Summary Prospectus Supplement   June 10, 2013  

 

In the summary prospectus for each fund listed below, the section Fees and expenses is supplemented to reflect that the 1.00% short-term trading fee (also known as a redemption fee) described in the prospectus will no longer apply, effective for shares purchased on or after June 24, 2013.

 

Putnam Capital   Putnam  
Opportunities Fund   High Yield Trust  
Putnam Capital   Putnam International Capital  
Spectrum Fund   Opportunities Fund  
Putnam Convertible   Putnam Small Cap  
Securities Fund   Growth Fund  
Putnam Equity Spectrum Fund   Putnam Small Cap Value Fund  
Putnam Floating Rate   Putnam Tax-Free  
Income Fund   High Yield Fund  
Putnam High Yield    
Advantage Fund    

 


282224 6/13  

 

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