| UNITED STATES |
| SECURITIES AND EXCHANGE COMMISSION |
| WASHINGTON, DC 20549 |
| SCHEDULE 14A |
| (RULE 14A-101) |
| INFORMATION REQUIRED IN PROXY STATEMENT |
| SCHEDULE 14A INFORMATION |
| Proxy Statement Pursuant to Section 14(a) |
| of the Securities Exchange Act of 1934 |
| Filed by the Registrant / X / |
| Filed by a Party other than the Registrant / / |
Check the appropriate box:
| / / | Preliminary Proxy Statement. |
| / / | Confidential, for use of the Commission Only (as permitted by Rule 14a-6(e) (2)). |
| / / | Definitive Proxy Statement. |
| / X / | Definitive Additional Materials. |
| / / | Soliciting Material under § 240.14a-12. |
| PUTNAM ASSET ALLOCATION FUNDS |
| (for Putnam Dynamic Asset Allocation Conservative Fund |
| Putnam Multi-Asset Income Fund) |
| PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND |
| PUTNAM CONVERTIBLE SECURITIES FUND |
| PUTNAM DIVERSIFIED INCOME TRUST |
| PUTNAM GLOBAL INCOME TRUST |
| PUTNAM HIGH YIELD FUND |
| PUTNAM INCOME FUND |
| PUTNAM FUNDS TRUST |
| (For Putnam Core Bond Fund |
| Putnam Emerging Markets Equity Fund |
| Putnam Floating Rate Income Fund |
| Putnam Focused Equity Fund |
| Putnam Global Technology Fund |
| Putnam Intermediate-Term Municipal Income Fund |
| Putnam International Value Fund |
| Putnam Mortgage Opportunities Fund |
| Putnam Short Duration Bond Fund |
| Putnam Short-Term Municipal Income Fund |
| Putnam Ultra Short MAC Series) |
| PUTNAM INVESTMENT FUNDS |
| (for Putnam International Capital Opportunities Fund |
| Putnam Research Fund |
| Putnam Small Cap Value Fund |
| Putnam Sustainable Future Fund) |
| PUTNAM INTERNATIONAL EQUITY FUND |
| PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND |
| PUTNAM MINNESOTA TAX EXEMPT INCOME FUND |
| PUTNAM MORTGAGE SECURITIES FUND |
| PUTNAM NEW JERSEY TAX EXEMPT INCOME FUND |
| PUTNAM NEW YORK TAX EXEMPT INCOME FUND |
| PUTNAM OHIO TAX EXEMPT INCOME FUND |
| PUTNAM PENNSYLVANIA TAX EXEMPT INCOME FUND |
| PUTNAM TARGET DATE FUNDS |
| (for Putnam Retirement Advantage 2025 Fund |
| Putnam Retirement Advantage 2030 Fund |
| Putnam Retirement Advantage 2035 Fund |
| Putnam Retirement Advantage 2040 Fund |
| Putnam Retirement Advantage 2045 Fund |
| Putnam Retirement Advantage 2050 Fund |
| Putnam Retirement Advantage 2055 Fund |
| Putnam Retirement Advantage 2060 Fund |
| Putnam Retirement Advantage Maturity Fund |
| Putnam Sustainable Retirement 2025 Fund |
| Putnam Sustainable Retirement 2030 Fund |
| Putnam Sustainable Retirement 2035 Fund |
| Putnam Sustainable Retirement 2040 Fund |
| Putnam Sustainable Retirement 2045 Fund |
| Putnam Sustainable Retirement 2050 Fund |
| Putnam Sustainable Retirement 2055 Fund |
| Putnam Sustainable Retirement 2060 Fund |
| Putnam Sustainable Retirement Maturity Fund) |
| PUTNAM TAX EXEMPT INCOME FUND |
| PUTNAM TAX-FREE INCOME TRUST |
| (For Putnam Strategic Intermediate Municipal Fund |
| Putnam Tax-Free High Yield Fund) |
| -2- |
| (Name of Registrant as Specified in its Charter) |
| (Name of Person(s) Filing Proxy Statement, |
| if Other Than the Registrant) |
Payment of Filing Fee (Check the appropriate box):
| / X / | No fee required. |
| / / | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
| (1) Title of each class of securities to which transaction applies: | |
| (2) Aggregate number of securities to which transaction applies: | |
| (3) Per unit price or other underlying value of transaction computed pursuant to Exchange | |
| Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it | |
| was determined): | |
| (4) Proposed maximum aggregate value of transaction: | |
| (5) Total fee paid: | |
| / / | Fee paid previously with preliminary materials. |
| / / | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and |
| identify the filing for which the offsetting fee was paid previously. Identify the previous | |
| filing by registration statement number, or the Form or Schedule and the date of its filing. | |
| (1) Amount Previously Paid: | |
| (2) Form, Schedule or Registration Statement No.: | |
| (3) Filing Party: | |
| (4) Date Filed: | |
| -3- |
Hello everyone,
Putnam Investments is taking an exciting new step in our mission of helping you achieve your financial goals.
Putnam is slated to become part of Franklin Templeton gaining new resources to serve you and all of us as shareholders.
Our fund strategies and portfolio teams will stay the same upon the closing of this transaction.
Today we need your support to proceed.
Here is how you can help: Complete and mail in your proxy card, call our dedicated phone line, or click on proxyvote.com and input the control number on your card.
It will take less than a minute, and it will open a bright future for our partnership together.
From all of us at Putnam, thank you for being a shareholder and for your continuing trust in what we do.