# EDGAR Filing Document

**Accession Number:** 0000822671
**File Stem:** 0001655589-26-000509
**Filing Date:** 2026-4
**Character Count:** 4566
**Document Hash:** 27cbb05ebd39d91aa0af92ff4150333d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001655589-26-000509.hdr.sgml**: 20260417

**ACCESSION NUMBER**: 0001655589-26-000509

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260417

**DATE AS OF CHANGE**: 20260417

**EFFECTIVENESS DATE**: 20260417

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM VARIABLE TRUST
- **CENTRAL INDEX KEY:** 0000822671

**ORGANIZATION NAME:**
- **EIN:** 046649095
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-17486
- **FILM NUMBER:** 26869808

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM CAPITAL MANAGER TRUST /MA/
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Putnam VT Global Asset Allocation Fund (Series ID: S000003896)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000010887 | Class IA Shares |  |
| C000010888 | Class IB Shares |  |

**PGOF-P6 04/26**

![](img_faf821bdd5434f1.jpg)<br>

#### 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<br>Ms. Green has been a portfolio manager of the fund since June 2026. She joined Franklin Templeton in 2010.** 

<br> **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:** 

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Portfolio Manager**<br>| **Type of Account**<br>| **Number of**<br>**Accounts**<br>**Managed** <br>| **Total**<br>**Assets**<br>**Managed**<br>**(Millions)($)** | **Number of**<br>**Accounts**<br>**Managed**<br>**for which**<br>**Advisory**<br>**Fee is**<br>**Performance-**<br>**Based** <br>| **Assets**<br>**Managed**<br>**for which**<br>**Advisory**<br>**Fee is**<br>**Performance**<br>**Based**<br>**(Millions) ($)** <br>|
| Laura Green\* | Registered Investment Companies | 17 | 14034.50 |  |  |
|  | Other Pooled Investment Vehicles | 28 | 6781.40 |  |  |
|  | Other Accounts | 246 | 5219.30 | 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**<br>| **Dollar Range of Ownership of Securities ($)**<br>|
| Laura Green\* | None |

---

\*Information provided as of March 31, 2026.

#### SCHEDULE A

#### <br>

---

| | |
|:---|:---|
| **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 |

---

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| | |
|:---|:---|
| 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.

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