stavební spoření úvěr modrá pyramida

The fund reserves the right to spoření úvěr modrá revise or terminate the exchange privilege. It is also the intention of the fund to distribute an amount sufficient to avoid imposition of any excise tax under Section 4982 of the Code. s website or the operation of the Public Reference Room. Putnam Management is responsible for determining that the value of these underlying securities is at all times at least equal to the resale price, including accrued interest. For this reason, the Fund has not adopted a separate code of ethics governing its principal executive, financial and accounting officers. Indexes assume reinvestment of all distributions and do spoření úvěr modrá not account for fees. The fund seeks as high a rate of current income as Putnam Management believes is consistent with preservation of capital and maintenance of liquidity. You may also conduct transactions, such as exchanges, additional investments, and address changes. He is President and Chief Executive Officer of Putnam Investments, as well as the President of your fund and each of the other Putnam funds. Note 1: Significant accounting policies The following is a summary of significant accounting policies consistently followed by the fund in the preparation of its financial statements spoření úvěr modrá. 001019 The classification of distributions, if any, is an estimate. Cargill Philanthropies, and director for Reach Out and Read of Greater New York, an organization dedicated to promoting early childhood literacy. s investor servicing contract, investment management contract and distribution plans, on a fiscal year-to-date basis to spoření úvěr modrá an annual rate of 0. 06 Lipper results should be compared to fund performance at net asset value. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. and then dividing that result by the number of days in the year. represent Accounting Standards Codification ASC 820 Fair Value Measurements and Disclosures. The accompanying notes are an integral part of these financial statements. To obtain the most recent month-end performance, please call Putnam at 1-800-225-1581. Using this information, we are able to spoření úvěr modrá maintain accurate records of accounts and transactions. s performance relative to its internal benchmark over the one-year period ended December 31, 2011. The Trustees indicated their intention to spoření úvěr modrá continue to monitor performance trends to assess the effectiveness of these efforts and to evaluate whether additional actions to address areas of underperformance are warranted. Interfund lending The fund, along with other Putnam funds, may participate in an interfund lending program pursuant to spoření úvěr modrá an exemptive order issued by the SEC. s custodian in a segregated account for the benefit of the fund and the counterparty. Ahamed, who in 2010 won the Pulitzer Prize for History with his book, Lords of Finance: The Bankers Who Broke the World, also serves on the Board of Aspen Insurance and the Board of the Rohatyn Group, an emerging-market fund complex that manages money for institutional investors. independent legal counsel requested that Putnam Management furnish specified information, together with any additional information that Putnam Management considered relevant, to spoření úvěr modrá the Contract Committee. Accrued pension liability is included in Payable for Trustee compensation and expenses in the Statement of assets and liabilities. Investment Manager Trustees Robert R spoření úvěr modrá. s internal control over financial reporting.

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