PJMYX: Profile for PUTNAM ABSOLUTE RETURN 500 - Y

Fetch is a senior vice president and investment strategist in the Global Asset Allocation Group. He is responsible for researching and implementing top-down investment views across a wide spectrum of asset classes and geographic regions. Fetch joined Putnam in 1994 as a Portfolio Accountant and joined the Global Asset Allocation team in 1996 as an Investment Associate. Fetch has 12 years of investment industry experience.

INVESTMENT INFORMATION

Min Initial Investment:	$0
Min Initial Investment, IRA:	NaN
Min Initial Investment, AIP:	NaN
Min Subsequent Investment:	NaN
Min Subsequent Investment, IRA:	N/A
Min Subsequent Investment, AIP:	N/A

PJMYX can be purchased from brokerages.

FUND SUMMARY

The fund seeks to earn a positive total return that exceeds the rate of inflation by 500 basis points (or 5.00%) over a reasonable period of time regardless of market conditions. The fund combines two separate investment strategies. The beta strategy consists of a globally diversified asset allocation strategy. The alpha strategy involves the potential use of various ?overlay? strategies. These consist of diverse active trading strategies designed to provide additional total return through the exploitation of market inefficiencies and other conditions.

FUND OPERATIONS

Last Dividend	YFT_NOT_APPLICABLE_ABBREVIATION
Last Cap Gain	YFT_NOT_APPLICABLE_ABBREVIATION
Annual Holdings Turnover	YFT_NOT_APPLICABLE_ABBREVIATION
Average for Category:	100.80%

FEES & EXPENSES

Expense	PJMYX	Category Avg
Total Expense Ratio:	%	1.19%
Max 12b1 Fee:	%	N/A
Max Front End Sales Load:	%	4.93%
Max Deferred Sales Load:	%	2.22%
3 Yr Expense Projection*:	$ YFT_NOT_APPLICABLE_ABBREVIATION	$695
5 Yr Expense Projection*:	$ YFT_NOT_APPLICABLE_ABBREVIATION	$1,081
10 Yr Expense Projection*:	$ YFT_NOT_APPLICABLE_ABBREVIATION	$2,177

* Per $10,000 invested

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