Putnam Diversified Income Trust
09/26/2024 | Press release | Distributed by Public on 09/26/2024 07:44
Prospectus by Investment Company - Form 497
VGOF-P20 09/24
SUPPLEMENT DATED SEPTEMBER 26, 2024
TO THE SUMMARY PROSPECTUS, PROSPECTUS
AND STATEMENT OF ADDITIONAL INFORMATION ("SAI")
OF PUTNAM DIVERSIFIED INCOME TRUST AND
PUTNAM VT DIVERSIFIED INCOME TRUST
Effective September 30, 2024, the following changes are made to each Fund's Summary Prospectus, Prospectus and SAI:
| 1) | The following replaces all references to Brett Kozlowski, Robert Davis and Robert Salvin in the section titled "Your fund's management - Portfolio managers" in each Fund's Summary Prospectus and Prospectus: |
Benjamin Cryer, CFA
Portfolio Manager, portfolio manager of the fund since 2024.
Patrick Klein, Ph.D.
Portfolio Manager, portfolio manager of the fund since 2024.
Matthew Walkup
Portfolio Manager, portfolio manager of the fund since 2024.
| Portfolio managers | Joined fund | Employer | Positions over past five years |
| Benjamin Cryer, CFA | 2024 |
Franklin Advisers 2006 - Present |
Portfolio Manager |
| Patrick Klein, Ph.D. | 2024 |
Franklin Advisers 2009 - Present |
Portfolio Manager |
| Matthew Walkup | 2024 |
Franklin Advisers 2024 - Present Putnam Investments 2014-2024 |
Portfolio Manager Portfolio Manager |
| 2) | The following replaces all references to Brett Kozlowski, Robert Davis and Robert Salvin in the section titled "Who oversees and manages the fund? - Portfolio managers" in each Fund's Prospectus: |
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| 3) | The following replaces all references to Brett Kozlowski, Robert Davis and Robert Salvin in the table in the section titled "PORTFOLIO MANAGERS - Other accounts managed" in each Fund's SAI: |
| Portfolio managers | Other SEC-registered open-end and closed-end funds | Other accounts that pool assets from more than one client | Other accounts (including separate accounts, managed account programs and single-sponsor defined contribution plan offerings) | |||
| Number of accounts | Assets | Number of accounts | Assets | Number of accounts | Assets | |
| Benjamin Cryer* | 2 | $2,913,100,000 | 2 | $793,500,000 | 0 | $0 |
| Patrick Klein* | 12 | $16,655,300,000 | 7 | $1,776,200,000 | 8** | $5,189,100,000 |
| Matthew Walkup* | 0 | $0 | 0 | $0 | 0 | $0 |
*Information is provided as of August 31, 2024.
** 1 account, with total assets of $1,226,900,000, pays an advisory fee based on account performance.
| 4) | The following replaces all references to Brett Kozlowski, Robert Davis and Robert Salvin in the section titled "PORTFOLIO MANAGERS - Ownership of securities" in each Fund's SAI: |
| Portfolio manager(s) | Dollar range of fund shares owned |
| Benjamin Cryer* | None |
| Patrick Klein* | None |
| Matthew Walkup* | None |
| *Information is provided as of August 31, 2024. |
Shareholders should retain this Supplement for future reference.
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