Putnam Stable Value Fund

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Putnam Stable Value FundAnnual Report Year Ended December 31, 2017Putnam Stable Value fund Audited Financial StatementsYear ended December 31, 2017ContentsAudited Financial StatementsReport of Independent Auditors 1Schedule of investments 2Statement of assets and liabilities 4Statement of operations 5Statement of changes in net assets 6Financial highlights 7Notes to financial statements 8 Putnam Stable Value fund 1 Report of Independent Auditors To theTrustee of the Putnam Stable Value fund We have audited the accompanying financial statements of Putnam Stable Value fund (the)

Putnam Stable Value Fund We have audited the accompanyingfinancial statements ofPutnam Stable Value Fund(the “Fund”), which comprise the statement of assets and liabilities, including the schedule of investments, as of

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