Putnam Variable Trust
07/01/2022 | Press release | Distributed by Public on 07/01/2022 07:08
Summary Prospectus by Investment Company (Form 497K)
a_vtemesupp.htm
| Summary Prospectus Supplement | July 1, 2022 |
Putnam VT Emerging Markets Equity Fund
Putnam VT Growth Opportunities Fund
Summary Prospectuses dated April 30, 2022
Effective July 1, 2022, for each fund listed above, the following language is added to the sub-section Investments in the section Investments, risks, and performance:
The fund is "non-diversified," which means it may invest a greater percentage of its assets in fewer issuers than a "diversified" fund.
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Effective July 1, 2022, for each fund listed above, the following language is added to the sub-section Risks in the section Investments, risks, and performance:
As a non-diversified fund, the fund may invest in fewer issuers and is more vulnerable than a more broadly diversified fund to fluctuations in the values of the securities it holds.
| 330536 7/22 |