Putnam Investments Honored with Five Lipper Fund Awards

Putnam Investments today announced that five of its mutual funds received 2015 Lipper Fund Awards at an industry dinner held last night in New York City. The awards honor individual mutual funds for their consistently strong risk-adjusted performance, relative to their peers over periods of three years or more.

The Putnam Capital Spectrum Fund Y (PVSYX) received special recognition for wining in multiple performance periods. The fund was named the top performing fund in the Flexible Portfolio Funds category for both the three- and five-year periods ending November 30, 2014, out of a universe of 321 funds 201 funds, respectively. The full list of Putnam mutual funds receiving 2015 Lipper Awards for the period ending November 30, 2014, includes:

• Putnam Capital Spectrum Fund Y (PVSYX) – 3 & 5 years
• Putnam U.S. Government Income Trust Y (PUSYX) – 3 years
• Putnam International Value Fund Y (PNGYX) – 5 years
• Putnam RetirementReady 2050 Fund Y – 3 years
• Putnam RetirementReady 2055 Fund Y – 3 years

“Achieving strong, sustained investment performance for our clients is our firm’s primary focus,” said Robert L. Reynolds, President and Chief Executive Officer, Putnam Investments. “It is an honor to receive these Lipper Fund Awards, which validate our company’s commitment to excellence – and exhibited by many talented professionals across our organization every single day.”

Putnam Capital Spectrum Fund Y (PVSYX) was the top-performing fund in the Flexible Portfolio Funds category for the three-year period out of a universe of 321 funds and for the five-year period out of a universe of 201 funds. Managed by David L. Glancy, the fund invests in total return opportunities across the capital structure, including common stocks, bonds, bank loans and convertibles. This is the second consecutive year that Putnam Capital Spectrum Fund has received this award.

Putnam U.S. Government Income Trust Y (PUSYX), managed by Michael Salm, received a three-year award within the GNMA Fund category as the top-performing fund out of 59 contenders. The fund invests its assets in U.S. government securities, including agency mortgage-backed securities.

Putnam International Value Fund Y (PNGYX) was honored for its performance over a five-year period in the International Large-Cap Value Fund category as the top performer out of 56 funds. The fund also received a Lipper Funds Award last year in the category. Managed by Darren A. Jaroch, CFA, and Karan S. Sodhi, CFA, Putnam International Value Fund invests in international large and midsize companies to benefit from business opportunities outside the United States.

Putnam RetirementReady 2050 Fund Y was named the top performing fund for the three-year period among 135 funds in the Mixed-Asset Target 2050 category. The fund seeks to provide capital appreciation and current income consistent with a decreasing emphasis on capital appreciation and an increasing emphasis on current income as it approaches its 2050 target date. The fund is managed by James Fetch, Robert Kea, Joshua Kutin, Robert Schoen and Jason Vaillancourt.

Putnam RetirementReady 2055 Fund Y, managed by James Fetch, Robert Kea, Joshua Kutin, Robert Schoen and Jason Vaillancourt, was named the no. 1 fund among 75 funds in the Mixed-Asset Target 2055 category for the three-year period. The fund seeks to provide capital appreciation and current income consistent with a decreasing emphasis on capital appreciation and an increasing emphasis on current income as it approaches its 2050 target date.

About the Lipper Fund Awards

The Lipper Fund Awards program honors funds that have excelled in delivering consistently strong risk-adjusted performance, relative to peers. The Lipper Fund Awards take place in 23 countries in Asia, Europe, MENA and the Americas. The award winners are formally announced between January and April. Ceremonies take place in select countries.

About Putnam Investments

Founded in 1937, Putnam Investments is a leading global money management firm. At the end of February 2015, Putnam had $161 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.