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Putnam Funds Trust

01/26/2026 | Press release | Distributed by Public on 01/26/2026 14:52

Prospectus by Investment Company (Form 497)

39117-P1 1/26

PUTNAM FUNDS TRUST

SUPPLEMENT DATED JANUARY 26, 2026

TO THE PROSPECTUS

DATED OCTOBER 1, 2025 OF

PUTNAM DYNAMIC ASSET ALLOCATION EQUITY FUND (the "Fund")

The following replaces the first sentence of the first paragraph of the section entitled "Fund summary - Investments, risks, and performance" of the Fund's Prospectus:

The fund invests mainly in common stocks (growth or value stocks or both) of large and midsize companies worldwide.

Please retain this supplement for future reference.

Putnam Funds Trust published this content on January 26, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on January 26, 2026 at 20:52 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]

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