Putnam Investments Receives Fourth Consecutive Total Client Experience Award from DALBAR

For the fourth consecutive year, Putnam Investments has been named the sole recipient of the “Total Client Experience” award from DALBAR Inc., the industry-leading financial services market research and consulting firm. The Total Client Experience award reflects multi-dimensional analysis by DALBAR of customer service that is based on rigorous, systematic and yearlong testing.

Putnam Investments call center personnel achieved a level of excellence for:

• Immediately engaging customers with a high degree of respect, professionalism and desire to help
• Being complete and accurate when performing a transaction on behalf of the customer
• Verifying the identity of customers before discussing any account related activity

The Total Client Experience award follows DALBAR’s honoring of Putnam in December for the 25th consecutive year for overall mutual fund service quality.

“This recognition from DALBAR is extremely meaningful to our firm, as we believe that the highest quality of service delivery is a critical offering that we need to bring to our clients and investors every single day,” said Robert L. Reynolds, President and Chief Executive Officer, Putnam Investments. “Our comprehensive approach to service has long been a core business philosophy and point of cultural pride within Putnam which we look forward to maintaining in the years ahead.”

The Total Client Experience Award is based on systematic testing throughout the year. DALBAR conducts thousands of tests to measure how financial companies respond to their customers’ needs, from the level of accuracy when providing information, to making changes to an account and ensuring that they are speaking with the owner, or those authorized to act on their behalf, before engaging in sensitive account activity.

About DALBAR

DALBAR, Inc., the nation’s leading financial services market research and consulting firm, is committed to raising the standards of excellence in the financial services industry. With offices in both the US and Canada, DALBAR develops standards for, and provides research, ratings, and rankings of intangible factors to the mutual fund, broker/dealer, life insurance, property and casualty, and managed account industries. Measurements include investor behavior, customer satisfaction, service quality, communications, Internet services, and financial professional ratings.

About Putnam Investments

Founded in 1937, Putnam Investments is a leading global money management firm. At the end of November 2014, Putnam had $160 billion in assets under management. Putnam has offices in Boston, London, Frankfurt, Tokyo, Beijing, Singapore and Sydney. For more information, visit http://www.putnam.com.

Putnam mutual funds are distributed by Putnam Retail Management.