Form 497 PUTNAM INVESTMENT FUNDS
Statement of Additional Information Supplement | March 21, 2017 |
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Putnam International Capital Opportunities Fund | |
Statement of Additional Information dated December 30, 2016 |
Effective March 31, 2017, the sub-sections Other accounts managed and Ownership of securities in the PORTFOLIO MANAGERS section are restated in their entirety to reflect that the fund’s portfolio managers are now Karan Sodhi, Spencer Morgan and Andrew Yoon.
Other accounts managed
The following table shows the number and approximate assets of other investment accounts (or portions of investment accounts) that the fund’s portfolio managers managed as of February 28, 2017. The other accounts may include accounts for which the individuals were not designated as a portfolio manager. Unless noted, none of the other accounts pays a fee based on the account's performance.
Other accounts (including | ||||||
separate accounts, managed | ||||||
Other accounts that pool | account programs and | |||||
Portfolio | Other SEC-registered open- | assets from more than one | single-sponsor defined | |||
manager | end and closed-end funds | client | contribution plan offerings) | |||
| ||||||
Number | Number | Number | ||||
of | of | of | ||||
accounts | Assets | accounts | Assets | accounts | Assets | |
| ||||||
Karan Sodhi | 7* | $615,400,000 | 0 | $0 | 1 | $600,000 |
| ||||||
Spencer Morgan | 0 | $0 | 0 | $0 | 1 | $200,000 |
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Andrew Yoon | 0 | $0 | 0 | $0 | 0 | $0 |
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*1 account, with total assets of $149,100,000, pays an advisory fee based on account performance.
See “Management—Portfolio Transactions—Potential conflicts of interest in managing multiple accounts” in Part II of this SAI for information on how Putnam Management addresses potential conflicts of interest resulting from an individual’s management of more than one account.
Ownership of securities
The dollar range of shares of the fund owned by each portfolio manager as of February 28, 2017, including investments by immediate family members and amounts invested through retirement and deferred compensation plans, was as follows:
Portfolio manager | Dollar range of shares owned | |
Karan Sodhi | $0 | |
Spencer Morgan | $0 | |
Andrew Yoon | $0 |
3/17 |
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