund – Class A Shares (PGDEX) Putnam Global Utilities Fund – Class A Shares (PUGIX)
BOSTON--(BUSINESS WIRE)--The Trustees of The Putnam Funds have declared the following fund distributions. RECORD/ PAYMENT FUND NAME AND DISTRIBUTIONS EX DATE DATE Putnam Diversified Income Trust – Class A Shares (PDINX) Putnam Emerging Markets Income Fund – Class A Shares (PEMWX) Putnam High Yield Advantage Fund – Class A Shares (PHYIX) Putnam High Yield Trust – Class A Shares (PHIGX) Putnam Global Income Trust – Class A Shares (PGGIX) Putnam Income Fund – Class A Shares (PINCX) Putnam Retirement Income Fund Lifestyle 2– Class A Shares (PRYAX) Putnam Retirement Income Fund Lifestyle 3– Class A Shares (PISFX) Putnam U.S. Government Income Trust – Class A Shares (PGSIX)
BOSTON--(BUSINESS WIRE)--The Trustees of The Putnam Funds have declared the following fund distributions. RECORD/ PAYMENT FUND NAME AND DISTRIBUTIONS EX DATE DATE Putnam American Government Income Fund – Class A Shares (PAGVX) Putnam Convertible Securities Fund– Class A Shares (PCONX) Putnam Dynamic Asset Allocation Conservative Fund– Class A Shares (PACAX) Putnam Diversified Income Trust – Class A Shares (PDINX) Putnam Emerging Markets Income Fund – Class A Shares (PEMWX) Putnam Equity Income Fund – Class A Shares (PEYAX) Putnam High Yield Advantage Fund – Class A Shares (PHYIX) Putnam High Yield Trust – Class A Shares (PHIGX) Putnam Global Dividend Fund – Class A Shares (PGDEX) Putnam Global Income Trust – Class A Shares (PGGIX) Putnam Global Utilities Fund – Class A Shares (PUGIX) Putnam Income Fund – Class A Shares (PINCX) Putnam Retirement Income Fund Lifestyle 2– Class A Shares (PRYAX) Putnam Retirement Income Fund Lifestyle 3– Class A Shares (PISFX) Putnam U.S. Government Income Trust – Class A Shares (PGSIX)
BOSTON--(BUSINESS WIRE)--The Trustees of The Putnam Funds have declared the following fund distributions. RECORD/ PAYMENT FUND NAME AND DISTRIBUTIONS EX DATE DATE Putnam American Government Income Fund – Class A Shares (PAGVX) Putnam Dynamic Asset Allocation Balanced Fund– Class A Shares (PABAX) Putnam Dynamic Asset Allocation Conservative Fund– Class A Shares (PACAX) Putnam Diversified Income Trust – Class A Shares (PDINX) Putnam Emerging Markets Income Fund – Class A Shares (PEMWX) George Putnam Balanced Fund – Class A Shares (PGEOX) Putnam for Growth and Income – Class A Shares (PGRWX) Putnam High Yield Advantage Fund – Class A Shares (PHYIX) Putnam High Yield Trust – Class A Shares (PHIGX) Putnam Global Income Trust – Class A Shares (PGGIX) Putnam Income Fund – Class A Shares (PINCX) Putnam Retirement Income Fund Lifestyle 2– Class A Shares (PRYAX) Putnam Retirement Income Fund Lifestyle 3– Class A Shares (PISFX) Putnam U.S. Government Income Trust – Class A Shares (PGSIX)
BOSTON--(BUSINESS WIRE)--Putnam Investments today announced that it has launched the Putnam Dynamic Risk Allocation Fund (Class A: PDREX), designed to actively balance the sources of portfolio risk across multiple asset classes, with flexibility to respond dynamically to changing economic conditions and market valuations, in pursuit of consistent levels of total return. The Fund will make use of a risk parity approach that Putnam has utilized extensively for institutional clients. The Putnam Dynamic Risk Allocation Fund is unlike a traditional balanced fund where the majority of the risk comes from the equity allocation. The new Putnam fund diversifies across a wide range of global markets reducing reliance on equities, to pursue a total return that is more consistent over different market conditions. By comparison, in a traditional asset allocation portfolio or balanced fund (60% equity/40% fixed income as defined by Lipper), the equity portion contributes nearly 90% of the portfolio risk. In addition to conducting a rigorous risk analysis at the individual securities level, the new Putnam Fund will have an intense ‘risk lens’ at the asset allocation level. The Fund will be attempting to create more consistent performance over time by boosting exposure to less volatile and/or less correlated asset classes and diversifying its exposure to risk. “Greater risk diversification across less volatile assets is essential for preservation and long-term growth of investment capital – and pursuing these objectives through a focused ‘risk’ lens can be a critical success factor,” said Robert L. Reynolds, President and Chief Executive Officer, Putnam Investments. Another major distinguishing characteristic of the Putnam Dynamic Risk Allocation Fund is that the portfolio is not static: utilizing the expertise of the Putnam Global Asset Allocation team, the portfolio weightings will be dynamically adjusted in response to changing market conditions, providing the potential to further enhance performance and manage risk. “Building off of our strong work in the institutional marketplace to seek total return with lower volatility than equities, we believe that seeking better risk diversification by asset class currently offered by the new Putnam fund creates the potential for the fund to produce solid performance in a variety of market environments, and as such, should be considered as a strong core holding in many different types of investments portfolios,” Reynolds continued. Reynolds explained that the portfolio management team is accustomed to using a wide array of asset classes and investment tools to thoughtfully approach its investment mission. The fund has the ability to employ a variety of advanced strategies to conservatively control volatility and manage overall risk. In addition to a full spectrum of global equities and global fixed-income securities, Putnam Dynamic Risk Allocation Fund may invest in other asset classes such as commodities and real estate investment trusts, as well as other tools designed to mitigate risk, including the prudent use of leverage. The Dynamic Risk Allocation Fund is managed by Putnam’s Global Asset Allocation team, led by Head of Global Asset Allocation Jeffrey L. Knight. The team’s specialists have more than 17 years of experience in managing multi-asset portfolios for both the institutional and retail marketplaces, including more than five years of managing portfolios employing a risk-parity approach. Beyond their own skills and resources, the team draws upon the knowledge of the larger Putnam investment organization. About Putnam Investments Founded in 1937, Putnam Investments is a leading global money management firm with over 70 years of investment experience. The firm was recently named one of the top 15 mutual fund families by Lipper/Barron’s for the second consecutive year. At the end of August 2011, Putnam had $122 billion in assets under management, including mutual fund assets of $62 billion and institutional assets of $60 billion. Putnam has offices in Boston, London, Frankfurt, Amsterdam, Tokyo, Singapore and Sydney. For more information, visit putnam.com.
BOSTON--(BUSINESS WIRE)--As part of its evolving strategy to utilize leading technology and Internet capabilities to further help financial advisors and their clients achieve their financial goals, Putnam Investments today officially launched a powerful new web site dedicated to providing advisors with a dynamic, personalized experience. Among its many innovative features, the web site, at www.putnam.com/advisor, allows for advanced, open-architecture portfolio modeling, to assist them in their work with clients. In addition to introducing a series of technology-enabled and social media-driven practice management elements, the new Putnam advisor site builds upon its well-received analytical tool, FundVisualizer, which can now model entire investment portfolios from a universe of over 11,000 mutual funds and ETFs, as well as continue to provide head-to-head product comparisons. “Our new financial advisor web site is designed to provide a superior experience for advisors, allowing them to even more effectively guide their clients in achieving their financial goals,” said Bill Connolly, Head of Global Distribution, Putnam Investments. “We want to provide advisors with an intuitive, yet highly sophisticated set of customized resources that dynamically integrates and presents data, analysis, and thought leadership. Our goal is to be a must-stop destination for the advisor community.” Connolly indicated that advisors will now have access to the next version of Putnam FundVisualizer, allowing them to choose and package a virtually unlimited number of potential fund holdings, assign specific weightings and adjust time periods as desired, to gain insight into the performance behavior and importance of risk-return trade-offs of uniquely constructed portfolios and their underlying components. Additionally, advisors can compare separately created portfolios of their own design. The portfolios can utilize Putnam or non-Putnam product solutions. Conversations, Feedback and Peer Observations, Along with portfolio modeling capabilities, the new Putnam resource will easily allow the advisor community to join conversations on Putnam’s social media sites, including those on Twitter (http://twitter.com/#!/putnamtoday) and Facebook, (http://www.facebook.com/PutnamInvestments). A feedback component will also be available: advisors visiting the site will be able to rate much of its content, such as portfolio manager commentary. Also, the new web site will provide advisors with a sense of what their peers are viewing most on the site, including what investment issues and client-related topics are of most interest – displayed through a visual “tag cloud.” The Putnam site will also provide advisors with an array of practice management and thought leadership resources to help in their day-to-day and long-term planning work with clients. Advisors will be able to: Explore an extensive Client Planning section, with detailed guidance for advisors working with clients who are saving for retirement, college and other life goals -- including presentations and seminars that advisors can download and use with their own clients; Access a content-rich “Our Perspectives” section, featuring articles and videos by Putnam strategists and portfolio managers discussing their investment outlook, providing timely insights on events that are shaping the global markets and discussing investment and savings strategies; Receive access to a wealth of fund data that allows them to gain a deeper product understanding, in a format that can be communicated directly to their clients; Review a Fund Playbook to see how any given fund can help clients pursue their goals, such as reducing the volatility in their portfolios or addressing the impact of rising interest rates on various mixes of funds; Use the new “My Putnam” feature to store their favorite content and set alerts for automatically e-mailed updates; and, Chat live with a personal support team at Putnam dedicated to their practice, to further identify customized solutions and more deeply explore business-building resources, practice management tools and continuing education courses. “One of our chief objectives at every turn is to offer significant value to financial advisors, in the form of performance, product, service and best thinking,” explained Connolly. “In many ways, this new, innovative web site, dedicated to enhancing what advisors can bring to their client relationships, is a packaging of many of the best elements that Putnam has to offer to the marketplace.” About FundVisualizer FundVisualizer is part of an ongoing series of Putnam initiatives designed to provide advisors with rich, highly transparent content, delivered through leading technology. The dynamic tool provides visually compelling portfolio modeling and side-by-side comparisons of multiple products, including Putnam funds, as well as choices from over 11,000 funds across all categories — including ETFs — arming advisors even further in making informed investment decisions. Putnam’s Commitment to Financial Advisors Since Robert L. Reynolds became Putnam’s president and chief executive officer in 2008, the company has deepened its commitment to financial advisors and launched a series of innovations and initiatives to meet the emerging needs of advisors and their clients. Putnam has emphasized the use of technology, especially the Web, to provide advisors with the tools and information they need to assist their clients. About Putnam Investments Founded in 1937, Putnam Investments is a leading global money management firm with over 70 years of investment experience. In 2011, the firm was named one of the top 15 mutual fund families by Lipper/Barron’s for the second consecutive year. At the end of August 2011, Putnam had $122 billion in assets under management, including mutual fund assets of $62 billion and institutional assets of $60 billion. Putnam has offices in Boston, London, Frankfurt, Amsterdam, Tokyo, Singapore and Sydney. For more information, visit putnam.com.