Putnam PanAgora Managed Futures Strategy — new fund registration

PUTNAM INVESTMENT FUNDS registered 3 new fund series on Form 485APOS, filed 2017-05-23. Featured series: Putnam PanAgora Managed Futures Strategy.

Registration

Series	Class	Ticker	New
Putnam PanAgora Managed Futures Strategy	Class A Shares	—	Yes
Putnam PanAgora Managed Futures Strategy	Class B Shares	—	Yes
Putnam PanAgora Managed Futures Strategy	Class C Shares	—	Yes
Putnam PanAgora Managed Futures Strategy	Class M Shares	—	Yes
Putnam PanAgora Managed Futures Strategy	Class R Shares	—	Yes
Putnam PanAgora Managed Futures Strategy	Class R6 Shares	—	Yes
Putnam PanAgora Managed Futures Strategy	Class T Shares	—	Yes
Putnam PanAgora Managed Futures Strategy	Class Y Shares	—	Yes
Putnam PanAgora Market Neutral Fund	Class B Shares	—	Yes
Putnam PanAgora Market Neutral Fund	Class C Shares	—	Yes
Putnam PanAgora Market Neutral Fund	Class M Shares	—	Yes
Putnam PanAgora Market Neutral Fund	Class R Shares	—	Yes
Putnam PanAgora Market Neutral Fund	Class R6 Shares	—	Yes
Putnam PanAgora Market Neutral Fund	Class T Shares	—	Yes
Putnam PanAgora Market Neutral Fund	Class Y Shares	—	Yes
Putnam PanAgora Market Neutral Fund	Class A Shares	—	Yes
Putnam PanAgora Risk Parity Fund	Class A Shares	—	Yes
Putnam PanAgora Risk Parity Fund	Class B Shares	—	Yes
Putnam PanAgora Risk Parity Fund	Class C Shares	—	Yes
Putnam PanAgora Risk Parity Fund	Class M Shares	—	Yes
Putnam PanAgora Risk Parity Fund	Class R Shares	—	Yes
Putnam PanAgora Risk Parity Fund	Class R6 Shares	—	Yes
Putnam PanAgora Risk Parity Fund	Class T Shares	—	Yes
Putnam PanAgora Risk Parity Fund	Class Y Shares	—	Yes

Putnam PanAgora Managed Futures Strategy seeks absolute return (i.e. positive total return in diverse market environments over time).