Form EFFECT PUTNAM ASSET ALLOCATION

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September 12, 2022 6:02 AM EDT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Notice of Effectiveness
Effectiveness Date:	September 9, 2022 11:55 A.M.

Form:

N-14

CIK:

0000914209

Company Name:

PUTNAM ASSET ALLOCATION FUNDS

File Number:

333-266242

SERIES/CLASSES (CONTRACTS) MERGERS

CIK
	Series ID
		Class/Contract	Name
Acquiring:
0000914209			PUTNAM ASSET ALLOCATION FUNDS
	S000067964		Putnam Multi-Asset Income Fund
		C000217944	Class P Shares
Target:
0001005942			PUTNAM FUNDS TRUST
	S000024276		Putnam Multi-Asset Absolute Return Fund
		C000174703	Class P Shares

CIK
	Series ID
		Class/Contract	Name
Acquiring:
0000914209			PUTNAM ASSET ALLOCATION FUNDS
	S000067964		Putnam Multi-Asset Income Fund
		C000236748	Class Y Shares
Target:
0001005942			PUTNAM FUNDS TRUST
	S000024276		Putnam Multi-Asset Absolute Return Fund
		C000071722	Class Y

CIK
	Series ID
		Class/Contract	Name
Acquiring:
0000914209			PUTNAM ASSET ALLOCATION FUNDS
	S000067964		Putnam Multi-Asset Income Fund
		C000236749	Class R6 Shares
Target:
0001005942			PUTNAM FUNDS TRUST
	S000024276		Putnam Multi-Asset Absolute Return Fund
		C000118008	Class R6

CIK
	Series ID
		Class/Contract	Name
Acquiring:
0000914209			PUTNAM ASSET ALLOCATION FUNDS
	S000067964		Putnam Multi-Asset Income Fund
		C000236750	Class A Shares
Target:
0001005942			PUTNAM FUNDS TRUST
	S000024276		Putnam Multi-Asset Absolute Return Fund
		C000071717	Class A
Target:
0001005942			PUTNAM FUNDS TRUST
	S000024276		Putnam Multi-Asset Absolute Return Fund
		C000071718	Class B

CIK
	Series ID
		Class/Contract	Name
Acquiring:
0000914209			PUTNAM ASSET ALLOCATION FUNDS
	S000067964		Putnam Multi-Asset Income Fund
		C000236751	Class R Shares
Target:
0001005942			PUTNAM FUNDS TRUST
	S000024276		Putnam Multi-Asset Absolute Return Fund
		C000071721	Class R

CIK
	Series ID
		Class/Contract	Name
Acquiring:
0000914209			PUTNAM ASSET ALLOCATION FUNDS
	S000067964		Putnam Multi-Asset Income Fund
		C000236752	Class C Shares
Target:
0001005942			PUTNAM FUNDS TRUST
	S000024276		Putnam Multi-Asset Absolute Return Fund
		C000071719	Class C

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