The Trustees of The Putnam Funds declared the following distributions.

FUND NAME AND DISTRIBUTIONS

    

RECORD
DATE

    

PAYMENT
DATE

 

Putnam American Government Income Fund - Class B Shares (PAMBX)

$0.0160 per share investment income 1/15/2015 1/20/2015
 

Putnam American Government Income Fund - Class C Shares (PAMIX)

$0.0160 per share investment income 1/15/2015 1/20/2015
 

Putnam American Government Income Fund - Class M Shares (PAMMX)

$0.0190 per share investment income 1/15/2015 1/20/2015
 

Putnam American Government Income Fund - Class R Shares (PAMRX)

$0.0190 per share investment income 1/15/2015 1/20/2015
 

Putnam American Government Income Fund - Class Y Shares (PATYX)

$0.0230 per share investment income 1/15/2015 1/20/2015
 

Putnam American Government Income Fund - Class R5 Shares (PAMDX)

$0.0230 per share investment income 1/15/2015 1/20/2015
 

Putnam American Government Income Fund - Class R6 Shares (PAMEX)

$0.0230 per share investment income 1/15/2015 1/20/2015
 

Putnam Dynamic Asset Allocation Conservative Fund - Class B Shares (PACBX)

$0.0100 per share investment income 1/15/2015 1/20/2015
 

Putnam Dynamic Asset Allocation Conservative Fund - Class C Shares (PACCX)

$0.0100 per share investment income 1/15/2015 1/20/2015
 

Putnam Dynamic Asset Allocation Conservative Fund - Class M Shares (PACMX)

$0.0120 per share investment income 1/15/2015 1/20/2015
 

Putnam Dynamic Asset Allocation Conservative Fund - Class R Shares (PACRX)

$0.0140 per share investment income 1/15/2015 1/20/2015
 

Putnam Dynamic Asset Allocation Conservative Fund - Class Y Shares (PACYX)

$0.0180 per share investment income 1/15/2015 1/20/2015
 

Putnam Dynamic Asset Allocation Conservative Fund - Class R5 Shares (PACDX)

$0.0180 per share investment income 1/15/2015 1/20/2015
 

Putnam Dynamic Asset Allocation Conservative Fund - Class R6 Shares (PCCEX)

$0.0190 per share investment income 1/15/2015 1/20/2015