Putnam Investments Announces Distribution Rates for Open-End Funds

December 16, 2022 at 14:49 PM EST

The Trustees of The Putnam Funds have declared the following distributions.

	Class A	Ex Date		Regular Distribution Per Share
Fund	Press Release	Record Date	Pay Date	Class A	Class B	Class C	Class M	Class R	Class Y	Class R5	Class R6	Class I

Putnam Diversified Income Trust ¹	11/18/2022	12/16/2022	12/20/2022	PDINX	PSIBX	PDVCX	PDVMX	PDVRX	PDVYX	N/A	PDVGX	N/A
			*Investment Income Distribution :	0.0290	0.0250	0.0260	0.0280	0.0280	0.0300	N/A	0.0310	N/A
			**Special Income Distribution :	0.0420	0.0420	0.0420	0.0420	0.0420	0.0420	N/A	0.0420	N/A
			Total Distribution :	0.0710	0.0670	0.0680	0.0700	0.0700	0.0720		0.0730

Putnam Dynamic Asset Allocation Balanced Fund ¹	11/18/2022	12/16/2022	12/20/2022	PABAX	PABBX	AABCX	N/A	PAARX	PABYX	PAADX	PAAEX	N/A
			*Investment Income Distribution :	0.0550	0.0270	0.0290	N/A	0.0470	0.0640	0.0000	0.0670	N/A
			**Long Term Capital Gain :	0.6260	0.6260	0.6260	N/A	0.6260	0.6260	0.6260	0.6260	N/A
			Total Distribution :	0.6810	0.6530	0.6550		0.6730	0.6900	0.6260	0.6930

Putnam Dynamic Asset Allocation Conservative Fund ¹	11/18/2022	12/16/2022	12/20/2022	PACAX	PACBX	PACCX	N/A	PACRX	PACYX	PACDX	PCCEX	N/A
			*Investment Income Distribution :	0.0140	0.0080	0.0080	N/A	0.0120	0.0160	0.0000	0.0170	N/A
			**Long Term Capital Gain :	0.4190	0.4190	0.4190	N/A	0.4190	0.4190	0.4190	0.4190	N/A
			Total Distribution :	0.4330	0.4270	0.4270		0.4310	0.4350	0.4190	0.4360

Putnam Dynamic Asset Allocation Growth Fund	12/16/2022	12/16/2022	12/20/2022	PAEAX	PAEBX	PAECX	N/A	PASRX	PAGYX	PADEX	PAEEX	N/A
			*Investment Income Distribution :	0.1080	0.0000	0.0000	N/A	0.0610	0.1500	0.0000	0.1670	N/A
			**Long Term Capital Gain :	0.1620	0.1620	0.1620	N/A	0.1620	0.1620	0.1620	0.1620	N/A
			Total Distribution :	0.2700	0.1620	0.1620		0.2230	0.3120	0.1620	0.3290

Putnam Fixed Income Absolute Return Fund ¹	11/18/2022	12/16/2022	12/20/2022	PYTNX	PTRBX	PTRGX	N/A	PTRKX	PYTRX	N/A	PTREX	N/A
			*Investment Income Distribution :	0.0330	0.0320	0.0280	N/A	0.0310	0.0350	N/A	0.0350	N/A
			**Special Income Distribution :	0.1540	0.1540	0.1540	N/A	0.1540	0.1540	N/A	0.1540	N/A
			Total Distribution :	0.1870	0.1860	0.1820		0.1850	0.1890		0.1890

Putnam Mortgage Opportunities Fund ¹	11/18/2022	12/16/2022	12/20/2022	PMORX	N/A	PMOZX	N/A	N/A	PMOYX	N/A	PMOLX	PMOTX
			*Investment Income Distribution :	0.0330	N/A	0.0280	N/A	N/A	0.0350	N/A	0.0360	0.0360
			**Special Income Distribution :	0.0610	N/A	0.0610	N/A	N/A	0.0610	N/A	0.0610	0.0610
			**Short Term Capital Gain :	0.1850	N/A	0.1850	N/A	N/A	0.1850	N/A	0.1850	0.1850
			Total Distribution :	0.2790		0.2740			0.2810		0.2820	0.2820

Putnam Mortgage Securities Fund ¹	11/18/2022	12/16/2022	12/20/2022	PGSIX	PGSBX	PGVCX	N/A	PGVRX	PUSYX	N/A	POLYX	N/A
			*Investment Income Distribution :	0.0450	0.0390	0.0390	N/A	0.0430	0.0470	N/A	0.0480	N/A
			**Special Income Distribution :	0.6600	0.6600	0.6600	N/A	0.6600	0.6600	N/A	0.6600	N/A
			Total Distribution :	0.7050	0.6990	0.6990		0.7030	0.7070		0.7080

Putnam Multi-Asset Absolute Return Fund	12/16/2022	12/16/2022	12/20/2022	PDMAX	PDMBX	PDMCX	N/A	PDMRX	PDMYX	N/A	PDMEX	N/A
			*Investment Income Distribution :	1.5960	1.5000	1.4970	N/A	1.5730	1.6220	N/A	1.6380	N/A

¹ The Class 'A' regular monthly or quarterly income distributions were declared on the November 18, 2022 press release.

19(a) Notices

Putnam Dynamic Asset Allocation Conservative Fund

As of December 13, 2022, the fund had net realized and unrealized losses of $0.080 per share, of which $0.000 represents unrealized depreciation of portfolio securities.

Putnam Mortgage Opportunities Fund

As of December 13, 2022, the fund had net realized and unrealized losses of $1.121 per share, of which $0.452 represents unrealized depreciation of portfolio securities.

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Contacts

PUTNAM SHAREHOLDERS CONTACT: 1-800-225-1581