# EDGAR Filing Document

**Accession Number:** 0000932101
**File Stem:** 0000928816-23-000249
**Filing Date:** 2023-2
**Character Count:** 2660
**Document Hash:** a95aae9116d56115773318e2e0f5c60d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000928816-23-000249.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0000928816-23-000249

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**EFFECTIVENESS DATE**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM INVESTMENT FUNDS
- **CENTRAL INDEX KEY:** 0000932101
- **IRS NUMBER:** 043251560
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-56339
- **FILM NUMBER:** 23679749

**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 EQUITY FUNDS
- **DATE OF NAME CHANGE:** 19941028

## Series and Classes Contracts Data

### Putnam Research Fund (Series ID: S000003853)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000010781 | Class A Shares  | PNRAX           |
| C000010782 | Class B Shares  | PRFBX           |
| C000010783 | Class C Shares  | PRACX           |
| C000010785 | Class R Shares  | PRSRX           |
| C000010786 | Class Y Shares  | PURYX           |
| C000158892 | Class R6 Shares |  |

<u>Summary Prospectus Supplement </u> <u> *February 28, 2023*</u>

**Putnam Research Fund**

Summary Prospectus dated November 30, 2022

Effective February 28, 2023, the section *Your fund's management* is replaced in its entirety with the following:

**Your fund's management**

**Investment advisor**

Putnam Investment Management, LLC

**Portfolio Managers**

---

| |
|:---|
| Kathryn Lakin, Director of Equity Research, portfolio manager of the fund since 2014 |
| Jacquelyne Cavanaugh, Portfolio Manager, Analyst, portfolio manager of the fund since 2014 |
| Matthew LaPlant, Portfolio Manager, Quantitative Analyst, portfolio manager of the fund since 2023 |
| Andrew O'Brien, Portfolio Manager, Analyst, portfolio manager of the fund since 2018 |
| William Rives, Portfolio Manager, Analyst, portfolio manager of the fund since 2019 |
| Walter Scully, Portfolio Manager, Analyst, portfolio manager of the fund since 2010 |

---

**Sub-advisors**

Putnam Investments Limited\*

The Putnam Advisory Company, LLC\*

\* Though the investment advisor has retained the services of both Putnam Investments Limited (PIL) and The Putnam Advisory Company, LLC (PAC), PIL and PAC do not currently manage any assets of the fund.

332984 - 02/23