10/31/2025 | Press release | Distributed by Public on 10/31/2025 07:37
PGOF-P41
SUPPLEMENT DATED OCTOBER 31, 2025
TO THE SUMMARY PROSPECTUS, PROSPECTUS
AND STATEMENT OF ADDITIONAL INFORMATION ("SAI")
OF EACH FUND LISTED IN SCHEDULE A
Effective October 31, 2025, the following changes are made to each fund's Summary Prospectus, Prospectus and SAI:
| a) |
The following footnote is added to all references to Paul Varunok in each fund's Summary Prospectus, Prospectus and SAI: |
* Mr. Varunok is anticipated to step down as a member of the fund's portfolio management team on or about December 31, 2025. Thereafter, he will transition to an advisory role with Franklin Templeton.
Schedule A
|
Putnam Mortgage Securities Fund |
|
Putnam Mortgage Opportunities Fund |
|
Putnam VT Mortgage Securities Fund |
Shareholders should retain this Supplement for future reference.