PACBX Putnam Dynamic Asset Allocation Fund Conservative B (MM)

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

FUND NAME AND DISTRIBUTIONS

   

EX/RECORDDATE

   

PAYMENTDATE

   

George Putnam Balanced Fund – Class B Shares (PGEBX)

8/26/2011 8/30/2011 $ 0.0250 per share investment income  

George Putnam Balanced Fund – Class C Shares (PGPCX)

8/26/2011 8/30/2011 $ 0.0270 per share investment income  

George Putnam Balanced Fund – Class M Shares (PGEMX)

8/26/2011 8/30/2011 $0.0340 per share investment income  

George Putnam Balanced Fund – Class R Shares (PGPRX)

8/26/2011 8/30/2011 $0.0420 per share investment income  

George Putnam Balanced Fund – Class Y Shares (PGEYX)

8/26/2011 8/30/2011 $0.0580 per share investment income    

Putnam Retirement Income Fund, Lifestyle 1*- Class M Shares (PRMMX)

8/26/2011 8/30/2011 $0.0030 per share investment income  

Putnam Retirement Income Fund, Lifestyle 1*- Class R Shares (PRMKX)

8/26/2011 8/30/2011 $0.0030 per share investment income  

Putnam Retirement Income Fund, Lifestyle 1* – Class Y Shares (PRMYX)

8/26/2011 8/30/2011 $0.0090 per share investment income

*Prior to June 16, 2011, the fund was known as Putnam RetirementReady Maturity Fund.