Putnam Investments - Individual Investors Login About Putnam Contact Us Mutual funds Retirement College savings Our perspective Forms Tax center My accounts Email Facebook Twitter Google+ LinkedIn Home Mutual funds Putnam Mutual Funds Recognized for performance Morningstar Overall Rating (Class A shares) American Government Income Fund (Intermediate Government) Equity Income Fund (Large Value) Global Income Trust (World Bond) Global Telecommunications Fund (Communications) Income Fund (Intermediate-Term Bond) Massachusetts Tax Exempt Income Fund (Muni Massachusetts) Retirement Income Fund Lifestyle 3 (Retirement Income) U.S. Government Income Trust (Intermediate Government) Top 5 most viewed funds Capital Spectrum Fund Diversified Income Trust Equity Spectrum Fund Equity Income Fund Dynamic Asset Allocation Balanced Fund Annualized Returns (before sales charge, as of 03/31/14) Annualized Returns (after sales charge, as of 03/31/14) Cumulative Returns (before sales charge, as of 03/31/14) Cumulative Returns (after sales charge, as of 03/31/14) Volatility & Risk (A shares only) Profile Morningstar Ratings Lipper Rankings Up-market Capture Ratio (A shares only) Down-market Capture Ratio (A shares only) Information Ratio (A shares only) A B C M R R5 R6 T Y Fund Search icon An illustration of a magnifying glass. 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Wayback Machine Books Video Audio Software Images Donate More ABOUT BLOG PROJECTS HELP DONATE DONATE ICONAN ILLUSTRATION OF A HEART SHAPE CONTACT JOBS VOLUNTEER PEOPLE Search Metadata Search text contents Search TV news captions Search radio transcripts Search archived websites Advanced Search Sign up for free Log in DONATE Explore more than 552 billion web pages saved over time × Clear 1 selection Results: 50 100 500 CalendarCollectionsChangesSummarySite Map Saved 42 times between December 4, 2013 and January 15, 2021. 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 JAN 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 FEB 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 MAR 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 APR 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 MAY 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 JUN 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 JUL 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 AUG 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 SEP 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 OCT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 NOV 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 DEC 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Note This calendar view maps the number of times https://www.putnam.com/individual/mutual-funds/ was crawled by the Wayback Machine, not how many times the site was actually updated. More info in the FAQ. Green indicates redirects (3xx). FAQ | Contact Us | Terms of Service (Dec 31, 2014) The Wayback Machine is an initiative of the Internet Archive, a 501(c)(3) non-profit, building a digital library of Internet sites and other cultural artifacts in digital form. Other projects include Open Library & archive-it.org. Your use of the Wayback Machine is subject to the Internet Archive's Terms of Use. Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. To obtain the most recent month-end performance, visit putnam.com. Performance assumes reinvestment of distributions and does not account for taxes. Returns before sales charge do not reflect the current maximum sales charges as indicated below. Had the sales charge been reflected, returns would be lower. Returns at public offering price (after sales charge) for class A and class M shares reflect the current maximum initial sales charges of 5.75% and 3.50% for equity funds and Putnam Absolute Return 500 Fund and 700 Fund, and 4.00% and 3.25% for income funds (1.00% and 0.75% for Putnam Floating Rate Income Fund and Putnam Absolute Return 100 Fund and 300 Fund), respectively. Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declining to 1% in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, which is 3% in the first year, declining to 1% in the fourth year, and is eliminated thereafter). Class C shares reflect a 1% CDSC the first year that is eliminated thereafter. Performance for class B, C, M, R, T, and Y shares prior to their inception is derived from the historical performance of class A shares, adjusted for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (with the exception of Putnam Tax-Free High Yield Fund and Putnam AMT-Free Municipal Fund, which are based on the historical performance of class B shares). Performance for class R5/R6 shares before their inception are derived from the historical performance of class Y shares, which have not been adjusted for the lower expenses; had they, returns would have been higher. Class A, M, and T shares of Putnam money market funds have no initial sales charge. For a portion of the periods, some funds had expense limitations or had been sold on a limited basis with limited assets and expenses, without which returns would be lower. Lipper rankings are based on total return without sales charge relative to all share classes of funds with similar objectives as determined by Lipper. Past performance is not indicative of future results. Rankings for other periods can be found on the Facts & Rankings tab. For the period ended 3/31/14, Putnam American Government Income Fund received 2, 5, and 4 stars (load-adjusted) for the 3-, 5-, and 10-year periods among 297, 281, and 239 Intermediate Government funds, respectively. Putnam Equity Income Fund received 3, 3, and 4 stars (load-adjusted) for the 3-, 5-, and 10-year periods among 1,068, 951, and 626 Large Value funds, respectively. Putnam Global Income Trust received 3, 4, and 4 stars (load-adjusted) for the 3-, 5-, and 10-year periods among 270, 225, and 131 World Bond funds, respectively. Putnam Global Telecommunications Fund received 4 and 4 stars (load-adjusted) for the 3- and 5-year periods among 33 Communications funds for both periods. Putnam Income Fund received 4, 5, and 4 stars (load-adjusted) for the 3-, 5-, and 10-year periods among 942, 808, and 581 Intermediate-Term Bond funds, respectively. Putnam MA Tax Exempt Income Fund received 3, 3, and 4 stars (load-adjusted) for the 3-, 5-, and 10-year periods among 64, 62, and 54 Muni Massachusetts funds, respectively. Putnam Retirement Income Fund Lifestyle 3 received 3 and 4 stars (load-adjusted) for the 3- and 5-year periods among 268 and 236 Retirement Income funds, respectively. Putnam U.S. Government Income Trust received 2, 5, and 5 stars (load-adjusted) for the 3-, 5-, and 10-year periods among 297, 281, and 239 Intermediate Government funds, respectively. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. Data is historical. Past performance is no guarantee of future results. Rankings for other periods can be found on the Facts & Rankings tab. Putnam Products Mutual Funds Retirement Plans College Savings Shareholder forms Non-Retirement IRAs Putnam 529 for America Help and guidance Investor education Shareholder FAQs Account support Tools CD vs. municipal bond Global sector portfolio modeling Roth IRA conversion College savings Find us Putnam funds may, at times, invest in Putnam Money Market Liquidity Fund and/or the Putnam Cash Collateral Pool, LLC. View more information about these funds. Your financial advisor can help you decide which investments are suited to your goals. Putnam's wide array of choices includes mutual funds such as Putnam Equity Income Fund and Putnam Diversified Income Trust, as well as products that seek to reduce volatility, such as Putnam Absolute Return Funds; funds that pursue opportunities beyond traditional benchmarks, such as Putnam Spectrum Funds; and funds that seek to diversify sources of risk, such as Putnam Dynamic Risk Allocation Fund. Check out our Site Map to learn more. Barron's ranked Putnam #2 among 64 fund families for 2013 performance based on total return. The Best Fund Families report highlights Putnam's strength across multiple asset classes. By clicking on links to third-party sites, or using social media sharing tools, you will leave this Putnam Retail Management hosted property. Putnam Investments is not responsible for the content or services offered on linked websites. Use linked websites at your own risk. Carefully review the site's terms of service and privacy rules as they apply to you. Opinions or recommendations on any linked websites are those of independent providers and do not imply a recommendation from Putnam Investments, which is not responsible for inaccuracies or errors. Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus, or a summary prospectus if available, containing this and other information for any Putnam fund or product, contact your financial representative, call Putnam at 1-888-4-PUTNAM (1-888-478-8626), or click on the prospectus section to view or download a prospectus. Please read the prospectus carefully before investing. © 1998-2014, Putnam Retail Management